CENTRUS ENERGY CORP 8-K filed 2026-09-11

Centrus Energy Corp (NYSE: LEU), a Delaware large accelerated filer formerly named USEC Inc, filed this 8-K on 2026-09-11 under Item 1.01, Entry into a Material Definitive Agreement. On September 9, 2026, the company signed an underwriting agreement with Guggenheim Securities, LLC, as representative of the underwriters. The agreement covers the sale of 500,000 shares of Class A common stock, pre-funded warrants for up to 2,005,513 shares, and common warrants for up to 6,992,382 shares. The filing states these are issued separately and not as a unit. The pre-funded warrants are exercisable immediately at $0.10 per share through the twenty five-year anniversary of issuance. The common warrants come in four series with exercise prices of $226.8625, $272.2350, $317.6075 and $362.9800 per share. Each series is exercisable immediately until its tranche expires. A holder cannot exercise if it would beneficially own more than 4.99% of outstanding shares. That cap can be raised to no more than 9.99% on at least 61 days' prior notice to the company. The common warrants carry terms relevant to dilution and change-of-control analysis. The company may require cashless exercise on each six-month anniversary of the issuance date. After a Change of Control, a holder may require the company or successor to buy the common warrants for cash at their Black Scholes Value. If the Change of Control is not within the company's control, including one not approved by the Board of Directors, the holder instead receives the same form of consideration offered to holders of common stock. Several details are not in the filing as excerpted: the offering price per share, gross or net proceeds, use of proceeds, underwriter compensation, and the expiration date of each common warrant tranche. The excerpt ends mid-sentence, so the full terms require opening the source document.