Cogna Educação S.A. Announces Final Results of the Offer to Purchase All Outstanding Class A Common Shares of Vasta Platform Limited
Globenewswire·2025-12-11 14:25

Core Points - Cogna Educação S.A. announced the final results of its all cash tender offer for Vasta Platform Limited's Class A common shares at a price of U.S.$5.00 per share, which expired on December 10, 2025 [1][2] - Approximately 15,526,020 Class A Common Shares were validly tendered, representing about 97.21% of the outstanding shares, with an expected payment of U.S.$77.7 million on December 15, 2025 [2] - Following the offer, Cogna plans to delist the Class A Common Shares from NASDAQ and may conduct a statutory merger or compulsory acquisition for remaining shareholders [3] Offer Details - The tender offer was initiated on September 17, 2025, and included multiple amendments up to November 28, 2025 [4] - Equiniti Trust Company, LLC served as the tender agent, while D.F. King & Co., Inc. acted as the information agent [5] Future Actions - After the completion of the tender offer, Cogna intends to take steps to delist and deregister the Class A Common Shares under applicable laws [3]

Cogna Educação S.A. Announces Final Results of the Offer to Purchase All Outstanding Class A Common Shares of Vasta Platform Limited - Reportify