Sequoia approves 150-to-1 reverse stock split

Sequoia Logística approved a 150-to-1 reverse stock split at a shareholder meeting on October 2, 2026. The transaction will not alter the company's share capital, which will remain at 2.16 billion Brazilian reals. The shares will begin trading on a reverse-split basis on November 3, 2026.

The company stated that the reverse split aims to bring the share price back above the minimum threshold of 1 real required by the B3 exchange. B3 granted the logistics operator an extension until November 15, 2026, to meet this requirement. The total share count will fall from approximately 6.37 billion to 42.47 million.

Shareholders may adjust their positions into multiples of 150 between October 2 and November 1, 2026, to avoid fractional shares. The last trading session before the reverse split takes effect and the deadline for adjustments on the market is October 30, 2026.

Remaining fractions will be grouped into whole shares and sold in an auction on B3 within 30 days after the adjustment period ends, with the date to be disclosed later. Net auction proceeds will be distributed proportionally to shareholders. Sequoia noted that the reverse split maintains all economic and voting rights, including future dividends and interest on equity.