Axia Energia (AXIA3) is redeeming 70,716,228 class C preferred shares (PNC) to simplify its capital structure. The total value of the operation amounts to R$3.9 billion. These preferred shares began trading on the B3 exchange on an ex-rights basis today, September 24, 2026. Shareholders registered by the September 23, 2026 cut-off date remain eligible for the redemption.
This fourth redemption cycle allows investors to convert preferred shares into common stock or receive a cash payout. The company set the redemption price at R$55.15 per share. This price reflects the common stock's closing value on September 21, 2026.
The move supports Axia’s migration to the Novo Mercado, the highest corporate governance tier on the São Paulo stock exchange. This strategy aims to eventually consolidate all equity into a single class of common shares.