B3 Extends Paranapanema’s Deadline to Meet Minimum Share-Price Requirement
Bitget2026/11/05 19:21- B3 granted Paranapanema, which is in judicial reorganization, another extension to restore compliance with its minimum share-price requirement.
- The deadline is the meeting approving December 31, 2026, financial statements or April 30, 2027, whichever comes first.
- Shares entered noncontinuous trading on November 4, 2026, with auctions throughout each session and trades executed at the close.
- These trading restrictions will remain until the shares meet the minimum price requirement.
- The company will also pursue a reverse stock split through an extraordinary shareholders’ meeting.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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