SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of July, 2024
Commission File Number 1-34129
CENTRAIS ELÉTRICAS BRASILEIRAS S.A.
- ELETROBRÁS
(Exact name of registrant as specified in its
charter)
BRAZILIAN ELECTRIC POWER COMPANY
(Translation of Registrant's name into English)
Rua da Quitanda, 196 – 24th floor,
Centro, CEP 20091-005,
Rio de Janeiro, RJ, Brazil
(Address of principal executive office)
Indicate by check mark whether the registrant
files or will file annual reports under cover Form 20-F or Form 40-F.
Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant
by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule
12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No___X____
Pricing of the secondary follow-on offering
of preferred shares issued by CTEEP
Rio de Janeiro, July 18, 2024, Centrais
Elétricas Brasileiras S/A – Eletrobras (“Eletrobras”), as selling shareholder, informs its shareholders
and the market in general that, further to its Form 6-K furnished to the U.S. Securities and Exchange Commission (“SEC”) on
July 12, 2024, it has priced the secondary follow-on offering of 93,000,000 preferred shares issued by CTEEP – Companhia de Transmissão
de Energia Elétrica Paulista (“CTEEP”) held by Eletrobras (considering the Additional Shares, as defined below)
(the “Shares”). This offering was made to professional investors in Brazil and with placement efforts outside of Brazil
without registration under the U.S. Securities Act of 1933, as amended (the “Securities Act” and the “Offering”,
respectively). The price per Share was set at R$23.50, resulting in an aggregate amount of R$2,185,500,000.00.
Eletrobras jointly with the offering coordinators
decided to exercise the overlottment option and increase the total number of Shares, representing 33,000,000 additional shares issued
by CTEEP held by Eletrobras under the same conditions and at the same price as the Shares initially offered (the “Additional
Shares”). The Additional Shares were allocated to accommodate the excess demand identified in the bookbuilding process.
There will be no stabilization of the price
of the Shares after the settlement of the Offering and, consequently, the price of the Shares on the B3 S.A. - Brasil, Bolsa, Balcão
(the “B3”) may fluctuate significantly after the placement of the Shares.
Delivery of the Shares will be made in
Brazil through the B3 Central Depository (Central Depositária da B3) and is expected to occur on or about July 23, 2024.
The information contained herein is for
informational purposes and should not, under any circumstances, be considered as, nor constitute, an investment recommendation or an offer
to sell, an advertisement of a public offering, a solicitation or offer to buy securities issued by CTEEP (including the Shares) in Brazil,
in the United States, or any other jurisdiction, in accordance with applicable legislation in force. Any information contained herein
should not be taken, transmitted, disclosed, distributed, or disseminated, directly or indirectly, in the United States or any other jurisdiction.
No securities may be offered, sold, pledged or otherwise transferred in the United States or to U.S. investors without registration or
an exemption from registration under the Securities Act.
Eduardo Haiama
Vice-President of Finance and Investor Relations
This document may contain estimates and projections
that are not statements of fact that have occurred in the past, but reflect the beliefs and expectations of our management and may constitute
estimates and projections about future events within the meaning of Section 27A of the Securities Act of 1933, as amended, and
Section 21E of the Securities and Exchange Act of 1934, as amended. The words "believes", "may", "may",
"estimates", "continues", "anticipates", "intends", "expects" and the like are intended
to identify estimates that necessarily involve risks and uncertainties, whether known or not. Known risks and uncertainties include, but
are not limited to: general economic, regulatory, political and commercial conditions in Brazil and abroad, variations in interest rates,
inflation and the value of the Brazilian Real, changes in volumes and patterns of consumer use of electricity, competitive conditions,
our level of indebtedness, the possibility of receiving payments related to our receivables, changes in rainfall and water levels in the
reservoirs used to operate our hydroelectric plants, our financing and capital investment plans, existing and future government regulations,
and other risks described in our annual report and other documents filed with the SEC. Estimates and projections speak only as of the
date on which they were expressed and we undertake no obligation to update any such estimates or projections due to the occurrence of
new information or upcoming events. The future results of the Companies' operations and initiatives may differ from current expectations
and the investor should not rely solely on the information contained herein. This material contains calculations that may not reflect
accurate results due to rounding performed.
SIGNATURE
Pursuant to the requirements of the
Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto
duly authorized.
Date: July 19, 2024
CENTRAIS ELÉTRICAS BRASILEIRAS S.A. - ELETROBRÁS |
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By: |
/S/ Eduardo Haiama
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Eduardo Haiama
Vice-President of Finance and Investor Relations |
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FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements.
These statements are statements that are not historical facts, and are based on management's current view and estimates offuture
economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes",
"estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended
to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal
operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends
affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect
the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected
events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic
and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual
results to differ materially from current expectations.
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