Business
Light : Material Fact - Capital Increase Approval
Light : Material Fact - Capital Increase
About this update from Light S.a.
LIGHT S.A. - Under Judicial Reorganization Corporate Taxpayer ID 03.378.521/0001-75 NIRE 33.300.263.16-1 PUBLICLY-HELD COMPANY Material Fact Light S.A. - Under Judicial Reorganization (B3: LIGT3; ADR I: LGSXY) (" Company "), in compliance with CVM Resolution 44 of August 23, 2021, hereby informs its shareholders and the market in general that, at a meeting held on this date, the Company's Board of Directors approved the Company's capital increase, within the limit of authorized capital provided for in Article 5 of its Bylaws, in the amount of at least R$1,000,000,000.48 (one billion reais and forty-eight centavos) and at most R$1,500,000,000.72 (one billion, five hundred million reais and seventy-two centavos), through the issuance, for private subscription, of at least 158,982,512 (one hundred fifty-eight million, nine hundred eighty-two thousand, five hundred twelve) new registered, book-entry, no par value common shares (" Shares ") (" Minimum Number of Shares ") and at most 238,473,768 (two hundred thirty-eight million, four hundred seventy-three thousand, seven hundred sixty-eight) Shares, at the issue price of R$6.29 (six reais and twenty-nine centavos) per Share (" Capital Increase "). The issue price of the Shares was set pursuant to Article 170, §1, item III of the Brazilian Corporations Law, calculated based on the volume-weighted average price (VWAP) of Light's Shares traded on B3 - S.A. Brasil, Bolsa, Balcão (" B3 ") during the 60 (sixty) trading sessions immediately prior to February 23, 2024 (inclusive). The price was set without undue dilution to the Company's current shareholders and was approved under the JR Plan (as defined below). As approved by the Company's Board of Directors, the Capital Increase may be partially ratifiedin the event of subscription of Shares corresponding to at least the Minimum Number of Shares. The purpose of the Capital Increase is to fulfill the obligations assumed by the Company under Clause 5 and its sub-clauses of the Company's judicial reorganization plan, approved at the General Creditors' Meeting on May 29, 2024, the result of which was ratified by the 3 rd Business Court of the Judicial District of the Capital of the State of Rio de Janeiro on June 18, 2024, within the Company's judicial reorganization proceedings, filed under N o 0843430-58.2023.8.19.0001 (" JR Plan "). Shareholders of the Company will be assured preemptive rights to subscribe for the new Shares issued in the Capital Increase, pursuant to Article 171 of the Brazilian Corporations Law, according to the information contained in the Notice to Shareholders disclosed on this date. To encourage participation in the Capital Increase and maximize the Company's capital raising, subscription warrants, all registered and book-entry (" Subscription Warrants "), will be granted as an additional benefit to subscribers of the Shares issued in the Capital Increase, at the ratio of 2 (two) Subscription Warrants for each 1 (one) new Share subscribed in the Capital Increase. Each Subscription Warrant will entitle its holder to subscribe for 1 (one) registered, book-entry, no par value common share issued by the Company (" Warrant Share "), at an exercise price of R$0.01 (one centavo of Real) per Warrant Share. Additional information about the Capital Increase can be found in the minutes of the Board of Directors meeting that approved it and in the Notice to Shareholders containing the information required under Annex E of CVM Resolution No. 80/2022, as well as the description of the procedures for exercising preemptive rights in the context of the Capital Increase, available on the CVM website ( www.cvm.gov.br ), the B3 website ( www.b3.com.br ), and the Company's investor relations website ( https://ri.light.com.br/ ). Consistent with best practices, the Company will keep the market and the general public duly and promptly updated on relevant information related to this matter, under the terms of the applicable laws and regulations. Rio de Janeiro, May 14, 2026. Leonardo Pimenta Gadelha Chief Financial and Investor Relations Officer LIGHT S.A. - IN JUDICIAL REORGANIZATION RJ - 11752848v1