Monitor the October 19 withdrawal right deadline and the October 27 merger consummation date. The key remaining catalyst is the actual closing and any fractional share auction details. No price-sensitive information is contained in this procedural update.
Price Chart
Executive Summary
Sabesp and EMAE issued a joint material fact updating the estimated timetable for the merger of shares, whereby Sabesp will acquire all EMAE shares not already held. The updated schedule shows key remaining milestones: the withdrawal right period ends October 19, EMAE's last trading day is October 23, and the merger is expected to close on October 27, 2026. This is a procedural update with no new financial terms or changes to the deal structure.
Key Facts
- Sabesp is incorporating all EMAE shares not already held, delivering Sabesp common shares to EMAE shareholders.
- Withdrawal right period for EMAE shareholders ends October 19, 2026.
- Last trading day for EMAE shares on B3 is October 23, 2026.
- Merger consummation and credit of Sabesp shares to EMAE shareholders expected on October 27, 2026.
- Fractional share auction and payment to former EMAE shareholders to occur on a date to be defined.
- This filing updates the timetable previously disclosed on September 16, 2026; no change in deal terms or valuation.
Financial Impact
No financial terms disclosed in this filing. The merger consideration (Sabesp shares to EMAE shareholders) was set in prior disclosures; this filing only updates the timeline.
Risk Factors
- Execution risk: any delay in the remaining timetable could push the merger close beyond October 27.
- Withdrawal right exercise: if a material number of EMAE shareholders exercise withdrawal rights, it could affect the final share count and fractional share mechanics.
- Regulatory or tax complications from the NRI (non-resident investor) tax payment process could cause last-minute delays.
Investment Themes
Documents Analyzed
This report is based on 4 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 6-K Filing (Primary) | 0001292814-26-004876 |
| Document: 0001292814-26-004876-index-headers.html | 0001292814-26-004876 |
| Document: 0001292814-26-004876-index.html | 0001292814-26-004876 |
| Document: 0001292814-26-004876.txt | 0001292814-26-004876 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 21, 2026 6d ago | 6-K | $6.32 $6.27 | ▼ −0.79% | ▲ +0.39% | $4.75 (−24.84%) |
Oct 9, 2026 18d ago | 6-K | $6.74 $6.73 | ▼ −0.15% | ▼ −0.09% | $4.75 (−29.53%) |
Oct 2, 2026 25d ago | 6-K | $6.26 $6.41 | ▲ +2.40% | ▲ +1.85% | $4.75 (−24.12%) |
Sep 23, 2026 4w ago | 6-K | $5.17 $5.15 | ▼ −0.39% | ▼ −0.30% | $4.75 (−8.12%) |
Sep 18, 2026 5w ago | 6-K | $5.31 $5.44 | ▲ +2.45% | ▲ +0.90% | $4.75 (−10.55%) |
Aug 21, 2026 9w ago | Institutional Cluster | $4.61 $4.63 | ▲ +0.43% | ▲ +0.73% | $4.75 (+3.04%) |
Aug 14, 2026 10w ago | 6-K | $4.60 $4.58 | ▲ +0.43% | ▼ −0.04% | $4.75 (−3.26%) |
Jul 31, 2026 12w ago | 6-K | $5.45 $5.43 | ▼ −0.37% | ▼ −1.79% | $4.75 (−12.84%) |
Jun 30, 2026 17w ago | 6-K | $5.78 $5.75 | ▼ −0.52% | ▼ −0.38% | $4.75 (−17.82%) |
Jun 17, 2026 18w ago | Insider Cluster | $5.25 $5.42 | ▲ +3.24% | ▲ +3.55% | $4.75 (−9.52%) |
US Market Status
Subscribe to SecBot
Get Real-Time SEC Filing Intelligence
Comprehensive SEC filing analysis delivered the moment filings hit EDGAR. Sentiment scoring, impact analysis, and actionable insights for every material event.
Create a free account Live analysis, Telegram alerts, watchlists and the MCP server for subscribers