Cosan SA (CSAN) Bleeds Heavily on 2-Billion Share Sale

Group 1 - Cosan SA has experienced a significant decline in stock price, dropping 17.84% to $4.65, attributed to investor concerns over a planned $2 billion public offering aimed at reducing debt [1][3]. - The company has entered into an investment agreement for two rounds of share sales in Brazil, involving primary issuance of 1.45 billion common shares, with a potential increase of 362.5 million shares [2][3]. - The funds raised from the public offerings will be exclusively used for renegotiating and repaying financial debts to effectively reduce financial leverage [4]. Group 2 - The first public offering is expected to close on November 14, 2025, with investors committed to subscribing at a price of R$5.00 per share [3][4].