On Thursday, August 20, 2026, Light (LIGT3), which is under court-supervised reorganization, approved at a Board of Directors meeting a share capital increase of R$ 8,730.66 in 2026, through the issuance of 873,066 new common shares at a price of R$ 0.01 per share, resulting from the exercise of subscription warrants between July 23 and August 14, 2026.
With the increase, Light’s share capital rose from R$ 8,641,832,443.54, divided into 1,609,809,601 common shares, to R$ 8,641,841,174.20, divided into 1,610,682,667 common shares, all registered, book-entry, and with no par value.
According to the company, the capital increase results from the exercise of subscription warrants issued as an additional benefit in the private capital increase approved on May 14, 2026. Management states that, apart from dilution for shareholders who did not exercise preemptive rights in that private increase, no other material legal or economic consequences are expected.
The purpose of the capital increase is to meet obligations set out in Clause 5 of Light’s court-supervised reorganization plan, approved at the General Creditors’ Meeting on May 29, 2024 and ratified by the 3rd Corporate Court of Rio de Janeiro on June 18, 2024.
The new shares will carry the same rights as the current ones, including dividends and interest on equity (JCP), and will be subject to a lock-up period, with gradual release: 15% of the shares on 02/20/2027, 30% on 08/20/2027, 45% on 02/20/2028, 60% on 08/20/2028, and 100% on 02/20/2029.
