DelistingJul 6, 2026, 04:33 PM
AXIA Energia to Delist ADSs from NYSE by August 6, 2026
AI Summary
AXIA Energia S.A. announced its voluntary delisting of Common and Class C Preferred American Depositary Shares (ADSs) from the New York Stock Exchange (NYSE). This action, previously announced on April 1, 2026, aims to consolidate the Company's liquidity in the Brazilian market, as ADSs currently represent only about 2.5% of outstanding shares. The last day of trading on the NYSE is expected to be around August 6, 2026, after which the Company plans to deregister its securities with the SEC. Following the delisting, ADSs are expected to continue trading on the over-the-counter market through a Level 1 sponsored ADR program.
Key Highlights
- Voluntary delisting of Common ADSs and Class C Preferred ADSs from NYSE.
- ADSs represent approximately 2.5% of the Company's outstanding shares.
- Last day of trading on NYSE expected to be on or about August 6, 2026.
- Company intends to file Form 15F with SEC to deregister securities.
- ADSs expected to continue trading on the over-the-counter market via Level 1 sponsored ADR program.
Price Impact
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