Abra Discloses Preliminary U.S. IPO Filing as It Reshapes Board for Listing

Overview

• Abra said it submitted a preliminary Form F-1 to the SEC in November as an initial step toward a U.S. listing.
• The filing is a draft prospectus that can change as the company tests investor interest during the regulatory review.
• Shareholders approved a nine-member board effective Jan. 1 with four new directors—Robert Fornaro, Timothy Coleman, Stephen Kavanagh and Howard Millar—to satisfy U.S. independence requirements.
• The company reiterated that both the transaction and its timing remain contingent on market conditions and completion of the SEC process.
• Recent actions include planning to take Gol private, ending discussions with Azul and expanding Airbus orders, alongside a stated intention to convert into a U.S. corporation in 2026.