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AXIA Energia S.A. filings document the disclosure record of a Brazilian electric power company that reports to the SEC as a foreign private issuer. Its Form 6-K reports and Form 20-F annual reporting cover IFRS and regulatory results, generation and transmission segment performance, energy trading, investments and expansion projects, indebtedness, cash flow, taxes, ESG disclosures and reconciliations between IFRS and regulatory measures.
The filings also document governance and capital-structure matters, including advisory committee regulations, risk management and internal-control policies, Novo Mercado-related share-conversion matters, appraisal rights, corporate dispute updates, material agreements and shareholder communications under Brazilian and U.S. reporting frameworks.
AXIA Energia S.A. director Pedro Batista de Lima Filho filed a Form 4 showing net open-market sales of 504,000 shares of AXIA securities on May 27, 2026 through managed accounts. The transactions include sales of Class “B1” preferred shares at $11.07 per share and common shares at $10.06 per share.
The filing attributes these trades to investment vehicles such as MALIKO INVESTMENTS LLC and several Brazilian funds managed by Radar Gestora de Recursos, where Mr. Filho is a partner and receives performance-based compensation. Footnotes state that both Mr. Filho and the funds disclaim beneficial ownership beyond their economic interest.
After these trades, the managed accounts continue to hold sizeable positions, including 15,127,400 Class “B1” preferred shares and 1,474,400 common shares in certain accounts, plus 51,115 common shares held directly. Reported prices are weighted averages in Brazilian reals (BRL), converted to U.S. dollars using a 5.2540 BRL per USD exchange rate.
AXIA Energia S.A. and its regional subsidiaries AXIA Energia Norte, Nordeste, and Sul report that they have filed their 2025 fiscal year Reference Forms with the Brazilian Securities and Exchange Commission (CVM).
The forms are available on the company’s investor relations website and on the CVM portal. The filing also reiterates the company’s standard caution about forward-looking statements, noting that projections involve economic, regulatory, and operational risks in Brazil and abroad.
Investment vehicles managed by Radar Gestora, with AXIA Energia S.A. director Pedro Batista de Lima Filho as a partner, reported open-market sales of a net 234,300 AXIA shares on Class "B1" Preferred Shares and Common Shares.
The sales were executed at weighted average prices of 54.35 BRL59.77 BRL5.2540 BRL per USD$10.34 and $11.38 per share. Following these trades, individual managed accounts still show substantial positions, including 4,498,777524,546
The footnotes state that entities such as Maliko Investments LLC, Manuka Investments LLC, and several Brazilian investment funds are portfolio-managed by Radar Gestora. Each entity and Mr. Filho disclaim beneficial ownership of the reported securities except to the extent of any pecuniary interest, emphasizing these are transactions by managed accounts rather than personal trades.
AXIA Energia S.A. reports a Brazilian federal appeals court decision affecting tariffs related to the Existing Basic Network (RBSE). The 7th Panel of the Federal Regional Court of the 1st Region partially granted appeals filed by industrial consumers and associations against the Federal Government and ANEEL over Ordinance No. 120/2016.
The court upheld the legality of including RBSE assets in the regulatory asset base and recovering them through tariffs. However, it declared null Paragraph 3 of Article 1 of the ordinance and ordered that amounts already paid as remuneration for the cost of equity (Ke) be reimbursed via future tariff adjustments to claimant consumers.
The court also granted interim relief suspending collection of the Ke-related tariff from the 2026/2027 tariff cycle for those claimants. AXIA Energia notes it is not a party to these proceedings but highlights that procedural law allows further appeals and states it will keep the market informed of relevant developments.
AXIA Energia S.A.-related investment vehicles managed by Radar Gestora reported open-market sales of a total of 714,500 shares of AXIA Energia stock on May 22, 2026. The trades involved both Class “B1” preferred and common shares and were executed through managed accounts.
These positions are held by entities such as Maliko, Manuka and several Brazilian investment funds, which are portfolio-managed by Radar Gestora. Director Pedro Batista de Lima Filho, a partner at Radar Gestora, may be deemed to indirectly benefit economically, but both he and the entities disclaim beneficial ownership beyond their pecuniary interest.
AXIA Energia S.A. director Pedro Batista de Lima Filho reported multiple open-market sales in accounts he is associated with through his role at Radar Gestora de Recursos Ltda. On May 20, 2026, managed accounts sold a combined 941,500 shares of AXIA Energia, including Class “B1” preferred and common shares.
Class “B1” preferred share sales included blocks of 10,400, 12,800, 12,900 and 43,700 shares at a reported price of $11.53 per share. Common share sales included blocks of 112,000, 138,700, 139,200 and 471,800 shares at $10.51 per share. Footnotes state these prices reflect weighted averages originally in Brazilian reals and converted to U.S. dollars using a 5.2540 BRL per USD exchange rate as of March 31, 2026.
The filing explains that the shares are held in managed accounts such as Maliko Investments LLC and several Brazilian investment funds overseen by Radar Gestora. Filho is a partner of Radar Gestora and receives performance-based compensation, and he and the related entities disclaim beneficial ownership of the reported securities except to the extent of their pecuniary interest.
AXIA Energia S.A. describes U.S. federal income tax consequences of its planned mandatory exchange of all Class B1 preferred ADSs into common ADSs at a 1.1-for-1 ratio, expected on or about June 10, 2026. The exchange is intended to be tax-free for U.S. Holders, except that cash paid instead of fractional common ADSs is generally taxable as capital gain or loss. The company explains that tax basis and holding periods in the new common ADSs should carry over from the preferred ADSs. It also outlines potential passive foreign investment company (PFIC) risks, backup withholding rules, and additional Form 8938 reporting obligations for U.S. investors holding specified foreign financial assets, and urges investors to consult their own tax advisors.
AXIA Energia S.A. reports that GQG Partners LLC now holds 101,904,924 common shares and American Depositary Receipts, representing 5.02% of AXIA Energia’s issued common shares. GQG describes this as a minority investment and states it does not intend to change the company’s control or management structure.
AXIA Energia S.A. reports that B3 has approved its migration to the Novo Mercado, Brazil’s highest corporate governance segment. After the move, the company will have only common shares (ON, ticker AXIA3) and Class C preferred shares (PNC, ticker AXIA7), which are convertible or redeemable in full by 2031.
Class A1 and B1 preferred shares will be converted into ON shares at a 1.1-for-1 ratio, and PNB1 ADRs will convert into ON ADRs at the same 1.1-for-1 ratio. The planned timeline starts with conversion on 06/05/2026, trading of the new ON shares on 06/08/2026, and crediting of ON shares to former PNA1 and PNB1 holders on 06/10/2026, subject to possible changes. Fractional ON shares will be aggregated, sold at auction, and the net proceeds distributed to affected shareholders. Management highlights this as a key step to simplify the capital structure, increase share liquidity, and strengthen governance practices.
AXIA Energia S.A. reports that B3 has approved its application to migrate to the Novo Mercado listing segment and will carry out a mandatory share and ADS exchange. All class “A1” and “B1” preferred shares will be converted into common shares at a ratio of 1.1 common share for each preferred share.
Holders of class “B1” ADSs will automatically receive common ADSs at a ratio of 1.1 common ADS for each “B1” ADS. Trading of preferred shares and ADSs will cease on June 5, 2026, with post-exchange common shares expected to start trading on June 8, 2026. Fractional shares and ADSs will be sold in aggregate, and net cash proceeds distributed to entitled holders.