{"id":895407,"date":"2025-10-13T22:41:29","date_gmt":"2025-10-14T02:41:29","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2\/"},"modified":"2025-10-13T22:41:29","modified_gmt":"2025-10-14T02:41:29","slug":"incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2\/","title":{"rendered":"Incorporation of GLAI and GIB into GLA and future delisting from Level 2"},"content":{"rendered":"<div class=\"xn-newslines\">\n<p class=\"xn-distributor\">PR Newswire<\/p>\n<\/p><\/div>\n<div class=\"xn-content\">\n<p>\n        <span class=\"legendSpanClass\">S\u00c3O PAULO<\/span>, <span class=\"legendSpanClass\"><span class=\"xn-chron\">Oct. 13, 2025<\/span><\/span> \/PRNewswire\/ &#8212; <b>GOL Linhas A\u00e9reas Inteligentes S.A. (B3: GOLL54) (&#8220;GOL&#8221; or &#8220;Company&#8221;)<\/b>, one of the main airlines in <span class=\"xn-location\">Brazil<\/span>, in compliance with article 157, paragraph 4, of Law No. 6,404\/76 and the Resolution of the Brazilian Securities and Exchange Commission No. 44\/2021 (&#8220;<b>Resolution CVM 44<\/b>&#8220;), hereby informs its shareholders and the market in general that, on this date, the Company&#8217;s\u00a0Board of Directors approved, among other matters, the convening of General Meetings to deliberate\u00a0on the\u00a0proposed merger of the Company and Gol Investment Brasil S.A., a privately held corporation registered with the CNPJ\/MF under No. 55.012.370\/0001-30 (&#8220;<b>GIB<\/b>&#8220;), into\u00a0Gol Linhas A\u00e9reas S.A., also a privately held corporation registered with the CNPJ\/MF under No. 07.575.651\/0001-59 (&#8220;<b>GLA<\/b>&#8220;), whose shares are wholly owned by the Company (the &#8220;<b>Merger<\/b>&#8220;). This transaction will result in\u00a0the Company&#8217;s withdrawal\u00a0from Level 2 of Corporate Governance (&#8220;<b>Level<\/b><b> 2<\/b>&#8220;) of B3 S.A. \u2013 Brasil, Bolsa, Balc\u00e3o (&#8220;<b>B3<\/b>&#8220;).<\/p>\n<p>The Merger aims to reorganize the Company&#8217;s operations, generate\u00a0synergies and reduce\u00a0costs. The Company emphasizes that the implementation of the Merger remains subject to corporate approvals (including those at the General Meetings) and applicable third-party consents, as outlined\u00a0below.<\/p>\n<p>Below are the key\u00a0terms and conditions of the Merger.<\/p>\n<p class=\"prntac\">\n        <u>Structure and Exchange Ratio<\/u>\n      <\/p>\n<p>The Merger will involve\u00a0the consolidation of the Company and GIB into GLA, pursuant to the Protocol and Justification for the Merger of GIB and the Company by GLA (the &#8220;<b>Protocol<\/b>&#8220;).<\/p>\n<p>Upon completion\u00a0of the Merger, GLA will absorb all assets and liabilities of the Company and GIB, thereby succeeding them in all rights and obligations. As a result, both\u00a0the Company and GIB\u00a0will be extinguished.\u00a0In exchange,\u00a0shareholders of the Company and GIB will receive common shares issued by GLA, as follows:<\/p>\n<p>\n        <b>(i)<\/b> Each\u00a0shareholder of the Company will receive: (a) one (1)\u00a0GLA common share\u00a0for each common share of the Company held;\u00a0and (b) thirty-five (35) GLA common shares\u00a0for each preferred share of the Company held (the &#8220;<b>GLAI Base Exchange Ratio<\/b>&#8220;).<\/p>\n<p>\n        <b>(ii)<\/b> Given\u00a0that GIB&#8217;s primary assets consist of\u00a0shares in the Company (along with\u00a0capital reserves) and that it\u00a0has no\u00a0material liabilities, GIB&#8217;s\u00a0sole shareholder will receive, in exchange for its shares, all GLA\u00a0common shares originally allocated to GIB under\u00a0the GLAI Base Exchange Ratio.<\/p>\n<p>In accordance with CVM Guidance Opinion No. 35, the Company&#8217;s Board of Directors has established\u00a0an independent committee composed exclusively of independent directors to negotiate the terms and conditions of the Merger and the resulting exchange ratio.<\/p>\n<p>Outstanding\u00a0warrants issued by the Company\u00a0and traded\u00a0on B3 under the ticker &#8220;GOLL80&#8221; will,\u00a0if not exercised prior to the Merger, be replaced by warrants issued by GLA (&#8220;<b>GLA Warrant<\/b>&#8220;) on a\u00a0one-for-one basis, with the corresponding\u00a0cancellation of the GLAI Warrants, subject to the terms\u00a0of the Protocol.<\/p>\n<p>Each GLA Warrant will entitle its holder to subscribe for thirty-five (35) GLA common shares (i.e., in line with\u00a0the GLAI Base Exchange Ratio), at the current issue price of <span class=\"xn-money\">R$5.82<\/span>.\u00a0<\/p>\n<p>The Company&#8217;s treasury shares will be reissued by GLA in the same proportion as the GLAI Base Exchange Ratio and subscribed by GLA itself, remaining in treasury.<\/p>\n<p>For clarity, the Company presents below a flowchart illustrating the current corporate structure, the proposed structure under the Merger, and the final structure post-Merger.<\/p>\n<p class=\"prntac\">\n        <u>Merger&#8217;s Flowchart<\/u>\n      <\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder6083\">\n<p>\n          <a href=\"https:\/\/mma.prnewswire.com\/media\/2795347\/English.html\" target=\"_blank\" rel=\"nofollow\"><br \/>\n            <img decoding=\"async\" src=\"https:\/\/mma.prnewswire.com\/media\/2795347\/English.jpg\" title=\"\" alt=\"\" \/><br \/>\n          <\/a>\n        <\/p>\n<\/p><\/div>\n<p class=\"prntac\">\n        <u>OPA Exit Level 2<\/u>\n      <\/p>\n<p>GLA does not intend to register\u00a0as a publicly\u00a0held company or\u00a0securities\u00a0issuer. Consequently, GIB, as the controlling shareholder\u00a0of the Company, will launch\u00a0a public tender offer\u00a0for the acquisition of shares issued by the Company to facilitate its\u00a0delisting from Level 2, in accordance with\u00a0the Company&#8217;s\u00a0bylaws\u00a0(Section XI, item 11.3), the\u00a0Level 2 Listing Regulations,\u00a0and CVM Resolution No. 215, dated\u00a0October 29, 2024, as amended (the &#8220;<b>Level 2 Exit Tender Offer<\/b>&#8220;).<\/p>\n<p>All minority shareholders holding preferred shares of\u00a0the Company\u00a0\u2013 including holders of GLAI Warrants who exercise them and acquire preferred shares of GLAI by\u00a0a date to be announced by GLAI&#8217;s management \u2013 will be eligible to\u00a0participate in the Level 2 Exit Tender Offer.<\/p>\n<p>The Company will engage a specialized firm\u00a0to prepare an\u00a0appraisal report of its shares, based on\u00a0economic and financial criteria, for the purposes of the Level 2 Exit Tender Offer (the &#8220;Tender Offer Appraisal Report&#8221;). A\u00a0Special General Meeting of Preferred Shareholders has been convened to select, from a\u00a0triple list proposed\u00a0by the Board of Directors, the firm responsible for preparing the Tender Offer Appraisal Report (the &#8220;<b>Tender Offer Appraiser<\/b>&#8220;).<\/p>\n<p>In accordance with Article\u00a0223, paragraphs 3 and 4 of Law No. 6,404\/76, dissenting\u00a0shareholders of the Company will be entitled to exercise\u00a0withdrawal\u00a0rights, as detailed in the Protocol.<\/p>\n<p>As set forth in the Protocol, GIB reserves the right not to launch and\/or carry out the Level 2 Exit Tender Offer if the total amount to be paid under the offer \u2013 resulting from\u00a0the acquisition of preferred shares held by GLAI&#8217;s minority shareholders, as determined by the price established in the Tender Offer Appraisal Report\u00a0\u2013 is equal to or greater than <span class=\"xn-money\">R$47,250,000.00<\/span> (forty-seven million, two hundred and fifty thousand reais). In such case, if the Level 2 Exit Tender Offer is not launched, the Merger will\u00a0not become effective, as\u00a0one of the conditions precedent for the Merger will not have been satisfied<\/p>\n<p class=\"prntac\">\n        <u>Key Terms and Conditions<\/u>\n      <\/p>\n<p>The\u00a0consummation of the Merger is subject, pursuant to Article\u00a0125 of the Civil Code, to the fulfillment of the following conditions precedent\u00a0(&#8220;<b>Conditions Precedent Merger<\/b>&#8220;):\u00a0(<b>i)<\/b> Launch, implementation, and settlement\u00a0of the Level 2 Exit Tender Offer; \u00a0<b>(ii)<\/b>\u00a0Approval\u00a0of the Merger by the shareholders&#8217;\u00a0meetings\u00a0of the Company, GLA,\u00a0and GIB; \u00a0<b>(iii)<\/b>\u00a0Absence of changes, fluctuations, or acts, facts, or force majeure events that materially and adversely affect the assets of the companies, occurring between <span class=\"xn-chron\">June 30, 2025<\/span>, and the settlement date of the Level 2 Exit Tender Offer; <b>(iv)<\/b> Obtaining third-party\u00a0authorizations from creditors of the Company or GLA,\u00a0and\/or from\u00a0parties to agreements entered into by the companies, as provided for in the applicable contracts.<\/p>\n<p>No fractional shares will result from the Merger, given\u00a0the exchange ratio defined above.<\/p>\n<p>The Merger will be implemented on a date to be defined by the Company, GIB,\u00a0and GLA, following\u00a0compliance with the Conditions Precedent Merger and the expiration of the 30-day period for the exercise of withdrawal rights by the Company&#8217;s\u00a0shareholders.<\/p>\n<p>The Merger will result, among other effects, in:\u00a0<b>(i)<\/b> a\u00a0capital increase of GLA through the issuance of common shares, to be subscribed and paid in by the managers of the Company and GIB on behalf of their\u00a0shareholders;\u00a0and <b>(ii)<\/b> the\u00a0issuance of GLA Warrant.<\/p>\n<p>Up to and including the date of disclosure of the Material Fact announcing\u00a0the implementation of the Merger, a General Shareholders Meeting of GLA will be held to elect the members of its\u00a0Board of Directors.<\/p>\n<p>Information\u00a0required under Articles 21 and 22 of CVM Resolution No. 81 is provided\u00a0in <b><u>Exhibit I<\/u><\/b> and <b><u>Exhibit IV<\/u><\/b> of\u00a0the management proposal published on this date. These documents are\u00a0available at the Company&#8217;s headquarters (located at Rua Verbo Divino, No. 1,661, 11th floor, Ch\u00e1cara Santo Ant\u00f4nio, in the city of S\u00e3o Paulo, State of S\u00e3o Paulo, ZIP Code 04719-002), as well as on the websites of the Company (ri.voegol.com.br), the CVM (<a href=\"http:\/\/www.gov.br\/cvm\" rel=\"nofollow\">www.gov.br\/cvm<\/a>), and B3 (<a href=\"http:\/\/www.b3.com.br\" rel=\"nofollow\">www.b3.com.br<\/a>).<\/p>\n<p class=\"prntac\">\n        <u>Context and rationale for the Merger<\/u>\n      <\/p>\n<p>As part of the Company&#8217;s\u00a0financial reorganization and restructuring plan, a capital increase was carried out through the capitalization of credits held by various creditors, in accordance with the terms approved at the Extraordinary General Meeting held on <span class=\"xn-chron\">May 30, 2025<\/span> (&#8220;<b>Capitalization<\/b>&#8220;). The\u00a0total amount was\u00a0R$12,029,337,733.91, resulting in\u00a0the issuance of 8,193,921,300,487 common shares and 968,821,806,468 preferred shares\u00a0by the Company.<\/p>\n<p>In accordance with\u00a0Law No. 6,404\/76, all GLAI shareholders were given\u00a0the opportunity to subscribe to\u00a0their respective portions of the newly issued\u00a0shares to avoid dilution. However, as disclosed in the Material Fact dated <span class=\"xn-chron\">July 16, 2025<\/span>, only approximately 0.76% of the total preferred shares exercised their preemptive rights.<\/p>\n<p>Following\u00a0the exercise of preemptive rights by certain shareholders,\u00a0GIB became the holder of approximately: <b>(i)<\/b> 99.97% of the Company&#8217;s\u00a0common shares;\u00a0and <b>(ii)<\/b> 99.22% of the Company&#8217;s\u00a0preferred shares.<\/p>\n<p>This resulted in a free float of approximately 0.78% of the Company&#8217;s preferred shares \u2013 significantly below\u00a0the minimum percentage of outstanding shares required by the Level 2 Regulations (&#8220;<b>Minimum Percentage of Outstanding Shares<\/b>&#8220;).<\/p>\n<p>As disclosed in\u00a0the Material Fact dated <span class=\"xn-chron\">July 22, 2025<\/span>, B3 granted the Company a deadline of <span class=\"xn-chron\">January 18<\/span>, 2027,\u00a0to reclassify its free float to meet the\u00a0Minimum Percentage of Outstanding Shares.<\/p>\n<p>Additionally, as disclosed in the Material Fact dated\u00a0September 30, 2025, B3 granted the Company a deadline of\u00a0January 29, 2026, to adjust the unit quotation of its preferred shares to a minimum of <span class=\"xn-money\">R$1.00<\/span> per share, pursuant to Articles 46 to 50 of B3&#8217;s Issuers&#8217; Regulation (&#8220;<b>Minimum Quotation of Preferred Shares<\/b>&#8220;).<\/p>\n<p>Considering this, and taking into account applicable legislation and regulations, the Company&#8217;s management \u2013 together with its indirect controlling shareholder, Abra Group Limited, through its subsidiary GIB \u2013 evaluated alternatives and conducted studies to simplify the governance and organizational structure of the Company, GLA, and their respective subsidiaries. The goal is to enable operational efficiencies and reduce administrative and financial costs resulting from the reorganization, while also addressing the requirements related to the Minimum Percentage of Outstanding Shares and the unit price of preferred shares under B3&#8217;s Issuers&#8217; Regulation.<\/p>\n<p>The Merger seeks\u00a0to streamline\u00a0the Gol Group&#8217;s organizational structure by consolidating the operations of the Company, GIB,\u00a0and GLA, thereby enabling:<\/p>\n<p>(i)\u00a0 Optimization of operational efficiency through simplification of internal processes\u00a0(e.g., accounting,\u00a0tax obligations, intercompany transactions, current account management,\u00a0and corporate acts);<\/p>\n<p>(ii)\u00a0 Enhanced and simplified cash management through enhanced cash concentration and lower carrying costs;<\/p>\n<p>(iii)\u00a0 Strengthening of the Company&#8217;s financial position through unified and more efficient management of equity elements;<\/p>\n<p>(iv)\u00a0 Improved\u00a0corporate governance and reduced structural complexity through\u00a0the unification of the three companies under a single administration;<\/p>\n<p>(v)\u00a0 Utilization\u00a0of tax synergies among\u00a0the Company, GIB,\u00a0and GLA; and<\/p>\n<p>(vi)\u00a0 Resolution of non-compliance with\u00a0the Minimum Percentage of Outstanding Shares and the Minimum Quotation of Preferred Shares.<\/p>\n<p class=\"prntac\">\n        <u>Risks<\/u>\n      <\/p>\n<p>Considering that GIB is, on this date, the holder of 99.97% of the Company&#8217;s\u00a0common shares and 99.22% of its\u00a0preferred shares, and\u00a0that\u00a0the Company is, on this date, the holder of 100% of GLA&#8217;s\u00a0capital stock, the Company&#8217;s\u00a0management understands that the Merger will not result in an increase in risk for\u00a0GLA or the Company, nor\u00a0will it impact the risk profile of the Company&#8217;s\u00a0shareholders or other\u00a0interested parties, including GLA and GIB.<\/p>\n<p>Nonetheless, shareholders should consider specific risks related to the implementation of the Merger, notably:<\/p>\n<p>(i)\u00a0 <u>Risk<\/u><u>\u00a0of non-implementation<\/u><b>:<\/b>\u00a0The consummation of the Merger is subject to approval by shareholders at the General Meeting\u00a0and the fulfillment of the Conditions Precedent to the Merger. Failure to obtain such approvals may render\u00a0the Merger unfeasible,\u00a0and uncertainty regarding its\u00a0potential non-implementation may adversely affect the trading price of the Company&#8217;s shares.<\/p>\n<p>(ii)\u00a0 <u>Risk<\/u><u>\u00a0of loss of liquidity and governance<\/u><b>:<\/b>\u00a0The Company is currently registered in category &#8220;A&#8221; of issuers with the CVM and has its preferred shares listed at Level 2. GLA, however, does not intend to register\u00a0as a publicly\u00a0held company or as a\u00a0securities issuer with the CVM, nor does it intend to list\u00a0its shares on B3. <b><u>Accordingly, upon<\/u><\/b><b><u>\u00a0consummation of the Merger, shareholders who do not sell their shares on the stock exchange or within the scope of the Level 2 Exit Tender Offer, nor exercise their withdrawal<\/u><\/b><b><u>\u00a0rights<\/u><\/b><b><u>, will receive shares <\/u><\/b><b><u>in<\/u><\/b><b><u>\u00a0GLA<\/u><\/b><b><u>\u00a0\u2013 <\/u><\/b><b><u>a closely<\/u><\/b>\u00a0<b><u>held company without <\/u><\/b><b><u>CVM <\/u><\/b><b><u>registration <\/u><\/b><b><u>and<\/u><\/b><b><u>\u00a0without market liquidity for <\/u><\/b><b><u>its<\/u><\/b><b><u>\u00a0shares<\/u><\/b>. Furthermore, GLA will not be subject to the minimum corporate governance requirements set forth in the Level 2 regulations, including, but not limited to, rules regarding board composition, voting rights on\u00a0certain reserved matters, enhanced\u00a0market disclosures, and tag-along rights for\u00a0common and preferred shares. As\u00a0a result,\u00a0shareholders who receive GLA shares may\u00a0experience a significant reduction in both the liquidity of their investments and the scope\u00a0of their corporate rights, compared to the regime currently applicable to shares issued by the Company.<\/p>\n<p class=\"prntac\">\n        <u>Discontinuation of the Disclosure of Projections (Guidance)<\/u>\n      <\/p>\n<p>Pursuant to CVM Resolution No. 44 and CVM Resolution No. 80\/22, the Company informs that, due to the corporate and financial changes arising\u00a0from the potential Merger, it has decided to discontinue the disclosure of its\u00a0financial projections as set forth in item 3 of the Reference Form.<\/p>\n<p class=\"prntac\">\n        <u>Next Steps<\/u>\n      <\/p>\n<p>The Company has already convened the Extraordinary General Meeting and the Special General Meeting of Preferred Shareholders, both scheduled for\u00a0November 4, 2025, to deliberate on the Merger and the appointment of the Tender Offer Appraiser.<\/p>\n<p>Following these\u00a0approvals, the Company will engage with\u00a0the Tender Offer Appraiser, as selected\u00a0by the holders of GLAI&#8217;s preferred shares at the Special General Meeting. Upon issuance of the Tender Offer Appraisal Report, GIB will proceed with the necessary steps to carry out the Level 2 Exit Tender Offer, including the required filings with the CVM and B3.<\/p>\n<p>After settlement of the Level 2 Exit Tender Offer, a withdrawal rights period will be offered, as previously detailed. Upon expiration of this\u00a0period and full satisfaction (or waiver, as applicable) of the Conditions Precedent to the Merger, the Merger will be implemented and completed.<\/p>\n<p>The Company will continue to keep shareholders and the market at large\u00a0duly informed of each stage of the Merger and the Level 2 Exit Tender Offer, in accordance with applicable laws and regulations.<\/p>\n<p>\n        <b>About GOL<\/b>\n      <\/p>\n<p>GOL is one of <span class=\"xn-location\">Brazil&#8217;s<\/span> leading domestic airlines and is part of the Abra Group. Since its founding in 2001, the Company has maintained the lowest unit cost in <span class=\"xn-location\">Latin America<\/span>, democratizing air travel. GOL has alliances with American Airlines and Air France-KLM and offers 18 codeshare and interline agreements to its customers, providing greater convenience and seamless connections to destinations served by these partners. With the purpose of &#8220;Being the First for Everyone&#8221;, GOL delivers the best travel experience to its passengers and offers the best loyalty program, Smiles. In cargo transportation, Gollog enables package delivery to various regions in <span class=\"xn-location\">Brazil<\/span> and abroad. The Company has a team of 14,6 highly qualified aviation professionals focused on Safety \u2014 GOL&#8217;s number one value \u2014 and operates a standardized fleet of 141 Boeing 737 aircraft.\u00a0The Company&#8217;s shares are traded at B3, under the ticker GOLL54. For more information, visit <a href=\"http:\/\/www.voegol.com.br\/ri\" target=\"_blank\" rel=\"nofollow\">www.voegol.com.br\/ri<\/a>.<\/p>\n<div>\n<table border=\"0\" cellspacing=\"0\" cellpadding=\"1\" class=\"prnbcc\">\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>U.S. Media Contact<br \/><\/b>Joele Frank, Wilkinson Brimmer Katcher: <br \/>Leigh Parrish \/ Jed Repko<br \/><a href=\"mailto:lparrish@joelefrank.com\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">lparrish@joelefrank.com<\/a> \/ <a href=\"mailto:jrepko@joelefrank.com\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">jrepko@joelefrank.com<\/a><br \/>+1 212 355 4449<\/span>\n              <\/p>\n<\/td>\n<td class=\"prnpr2 prnpl2 prnvat prnsbtb1 prnrbrb1 prnsbbb1 prnsblb1\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Media Contact in South America<br \/><\/b>In Press Porter Novelli<br \/><a href=\"mailto:gol@inpresspni.com.br\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">gol@inpresspni.com.br<\/a><\/span>\n              <\/p>\n<\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n              \n            <\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n              \n            <\/td>\n<\/tr>\n<tr>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <b>Investor Relations<\/b><br \/>\n                <\/span>\n              <\/p>\n<p class=\"prnml4\">\n                <span class=\"prnews_span\"><br \/>\n                  <u><br \/>\n                    <a href=\"mailto:ir@voegol.com.br\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">ir@voegol.com.br<\/a>\u00a0<br \/><\/u><br \/>\n                  <a href=\"http:\/\/www.voegol.com.br\/ir\" target=\"_blank\" class=\"prnews_a\" rel=\"nofollow\">www.voegol.com.br\/ir<\/a><br \/>\n                <\/span>\n              <\/p>\n<\/td>\n<td class=\"prngen2\" colspan=\"1\" rowspan=\"1\">\n              \n            <\/td>\n<\/tr>\n<\/table><\/div>\n<p>Photo &#8211; <a href=\"https:\/\/mma.prnewswire.com\/media\/2795347\/English.jpg\" target=\"_blank\" rel=\"nofollow\">https:\/\/mma.prnewswire.com\/media\/2795347\/English.jpg<\/a><\/p>\n<div class=\"PRN_ImbeddedAssetReference\" id=\"DivAssetPlaceHolder0\"><\/div>\n<p id=\"PURL\">\n        <img loading=\"lazy\" decoding=\"async\" title=\"Cision\" width=\"12\" height=\"12\" alt=\"Cision\" src=\"https:\/\/edge.prnewswire.com\/c\/img\/favicon.png?sn=SP97086&amp;sd=2025-10-13\" \/> View original content to download multimedia:<a id=\"PRNURL\" rel=\"nofollow\" href=\"https:\/\/www.prnewswire.com\/news-releases\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2-302582700.html\" target=\"_blank\">https:\/\/www.prnewswire.com\/news-releases\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2-302582700.html<\/a><\/p>\n<p>SOURCE  GOL Linhas A\u00e9reas Inteligentes S.A.<\/p>\n<\/p><\/div>\n<p>    <img decoding=\"async\" alt=\"\" src=\"https:\/\/rt.prnewswire.com\/rt.gif?NewsItemId=SP97086&amp;Transmission_Id=202510132237PR_NEWS_USPR_____SP97086&amp;DateId=20251013\" style=\"border:0px;width:1px;height:1px\" \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>PR Newswire S\u00c3O PAULO, Oct. 13, 2025 \/PRNewswire\/ &#8212; GOL Linhas A\u00e9reas Inteligentes S.A. (B3: GOLL54) (&#8220;GOL&#8221; or &#8220;Company&#8221;), one of the main airlines in Brazil, in compliance with article 157, paragraph 4, of Law No. 6,404\/76 and the Resolution of the Brazilian Securities and Exchange Commission No. 44\/2021 (&#8220;Resolution CVM 44&#8220;), hereby informs its shareholders and the market in general that, on this date, the Company&#8217;s\u00a0Board of Directors approved, among other matters, the convening of General Meetings to deliberate\u00a0on the\u00a0proposed merger of the Company and Gol Investment Brasil S.A., a privately held corporation registered with the CNPJ\/MF under No. 55.012.370\/0001-30 (&#8220;GIB&#8220;), into\u00a0Gol Linhas A\u00e9reas S.A., also a privately held corporation registered with the CNPJ\/MF under No. 07.575.651\/0001-59 (&#8220;GLA&#8220;), whose &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Incorporation of GLAI and GIB into GLA and future delisting from Level 2&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-895407","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Incorporation of GLAI and GIB into GLA and future delisting from Level 2 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Incorporation of GLAI and GIB into GLA and future delisting from Level 2 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"PR Newswire S\u00c3O PAULO, Oct. 13, 2025 \/PRNewswire\/ &#8212; GOL Linhas A\u00e9reas Inteligentes S.A. (B3: GOLL54) (&#8220;GOL&#8221; or &#8220;Company&#8221;), one of the main airlines in Brazil, in compliance with article 157, paragraph 4, of Law No. 6,404\/76 and the Resolution of the Brazilian Securities and Exchange Commission No. 44\/2021 (&#8220;Resolution CVM 44&#8220;), hereby informs its shareholders and the market in general that, on this date, the Company&#8217;s\u00a0Board of Directors approved, among other matters, the convening of General Meetings to deliberate\u00a0on the\u00a0proposed merger of the Company and Gol Investment Brasil S.A., a privately held corporation registered with the CNPJ\/MF under No. 55.012.370\/0001-30 (&#8220;GIB&#8220;), into\u00a0Gol Linhas A\u00e9reas S.A., also a privately held corporation registered with the CNPJ\/MF under No. 07.575.651\/0001-59 (&#8220;GLA&#8220;), whose &hellip; Continue reading &quot;Incorporation of GLAI and GIB into GLA and future delisting from Level 2&quot;\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.marketnewsdesk.com\/index.php\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2\/\" \/>\n<meta property=\"og:site_name\" content=\"Market Newsdesk\" \/>\n<meta property=\"article:published_time\" content=\"2025-10-14T02:41:29+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/mma.prnewswire.com\/media\/2795347\/English.jpg\" \/>\n<meta name=\"author\" content=\"Newsdesk\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Newsdesk\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"12 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2\\\/\"},\"author\":{\"name\":\"Newsdesk\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/#\\\/schema\\\/person\\\/482f27a394d4fda80ecb5499e519d979\"},\"headline\":\"Incorporation of GLAI and GIB into GLA and future delisting from Level 2\",\"datePublished\":\"2025-10-14T02:41:29+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2\\\/\"},\"wordCount\":2462,\"image\":{\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/mma.prnewswire.com\\\/media\\\/2795347\\\/English.jpg\",\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2\\\/\",\"url\":\"https:\\\/\\\/www.marketnewsdesk.com\\\/index.php\\\/incorporation-of-glai-and-gib-into-gla-and-future-delisting-from-level-2\\\/\",\"name\":\"Incorporation of GLAI and GIB into GLA and future delisting from Level 2 - 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