SPX Raises Stake in Raízen to 5.25%

• SPX Gestão de Recursos increased its Raízen holding to 71,354,652 preferred shares, according to an October 28, 2026 disclosure.
• The stake represents approximately 5.25% of preferred shares. The acquisitions do not aim to change control or management.
• SPX-managed investors also hold short positions in 712,367 exclusively cash-settled derivative instruments linked to the preferred shares.

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