Paranapanema (PMAM3), which is in Judicial Reorganization (Recuperação Judicial), announced on November 5, 2026 that B3 granted a new additional deadline for its shares to return to the minimum quotation value. The deadline ends on the date of the meeting that approves the financial statements for 12/31/2026 or on 04/30/2027, whichever comes first. The extension was granted at the company's request.
Even with the extension, since 11/04/2026 Paranapanema's shares have been traded on a non-continuous basis, as announced by B3. Under this format, the shares are in auction throughout the entire session, with trades closing at the end of the trading session, until the share price returns to the minimum value.
The extension request is based on management's expectation that the effects of the restructuring measures and the settlement of a significant portion of the historical liabilities will be absorbed by the market during this period, reflected in the share price. In parallel, the company stated that it will take the necessary steps to formalize a reverse stock split of its shares (a reduction in the number of shares outstanding, with a proportional increase in price) at an extraordinary shareholders' meeting.
The company stated that it will keep the market informed of any relevant developments on the matter.
