Kapitalo Investimentos Ltda. and four affiliated individuals filed an amended beneficial ownership statement with the SEC on November 9, 2026, disclosing a combined 4,111,703 common shares of Aura Minerals Inc. as of December 31, 2025.

Key Highlights

  • Aggregate holding: Each reporting person disclosed beneficial ownership of 4,111,703 common shares, no par value, of Aura Minerals Inc.
  • Percentage of class: The 4,111,703 shares represent 4.9% of the outstanding common shares, according to the filing.
  • All power is shared: Each reporting person reported zero sole voting power and zero sole dispositive power; all 4,111,703 shares are held under shared voting and shared dispositive power.
  • Merger noted: On December 31, 2025, Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. merged into Kapitalo Investimentos Ltda., consolidating the previously reported shares under Kapitalo Investimentos Ltda.
  • Prior combined total: As of the merger date, Kapitalo Investimentos Ltda. had shared voting and dispositive power over 5,792,535 common shares before the figures were finalized at 4,111,703.
  • No advisory client exceeds 5%: According to the filing, "None of those advisory clients may be deemed to beneficially own more than 5% of the Common Shares, no par value."

Kapitalo's Ownership Position in Aura Minerals Following Internal Restructuring

Aura Minerals Inc. is a gold and base metals mining company whose common shares carry no par value and are identified by CUSIP number G06973112. The company's principal executive offices are listed in the filing as care of Aura Technical Services Inc., 3390 Mary St., Suite 116, Coconut Grove, Florida 33133. The amended ownership statement covers the event date of December 31, 2025, and was filed on November 9, 2026.

According to the filing, Kapitalo Investimentos Ltda., a Brazil-organized entity headquartered at Avenida Brigadeiro Faria Lima 3144, 11th Floor, Sao Paulo, Brazil, is classified as a corporation and financial institution (CO, FI). The four individual reporting persons, Carlos Leonhard da Rocha Woelz, Bruno Sousa Mauad, Hegler Jose Horta Barbosa Filho, and Bruno Carvalho Cordeiro, are each classified as holding company or control person and individual (HC, IN). All five parties share the same Sao Paulo address and Brazilian citizenship, the filing disclosed.

The filing stated that the securities reported are "directly owned by advisory clients of Kapitalo Investimentos Ltda." and that none of those advisory clients individually holds more than 5% of the class. The amendment reflects a structural change: Kapitalo Ciclo Gestora de Recursos Financeiros Ltda. ("Ciclo") merged into Kapitalo Investimentos Ltda. on December 31, 2025, and "Ciclo no longer has beneficial ownership over any Common Shares, no par value," according to the filing. Item 5 of the filing designates the aggregate position as ownership of 5 percent or less of the class.

What Was Disclosed

Kapitalo Investimentos Ltda. and four Brazil-based individuals jointly reported shared beneficial ownership of 4,111,703 common shares of Aura Minerals Inc., equal to 4.9% of the class, following a December 31, 2025 merger that absorbed a predecessor entity.