Centrus Announces "At-the-Market" Equity Offering Program

Core Viewpoint - Centrus Energy Corp. has announced an at-the-market equity offering sales agreement to sell up to $1,000,000,000 of its Class A common stock, which will be used for general working capital and corporate purposes [1][2]. Group 1: Offering Details - The equity offering will be conducted at prevailing market prices, with parameters set by Centrus regarding the number of shares, sale dates, and pricing limits [2]. - Centrus is not obligated to sell any shares under this program, but any proceeds will potentially be used for technology development, debt repayment, capital expenditures, and acquisitions [2]. - The sales agents for this offering include Barclays, Citi, UBS Investment Bank, and Evercore ISI, among others [3]. Group 2: Regulatory and Compliance - The shares will be issued under Centrus' Registration Statement on Form S-3ASR, which became effective upon filing with the SEC [6]. - The offering will comply with the Securities Act of 1933, and sales will be made through NYSE American LLC or other trading markets [4]. Group 3: Company Background - Centrus Energy Corp. is a supplier of nuclear fuel components, providing over 1,850 reactor years of fuel since 1998, equivalent to more than 7 billion tons of coal [8]. - The company is focused on producing High-Assay, Low-Enriched Uranium and aims to restore uranium enrichment capabilities in the U.S. to meet clean energy and national security needs [8].