Eletrobrás (NYSE: EBR) holders back A1 preferred-to-common swap

Rhea-AI Filing Summary

Centrais Elétricas Brasileiras S.A. (Eletrobrás) reports that class A1 preferred shareholders approved converting all PNA1 preferred shares into common shares (ON) at a ratio of 1.1 common share for each 1 PNA1 share, under Article 136, paragraph 1 of the Brazilian Corporation Law.

At the special meeting of class A1 preferred shareholders to be held on 04.01.2026, distance voting results show 62,484 votes in favor, 610 against, and 3 abstentions or blanks.

Key Figures

Conversion ratio: 1.1 common shares per 1 PNA1 share Votes in favor: 62,484 votes Votes against: 610 votes +1 more

4 metrics

Conversion ratio 1.1 common shares per 1 PNA1 share Class A1 preferred share conversion into common shares (ON)

Votes in favor 62,484 votes Distance voting on conversion of class A1 preferred shares

Votes against 610 votes Distance voting on conversion of class A1 preferred shares

Abstain and blanks 3 votes Distance voting on conversion of class A1 preferred shares

Key Terms

Brazilian Corporation Law, class A1 preferred shares, common shares (ON), forward-looking statements, +1 more

5 terms

Brazilian Corporation Law regulatory

"Pursuant to and for the purposes of Article 136, paragraph 1, of the Brazilian Corporation Law"

class A1 preferred shares financial

"the approval of the conversion of all class A1 preferred shares issued by the Company"

common shares (ON) financial

"at a ratio of 1.1 common shares (ON) for each 1 PNA1 share"

forward-looking statements regulatory

"This document may contain estimates and projections ... and may constitute forward-looking statements"

Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.

distance voting map regulatory

"CONSOLIDATED DISTANCE VOTING MAP Special Meeting of Class "A1" Preferred Shareholders"

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FAQ

What did Eletrobrás (EBR) shareholders approve regarding class A1 preferred shares?

Eletrobrás class A1 preferred shareholders approved converting all PNA1 preferred shares into common shares. The conversion uses a fixed ratio of 1.1 common share (ON) for each 1 PNA1 share, changing the capital structure and aligning these investors with common shareholders.

What is the conversion ratio for Eletrobrás (EBR) PNA1 preferred shares?

Each PNA1 preferred share will be converted into 1.1 common shares (ON). This means holders receive slightly more than one common share per preferred share, increasing their number of common shares and unifying their stake into the common equity class.

How did Eletrobrás (EBR) class A1 shareholders vote on the conversion?

Distance voting results show 62,484 votes in favor, 610 against, and 3 abstentions or blanks. This strong approval supports converting all class A1 preferred shares into common shares at the 1.1-for-1 exchange ratio described in the meeting documentation.

Under which legal framework was the Eletrobrás (EBR) share conversion approved?

The conversion was approved pursuant to Article 136, paragraph 1, of the Brazilian Corporation Law. This article governs certain corporate decisions requiring specific shareholder approvals, providing the legal basis for converting all class A1 preferred shares into common shares at the stated ratio.

When is the Eletrobrás (EBR) special meeting of class A1 preferred shareholders scheduled?

The special meeting of class A1 preferred shareholders is scheduled for 04.01.2026. The consolidated distance voting map summarizes how these shareholders voted in advance on the proposal to convert all PNA1 preferred shares into common shares at the 1.1-for-1 ratio.

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____

F C Resolutions For Against Abstain and Blanks 1 Pursuant to and for the purposes of Article 136, paragraph 1, of the Brazilian Corporation Law,the approval of the conversion of all class A1 preferred shares issued by the Company (PNA1 andPNA1 Conversion, respectively), at a ratio of 1.1 common shares (ON) for each 1 PNA1 share. 62.484 610 3 CNPJ: 00.001.180/0001-26 CENTRAIS ELÉTRICAS BRASILEIRAS CONSOLIDATED DISTANCE VOTING MAP Special Meeting of Class "A1" Preferred Shareholders to be held on 04.01.2026 # Classificação: Pública 1 

 

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 31, 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.