Company: LEU
Filing Date: 2025-11-06
Form Type: 424B5
Source: 0001104659-25-107429
Chunk: 41

Company: CENTRUS ENERGY CORP
Filing Date: 2025-11-06
Form: 424B5
Chunk 41
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 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

On April 6, 2016, Centrus
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 $160.38 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’s
common stock, or if a person or group that already owned 4.99% or more of the Company’s Class A Common Stock when the rights
plan was initially adopted acquires additional shares representing 0.5% or more of the outstanding shares of the Company’s Class A
Common Stock. The rights beneficially owned by the acquirer would become null and void, resulting in significant dilution in the ownership
interest of such acquirer.

The Board may exempt any acquisition
of the Company’s common stock from the provisions of the Rights Agreement if it determines that doing so would not jeopardize or
endanger the Company’s use of its tax assets or is otherwise in the best interests of the Company. The Board also has the ability
to amend