Paranapanema (PMAM3), which is under court-supervised reorganization, reported that the board of directors ratified on September 25, 2026, the 11th issuance of convertible debentures (debentures that can be exchanged for shares), unsecured, in a single series and for a private placement, in the total amount of R$ 110,000,000, within the company’s authorized capital limit.
In total, 11 debentures were issued, of which 10 were ratified and 1 debenture remains reserved, to be ratified only after the outcome of Preliminary Injunction No. 4185421-78.2026.8.26.0100, which is pending before the 1st Business and Arbitration Conflicts Court of the Central Civil Court of São Paulo.
As the ratification took place for the maximum amount provided for the 11th issuance, the company stated that there are no debentures to be canceled under the terms of the deed of the transaction.
