Centrus Energy Corp. has amended its Section 382 Rights Agreement to extend its expiration date by three years. The amendment, approved by stockholders, is designed to preserve the company's substantial net operating loss (NOL) carryforwards for tax purposes. The company also announced the appointment of a new principal accounting officer.
Key Details
- Rights Plan Extension: The expiration date of the shareholder rights plan has been extended from June 30, 2026, to June 30, 2029.
- Price Amendment: The purchase price under the plan was increased from $160.38 to $1,143.95 per fractional share, reflecting the increase in the company's stock price.
- Management Update: Yanhong Dai was appointed to serve as the company’s principal accounting officer, effective June 18, 2026, with an annual base salary of $250,000.