On Wednesday, July 15, 2026, Light (LIGT3), which is under court-supervised reorganization, announced it will start, on July 16, 2026, the 30-day period for the exercise of 476,947,536 subscription warrants (ticker LIGT13), issued as part of the company’s private capital increase, at an exercise price of R$ 0.01 per share, payable in cash.
Each subscription warrant entitles its holder to acquire 1 common, registered, book-entry, no-par-value share of Light. The exercise may be carried out in full or in part, at the holder’s discretion, until August 14, 2026. After this deadline, any unexercised warrants will be automatically extinguished by operation of law.
Warrants exercised between July 16 and 22, 2026 will be ratified at a meeting of the board of directors to be convened by the company, and warrants exercised from July 23, 2026 through the end of the exercise period will be ratified at a new board meeting after the deadline. The shares arising from each ratification will be credited to the holders within up to three business days after the respective meeting.
The shares issued upon exercise of the warrants will have the same rights as the existing shares, including entitlement to any dividends and interest on equity (Juros sobre Capital Próprio) declared after the date of each ratification. These shares will be subject to a trading restriction period (lock-up), with gradual release: 0% in the 1st month, 15% in the 6th month, 30% in the 12th month, 45% in the 18th month, 60% in the 24th month, and 100% in the 30th month, counted from the date of each ratification.
Holders whose warrants are held in custody at B3 must exercise their rights through their custodian agents, following the procedures of B3’s Central Depositary. Investors whose warrants are held in custody at Banco Bradesco, as registrar, must go to a branch of the bank within the exercise period, present the required documentation, fill out and sign the subscription form, and pay the exercise price in Brazilian currency.
