SALVADOR DE BAHIA, BRAZIL (By Pedro Silva, Energy Analytics Institute, 18.Sep.2025, Words: 127) — The board of directors of Brava Energia approved the implementation of a Level 1 American Depositary Receipts program.
The program is supported by JPMorgan Chase Bank, N.A., which will act as the depositary institution.
The ADR program, once declared effective by the Securities and Exchange Commission (SEC), will be sponsored and backed by common shares issued by Brava, to be traded in the over-the-counter (OTC) market, Brava said on 18 Sep. 2025 in an official statement.
This initiative aims to foster share liquidity, increase the company’s exposure to other markets, and establish, through the US capital markets, a direct channel to global investors.
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By Pedro Silva reporting from Salvador de Bahia. © 2025 Energy Analytics Institute (EAI). All Rights Reserved.
