AXIA Energia S.A. announced procedures for the redemption or conversion of Class "C" preferred shares (PNC Shares). The initial transaction for the 1Q26 period will be limited to a maximum of BRL 4 billion to evaluate the mechanism. Holders may elect to convert PNC Shares into common shares at a 1:1 ratio during a five-business-day election period, otherwise, shares will be automatically redeemed at a price corresponding to the common share closing price on the preceding trading session. ADR holders cannot elect conversion and will receive mandatory redemption payments via Citibank N.A. AXIA Energia S.A. is an energy company operating in the Brazilian power sector.
