Here’s What Investors Need to Know About Inter & Co’s (INTR) Brazil Listed BDRs

Core Viewpoint - Inter & Co, Inc. (NASDAQ:INTR) is winding down its Sponsored Level II Brazilian Depositary Receipts (BDR) program and transitioning to an Unsponsored Level I BDR structure, pending regulatory approvals [1][3] Group 1: Company Actions - The company plans to cancel its registration with the CVM as a category A foreign securities issuer to simplify its regulatory setup and eliminate duplicative requirements [3] - After the discontinuation of the Sponsored Level II BDR program, holders will have a 30-day period to choose between receiving Nasdaq-listed Class A shares, selling the underlying shares, or converting to Unsponsored Level I BDR on a one-for-one basis [4] Group 2: Analyst Sentiment - Prior to the announcement, UBS raised its price target on Inter & Co, Inc. from $10.5 to $11, indicating a potential upside of 14.46% from current levels while reaffirming a Buy rating [5] Group 3: Company Overview - Inter & Co, Inc. operates in insurance brokerage, banking, investments, and inter shop businesses in the U.S. and Brazil, providing various banking products and services [6]