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Inter & Co, Inc. (the "Company"), a commercial bank classified under SIC code 6029, announced today the initiation of a subsidy period for the conversion of its Brazilian Depositary Receipts (BDRs) and Class A shares. According to the SEC Form 6-K filed on Tuesday, May 27, 2025, the report is in compliance with the Securities Exchange Act of 1934, applicable to foreign private issuers.
The document, which serves as a monthly update to the United States Securities and Exchange Commission, details the company’s corporate information, including its executive offices located in Belo Horizonte, Brazil, and registered executive offices in the Cayman Islands. The filing also confirms that the company will continue to submit annual reports under the cover of Form 20-F.
This announcement is significant for investors holding BDRs and Class A shares of Inter & Co, as it outlines the terms and conditions under which these securities can be converted. The subsidy period may have implications for the liquidity and market value of these securities, although the specific details of the subsidy were not disclosed in the summary of the filing.
The Form 6-K submission was signed by Rafaela de Oliveira Vitoria, the Investor Relations Officer of Inter & Co, ensuring the accuracy and authorization of the provided information. The document also includes an exhibit index, which refers to the detailed description of the subsidy period for the conversion of the company’s securities.
Investors and stakeholders are advised to review the complete filing for a comprehensive understanding of the terms and implications associated with the subsidy period. As a standard practice, the company will likely provide further details and guidance on the process and benefits of the conversion to its investors.
The information reported here is based on the press release statement filed with the SEC and does not include any speculative or additional analysis by the author.
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