Axia Energia S.A. will complete the financial settlement for 37.1 million class "C" preferred shares (PNC) on August 24, 2026. The company set the redemption price at BRL 53.71 per share. This settlement marks the second phase of a broader plan to reorganize the company's share structure.
The initiative aims to reduce stock class complexity and enhance common share liquidity. Shareholders previously chose between converting their holdings into common stock or receiving cash payments.
This move follows a BRL 1.3 billion legal settlement with the state of Piauí. Axia Energia also transferred over BRL 1.1 billion in treasury shares to meet judicial obligations.