In the 8th issue of convertible debentures into shares (debentures that can be converted into shares) of Paranapanema (PMAM3), the company set the conversion price applicable to the seventh window, between September 25, 2026 and November 9, 2026 (inclusive), at R$ 0.32 per share. The amount corresponds to 92% of the lowest volume-weighted average price of the company’s common shares traded on B3, calculated between September 11 and 24, 2026 (inclusive).
According to the company, the conversion price of R$ 0.32 will remain valid until November 9, 2026 and will be automatically replaced by a new price to be calculated and disclosed in the next notice to shareholders, as provided for in the deed of the 8th debenture issue. The amount now disclosed applies only to conversion requests formalized within this period.
Paranapanema reiterated that the conversion of debentures into shares will follow, in addition to the disclosed price, all other terms, conditions and procedures set forth in the deed of the 8th issue, as well as in applicable corporate law and regulation.
