Brisanet Serviços de Telecomunicações (BRST3) reported in a material fact on Friday, September 11, 2026, that B3 has authorized the company to keep its free float (minimum percentage of shares in circulation) at a level no lower than 18.95% of its share capital until December 31, 2027, by which time it must once again comply with the minimum percentage set out in the Novo Mercado Rules.
According to the statement, the authorization stems from a request submitted by Brisanet on June 23, 2026, to extend the exceptional treatment related to meeting the minimum free float requirement, and was partially granted through an official letter sent by B3 on September 8, 2026.
The maintenance of the reduced free float was conditioned on meeting commitments aimed at increasing the liquidity of the company’s shares and strengthening transparency practices, corporate governance and investor relations.
Among the requirements are the maintenance of mechanisms to support the trading of shares, the periodic implementation of initiatives to engage with investors and analysts, the enhancement of market disclosure practices, the adoption of guidelines to promote diversity in management, and the amendment, by April 30, 2027, of a specific provision in the bylaws to align minority shareholders’ rights with the Novo Mercado Rules.
