Bradesco Rights Offering: 202M Shares Left Unsubscribed After Preemptive Period
BBD sits 16% above its 52-week low of $2.98.
Summary
Bradesco reported that 402.5 million of 604.9 million new shares were subscribed in its R$10 billion rights offering, leaving 202.4 million shares to be allocated to reserving shareholders from September 21-25.
Key Events · Financing and Capital Events · BBD
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Preemptive Rights Subscription Results
402,471,777 of 604,852,753 offered shares were subscribed during the preemptive rights period, a 66.5% take-up rate.
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Remaining Unsubscribed Shares
202,380,976 shares remain unsubscribed — 50,217,384 common and 152,163,592 preferred — to be allocated to shareholders who reserved them.
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Allocation Ratios for Remaining Shares
Each subscribed ON share grants rights to 19.902247370% ON shares and 31.271512790% PN shares; each subscribed PN share grants rights to 51.173760160% PN shares.
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Subscription Window and Pricing
Unsubscribed shares can be subscribed from September 21-25, 2026, at R$15.43 per ON share and R$17.64 per PN share, with payment due September 30, 2026.
Analysis · BBD · Finance
Bradesco's R$10 billion rights offering is progressing, but only 66.5% of the 604.9 million new shares were taken up during the preemptive rights period. The remaining 202.4 million shares will be allocated to shareholders who reserved them, with a subscription window from September 21-25 at R$15.43 per common share and R$17.64 per preferred share. The controlling shareholders' R$8 billion backstop remains in place, and the company can partially approve the capital increase once the R$8 billion minimum is reached, so the shortfall is manageable but signals weaker-than-full retail and minority participation.
How filings like this one have moved
In the 30 days to Oct 1, 2026, 30.2% of the 1645 measured filings Wiseek scored 7 moved their stock by 5% or more by the next session's close. The median move was -0.49%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, BBD was trading at $3.47 on NYSE in the Finance sector, with a market capitalization of approximately $37.1B. The 52-week trading range was $2.98 to $4.30. This filing was assessed with neutral market sentiment and an importance score of 7 out of 10.