Eletrobras (AXIA) converts 19,766,499 ISA Energia common into preferred

Rhea-AI Filing Summary

Centrais Elétricas Brasileiras S.A. – Eletrobras, also referred to as AXIA Energia, reports a corporate restructuring move involving its stake in ISA Energia Brasil S.A. The company requested and obtained approval from ISA Energia’s board to convert 19,766,499 common shares it holds in ISA Energia into preferred shares.

The conversion uses a 1-to-1 ratio, with one preferred share issued for each common share, as allowed by ISA Energia’s by-laws. Management states that this transaction supports AXIA Energia’s goals of optimizing minority shareholdings, maintaining capital discipline, and simplifying its corporate structure.

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the

Securities Exchange Act of 1934

For the month of March, 2026

Commission File Number 1-34129

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS

(Exact name of registrant as specified in its charter)

BRAZILIAN ELECTRIC POWER COMPANY

(Translation of Registrant's name into English)

Rua da Quitanda, 196 – 24th floor,
Centro, CEP 20091-005,
Rio de Janeiro, RJ, Brazil

(Address of principal executive office)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. 

Form 20-F ___X___ Form 40-F _______

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes _______ No___X____

 Conversion of common shares into preferred shares held by ISA Energia Brasil Rio de Janeiro, March 19, 2026 – Centrais Elétricas Brasileiras S.A. – Eletrobras (“Company” or “AXIA Energia”) hereby informs that requested and obtained approval from the Board of Directors of ISA Energia Brasil S.A. – ISA Energia for the conversion of 19,766,499 common shares issued by ISA Energia into preferred shares, based on a conversion ratio of 1 preferred share for each 1 common share, as provided for in the By-Laws of ISA Energia. The transaction reinforces AXIA Energia’s commitment to the optimization of minority shareholdings, capital discipline, and the simplification of its corporate structure. Eduardo Haiama Vice President of Finance and Investor Relations

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: March 19, 2026

CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS
By:	/S/ Eduardo Haiama
	Eduardo Haiama Vice-President of Finance and Investor Relations

FORWARD-LOOKING STATEMENTS

This document may contain estimates and projections that are not statements of past events but reflect our management’s beliefs and expectations and may constitute forward-looking statements under Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities and Exchange Act of 1934, as amended. The words “believes”, “may”, “can”, “estimates”, “continues”, “anticipates”, “intends”, “expects”, and similar expressions are intended to identify estimates that necessarily involve known and unknown risks and uncertainties. Known risks and uncertainties include, but are not limited to: general economic, regulatory, political, and business conditions in Brazil and abroad; fluctuations in interest rates, inflation, and the value of the Brazilian Real; changes in consumer electricity usage patterns and volumes; competitive conditions; our level of indebtedness; the possibility of receiving payments related to our receivables; changes in rainfall and water levels in reservoirs used to operate our hydroelectric plants; our financing and capital investment plans; existing and future government regulations; and other risks described in our annual report and other documents filed with the CVM and SEC. Estimates and projections refer only to the date they were expressed, and we do not assume any obligation to update any of these estimates or projections due to new information or future events. Future results of the Company’s operations and initiatives may differ from current expectations, and investors should not rely solely on the information contained herein. This material contains calculations that may not reflect precise results due to rounding.

FAQ

What corporate action did Eletrobras (AXIA) announce involving ISA Energia Brasil?

Eletrobras announced the conversion of 19,766,499 common shares of ISA Energia Brasil into preferred shares. The change is part of a corporate structure review and follows approval from ISA Energia’s board, aligning with provisions in ISA Energia’s by-laws.

How many ISA Energia Brasil shares are affected in the Eletrobras (AXIA) 6-K?

The filing states that 19,766,499 common shares of ISA Energia Brasil held by Eletrobras will be converted into preferred shares. This entire amount is converted on a one-for-one basis, meaning each common share becomes one preferred share under the approved terms.

What is the conversion ratio for Eletrobras (AXIA) shares in ISA Energia Brasil?

The conversion ratio is one preferred share for each one common share of ISA Energia Brasil. This 1:1 ratio is explicitly provided for in ISA Energia’s by-laws and was approved by its Board of Directors before the transaction proceeded.

Why is Eletrobras (AXIA) converting ISA Energia Brasil common shares into preferred shares?

Eletrobras explains that the conversion supports its commitment to optimizing minority shareholdings, reinforcing capital discipline, and simplifying its corporate structure. The move is framed as part of broader efforts to streamline how it holds and manages minority equity positions.

Who approved the share conversion described in the Eletrobras (AXIA) 6-K filing?

The Board of Directors of ISA Energia Brasil S.A. approved the conversion of 19,766,499 common shares into preferred shares. Eletrobras requested this approval in line with ISA Energia’s by-laws before executing the corporate restructuring step within its minority shareholdings.

Does the Eletrobras (AXIA) 6-K include forward-looking statements?

Yes, the document includes a forward-looking statements section noting that some estimates and projections reflect management’s expectations. It highlights risks such as economic conditions, regulation, interest rates, rainfall, and other factors that could cause actual results to differ materially.