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AXIA Energia S.A. announced its Board approved the delisting of ADRs from the NYSE to consolidate liquidity, alongside a migration to the Novo Mercado segment.
AXIA Energia S.A. (Eletrobras) disclosed that its Board of Directors approved the initiation of procedures to delist its American Depositary Receipts (ADRs) from the New York Stock Exchange (NYSE) on April 1, 2026. The decision is driven by a strategic objective to consolidate liquidity in a single market, highlighting that ADRs currently constitute only 2.5% of the Company's total shareholder base. This low participation suggests the administrative and compliance costs of the US listing may no longer be justified by the liquidity benefits.
Concurrently, the Company emphasized that corporate governance standards will not be diminished by the delisting. Shareholders approved a migration to the Novo Mercado, a premium listing segment of the B3 stock exchange in Brazil known for requiring high standards of corporate governance and transparency. Management stated that this migration reinforces internal controls and risk management while strengthening shareholders' rights. The Vice President of Finance and Investor Relations, Eduardo Haiama, signed the report, reiterating the commitment to generating sustainable long-term value.