AXIA Energia Files to Deregister Class B1 Preferred ADSs from NYSE

summarizeSummary

AXIA Energia S.A. is formally delisting its Class B1 Preferred American Depositary Shares (ADSs) from the NYSE and terminating associated SEC reporting obligations, a move that follows a mandatory exchange offer and the company's migration to Brazil's B3 Novo Mercado.

check_boxKey Events

• NYSE Delisting of Class B1 Preferred ADSs

  AXIA Energia S.A. has filed Form 15F-12B to terminate the registration and reporting obligations for its Class B1 Preferred American Depositary Shares (ADSs) from the New York Stock Exchange (NYSE). Trading of these ADSs ceased on June 5, 2026.

• Strategic Consolidation on B3

  This delisting is a result of a mandatory exchange offer on December 22, 2025, where Class B Preferred Shares were exchanged for Class B1 Preferred Shares, and the company's strategic migration to B3's Novo Mercado segment in Brazil, which is now its primary trading market.

• Compliance with Deregistration Rules

  The company qualifies for deregistration under Rule 12h-6(a), with the average daily trading volume of the Class B1 Preferred ADSs in the U.S. being 1.29% of the worldwide volume for the preceding 12 months as of June 5, 2026, well below the 5% threshold.

auto_awesomeAnalysis

This filing formalizes AXIA Energia S.A.'s termination of SEC registration and reporting obligations for its Class B1 Preferred American Depositary Shares (ADSs) from the New York Stock Exchange (NYSE). This action follows a mandatory exchange offer and the company's strategic migration to B3's Novo Mercado segment in Brazil, which is now its primary trading market. While this is a planned strategic move and not a full company delisting (common and Class C preferred ADSs still trade on NYSE), it will reduce liquidity and access for U.S. investors holding these specific preferred ADSs.