Business Context and Reporting Period
This Form 6-K filing by Inter & Co, Inc. (NASDAQ: INTR; B3: INBR32) is dated April 15, 2025. The report serves as a Notice to the Market regarding a relevant equity purchase by Banco BTG Pactual S.A. ("BTG Pactual") and its managed funds. The filing does not contain financial results or operational updates for a specific fiscal period.
Key Financial Metrics
The filing text does not provide revenue, profit, cash flow, margins, debt, or liquidity metrics. The document focuses exclusively on shareholding structure changes.
Material Changes
- Shareholding Increase: BTG Pactual and its managed funds now hold 18,369,952 Brazilian Depositary Receipts (INBR32).
- Ownership Percentage: This position represents approximately 5.69% of the total Class A Common Shares issued by Inter & Co.
- Hedging Component: Approximately 13,420,000 of these receipts (4.20% of total Class A shares) are held for hedging purposes linked to swap operations contracted by clients.
Guidance, Outlook, and Management Commentary
BTG Pactual explicitly stated that the equity acquisition is strictly for investment purposes and financial operations. The bank confirmed it has no intention to alter the control or management structure of Inter & Co. Furthermore, BTG Pactual noted that the economic rights regarding the shares involved in the swap operations remain predominantly with the counterparties of those operations. No financial guidance or risk factors related to operations were disclosed in this filing.
Investor Verification Checklist
- Verify the total number of outstanding Class A Common Shares to confirm the 5.69% ownership calculation.
- Review the specific terms of the swap operations to understand the economic exposure of the 4.20% hedged position.
- Confirm if this filing triggers any additional disclosure requirements under Brazilian CVM regulations or U.S. beneficial ownership rules.
- Check for any concurrent filings by other major shareholders to assess overall ownership concentration.