AgroGalaxy (AGXY3) may need a reverse split to comply with B3 rules
In judicial recovery, the company received notification from B3 for a price below R$1 and has a deadline of April 30, 2027 to regularize.
BY THE X-TRADER NEWS NEWSROOM · REPORTING FROM MONEY TIMES · 2 MIN
AgroGalaxy (AGXY3), which is in judicial recovery, may have to carry out a reverse split of shares to comply with B3 rules. The information is contained in a statement released on Tuesday (3/11/2026), according to Money Times.
The company reported having received notification from the stock exchange indicating that its shares have been below R$1 since 09/11/2026. According to the same report, B3's deadline for regularization is 04/30/2027 and is based on article 46 of the Issuer Regulations.
The path described in the statement is conditional. If the price does not return to above R$1 and remains below this level for at least one month before the deadline, the company will submit a reverse split proposal to the Board of Directors. In other words, the measure has not yet been decided and depends on the behavior of the paper until then.
Even if the proposal is formulated, the reverse split still needs to be approved at the General Shareholders' Meeting. The council stage, therefore, does not end the discussion, which also depends on the shareholders' vote.
The backdrop is judicial recovery, a process in which the company is already involved and which usually weighs on the risk reading made by investors. The B3 rule, in general terms, seeks to ensure that securities traded on the stock exchange maintain a minimum quotation level, and AgroGalaxy needs to comply with this requirement within the deadline.
What changes for the investor
A reverse split reduces the number of shares in circulation and increases the nominal value of each share, but does not, in itself, change the size of the company or its financial situation. For those who follow the paper, the central point is the calendar: the decision depends on the quotation by the deadline of 04/30/2027 and, if there is a proposal, on a meeting. It is worth monitoring the company's official statement, the progress of the judicial recovery and any call for a meeting.
Automatically translated from Portuguese.
