Centrus Energy Corp. Announces Extension of Section 382 Rights Agreement

Rhea-AI Summary

Centrus Energy (NYSE American: LEU) received stockholder approval at its June 18, 2026 annual meeting to enter a seventh amendment to its Section 382 Rights Agreement. The amendment extends the Rights Plan, designed to preserve substantial NOL-related tax assets, through June 30, 2029.

Positive

• Stockholders approved the seventh amendment to the Section 382 Rights Agreement
• Rights Plan extended through June 30, 2029 to help preserve NOL tax assets

Negative

• None.

News Market Reaction – LEU

-4.03% 1.6x vol

42 alerts

-4.03% Session close to close

+8.1% Peak in 9 hr 1 min

$3.78B Market Cap

1.6x Rel. Volume

In the Jun 22 session, LEU declined 4.03%, reflecting a moderate negative market reaction. Argus tracked a peak move of +8.1% during that session. Our momentum scanner triggered 42 alerts that day, indicating elevated trading interest and price volatility. Trading volume was above average at 1.6x the daily average, suggesting increased trading activity.

Data tracked by StockTitan Argus on the day of publication.

Market Context

This announcement extends the Section 382 Rights Plan to protect substantial NOL tax assets through ...

Analysis

This announcement extends the Section 382 Rights Plan to protect substantial NOL tax assets through 2029, complementing an effective automatic shelf. Investors should watch future ownership shifts and any capital raises executed under the shelf.

Key Figures

Rights Plan extension: through June 30, 2029 Ownership change threshold: more than 50 percent Testing period: three years +1 more

4 metrics

Rights Plan extension through June 30, 2029 Section 382 Rights Agreement amendment

Ownership change threshold more than 50 percent Cumulative increase by 5 percent stockholders over three years

Testing period three years Rolling period for Section 382 ownership change test

5 percent stockholders 5 percent Holders counted in Section 382 ownership change calculation

Historical Context

5 past events · Latest: Jun 18 (Positive)

Pattern 5 events

Date	Event	Sentiment	24h Move	Catalyst
Jun 18	Fuel supply LOI	Positive	+8.3%	Non-binding LOI to supply HALEU fuel for Oklo’s Ohio power campus.
May 05	Q1 2026 earnings	Positive	+12.3%	Q1 beat with raised 2026 revenue guidance and strong long-term backlog disclosure.
Apr 23	Earnings call notice	Neutral	-6.3%	Announcement of upcoming webcast and timing for Q1 2026 earnings release.
Apr 20	Plant expansion buildout	Positive	-2.0%	Selection of construction contractor for multi‑billion‑dollar uranium enrichment expansion.
Mar 12	Palantir partnership	Positive	+7.2%	Partnership with Palantir to drive cost savings in enrichment capacity expansion.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

The stock has often reacted positively to major contracts, partnerships, and earnings upgrades, with occasional divergences on expansion and routine announcements.

Key Terms

section 382 rights agreement, rights plan, net operating loss carryforwards, section 382, +2 more

6 terms

section 382 rights agreement regulatory

"it had entered into the seventh amendment to the Company's Section 382 Rights Agreement"

A Section 382 rights agreement is a legal tool companies use to protect valuable tax attributes—like net operating loss carryforwards and tax credits—when ownership changes. Think of it as a lock-and-key arrangement that either discourages sudden takeovers or issues special rights to new investors so the company’s previously earned tax benefits aren’t wiped out; for investors, it affects the after-tax value of future profits and can influence deal pricing and takeover incentives.

rights plan regulatory

"The seventh amendment extends the Rights Plan through June 30, 2029."

A rights plan is a board-authorized mechanism that gives existing shareholders the right to buy additional shares at a discount if a single investor accumulates a large stake, making an unwanted takeover much more costly and diluting the buyer’s control. It matters to investors because it can protect a company’s long-term strategy from hostile bids but also can reduce the chance of a takeover premium or dilute share value, so shareholders should assess whether the plan serves their interests—think of it as a rule that makes a sudden purchase of a house much harder and more expensive for an aggressive buyer.

net operating loss carryforwards financial

"preserve the Company's substantial tax assets associated with net operating loss carryforwards"

Net operating loss carryforwards are tax rules that let a company apply past operating losses against future taxable profits, reducing the amount of tax it must pay when it returns to profitability. Think of it like a negative balance in a tax ledger that can be used to lower future tax bills, improving after-tax cash flow and earnings; investors track the size, expiration rules and any limits because they affect valuation and future cash available to the business.

section 382 regulatory

"net operating loss carryforwards ("NOLs") under Section 382 of the Internal Revenue Code"

Section 382 is a U.S. tax rule that limits how much of a company’s past tax losses and other tax attributes can be used to offset future taxable income after the company experiences an ownership change. For investors, it matters because a takeover or large shift in ownership can sharply reduce the tax value of those losses—think of it as a speed limit on how quickly a new owner can use prior losses to lower future taxes, which affects after‑tax earnings and company valuation.

ownership change regulatory

"the Company's use of certain tax assets could be substantially limited if the Company experiences an "ownership change""

An ownership change is when the pattern of who controls a company shifts significantly, such as when large blocks of shares are bought or a new group gains majority voting power—think of it as handing the steering wheel to a different driver. It matters to investors because new owners can change strategy, management, dividend policy or risk profile, and such shifts can trigger regulatory filings, tax rules, or forced stock buybacks that affect share value and future returns.

5 percent stockholders regulatory

"occurs if the ownership of the Company's stock by "5 percent stockholders" increases"

Shareholders who each own five percent or more of a company's voting stock. Because they hold a large slice of the vote—like a few people owning key seats at a boardroom table—they can influence company decisions, push for strategic changes, or signal confidence or concern to the market. Their positions must usually be publicly disclosed, so movements by 5 percent stockholders are watched by investors as potential catalysts for price or governance change.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

BETHESDA, Md., June 18, 2026 /PRNewswire/ -- Centrus Energy Corp. (NYSE American: LEU) (the "Company") announced today that after obtaining the approval of stockholders at its 2026 annual meeting, held on June 18, 2026, it had entered into the seventh amendment to the Company's Section 382 Rights Agreement (the "Rights Plan") designed to preserve the Company's substantial tax assets associated with net operating loss carryforwards ("NOLs") under Section 382 of the Internal Revenue Code ("Section 382"). The seventh amendment extends the Rights Plan through June 30, 2029. The Rights Plan is similar to plans adopted by other public companies with significant NOLs.

Pursuant to U.S. federal income tax rules, the Company's use of certain tax assets could be substantially limited if the Company experiences an "ownership change" (as defined in Section 382). In general, an ownership change occurs if the ownership of the Company's stock by "5 percent stockholders" increases by more than 50 percent over the lowest percentage owned by such stockholders at any time during the prior three years on a rolling basis.

For additional details regarding the amendment to the Rights Plan, please see the Company's forthcoming Current Report on Form 8-K and amendment to Registration Statement on Form 8-A to be filed with the Securities and Exchange Commission.

About Centrus Energy Corp.

Centrus Energy is a trusted American supplier of nuclear fuel and services for the nuclear power industry, helping meet the growing need for clean, affordable, carbon-free energy. Since 1998, the Company has provided its utility customers with more than 1,850 reactor years of fuel, which is equivalent to more than 7 billion tons of coal.

With world-class technical and engineering capabilities, Centrus is pioneering production of High-Assay, Low-Enriched Uranium and is leading the effort to restore America's uranium enrichment capabilities at scale so that we can meet our clean energy, energy security, and national security needs. Find out more at www.centrusenergy.com or follow us on LinkedIn and X.

Contacts:

Media -- Dan Leistikow

LeistikowD@centrusenergy.com

Investors -- Neal Nagarajan

NagarajanNK@centrusenergy.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/centrus-energy-corp-announces-extension-of-section-382-rights-agreement-302804888.html

SOURCE Centrus Energy Corp.

FAQ

What did Centrus Energy (LEU) announce about its Section 382 Rights Agreement on June 18, 2026?

Centrus Energy announced a seventh amendment to its Section 382 Rights Agreement, extending the plan through June 30, 2029. According to Centrus Energy, the Rights Plan is designed to help preserve substantial tax assets tied to net operating loss carryforwards.

Why did Centrus Energy (LEU) extend its Section 382 Rights Agreement to 2029?

Centrus Energy extended its Section 382 Rights Agreement to help preserve substantial tax assets linked to net operating loss carryforwards. According to Centrus Energy, U.S. tax rules could substantially limit use of these assets if the company experiences an ownership change under Section 382.

How long will the Centrus Energy (LEU) Section 382 Rights Plan now remain in effect?

The Centrus Energy Section 382 Rights Plan will now remain in effect through June 30, 2029. According to Centrus Energy, this extension follows stockholder approval at the 2026 annual meeting and is intended to support preservation of significant NOL-related tax assets under Section 382.

How does Section 382 ownership change affect Centrus Energy (LEU) tax assets?

An ownership change under Section 382 could substantially limit Centrus Energy’s use of certain tax assets. According to Centrus Energy, an ownership change generally occurs if 5 percent stockholders increase their ownership by more than 50 percent over the lowest level in the prior three years.

What is the purpose of the Centrus Energy (LEU) Section 382 Rights Plan?

The Centrus Energy Section 382 Rights Plan is designed to help preserve substantial tax assets from net operating loss carryforwards. According to Centrus Energy, these assets could be substantially limited if an ownership change, as defined by Section 382 of the Internal Revenue Code, occurs.

Where can investors find more details on the Centrus Energy (LEU) Rights Plan amendment?

Investors can find more details in Centrus Energy’s forthcoming Form 8-K and amended Form 8-A filings. According to Centrus Energy, these documents regarding the seventh amendment to the Section 382 Rights Agreement will be filed with the U.S. Securities and Exchange Commission.