Convertible
Principal
Conversion Price
Remaining principal
- Shares on conversion
- Interest rate
- Maturity
BAK$1.13-3.85%
Braskem SA
Sector: Industrial Organic ChemicalsIndustry: ChemicalsCountry: BRExchange: NYSE
Mkt Cap:$448.29M
Float & O/S:
Inst Own:
DilutionScan read 48 of BRASKEM SA's SEC filings and found 1 convertible on file for BAK. Analysis updated Oct 28, 2026.
Signal8 Summary
BAK
Bankruptcy proceedings initiated
Snapshot
Braskem is a Brazilian petrochemical producer in severe financial distress. The company has $13.9B in debt against $2.3B in cash, and shareholders' equity is negative. In June 2026, the Board initiated bankruptcy proceedings in Brazil and ancillary Chapter 15 proceedings in the US to restructure its capital.
What's Happening Right Now
- : Braskem confirmed it rejected restructuring proposals from bondholders, including a debtor-in-possession financing facility that would have diluted controlling shareholders.
- : The Board approved a resolution to request protective measures and initiate bankruptcy proceedings in Brazil and Chapter 15 proceedings in the US.
- : A Brazilian court granted precautionary injunctive relief, staying creditor enforcement actions for 60 days to facilitate negotiations.
- : Shine I FIP acquired approximately 34.3% of total capital and 50.1% of voting capital, triggering a change of control and mandatory tender offer.
Raise routes on file: no active ATM, effective shelf, S-1 or equity line in the filings read
Overall Risk
Offering Ability
Overhead Supply
Historical
Cash Need
AI dilution summary
The dominant contractual driver and its mechanism, then each further driver ranked.
Every warrant, convertible, ATM and shelf, cited to the filing
A free account reads 3 tickers a day in full
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
Share count and cash history
Shares outstanding, potential dilution and cash over time
Outstanding
Know who's about to sell into your BAK trade
Exercise prices, conversion terms, shelf headroom and the filing sentence behind every number.
$59/mo with 7 days free, or $49/mo billed yearly ($588/yr)
