Recent Updates — INTR
Banco Inter, an indirect subsidiary of Inter & Co, has entered into a Share Purchase Agreement to acquire the remaining 39.75% interest in Inter Digital Corretora e Consultoria em Seguros S.A. (Inter Seguros) from Wiz Co Participações e Corretagem de Seguros S.A. for R$409,487,500. The purchase price is subject to adjustment based on the CDI rate and payable at closing. The transaction requires approval from Brazil's Central Bank and Administrative Council for Economic Defense (CADE). Upon completion, Banco Inter will become the sole shareholder of Inter Seguros, which serves over 9 million active contracts integrated into the company's Super App. This move aims to accelerate product innovation and capture more value from the insurance segment. Inter & Co operates as a digital banking and financial services provider in Brazil.
Inter & Co has discontinued its Level II Sponsored Brazilian Depositary Receipts (BDR) program. The selection period ended on October 16, 2026, and the Level II BDRs (ticker: INBR32) ceased trading on the B3 exchange after market close that day. A subsequent period runs from October 19 through November 17, 2026, during which holders who did not elect to receive Unsponsored Level I BDRs or Class A Common Shares will have their shares sold via a best-efforts sales facility managed by Banco Bradesco S.A. on Nasdaq. Proceeds will be converted from U.S. dollars to Brazilian reais and distributed to investors. Inter & Co operates as a digital financial services company in Brazil.
Inter & Co, Inc. announced a senior leadership structure evolution effective upon required approvals. Francisco Santos is expected to join the company as Senior Vice President Chief Growth Officer, bringing experience from Midway, PicPay, and Itaú Unibanco to coordinate business priorities in Brazil and advance monetization initiatives. Alexandre Riccio has been appointed Executive Vice Chairman of the Board and Senior Vice President Chief Operating Officer, overseeing credit, collections, and operations group-wide. These changes aim to create a more efficient management model to support long-term results and operational excellence within the digital banking sector.
Inter & Co, Inc. announced the operational details for the discontinuation of its Level II Sponsored Brazilian Depositary Receipts (BDR) Program following partial approval from the CVM Board on May 6, 2026. The Selection Period runs from September 17 to October 16, 2026, during which holders may elect to receive Class A Shares traded on NASDAQ or Level I Unsponsored BDRs (ticker: INBR34) traded on B3 in a 1-to-1 ratio. Holders failing to make an election will automatically have their positions sold via the Sales Facility on NASDAQ, with proceeds converted to Brazilian reais and distributed after November 17, 2026. Following program completion, the Company intends to cancel its registration as a category 'A' foreign issuer with the CVM. Inter & Co operates in the financial services industry, providing digital banking and investment solutions.