Centrus Energy Corp. said it has extended its Section 382 Rights Agreement through June 30, 2029, following stockholder approval at its 2026 annual meeting on June 18.
The move pushes out the company’s tax-protection plan by three years. Centrus said the agreement is designed to help preserve its net operating loss carryforwards and other tax assets under Section 382 of the Internal Revenue Code. The company said an ownership change could limit use of those tax assets if stock ownership by 5% holders rises by more than 50% over the lowest level seen during the prior three years.
The extension was approved as the seventh amendment to the Rights Plan. Centrus did not disclose any change in the size of its tax assets, but said the plan remains in place to protect them.
Centrus also highlighted its operating history, saying it has provided utility customers with more than 1,850 reactor years of fuel since 1998, equivalent to more than 7 billion tons of coal. Following these announcements, the company's shares moved 12.38%, and are now trading at a price of $191.39. For more information, read the company's full 8-K submission here.
