Centrus Energy Extends Rights Agreement to Protect Tax Assets

By Tamara Parker • Saturday, June 20 13:09 • Permanent Link

Centrus Energy Corp. extended its Section 382 Rights Agreement through June 30, 2029, after stockholders approved the move at the company’s 2026 annual meeting on June 18.

The extension adds three years to the prior plan and is intended to protect Centrus’ net operating loss carryforwards and other tax assets from being limited under Section 382 if the company were to experience an ownership change.

Centrus said the plan is designed around the rule that an ownership change can occur if stock ownership by 5% stockholders rises by more than 50% over the lowest level held during the prior three years on a rolling basis.

The company said the rights plan is similar to those used by other public companies with large NOL balances. As a result of these announcements, the company's shares have moved 12.38% on the market, and are now trading at a price of $191.39. For the full picture, make sure to review CENTRUS ENERGY CORP's 8-K report.

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