Cosan stock trades after its NYSE delisting

Cosan stock stood at USD 2.96 in OTC Markets on September 23, 2026, after the company's final NYSE trading session for its ADSs on September 18. StockTitan reported that Cosan will keep its Level I ADR program in the US over-the-counter market.

NYSE exit changes the quote

The September 18 delisting removed Cosan's ADSs from the NYSE, but it did not end US trading access. The securities continued through OTC Markets, giving the ADR a different venue and ticker context from its former exchange listing.

The USD 2.96 price on September 23 was accompanied by a 0.85 percent daily gain. That move matters less than the listing change itself because the new OTC setting can alter liquidity, visibility and how US investors follow the security.

Debt reduction supplies the key figure

Cosan's Q2 2026 results showed expanded net debt of BRL 9.2 billion, down 20 percent from the prior quarter, according to ScanX. The same Q2 report showed a net loss of BRL 320 million and expanded gross debt of BRL 16.5 billion.

The comparison is the central operating signal: a 20 percent quarter-over-quarter reduction in expanded net debt sits alongside a still substantial gross debt balance. ScanX attributed the improvement partly to BRL 2.3 billion raised through the Compass IPO, making capital allocation and asset monetization central to the investment case.

Portfolio spans six businesses

Cosan describes a portfolio covering agriculture, energy, gas, logistics infrastructure, fuel distribution and lubricants on its company website. That breadth links the stock to several operating assets, while the Q2 debt figures keep balance-sheet execution at the center of the near-term reading.

OTC trading sets the reference

Cosan stock stood at USD 2.96 in OTC Markets on September 23, 2026, with a 0.85 percent daily gain. The reference price reflects the post-NYSE trading venue rather than a new exchange listing.