# EDGAR Filing Document

**Accession Number:** 0001468642
**File Stem:** 0000919574-25-007034
**Filing Date:** 2025-11
**Character Count:** 20802
**Document Hash:** 2f4cec70c305d4f68d1d5efc884b79ae
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000919574-25-007034.hdr.sgml**: 20251114

**ACCESSION NUMBER**: 0000919574-25-007034

**CONFORMED SUBMISSION TYPE**: SCHEDULE 13G

**PUBLIC DOCUMENT COUNT**: 3

**FILED AS OF DATE**: 20251114

**DATE AS OF CHANGE**: 20251114

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Aura Minerals Inc.
- **CENTRAL INDEX KEY:** 0001468642
- **STANDARD INDUSTRIAL CLASSIFICATION:** METAL MINING [1000]
- **ORGANIZATION NAME:** 01 Energy & Transportation
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D8
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-90278
- **FILM NUMBER:** 251488105

**BUSINESS ADDRESS:**
- **STREET 1:** CRAIGMUIR CHAMBERS
- **STREET 2:** BOX 71
- **CITY:** ROAD TOWN TORTOLA
- **STATE:** D8
- **ZIP:** 000000
- **BUSINESS PHONE:** 866-881-9982

**MAIL ADDRESS:**
- **STREET 1:** CRAIGMUIR CHAMBERS
- **STREET 2:** BOX 71
- **CITY:** ROAD TOWN TORTOLA
- **STATE:** D8
- **ZIP:** 000000

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** AURA MINERALS INC
- **DATE OF NAME CHANGE:** 20090717
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Kapitalo Investimentos Ltda
- **CENTRAL INDEX KEY:** 0001798686

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SCHEDULE 13G

**BUSINESS ADDRESS:**
- **STREET 1:** AVENIDA BRIGADEIRO FARIA LIMA, 3144
- **STREET 2:** 11TH FLOOR
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 01451-000
- **BUSINESS PHONE:** 551139560600

**MAIL ADDRESS:**
- **STREET 1:** AVENIDA BRIGADEIRO FARIA LIMA, 3144
- **STREET 2:** 11TH FLOOR
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 01451-000

## Ex-99

<u>Exhibit A</u>

<u>JOINT FILING AGREEMENT</u>

The undersigned agree that this Schedule 13G dated November 14, 2025 relating to the common shares, no par value, of Aura Minerals Inc. shall be filed on behalf of the undersigned.

---

| |
|:---|
| &nbsp;&nbsp; KAPITALO INVESTIMENTOS LTDA.<br>By: /s/ Rodrigo Muniz Ferreira Cavenaghi |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Rodrigo Muniz Ferreira Cavenaghi |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Managing Officer |

---

---

| |
|:---|
| &nbsp;&nbsp; KAPITALO CICLO GESTORA DE RECURSOS FINANCEIROS LTDA.<br>By: /s/ Rodrigo Muniz Ferreira Cavenaghi |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Name: Rodrigo Muniz Ferreira Cavenaghi |
| &nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;Title: Attorney-in-Fact |

---

&nbsp;&nbsp; CARLOS LEONHARD DA ROCHA WOELZ<br>By: /s/ Carlos Leonhard da Rocha Woelz<br>

&nbsp;&nbsp; BRUNO SOUSA MAUAD<br>By: /s/ Bruno Sousa Mauad<br>

&nbsp;&nbsp; HEGLER JOSE HORTA BARBOSA FILHO<br>By: /s/ Hegler Jose Horta Barbosa Filho<br>

&nbsp;&nbsp; BRUNO CARVALHO CORDEIRO<br>By: /s/ Bruno Carvalho Cordeiro<br>

## Ex-99

<u>Exhibit B</u>

<u>CONTROL PERSON IDENTIFICATION</u>

Kapitalo Investimentos Ltda. is the relevant entity for which Carlos Leonhard da Rocha Woelz, Bruno Sousa Mauad and Hegler Jose Horta Barbosa Filho may be considered control persons.

Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. is the relevant entity for which Carlos Leonhard da Rocha Woelz, Bruno Sousa Mauad, Bruno Carvalho Cordeiro and Hegler Jose Horta Barbosa Filho may be considered control persons.

### UNITED STATES SECURITIES AND EXCHANGE COMMISSION
**Washington, D.C. 20549**

## SCHEDULE 13G

### Under the Securities Exchange Act of 1934

**Issuer:** Aura Minerals Inc.

**Title of Class of Securities:** common shares, no par value

**CUSIP Number:** G06973112

**Date of Event Which Requires Filing of this Statement:** 09/30/2025

**Check the appropriate box to designate the rule pursuant to which this Schedule is filed:**

- [ ] Rule 13d-1(b)

- [ ] Rule 13d-1(c)

- [x] Rule 13d-1(d)

---

| 1. | Names of Reporting Persons<br>Kapitalo Investimentos Ltda | Names of Reporting Persons<br>Kapitalo Investimentos Ltda |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D5 | Citizenship or Place of Organization<br>D5 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4701125.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4701125.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4701125.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4701125.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.7% | Percent of Class Represented by Amount in Row (9)<br>5.7% |
| 12. | Type of Reporting Person (See Instructions)<br>CO, FI | Type of Reporting Person (See Instructions)<br>CO, FI |

---

| 1. | Names of Reporting Persons<br>Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. | Names of Reporting Persons<br>Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D5 | Citizenship or Place of Organization<br>D5 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4757822.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4757822.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4757822.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4757822.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.8% | Percent of Class Represented by Amount in Row (9)<br>5.8% |
| 12. | Type of Reporting Person (See Instructions)<br>CO, FI | Type of Reporting Person (See Instructions)<br>CO, FI |

---

| 1. | Names of Reporting Persons<br>Carlos Leonhard da Rocha Woelz | Names of Reporting Persons<br>Carlos Leonhard da Rocha Woelz |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D5 | Citizenship or Place of Organization<br>D5 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5792535.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5792535.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5792535.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5792535.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.0% | Percent of Class Represented by Amount in Row (9)<br>7.0% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, IN | Type of Reporting Person (See Instructions)<br>HC, IN |

---

| 1. | Names of Reporting Persons<br>Bruno Sousa Mauad | Names of Reporting Persons<br>Bruno Sousa Mauad |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D5 | Citizenship or Place of Organization<br>D5 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5792535.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5792535.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5792535.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5792535.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.0% | Percent of Class Represented by Amount in Row (9)<br>7.0% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, IN | Type of Reporting Person (See Instructions)<br>HC, IN |

---

| 1. | Names of Reporting Persons<br>Hegler Jose Horta Barbosa Filho | Names of Reporting Persons<br>Hegler Jose Horta Barbosa Filho |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D5 | Citizenship or Place of Organization<br>D5 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>5792535.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>5792535.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5792535.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>5792535.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>7.0% | Percent of Class Represented by Amount in Row (9)<br>7.0% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, IN | Type of Reporting Person (See Instructions)<br>HC, IN |

---

| 1. | Names of Reporting Persons<br>Bruno Carvalho Cordeiro | Names of Reporting Persons<br>Bruno Carvalho Cordeiro |
|:---|:---|:---|:---|
| 2. | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] | Check the Appropriate Box if a Member of a Group (See Instructions)<br>(a) [ ] (b) [x] |
| 3. | SEC Use Only | SEC Use Only |
| 4. | Citizenship or Place of Organization<br>D5 | Citizenship or Place of Organization<br>D5 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 5. | Sole Voting Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 6. | Shared Voting Power<br>4757822.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 7. | Sole Dispositive Power<br>0.00 |
| Number of<br>Shares<br>Beneficially<br>Owned by<br>Each<br>Reporting<br>Person<br>With | 8. | Shared Dispositive Power<br>4757822.00 |
| 9. | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4757822.00 | Aggregate Amount Beneficially Owned by Each Reporting Person<br>4757822.00 |
| 10. | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] | Check if the Aggregate Amount in Row (9) Excludes Certain Shares (See Instructions) [ ] |
| 11. | Percent of Class Represented by Amount in Row (9)<br>5.8% | Percent of Class Represented by Amount in Row (9)<br>5.8% |
| 12. | Type of Reporting Person (See Instructions)<br>HC, IN | Type of Reporting Person (See Instructions)<br>HC, IN |

---

**Item 1(a). Name of Issuer:**
Aura Minerals Inc.

**Item 1(b). Address of Issuer's Principal Executive Offices:**
c/o Aura Technical Services Inc., 3390 Mary St, Suite 116, Coconut Grove, Florida, 33133, United States

**Item 2(a). Name of Person Filing:**
Carlos Leonhard da Rocha Woelz
Bruno Sousa Mauad
Hegler Jose Horta Barbosa Filho
Bruno Carvalho Cordeiro
Kapitalo Investimentos Ltda.
Kapitalo Ciclo Gestora de Recursos Financeiros Ltda.

**Item 2(b). Address of Principal Business Office:**
Kapitalo Investimentos Ltda.
Avenida Brigadeiro Faria Lima
3144, 11th Floor
Sao Paulo, Brazil, 01451-000

Kapitalo Ciclo Gestora de Recursos Financeiros Ltda.
Avenida Ataulfo de Paiva, n  1.120, sala 509
Rio de Janeiro, RJ
CEP 22.440-035
Brazil

Carlos Leonhard da Rocha Woelz
Avenida Brigadeiro Faria Lima
3144, 11th Floor
Sao Paulo, Brazil, 01451-000

Bruno Sousa Mauad
Avenida Brigadeiro Faria Lima
3144, 11th Floor
Sao Paulo, Brazil, 01451-000

Hegler Jose Horta Barbosa Filho
Avenida Brigadeiro Faria Lima
3144, 11th Floor
Sao Paulo, Brazil, 01451-000

Bruno Carvalho Cordeiro
Avenida Brigadeiro Faria Lima
3144, 11th Floor
Sao Paulo, Brazil, 01451-000

**Item 2(c). Citizenship:**
Kapitalo Investimentos Ltda. - Brazil
Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. - Brazil
Carlos Leonhard da Rocha Woelz - Brazil
Bruno Sousa Mauad - Brazil
Hegler Jose Horta Barbosa Filho - Brazil
Bruno Carvalho Cordeiro - Brazil

**Item 2(d). Title of Class of Securities:**
common shares, no par value

**Item 2(e). CUSIP Number:**
G06973112

**Item 3. If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:**

(a) [ ] Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).

(b) [ ] Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).

(c) [ ] Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).

(d) [ ] Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).

(e) [ ] An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);

(f) [ ] An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);

(g) [ ] A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);

(h) [ ] A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);

(i) [ ] A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);

(j) [ ] A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), if filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:

(k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).

**Item 4. Ownership:**

**(a) Amount beneficially owned:**

Kapitalo Investimentos Ltda. - 4,701,125
Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. - 4,757,822
Carlos Leonhard da Rocha Woelz - 5,792,535
Bruno Sousa Mauad - 5,792,535
Hegler Jose Horta Barbosa Filho - 5,792,535
Bruno Carvalho Cordeiro - 4,757,822

**(b) Percent of class:**

Kapitalo Investimentos Ltda. - 5.7%
Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. - 5.8%
Carlos Leonhard da Rocha Woelz - 7.0%
Bruno Sousa Mauad - 7.0%
Hegler Jose Horta Barbosa Filho - 7.0%
Bruno Carvalho Cordeiro - 5.8%

**(c) Number of shares as to which the person has:**

**(i) Sole power to vote or to direct the vote:**

Kapitalo Investimentos Ltda. - 4,701,125
Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. - 4,757,822
Carlos Leonhard da Rocha Woelz - 5,792,535
Bruno Sousa Mauad - 5,792,535
Hegler Jose Horta Barbosa Filho - 5,792,535
Bruno Carvalho Cordeiro - 4,757,822

**(ii) Shared power to vote or to direct the vote:**

Kapitalo Investimentos Ltda. - 4,701,125
Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. - 4,757,822
Carlos Leonhard da Rocha Woelz - 5,792,535
Bruno Sousa Mauad - 5,792,535
Hegler Jose Horta Barbosa Filho - 5,792,535
Bruno Carvalho Cordeiro - 4,757,822

**(iii) Sole power to dispose or to direct the disposition of:**

Kapitalo Investimentos Ltda. - 0
Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. - 0
Carlos Leonhard da Rocha Woelz - 0
Bruno Sousa Mauad - 0
Hegler Jose Horta Barbosa Filho - 0
Bruno Carvalho Cordeiro - 0

**(iv) Shared power to dispose or to direct the disposition of:**

Kapitalo Investimentos Ltda. - 4,701,125
Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. - 4,757,822
Carlos Leonhard da Rocha Woelz - 5,792,535
Bruno Sousa Mauad - 5,792,535
Hegler Jose Horta Barbosa Filho - 5,792,535
Bruno Carvalho Cordeiro - 4,757,822

**Item 5. Ownership of Five Percent or Less of a Class.**

[x] If this statement is being filed to report the fact that as of the date hereof the reporting person has ceased to be the beneficial owner of more than five percent of the class of securities, check the following.

**Item 6. Ownership of More than 5 Percent on Behalf of Another Person.**

All of the securities reported in this Schedule 13G are directly owned by advisory clients of Kapitalo Investimentos Ltda. and Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. None of those advisory clients may be deemed to beneficially own more than 5% of the common shares, no par value.

**Item 7. Identification and Classification of the Subsidiary**

Please see Exhibit B attached hereto.

**Item 8. Identification and Classification of Members of the Group**

Not Applicable

**Item 9. Notice of Dissolution of Group**

Not Applicable

**Item 10. Certification:**

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

### SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

**Kapitalo Investimentos Ltda**

**Date:** 11/14/2025

**By:** /s/ Rodrigo Muniz Ferreira Cavenaghi

**Name & Title:** Rodrigo Muniz Ferreira Cavenaghi / Managing Officer

**Kapitalo Ciclo Gestora de Recursos Financeiros Ltda.**

**Date:** 11/14/2025

**By:** /s/ Rodrigo Muniz Ferreira Cavenaghi

**Name & Title:** Rodrigo Muniz Ferreira Cavenaghi / Attorney-in-Fact

**Carlos Leonhard da Rocha Woelz**

**Date:** 11/14/2025

**By:** /s/ Carlos Leonhard da Rocha Woelz

**Name & Title:** Carlos Leonhard da Rocha Woelz

**Bruno Sousa Mauad**

**Date:** 11/14/2025

**By:** /s/ Bruno Sousa Mauad

**Name & Title:** Bruno Sousa Mauad

**Hegler Jose Horta Barbosa Filho**

**Date:** 11/14/2025

**By:** /s/ Hegler Jose Horta Barbosa Filho

**Name & Title:** Hegler Jose Horta Barbosa Filho

**Bruno Carvalho Cordeiro**

**Date:** 11/14/2025

**By:** /s/ Bruno Carvalho Cordeiro

**Name & Title:** Bruno Carvalho Cordeiro