Centrus Energy Corp. said it 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 company said the seventh amendment to the rights plan is designed to protect its tax assets tied to net operating loss carryforwards. The extension pushes the agreement’s life out by several years from its prior term.
Centrus said the plan is intended to help preserve tax assets that could be restricted if the company were to experience an ownership change under Section 382 of the Internal Revenue Code. The company described the ownership-change threshold as a more-than-50% increase in holdings by 5% stockholders over the lowest level seen during the prior three years.
Separately, Centrus said it has supplied utility customers with more than 1,850 reactor years of fuel since 1998, equivalent to more than 7 billion tons of coal. The market has reacted to these announcements by moving the company's shares 12.38% to a price of $191.39. If you want to know more, read the company's complete 8-K report here.
