AXIA Energia S.A. Form 6-K Filing Summary

AXIA Energia S.A. has announced the approval of its migration to the Novo Mercado listing segment of B3 S.A. – Brasil, Bolsa, Balcão. This migration includes a mandatory exchange of Class B1 preferred shares and ADSs into common shares and common ADSs, respectively, with an expected effective date around June 10, 2026. The exchange ratio is 1.1 common shares/ADSs per Class B1 preferred share/ADS. The filing also provides detailed information on the U.S. federal income tax considerations for U.S. beneficial owners of Class B1 Preferred ADSs in connection with this exchange. It outlines the treatment of the exchange, cash-in-lieu of fractional shares, potential Passive Foreign Investment Company (PFIC) implications, and backup withholding and information reporting requirements. U.S. Holders are advised to consult their tax advisors for specific guidance.