Paranapanema (PMAM3), which is under court-supervised reorganization, reported that after converting all debentures (debt securities issued by companies) from its 11th issuance into shares, it will have a shareholder deemed to be the controlling shareholder, with an ownership stake exceeding 81% of its share capital. The information is contained in a material fact released this Friday, October 30, 2026, in line with the approval of the capital increase carried out for this conversion.
According to the company, the establishment of control by a single shareholder as a result of the full conversion of the 11th issuance debentures was already expected and is aligned with Management’s strategy to resolve its liabilities and expand access to the working capital needed to resume large-scale operations. The company also stated that it will keep shareholders and the market informed about any relevant developments related to the matter.
