Gol faces pressure from B3 to reclassify its shares below R$ 0,01.
The stock market is demanding an adjustment plan after the airline's shares remained below the minimum required value.
247 - Gol (GOLL54) shares have been experiencing an unusual situation on the B3 stock exchange since June, after the airline changed the way its shares are traded. This information was reported by the portal. money timesThe change occurred after a capitalization process that involved issuing trillions of dollars worth of shares at symbolic prices. The result placed the company in the category of penny stocks, intended for assets priced below R$1.
In practice, each Gol share is worth less than R$0,01, even though the apparent value on the stock exchange screen is close to R$6 due to trading in lots of one thousand units. B3 confirmed this to [source missing]. money times This situation violates market rules, which stipulate a minimum unit value of R$1. Therefore, the company was notified and will soon have to present a plan for readjustment. "Soon, [Gol] should disclose to the market the procedures and schedule that will be adopted to readjust the price of its shares to the minimum required level," stated B3. When contacted, the airline said it would not comment on the case.
Failed capitalization and concentration of control
Gol's capital increase process saw almost no participation from minority shareholders, with only 0,76% of the available preferred shares subscribing. The operation raised R$ 73,2 million, a value well below the target of R$ 12 billion. The amount was mostly subscribed by Gol Investment Brasil, linked to the controlling group and the company's creditors, which now holds 99,97% of the common shares and 99,21% of the preferred shares. As a result, the capital is heavily concentrated in a single group.
The issuance exceeded 9 trillion shares, with a symbolic price of R$ 0,00028 for common shares and R$ 0,01 for preferred shares, as part of the ongoing financial restructuring plan. Chapter 11 in the United States. In July, B3 granted an extraordinary deadline until January 18, 2027, for the company to comply with the rule of free float minimum, referring to the number of shares in free circulation.
Current situation on the stock exchange
Last Tuesday, GOLL54 shares rose 1,87%, trading at R$ 5,97 per lot, equivalent to R$ 0,0057 per share. Despite the slight increase, the company remains under strong regulatory pressure to adjust both the unit price and the percentage of shares available on the market.
