Business Context and Reporting Period
This Form 6-K filing by StoneCo Ltd. (Stone) covers the month of July 2021, with the report dated July 6, 2021. The filing incorporates by reference a Notice to Shareholders issued by Linx S.A. regarding the ongoing business combination between Linx and STNE Participações S.A., a subsidiary of Stone. The transaction was originally approved by shareholders in November 2020.
Key Financial Metrics
The filing does not provide standard financial performance metrics such as revenue, profit, cash flow, margins, debt, or liquidity for StoneCo Ltd. or Linx S.A. for the reporting period. The document focuses exclusively on the settlement terms of the merger transaction.
Material Changes and Transaction Details
- Cash Installment Settlement: STNE is scheduled to pay the redemption amount for STNE Class A preferred shares to Linx shareholders on July 7, 2021 (Cash Installment Settlement Date).
- Shareholder Eligibility: Payments apply to holders of Linx shares at the end of the trading session on June 25, 2021.
- Payment Amount: The Final Adjusted Amount of the Cash Installment is set at R$ 33.5229 (thirty-three point five two two nine reais) per STNE Class A preferred share.
- Adjustments: This amount includes all adjustments and updates from the Protocol and Justification, including the projected variation of the DI Rate up to the settlement date.
- Taxation and Rounding: All amounts are gross and do not account for taxes levied on payments to residents or non-residents. Fractional amounts may be rounded off if necessary.
Guidance, Outlook, and Risks
Management commentary is limited to the procedural execution of the merger. The filing notes that if there are changes to the DI Rate projection, a new Notice to Shareholders will be published. No specific financial guidance, risk factors, or contingencies regarding future operations are detailed in this specific document.
Investor Verification Checklist
- Verify the final settlement date of July 7, 2021, for the cash installment payment.
- Confirm the exact redemption price of R$ 33.5229 per share and any potential rounding adjustments.
- Check for any subsequent notices regarding changes to the DI Rate projection that could alter the final payment amount.
- Review the "June Notices" referenced in the text for detailed tax implications for resident and non-resident shareholders.