AXIA Energia Completes Share Exchange and Migration to Novo Mercado

AXIA Energia S.A. (formerly Eletrobras) has completed a mandatory share exchange effective June 10, 2026, as part of its migration to the Novo Mercado listing segment of B3. The company exchanged all outstanding Class B1 preferred shares for common shares at a 1.1:1 ratio, and all Class B1 preferred American Depositary Shares (ADS) for common ADS at the same ratio. Following the exchange, the newly-exchanged common ADS commenced trading on the NYSE under the ticker symbol "AXIA," while the common shares trade on B3's Novo Mercado under "AXIA3." The company intends to terminate its reporting obligations for the Class B1 Preferred ADS under the Exchange Act. This restructuring represents a significant corporate reorganization as the company transitions to a higher corporate governance standard through the Novo Mercado listing segment.