Readystate Asset Management, LP reached, on August 12, 2026, a stake equivalent to 10.5% of the share capital of Azul S.A. (AZUL3), through the acquisition of 2,000,000 American Depositary Shares (ADS), each representing 2 common shares of the company.
With the transaction, Readystate came to hold 19,319,161 ADS, equivalent to approximately 10.5% of Azul’s share capital, in the capacity of investment manager for some of its clients.
In addition to the ADS, the investor holds, on the same date, 969,337 subscription warrants issued by Azul and states that it does not hold any other securities of the company, nor derivative instruments, with physical or cash settlement, referenced to the company’s shares.
Readystate also reported that the purpose of the acquisition is strictly investment, that it does not target any specific amount of Azul securities, does not intend to change the composition of control or the management structure of the company, and has not entered into contracts or agreements governing the exercise of voting rights or the purchase and sale of the company’s securities.
