• Braskem's Board of Directors today authorized initiating proceedings for judicial reorganization under Brazilian law and potentially Chapter 15 of the U.S. Bankruptcy Code, signaling severe financial distress.
  • This follows a financial mediation process initiated on June 25, 2026, with creditors to reorganize its capital structure and address significant balance-sheet pressures.
  • The sharp two-day selloff extends negative sentiment tied to weak Q1 2026 operational data, persistent losses, and a high-risk profile, as investors react to the intensifying debt crisis.