Braskem seeks Brazil out-of-court restructuring, plans US Chapter 15 filing

• Braskem’s board held an extraordinary meeting on Aug. 24, 2026, authorizing protective restructuring steps for the company and certain subsidiaries.
• Directors cleared the filing of a Recuperação Extrajudicial request in Brazil, including submission of a plan on the terms outlined to the board.
• The board also authorized pursuing Chapter 15 recognition in the US to support the Brazilian protective measure, where applicable.
• Management received authority to seek similar protective measures in other jurisdictions, execute required documents, secure approvals, operate through proxies.

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. Braskem SA published the original content used to generate this news brief on August 24, 2026, and is solely responsible for the information contained therein.