Eletrobras Completes Shareholder Meeting Approvals for Novo Mercado Migration

Centrais Elétricas Brasileiras S.A. - Eletrobras (Eletrobras) announced the successful completion of shareholder meetings held on April 1, 2026, where all necessary approvals were obtained for the company's migration to the Novo Mercado segment of B3 S.A. – Brasil, Bolsa, Balcão (B3). Key approvals include the conversion of Class "A1" (PNA1) and Class "B1" (PNB1) preferred shares into common shares, the authorization for the migration, and amendments to the company's bylaws. Shareholders who did not approve the conversions have until May 4, 2026, to exercise their withdrawal rights. Following this, all PNA1 and PNB1 shares will be converted into common shares. The migration is still subject to B3's review and approval, along with operational procedures. This move is expected to simplify Eletrobras's capital structure, enhance share liquidity, and advance corporate governance practices.