São Paulo, May 28, 2026, 09:01 BRT
Azul S.A. is moving its U.S.-traded securities to a national exchange, with its American depositary shares set to start trading on NYSE American June 1 under the ticker AZUL. Each ADS will represent two common shares, the company said. An American depositary share is a U.S. certificate linked to foreign stock.
Azul is looking to regain capital-market traction only months after emerging from Chapter 11, the U.S. bankruptcy system for debt restructurings. Leaving OTC Markets, where trading runs on dealer networks not a listed exchange, puts the Brazilian airline on a higher-profile U.S. trading platform.
Veris Residential Inc. has stopped trading on the New York Stock Exchange after a group led by Affinius Capital and Vista Hill Partners closed its $3.5 billion all-cash purchase of the apartment landlord. Another U.S.-listed stock is headed the other direction.
Azul said its common shares stay on Brazil’s B3 under AZUL3. Its ADSs will stop being quoted on OTC Markets when the NYSE American listing starts. CEO John Rodgerson called the listing a “defining moment” for the company, adding Azul is “on track to uplist” to the New York Stock Exchange in early July, pending requirements. SEC
But the next step isn’t certain yet. Azul’s June 1 listing still faces listing conditions, and moving to the main NYSE in early July will only happen if the company meets more exchange requirements.
Azul exited Chapter 11 in February, reducing debt and lease costs by roughly $2.5 billion. It raised $1.375 billion through exit notes and brought in new equity funding, including $100 million from United Airlines. The company also said American Airlines agreed to add $100 million more in equity, pending antitrust review.
Azul faces tough competition in Brazil, going up against Gol and LATAM Airlines. CEO Rodgerson told Reuters after the company’s restructuring that Azul plans to stick with “responsible growth,” ruling out any mergers or acquisitions for now. Talks involving Gol haven’t led anywhere, and a previous LATAM deal fell through. Reuters
Azul says it’s the biggest airline in Brazil by departures and number of cities, flying about 800 daily flights to over 137 spots with a fleet topping 180 aircraft. Ch-aviation reported Azul’s NYSE American debut is planned for June 1. The airline’s common shares will still trade on B3.
Veris left after a more definitive step was taken. The New York Stock Exchange filed a Form 25 on May 27 to delist Veris common stock and end its registration. A Form 25 is the SEC filing used to delist a security. The notice stated Veris met the requirements for a voluntary withdrawal.
Index changes matched the deal. MarketScreener, using S&P Capital IQ, reported Veris is out of the S&P Global BMI Index. Other notices show Veris removed from the S&P Composite 1500, S&P 600, S&P 1000 and S&P TMI Index.
Veris, a REIT focused on Class A multifamily real estate in the Northeast, has sold off office properties in recent years. Reuters said when the take-private offer was unveiled in February that private capital was circling REITs where shares were trading below asset values.
Azul said current holders of its common shares and ADSs won’t have to do anything for the NYSE American listing. Veris holders are getting cashed out at $19 per share through the already closed deal.
