The company goes public to issue debt securities, such as debentures or commercial notes, or shares, following a path that is closer to the traditional capital markets model.
TYPE OF OFFER
Debt offering, choosing between commercial notes or debentures, and equity offering.
CVM REGISTRATION CATEGORY
A (equity and debt) or B (debt).
AUDIENCE
General investors.
KEY FEATURES
Requires an offering coordinator, a distributor, and the FÁCIL Form.
PROCEDURE
Filing of the process with BEE4 for prior review and automatic registration of the offering with the CVM.
Must be signed by the Investor Relations Officer (IRO), indicating the intended registration category with the CVM.
The listing application must be formally approved through the minutes of a shareholders’ meeting or a corporate act.
Appointed through a corporate act, this officer will be responsible for providing information to the market, the CVM, and BEE4, and will represent the company before investors and regulators.
The consolidated and updated articles of association must be formally approved by the shareholders and, when applicable, depending on the issuer’s business sector, prior approval or ratification by the competent regulatory authority will also be required.
The FÁCIL Form must be completed in accordance with CVM Resolution No. 232, indicating the intended registration category.
Completion of the issuer’s registration information in accordance with CVM Resolution No. 80.
The audited financial statements, without a modified opinion, must be prepared in accordance with Law No. 6,404/1976 and CVM rules, referring to the latest fiscal year or, when applicable, the most recent date that adequately reflects the issuer’s financial position, subject to the applicable regulatory deadlines.
Related to the required reporting periods, provided that more than 60 days have passed since the end of the quarter or half-year, as applicable.
Copy of shareholders’ agreements, or other corporate agreements, if any, filed by the issuer.
Document detailing the exemptions selected by the issuer, in accordance with the template provided in BEE4’s Circular Letter.
Document enabling access rights as an issuer, duly signed with BEE4.
To access the capital markets, the company must choose which type of issuer registration it will apply for under the two CVM categories:
allows the company to issue debt securities, such as debentures and/or commercial notes, as well as shares.
allows only the issuance of debt securities, such as debentures and/or commercial notes, but does not authorize the issuance of shares.
Under this model, the company must submit the following documents:
After listing on BEE4, your company’s compliance routine will be simplified compared to the traditional market, but it will require discipline.
Periodic disclosure of annual audited financial statements and semiannual information reviewed by an independent auditor.
Whenever events or situations occur that are classified as Material Facts, they must be disclosed to the market in accordance with CVM Resolution No. 44.
Corporate and registration information, as well as the FÁCIL Form, must be made available annually and updated whenever there are relevant changes.