CENTRUS ENERGY CORP (LEU) SEC Filings

Centrus Energy Corp. (LEU) completed its acquisition of 100% of Westerman Holdings, LLC’s issued and outstanding membership interests for approximately $116.0 million, comprising $95.0 million in cash and $21.0 million in Centrus Class A common stock. Westerman became a wholly owned subsidiary. The U.S. equipment manufacturer and engineering firm supplies centrifuge casings and other components and also serves non-nuclear markets, including oil and gas. Westerman has approximately 400 employees and four facilities in Ohio, Oklahoma, and Wyoming.

At closing, Centrus paid from the purchase price approximately $31.5 million to holders of Westerman’s subordinated notes in full satisfaction of the notes, $12.7 million to repay Westerman’s term loan, and approximately $10.5 million in transaction expenses. The purchase price is subject to a customary cash adjustment based on the final determination of closing net working capital. Centrus agreed to use reasonable best efforts, as soon as reasonably practicable after closing, to file an automatic shelf registration statement for the sale of all or a portion of the stock consideration shares. The transaction is expected to be accretive to adjusted earnings per share in the first year following closing.

Centrus Energy Corp. (LEU) reported that it has signed a definitive multi-year contract to supply Antares Nuclear with high-assay low-enriched uranium (HALEU), with deliveries scheduled to begin before the end of the decade. The HALEU will be U.S.-origin and "unobligated," supporting Antares’ advanced reactor projects for space and national security missions. The agreement adds another HALEU customer to Centrus’ backlog and includes prepayments from Antares to help fund Centrus’ expansion of domestic enrichment capacity at its American Centrifuge Plant in Piketon, Ohio, described as the only licensed HALEU production facility in the western world.

Centrus Energy Corp. (LEU) has priced an underwritten public offering of 500,000 shares of Class A common stock, pre-funded warrants for 2,005,513 shares, and common warrants for up to 6,992,382 shares, at combined public offering prices of $199.64 per share and accompanying Common Warrants and $199.54 per Pre-Funded Warrant and accompanying Common Warrants. The Common Warrants are issued in four series with exercise prices of $226.8625, $272.2350, $317.6075 and $362.9800 per share, each split into two tranches with expirations from the second to fifth anniversaries of September 10, 2026 and nine weeks thereafter. Gross proceeds are expected to be about $500 million, excluding any proceeds from warrant exercises, with intended uses for working capital, technology development, debt repayment or repurchase, capital expenditures and potential acquisitions.

Centrus also discloses advanced, non-binding discussions to acquire a domestic manufacturing supplier for an anticipated $115–$125 million purchase price; the target generated about $160 million of 2025 revenue. The transaction remains subject to due diligence, approvals and execution of definitive agreements, and may not occur.

Centrus Energy Corp. (LEU) is conducting a primary offering of 500,000 shares of Class A Common Stock, Pre-Funded Warrants to purchase up to 2,005,513 shares, and four series of Common Warrants to purchase up to 6,992,382 shares of Class A Common Stock. The stock is priced at $199.64 per share and the Pre-Funded Warrants at $199.54 each, for aggregate gross proceeds of about $500.0 million and estimated net proceeds of about $489 million before any warrant exercises. If all Warrants are exercised for cash, Centrus could receive up to an additional $2.0 billion in gross proceeds. Shares outstanding will increase from 19,233,908 to 19,733,908 immediately after the offering, excluding any warrant exercises. Centrus plans to use proceeds for general working capital and corporate purposes, including technology investment, debt repayment, capital expenditures and potential acquisitions; it is in advanced discussions to acquire a domestic manufacturing supplier for $115–$125 million.

Centrus Energy Corp. (LEU) has filed a preliminary prospectus supplement for a primary offering of Class A common stock, together with Pre-Funded Warrants and four series of Common Warrants, all registered under its automatic shelf registration statement. The Common Warrants have exercise prices set at 125%, 150%, 175% and 200% of the NYSE closing price of $185.53 on September 8, 2026, and expire in staggered tranches between 2028 and 2031, while the Pre-Funded Warrants carry a $0.10 per-share exercise price and a 25-year term.

Centrus intends to use the net proceeds for general working capital and corporate purposes, including technology development and deployment, debt repayment or repurchase, capital expenditures and potential acquisitions. The company reports 19,233,908 Class A shares outstanding as of September 4, 2026, and notes a strong enrichment pricing environment, with SWU spot prices at $200 as of June 30, 2026. Centrus is also in advanced, but non-binding, discussions to acquire a domestic manufacturing supplier for an anticipated purchase price of approximately $115–$125 million; the target generated about $160 million of revenue in 2025.

Centrus Energy Corp. (LEU) announced a multi-year contract with Radiant Industries to supply high-assay low-enriched uranium (HALEU) fuel for deployment of multiple Kaleidos microreactors, with deliveries scheduled to begin before the end of the current decade.

The agreement adds Radiant as another HALEU customer in Centrus’ backlog and includes prepayments to Centrus that support its program to build out domestic commercial enrichment capacity. Because Centrus’ technology and supply chain are U.S.-origin, the enrichment it provides under this contract will be "unobligated" and available for potential national security uses, while also positioning Centrus in the emerging microreactor market.

Centrus Energy Corp (LEU) is reported to have a significant institutional shareholder position. State Street Corporation and SSGA Funds Management, Inc. jointly report beneficial ownership of 1,957,421 shares of Centrus Energy common stock, representing 10.2% of the class.

The reporting persons state they have shared power to vote 1,906,459 shares and shared power to dispose of 1,957,421 shares, with no sole voting or dispositive power. SSGA Funds Management, Inc. is identified along with several State Street Global Advisors entities as investment adviser subsidiaries through which the holdings are maintained.

CENTRUS ENERGY CORP (LEU) is reported in this Schedule 13G/A Amendment No. 2 as having 2,237,192 shares of its Class A Stock beneficially owned by BlackRock, Inc. and certain of its business units, representing 11.6% of the class as of the report date.

BlackRock reports sole voting power over 2,205,456 shares and sole dispositive power over 2,237,192 shares, with no shared voting or dispositive power. Various underlying clients have rights to dividends or sale proceeds, but no single client holds more than 5% of CENTRUS ENERGY CORP’s outstanding common shares.

Centrus Energy Corp. (LEU) adopted a Supplemental Executive Incentive Plan for 2026 and approved a special one-time grant of performance based restricted stock units (Performance RSUs) for executive officers and certain senior leaders. The awards vest only if specific performance milestones at the company’s Piketon, Ohio production facility are achieved before an outside date and related costs remain within a defined range.

For CEO Amir V. Vexler, 100% of the Performance RSUs vest upon achievement of enrichment from a first cascade, defined as the Final Milestone. For other recipients, 30% vest upon completion and receipt of the first cascade at Piketon and 70% vest upon achievement of the Final Milestone. If employment ends before vesting, the awards are forfeited. Grant sizes for named executive officers are based on the fair market value of Centrus common stock on the grant date, with target grant values up to $5,000,000 for the CEO and between $1,300,000 and $2,000,000 for other named executives.