Axia Energia (AXIA3) reported that, in the 5th conversion and redemption transaction carried out on October 19, 2026, 35,083,761 class "C" preferred shares (PNC) will be converted into common shares (ON) at a 1:1 ratio. In the same transaction, 32,095,169 PNC shares will be redeemed and canceled, corresponding to 47.78% of the shares of this class, with a cash settlement amount of R$ 1.909 billion.
According to the company, the capital allocated for the transaction is R$ 11.7 billion, leaving a remaining balance of R$ 3.483 billion after the redemption. Holders of American Depositary Receipts (ADRs) will receive the redemption amount within up to 7 business days after October 26, 2026, the payment date of the 5th redemption transaction.
After the completion of the transaction, Axia Energia’s share capital will consist of 2,476,889,187 common shares, 319,660,074 class "C" preferred shares and 1 special share held by the Federal Government (golden share), totaling 2,796,549,262 shares.
