Copel preferred shareholders approve conversion tied to Novo Mercado move
Rhea-AI Filing Summary
Companhia Paranaense de Energia – Copel reports that a special meeting of preferred shareholders approved the ratification of the mandatory conversion of all preferred shares into one new common share and one new class “C” preferred share, which will be compulsorily redeemable. This preferred share conversion is a decisive step in the Company’s plan to change its shareholding structure and migrate to the Novo Mercado segment of B3.
The agreement for Copel’s participation in Novo Mercado was signed with B3 on November 5, 2025, and the effective migration is conditioned on completing the preferred share conversion and redeeming all class “C” preferred shares. Copel states it will later provide details on the withdrawal rights for dissenting preferred shareholders and the expected date when its shares will begin trading on Novo Mercado.
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Insights
Copel advances a mandatory preferred share conversion tied to its planned Novo Mercado listing.
Copel has obtained approval at a special meeting of preferred shareholders for the ratification of a mandatory conversion of all preferred shares into one new common share and one new class “C” preferred share, which will be compulsorily redeemable. This action follows prior shareholder approvals related to changing the company’s shareholding structure.
The company has already signed an agreement for participation in the Novo Mercado segment of B3 on
Copel indicates that it will provide further information on withdrawal rights for dissenting preferred shareholders and other implementation details, including the expected start date of trading on Novo Mercado. Subsequent company communications and disclosures will clarify the practical effects of the conversion and redemption once the conditions are fulfilled.
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 November, 2025
Commission File Number 1-14668
COMPANHIA PARANAENSE DE ENERGIA
(Exact name of registrant as specified in its charter)
Energy Company of Paraná
(Translation of Registrant's name into English)
José Izidoro Biazetto, 158
81200-240 Curitiba, Paraná
Federative Republic of Brazil
+55 (41) 3331-4011
(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 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____
COMPANHIA PARANAENSE
DE ENERGIA – COPEL
CNPJ/ME 76.483.817/0001-20 – NIRE 41300036535 – Registro CVM 1431-1
B3 (CPLE3, CPLE5)
NYSE (ELP, ELPC)
LATIBEX (XCOPA, XCOPO)
Copel completes decisive step toward Novo Mercado
listing with approval of preferred share conversion
Companhia Paranaense de Energia - Copel (“Company”), in continuation of Material Facts No. 4/25, 6/25, 7/25, 8/25, 9/25, 11/25, and 12/25, and in compliance with the provisions of paragraph 4 of article 157 of Law No. 6,404, dated December 15, 1976 (“Brazilian Corporate Law”), and Resolution No. 44 of the Brazilian Securities and Exchange Commission (“CVM”) dated August 23, 2021, as amended, hereby informs its shareholders and the market in general that, on this date, a special meeting of preferred shareholders (“AGESP PN”) was held, pursuant to Article 136, paragraph 1, of the Brazilian Corporate Law, which approved the ratification of the mandatory conversion of all preferred shares at a ratio of one new common share and one new class “C” preferred share (“PNC”) compulsorily redeemable (“PN Conversion”).
The AGESP PN is part of the context of changing the Company's shareholding structure and migrating to the special listing segment Novo Mercado of [B]³ S.A. - Brasil, Bolsa, Balcão (“B3” and, respectively, “Novo Mercado”), as approved at the 212th Extraordinary General Meeting held on August 22, 2025 (“Migration to Novo Mercado”).
The agreement for participation in the Novo Mercado between the Company and B3 was signed on November 5, 2025, and the effective Migration to the Novo Mercado is conditional to the completion of the PN Conversion and the redemption of all PNC shares. The Company will disclose information in due course on the exercise of the right of withdrawal by dissenting preferred shareholders and other information on the implementation of the PN Conversion.
Finally, reaffirming its commitment to transparency, in accordance with applicable laws and regulations and in line with best corporate governance practices, the Company reiterates that it will keep its shareholders and the market in general informed about relevant developments and progress in the process, including the expected date for the effective start of trading of its shares on the Novo Mercado.
Curitiba, November 17, 2025
Felipe Gutterres
Vice-President of Financial and Investor Relations
For further information, please contact the Investor Relations team:
ri@copel.com or (41) 3331-4011
SIGNATURE
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 November 17, 2025
| COMPANHIA PARANAENSE DE ENERGIA – COPEL | ||
| By: |
/S/ Daniel Pimentel Slaviero |
|
| Daniel Pimentel Slaviero Chief Executive Officer |
||
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.
FAQ
What did Copel (ELP) announce in this Form 6-K?
Copel announced that a special meeting of preferred shareholders approved the ratification of the mandatory conversion of all preferred shares into one new common share and one new class “C” preferred share, which will be compulsorily redeemable.
How is Copel’s preferred share conversion linked to its Novo Mercado listing?
The preferred share conversion is described as a decisive step in Copel’s migration to the Novo Mercado segment of B3, and the effective migration is conditional on completing this conversion and redeeming all class “C” preferred shares.
When did Copel sign its Novo Mercado participation agreement with B3?
Copel signed the agreement for participation in the Novo Mercado segment with B3 on November 5, 2025.
Will Copel shareholders have withdrawal rights related to the conversion?
The company states that it will disclose information in due course on the exercise of the right of withdrawal by dissenting preferred shareholders, along with other details about implementing the preferred share conversion.
What future information does Copel plan to provide about the Novo Mercado migration?
Copel plans to keep shareholders informed about relevant developments, including details on the implementation of the preferred share conversion, withdrawal rights, and the expected date for the effective start of trading of its shares on Novo Mercado.
Which share classes of Copel currently trade on public markets?
The filing lists Copel’s securities as B3 tickers CPLE3 and CPLE5, NYSE tickers ELP and ELPC, and LATIBEX tickers XCOPA and XCOPO.
