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Inter & Co completes BDR program discontinuation by selling 12.3M shares
INTRInter & Co, Inc.
Inter & Co, Inc. announced that its Sales Facility for the Level II Sponsored BDR Program has been completed, with all 12,281,668 Class A Common Shares sold. Banco Bradesco S.A., the depositary, will consolidate U.S. dollar proceeds, convert them to Brazilian reais, and distribute net amounts to holders after deducting applicable taxes. The final per-share amount and payment date will be disclosed once foreign-exchange conversion is finalized. This action concludes the voluntary delisting of Inter & Co's American Depositary Receipts from the U.S. market. Inter & Co operates as a digital banking platform in Brazil.