Business Context and Reporting Period
This Form 6-K filing by Inter & Co, Inc. (NASDAQ: INTR; B3: INBR32) is dated June 11, 2024. The report serves as a notice of a relevant equity sale, disclosing a change in beneficial ownership by investment funds managed by Squadra Investimentos Gestão de Recursos Ltda. and Squadra Investments Gestão de Recursos Ltda.
Key Financial Metrics
The filing text does not provide financial performance data such as revenue, profit, cash flow, margins, debt, or liquidity. The document is strictly a regulatory disclosure regarding equity ownership thresholds.
Material Changes
The primary material change disclosed is the aggregate equity position of the "Investors" (funds and non-resident investors managed by Squadra). As of the filing date, these investors hold:
- Total Securities: 32,082,939
- Ownership Percentage: Approximately 9.97% of Class A Common Shares issued by Inter & Co.
- Composition:
- 32,076,934 Brazilian Depositary Receipts (INBR32)
- 6,005 Class A Common Shares (INTR)
- Securities Lending: 592,509 Brazilian Depositary Receipts are currently on loan.
Guidance, Outlook, and Management Commentary
Management and the investors explicitly state that the equity holdings are strictly for investment purposes. There is no intention to alter the control or management structure of the Company. The filing contains no financial guidance, outlook, risk factors, or discussion of unusual items.
Investor Verification Checklist
- Verify the total outstanding share count of Inter & Co to confirm the 9.97% ownership calculation.
- Confirm the identity and regulatory status of Squadra Investimentos and Squadra Investments.
- Monitor future filings to determine if the 9.97% stake increases, potentially triggering additional disclosure requirements or tender offer obligations.
- Review the impact of the 592,509 BDRs on loan on the effective voting power of the investors.