Inter & Co, Inc. has successfully completed its Sales Facility, selling 12,281,668 Class A Common Shares as part of the discontinuation of its Level II Sponsored BDR Program. This significant step reflects a strategic shift for the company and highlights its ongoing adjustments in the financial landscape.

The completion of the Sales Facility is a crucial development for Inter & Co, which operates in the commercial banking sector. The company will now proceed to consolidate the proceeds from these sales, convert them into Brazilian reais, and process payments to BDR holders after applicable taxes are deducted.

Background

Inter & Co, Inc. is a foreign private issuer registered with the Brazilian Securities and Exchange Commission (Comissão de Valores Mobiliários, or CVM) as a Category “A” issuer. The company is listed on the Nasdaq under the ticker symbol INTR and operates primarily in the commercial banking sector, specifically classified under SIC 6029, which encompasses commercial banks not elsewhere classified.

In its recent filings, including this one dated November 10, 2026, Inter & Co has been actively managing its financial instruments and strategies to adapt to market conditions. The company previously announced the discontinuation of its BDR program, which has been a significant focus in its communications.

What the Filing Says

The SEC filing details that all Class A Common Shares subject to the Sales Facility were sold, totaling 12,281,668 shares. The filing states, "Banco Bradesco S.A., the depositary for the Level II Sponsored BDR Program, will consolidate the U.S. dollar proceeds, carry out the foreign-exchange conversion into Brazilian reais, and process the net amounts to be credited to holders through their respective brokers or custodians, after deducting applicable taxes, if any." This indicates a structured approach to managing the financial outcomes of the sales.

Impact

This development may affect various stakeholders, including existing shareholders and BDR holders, as they await the final amounts payable per Level II Sponsored BDR. The completion of the Sales Facility signals a major transition for Inter & Co, which could influence how other commercial banks approach similar programs in the future.

What's Next

The company has stated that it will provide further details regarding the final amount payable to BDR holders and the expected payment date in a subsequent notice. As the market awaits this information, Inter & Co will continue to keep its shareholders and BDR holders informed about the next steps in the discontinuation of the Level II Sponsored BDR Program.

For further information, stakeholders can refer to the company's previous disclosures or contact the Investor Relations Department via email.