Azul S.A. Sponsored ADR Pfd (AZULD) faces fresh dilution math after board tweaks debt-to-equity terms
NEW YORK, Jan 10, 2026, 09:40 EST — Market closed. Azul S.A.’s U.S.-traded sponsored preferred ADRs grabbed attention again after the Brazilian airline’s board greenlit changes to the mandatory conversion terms for debentures into preferred shares, according to meeting minutes released Friday.