Paranapanema in judicial reorganization launches private R$ 110 million mandatory convertible debenture issue

• ParanaPanema, under judicial reorganization, launched a private placement of mandatorily convertible debentures to raise up to R$ 110 million.
• Proceeds target a R$ 100 million cash condition tied to a debt settlement with banks holding about R$ 4.3 billion of claims.
• Up to 11 debentures will be issued in a single series, each with a face value of R$ 10 million.
• Debentures pay CDI +5%, mature on July 27, 2027, then convert into common shares.
• Conversion price is set at 10% of the 30-day VWAP before issuance, implying potential dilution of up to 92.73%.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. ParanaPanema SA - em Recuperacao Judicial published the original content used to generate this news brief on July 30, 2026, and is solely responsible for the information contained therein.