Braskem (NYSE: BAK) clarifies no sale talks as Novonor and IG4 discuss exclusivity

Rhea-AI Filing Summary

Braskem S.A. (BAK) reports that, despite recent media coverage about a potential sale of the company, it is not aware of the information published and is not involved in any negotiations for its own sale. The company requested clarification from shareholders that are parties to its shareholders' agreement, who indicated that Novonor S.A. and IG4 Solutions LLC are in negotiations for a possible exclusivity agreement related to Braskem shares.

According to these shareholders, no binding or non-binding document has been signed and there is no guarantee an agreement will be reached. Petrobras, another key shareholder, clarified that it is not a party to the Novonor–IG4 discussions and that no decision has been made regarding its stake in Braskem, while it continues to study alternatives. Braskem states it will keep the market informed of any material developments, in line with applicable regulations.

Insights

Equity and M&A analyst

Braskem flags shareholder‑level talks but no agreed transaction or company involvement.

The disclosure indicates that potential activity is occurring at the shareholder level, with Novonor S.A. and IG4 Solutions LLC negotiating a possible exclusivity agreement involving Braskem shares. Braskem itself clearly states it is not conducting negotiations for a sale of the company and is not a party to the Novonor–IG4 discussions. This keeps the focus on possible changes in the ownership structure rather than on an agreed corporate transaction.

The shareholders also emphasize that no binding or non-binding document has been signed and that there is no assurance any agreement will be executed. Petrobras confirms it has made no decision regarding its stake and is only studying alternatives. Overall, the information signals preliminary shareholder discussions without a defined outcome, so the potential impact on Braskem’s strategy, governance, or operations remains uncertain and depends on whether any formal agreement is eventually reached.

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 6-K

REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13A-16
OR 15D-16 OF THE SECURITIES EXCHANGE ACT OF 1934

For the month of December, 2025

(Commission File No. 1-14862 )

BRASKEM S.A.

(Exact Name as Specified in its Charter)

N/A

(Translation of registrant's name into English)

Rua Eteno, 1561, Polo Petroquimico de Camacari
Camacari, Bahia - CEP 42810-000 Brazil

(Address of principal executive offices)

Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F.

Form 20-F ___X___       Form 40-F ______

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(1). _____

Indicate by check mark if the registrant is submitting the Form 6-K
in paper as permitted by Regulation S-T Rule 101(b)(7). _____

Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.

Yes ______       No ___X___

If "Yes" is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): 82- _____.

 

BRASKEM S.A.

Corporate Taxpayer ID (CNPJ): 42.150.391/0001-70
Company Registry: 29.300.006.939
Publicly Held Company

MATERIAL FACT

Braskem S.A. ("Braskem" or "Company") (Ticker B3: BRKM3, BRKM5 and BRKM6; NYSE: BAK; LATIBEX: XBRK) hereby, due to news published in the media regarding the sale process of Braskem, informs that it is not aware of the information contained in such news and does not conduct any negotiations for the sale of the Company, which is why it requested clarification from the shareholders who are signatories to the Company's Shareholders' Agreement, who informed the following:

(A) Novonor:

"In response to your correspondence - through which information was requested regarding a potential negotiation involving shares issued by Braskem - we inform you that negotiations are underway between Novonor S.A. and IG4 Solutions LLC regarding an agreement aimed at establishing an exclusivity commitment between the Parties.

We emphasize, however, that no document, binding or non-binding, has been signed between the Parties, and that there is no guarantee that the Parties will enter into such an agreement."

(B) Petrobras:

"The company clarifies that it is not a party to the agreement between Novonor and IG4 mentioned in the news. Petrobras reiterates that no decision has been made regarding its stake in Braskem and continues to study alternatives."

Braskem will keep the market informed of material developments on the subject, in compliance with applicable laws.

Additional information can be obtained from the Investor Relations Department by phone (11) 3576-9531 or by e-mail braskem-ri@braskem.com.br.

São Paulo, December 3, 2025.

Felipe Montoro Jens

Chief Financial and Investor Relations Officer

Braskem S.A.

1

SIGNATURES

        Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Date: December 3, 2025

	BRASKEM S.A.
	By:	/s/     Felipe Montoro Jens
		Name:	Felipe Montoro Jens
		Title:	Chief Financial Officer

FORWARD-LOOKING STATEMENTS

This Material Fact may contain forward-looking statements. These statements are not historical facts, but rather are based on the current view and estimates of the Company's management regarding future economic and other circumstances, industry conditions, financial performance and results, including any potential or projected impact regarding the geological event in Alagoas and related legal procedures on the Company's business, financial condition and operating results. The words “project,” “believe,” “estimate,” “expect,” “plan”, “objective” and other similar expressions, when referring to the Company, are used to identify forward-looking statements. Statements related to the possible outcome of legal and administrative proceedings, implementation of operational and financing strategies and investment plans, guidance on future operations, the objective of expanding its efforts to achieve the sustainable macro objectives disclosed by the Company, as well as factors or trends that affect the financial condition, liquidity or operating results of the Company are examples of forward-looking statements. Such statements reflect the current views of the Company's management and are subject to various risks and uncertainties, many of which are beyond the Company’s control. There is no guarantee that the events, trends or expected results will actually occur. The statements are based on various assumptions and factors, including, but not limited to, general economic and market conditions, industry conditions and operating factors, availability, development and financial access to new technologies. Any change in these assumptions or factors, including the projected impact from the joint venture and its development of technologies, from the geological event in Alagoas and related legal procedures and the unprecedented impact on businesses, employees, service providers, shareholders, investors and other stakeholders of the Company could cause effective results to differ significantly from current expectations. For a comprehensive description of the risks and other factors that could impact any forward-looking statements in this document, especially the factors discussed in the sections, see the reports filed with the Brazilian Securities and Exchange Commission (CVM). This Material Fact does not constitute any offer of securities for sale in Brazil. No securities may be offered or sold in Brazil without being registered or exempted from registration, and any public offer of securities carried out in Brazil must be made through a prospectus, which would be made available by Braskem and contain detailed information on Braskem and its management, as well as its financial statements.

FAQ

What did Braskem S.A. (BAK) disclose about a potential sale of the company?

Braskem disclosed that, despite media reports about a potential sale, it is not aware of the information published and is not conducting any negotiations for the sale of the company.

Who is reportedly negotiating related to Braskem shares, according to the 6-K filing?

Shareholders informed Braskem that Novonor S.A. and IG4 Solutions LLC are in negotiations about a possible exclusivity agreement between them involving shares issued by Braskem.

Have Novonor and IG4 signed any agreement regarding Braskem shares?

The shareholders stated that no document, binding or non-binding, has been signed between Novonor and IG4, and there is no guarantee they will enter into such an agreement.

What is Petrobras’s position regarding its stake in Braskem?

Petrobras clarified that it is not a party to the agreement between Novonor and IG4 mentioned in the news, and it reiterated that no decision has been made about its stake in Braskem while it continues to study alternatives.

Is Braskem directly involved in the negotiations between Novonor and IG4?

Braskem states that it does not conduct any negotiations for the sale of the company and is not a party to the agreement discussed between Novonor and IG4.

How will Braskem keep investors informed about potential ownership changes?

Braskem states it will keep the market informed of any material developments on this subject, in compliance with applicable laws and regulations.

Does this disclosure mean a change of control at Braskem is imminent?

No. The shareholders explicitly noted that no agreement has been signed and there is no assurance that Novonor and IG4 will enter into any agreement related to Braskem shares.