Corporate ActionJun 11, 2026, 06:01 AM
AXIA Energia Completes Share Exchange, Migrates to Novo Mercado
AI Summary
AXIA Energia S.A. announced the completion of its previously-announced mandatory exchange of Class B1 preferred shares and ADSs for common shares and ADSs, effective June 10, 2026. This action is in connection with the company's migration to the Novo Mercado listing segment of B3 S.A. – Brasil, Bolsa, Balcão. Following the exchange, the newly-exchanged Common ADSs began trading on the NYSE under the ticker symbol "AXIA", and the company intends to terminate its reporting duties for the Class B1 Preferred ADSs.
Key Highlights
- AXIA Energia completed mandatory exchange of Class B1 Preferred Shares for Common Shares.
- Exchange ratio: 1.1 Common Shares per one Class B1 Preferred Share.
- Completed mandatory exchange of Class B1 Preferred ADSs for Common ADSs.
- Exchange ratio: 1.1 Common ADSs per one Class B1 Preferred ADS.
- Common ADSs commenced trading on NYSE on June 10, 2026, under ticker "AXIA".
- Common Shares listed on B3 Novo Mercado under ticker "AXIA3".
- Company intends to terminate reporting for Class B1 Preferred ADSs.
Price Impact
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