In October 2024, Sequoia announced a follow-on public offering targeting up to R$150 million to finance its recent merger activities. This capital raise aims to strengthen the company’s financial structure, support integration costs, and fuel expansion initiatives.
The offering provides existing and new investors an opportunity to participate in Sequoia’s growth story, reinforcing confidence in the company’s strategic direction. Proceeds will be allocated toward technology upgrades, fleet expansion, and network optimization.
Financial experts view this move as a prudent step to enhance liquidity and facilitate seamless merger execution, ultimately benefiting shareholder value.
The company emphasized transparency throughout the offering process, aligning with best corporate governance standards.
Source: São Paulo Stock Exchange News, October 20, 2024