Centrus Energy Extends Tax-Asset Protection Plan

By Ahmed Jamerson • Sunday, June 21 16:08 • Permanent Link

Centrus Energy Corp. said it extended its Section 382 Rights Agreement through June 30, 2029, following stockholder approval at its annual meeting on June 18, 2026.

The seventh amendment pushes out the company’s tax-asset protection plan by three years from the new end date, with the agreement designed to help preserve net operating loss carryforwards under Section 382 of the Internal Revenue Code.

The company said the plan is intended to limit the risk that an ownership change could reduce use of those tax assets. It defined an ownership change as a more than 50% increase in ownership by 5% stockholders over the lowest level held during the prior three years on a rolling basis.

Centrus also highlighted the scale of its business, 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. Check out the company's full 8-K submission here.

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