AXIA Energia (EBR) withdraws ADS listing on NYSE under Form 25
Filing Impact
Filing Sentiment
Form Type
25-NSE
Rhea-AI Filing Summary
AXIA Energia S.A. notified removal of its American Depositary Shares, each representing one Preferred Class B1 Share from listing and/or registration on the New York Stock Exchange. The Exchange and the issuer each certified compliance with the procedures of 17 CFR 240.12d2-2 governing voluntary withdrawal.
Positive
- None.
Negative
- None.
Key Figures
Commission File Number: 001-34129
Security class: American Depositary Shares (Preferred Class B1)
Document expiration reference: March 31, 2018
3 metrics
Commission File Number
001-34129
Form 25 cover identification
Security class
American Depositary Shares (Preferred Class B1)
Class being removed from listing/registration
Document expiration reference
March 31, 2018
Header expiration date shown in the excerpt
Key Terms
Form 25, American Depositary Shares, 17 CFR 240.12d2-2
3 terms
Form 25 regulatory
"FORM 25 NOTIFICATION OF REMOVAL FROM LISTING"
A Form 25 is an official filing with the U.S. Securities and Exchange Commission used to remove a company's stock or other security from a national exchange list. Investors should care because delisting often means less visibility, lower trading volume and wider price swings—similar to a product moving from a major supermarket to a small local market, which can make buying, selling and valuing the security more difficult.
17 CFR 240.12d2-2 regulatory
"Pursuant to 17 CFR 240.12d2-2(b) ... 17 CFR 240.12d-2(c)"
A U.S. Securities and Exchange Commission rule that describes the conditions and procedural steps for a security to be removed from public registration or reporting under the Securities Exchange Act of 1934. For investors, it matters because it explains when a company’s shares can stop being subject to regular disclosure and exchange listing rules — similar to knowing when a publicly tracked product will be discontinued and no longer send updates, which affects transparency and liquidity.
FAQ
What does AXIA Energia S.A. filing Form 25 mean for EBR?
It means the company's American Depositary Shares representing Preferred Class B1 Shares are being removed from NYSE listing. The filing certifies that both the Exchange and issuer complied with the procedures in 17 CFR 240.12d2-2 for voluntary withdrawal.
Who certified the removal of AXIA Energia S.A.'s securities from the NYSE?
The New York Stock Exchange LLC certified the Form 25 filing and stated it has reasonable grounds to believe it met requirements for removal. The filing is signed by an Exchange representative, Tyler Mastronardi, Analyst, Market Watch.
Which class of AXIA Energia S.A. securities is affected by the Form 25?
The affected class is the company's American Depositary Shares, each representing one Preferred Class B1 Share. The Form 25 explicitly identifies that ADS class as the security being withdrawn from listing and/or registration.
What regulatory rule is cited in the Form 25 for the withdrawal?
The filing cites 17 CFR 240.12d2-2 (subsections (a)(1)-(4), (b) and (c)) as the governing rule. The Exchange and issuer state they complied with the rule's procedures for striking the class from listing and withdrawing registration.
Is there a date associated with this Form 25 filing for AXIA Energia S.A.?
The document header shows an expiration reference of March 31, 2018 and lists Commission File Number 001-34129. The filing text does not state any additional effective or withdrawal date in the provided excerpt.