AXIA Energia S.A. - Form 6-K Filing Regarding Class C Preferred Shares Redemption/Conversion

This Form 6-K filing from AXIA Energia S.A. details the process for the redemption and/or conversion of its Class C preferred shares (PNCs). These shares, created in December 2025, were distributed at a ratio of 0.2628378881074 PNC shares for each common share and Class A1 and B1 preferred shares. Key characteristics of PNC shares include their redeemable and/or convertible nature into common shares, a one-share-one-vote principle, equal dividend rights to common shares, 100% tag-along rights, and a redemption/conversion deadline of 2031. The board of directors can initiate redemption/conversion at any time, with the redemption price based on the preceding day's closing price of common shares. Shareholders have the option to elect full or partial conversion into common shares at a 1:1 ratio within a five-business-day window. If no election is made, the default option is redemption. The filing also outlines the schedule for these transactions, procedures for local and non-resident investors (including tax treatment for non-residents), and specific provisions for American Depositary Receipt (ADR) holders, who will have their PNC shares mandatorily redeemed without the option to convert. The document includes forward-looking statements and disclaimers regarding financial, legal, and tax advice.