Bradesco offers 202.38M leftover shares in capital raise

Banco Bradesco concluded the first stage of its capital increase with the subscription of 402.47 million new shares out of 604.85 million available shares. On 16 September 2026, the bank announced that 202.38 million shares remain available for the leftover subscription round. The operation was originally unveiled in July and aims to raise at least R$ 8 billion.

In the initial round, investors subscribed 252.66 million common shares and 149.81 million preferred shares. Consequently, the leftover round will distribute 50.22 million common shares and 152.16 million preferred shares among shareholders who exercised their preference rights and requested leftover allocations.

The prices remain unchanged at R$ 15.43 per common share and R$ 17.64 per preferred share, payable in cash via bank account debit on 30 September or via Pix. For each common share subscribed in the first round, holders can subscribe 19.902247370% in common shares and 31.271512790% in preferred shares. Each preferred share subscribed grants the right to buy 51.173760160% in preferred shares.

The subscription period runs from 21 September to 25 September 2026. Rights can be traded or assigned, with assignments through the B3 central depository ending on 24 September. If shares remain after this phase, Bradesco may carry out another round, hold a B3 auction, or partially ratify the increase if it reaches the R$ 8 billion minimum.