Business Context and Reporting Period
This Form 6-K filing by Banco Bradesco S.A. (Bradesco) reports on a capital increase resolution approved by the Board of Directors on July 29, 2026. The filing details the issuance of new shares to existing shareholders via private subscription, with the preemptive rights exercise period scheduled from August 6, 2026, to September 4, 2026.
Key Financial Metrics and Capital Structure
- Capital Increase Amount: R$ 10,000,000,000.00 (BRL 10 billion).
- Minimum Subscription Threshold: BRL 8 billion required for partial approval.
- Shares Issued:
- 302,876,396 new common shares (ON Shares) at R$ 15.43 per share.
- 301,976,357 new preferred shares (PN Shares) at R$ 17.64 per share.
- Preemptive Rights Ratio: 5.721967934% based on shareholding as of August 4, 2026.
- Payment Methods: Cash via checking account debit, PIX, or offset against Interest on Shareholders' Equity (JCP) declared on March 25 and June 23, 2026.
Note: This filing does not provide revenue, profit, cash flow, margin, debt, or liquidity metrics for the period.
Material Changes and Operational Details
The primary material change is the expansion of share capital. Key operational details include:
- Record Date: August 4, 2026.
- Trading of Rights: Shareholders may trade subscription rights on B3 S.A. from August 6, 2026, to September 1, 2026.
- Unsubscribed Shares: Remaining shares will be allocated to subscribers who expressed interest; additional allocations or auctions may occur at management's discretion.
- Capitalization Date: September 15, 2026 (for offset and debit methods).
- Dividend Entitlement: New shares are entitled to full benefits, including dividends and interest on equity, effective from the Central Bank of Brazil's approval of the capital increase.
Guidance, Risks, and Contingencies
The filing includes standard forward-looking statements regarding future economic circumstances and company performance. Specific contingencies related to this transaction include:
- Partial Approval: If subscriptions fall below BRL 10 billion but meet the BRL 8 billion minimum, the Board may approve a partial increase, adjusting the number of shares issued accordingly.
- Cancellation: Unsubscribed shares not allocated will be canceled if the minimum threshold is not met or if the Board decides not to proceed with additional allocations.
- PIX Payment Deadline: Subscriptions paid via PIX must be completed by September 4, 2026, or the subscription will be fully canceled.
Investor Verification Checklist
- Verify the final subscription amount to confirm if the full BRL 10 billion was raised or if a partial approval occurred.
- Confirm the Central Bank of Brazil's approval date to determine the exact start date for dividend entitlement on new shares.
- Check for any announcements regarding the allocation of unsubscribed shares or the holding of an auction.
- Review the impact of the capital increase on earnings per share (EPS) and book value per share in subsequent financial reports.