Holders of AXIA-P have already been converted to common shares. Monitor the common stock's performance and liquidity, as the preferred dividend stream is gone. No further trading in AXIA-P is possible.
Price Chart
Executive Summary
NYSE filed Form 25-NSE to delist AXIA Energia's American Depositary Shares representing Preferred Class B1 Shares following a mandatory exchange into common shares. Effective June 10, 2026, each preferred ADS was converted into 1.1 common ADS; trading was suspended June 8, and delisting will occur June 22. Preferred holders now hold common shares, and the preferred security ceases to exist.
Key Facts
- Mandatory exchange of AXIA-P ADS (Preferred Class B1) for common ADS at 1.1:1 ratio effective June 10, 2026
- Trading in AXIA-P suspended on June 8, 2026, before market open
- Delisting from NYSE effective June 22, 2026
- Preferred shares will no longer trade; holders receive common shares
Financial Impact
Preferred security eliminated; value now tied to common shares at 1.1x ratio
Risk Factors
- Common share price may not reflect the conversion premium
- Potential dilution for common shareholders from the additional shares issued
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 25-NSE Filing (Primary) | 0000876661-26-000521 |
| Document: 0000876661-26-000521-index.html | 0000876661-26-000521 |
| Document: 0000876661-26-000521.txt | 0000876661-26-000521 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Jun 10, 2026 19w ago | 25-NSE | $10.74 | awaiting T+1 | — | — |
Jun 2, 2026 20w ago | 6-K | $11.05 $10.93 | ▼ −1.09% | ▼ −1.49% | — |
Jun 2, 2026 20w ago | 6-K | $11.05 $10.93 | ▼ −1.09% | ▼ −1.49% | — |
May 29, 2026 21w ago | 6-K | $11.40 $11.25 | ▼ −1.32% | ▼ −1.59% | — |
May 27, 2026 21w ago | 6-K | $11.50 $11.50 | · 0.00% | ▲ +0.55% | — |
May 20, 2026 22w ago | 6-K | $12.00 $11.80 | ▲ +1.67% | ▲ +2.11% | — |
May 20, 2026 22w ago | 6-K | $12.00 $11.80 | ▼ −1.67% | ▼ −2.11% | — |
May 8, 2026 24w ago | 6-K | $12.80 $12.83 | ▲ +0.23% | ▲ +0.37% | — |
May 8, 2026 24w ago | 6-K | $12.80 $12.83 | ▲ +0.23% | ▲ +0.37% | — |
May 6, 2026 24w ago | 6-K | $13.00 $13.13 | ▲ +1.00% | ▲ +0.17% | — |
US Market Status
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