Company: LEU
Filing Date: 2025-05-09
Form Type: 424B5
Source: 0001104659-25-046715
Chunk: 34

Company: CENTRUS ENERGY CORP
Filing Date: 2025-05-09
Form: 424B5
Chunk 34
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Section 203 of the DGCL
defines “business combination” to include: (i) any merger or consolidation involving the corporation and the interested
stockholder; (ii) any sale, transfer, pledge or other disposition of 10% or more of the assets of the corporation involving the
interested stockholder; (iii) subject to certain exceptions, any transaction that results in the issuance or transfer by the corporation
of any stock of the corporation to the interested stockholder; (iv) any transaction involving the corporation that has the effect
of increasing the proportionate share of the stock of any class or series of the corporation beneficially owned by the interested stockholder;
or (v) the receipt by the interested stockholder of the benefit of any loans, advances, guarantees, pledges or other financial benefits
provided by or through the corporation. In general, Section 203 of the DGCL defines an “interested stockholder” as any
entity or person beneficially owning 15% or more of the outstanding voting stock of the corporation and any entity or person affiliated
with or controlling or controlled by such entity or person.

Rights to Acquire Series A Participating Cumulative Preferred Stock

Centrus has adopted a Section 382
stockholders rights plan and declared a dividend distribution of one right for each outstanding share of our common stock to stockholders
of record on April 6, 2016. Each right entitles its holder, under the circumstances described below, to purchase from us one one-thousandth
of a share of our Series A Participating Cumulative Preferred Stock, par value $1.00 per share, at an exercise price of $18.00 per
right, subject to adjustment. The terms of the rights are set forth in a Section 382 Rights Agreement between us, Computershare, Inc.
and Computershare Trust Company, N.A., as amended (the “Rights Agreement”).

The rights plan is intended
to act as a deterrent to any person or group, together with its affiliates and associates, being or becoming the beneficial owner of
4.99% or more of common stock, with certain exceptions. The rights initially trade together with the common stock and are not exercisable.
In the absence of further action by the Board, the rights would generally become exercisable and allow a holder to acquire shares of
a new series of the Company’s preferred stock if any person or group acquires 4.99% or more of the outstanding shares of the Company