On August 6, 2026, AXIA Energia S.A.'s Board approved the partial mandatory redemption of 37,237,014 Class C preferred shares (PNC Shares), representing approximately 6.14% of outstanding PNC Shares and R$2 billion in value. The redemption price is set at R$53.71 per share, payable on August 24, 2026. Holders may opt for a partial elective conversion into common shares at a ratio of 1.1:1, though ADS holders are excluded from this option and will receive cash payments net of depositary fees. The ADSs ceased trading on the New York Stock Exchange after August 7, 2026, moving to the OTC Pink Limited Market. AXIA Energia S.A. operates in the Brazilian energy sector, focusing on power generation and distribution.
