Announcement • Apr 03
Azevedo & Travassos Energia S.A., Annual General Meeting, Apr 30, 2026 Azevedo & Travassos Energia S.A., Annual General Meeting, Apr 30, 2026. Location: to be held exclusively, Brazil Announcement • Jul 06
Azevedo & Travassos Energia S.A. (BOVESPA:AZTE3) signed a binding memorandum of understanding to acquire Petro-Victory Energy Corp. (TSXV:VRY). Azevedo & Travassos Energia S.A. (BOVESPA:AZTE3) signed a binding memorandum of understanding to acquire Petro-Victory Energy Corp. (TSXV:VRY) on July 2, 2025. The consideration consists of common equity of Azevedo & Travassos Energia S.A. to be issued for common equity of Petro-Victory Energy Corp. Petro-Victory Energy shareholders of record at closing will also be entitled to receive certain contingent payments in connection with certain existing partnerships between the Company and its affiliates with third parties. Azevedo & Travassos Energia will issue 266,000,000 as part of consideration. In addition, ATE will assume all outstanding debt of the Company with the estimated enterprise value of the Transaction being approximately $39.5 million including net debt and before considering any valuation for contingent payments
The transaction is subject to completion of the Capital Increase, parties entering into a definitive agreement, shareholder approval, the obtaining by both the Petro-Victory and ATE of all corporate and governmental approvals applicable to their respective jurisdictions, the obtaining by both the Petro-Victory and ATE of any consents from third parties of financial institutions, as applicable, and the completion of an audit by both the Petro-Victory and ATE of any and all information relevant to the performance of financial, legal, operational, environmental, accounting and regulatory audits. New Risk • Jul 03
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Brazilian stocks, typically moving 9.0% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks No financial data reported. Share price has been highly volatile over the past 3 months (9.0% average weekly change). Minor Risk Market cap is less than US$100m (R$180.3m market cap, or US$33.3m). 