Business
Cogna Educação S.A. Announces Extension of the Offer to Purchase All Outstanding Class A Common Shares of Vasta Platform Limited
BELO HORIZONTE, Oct. 15, 2025 (GLOBE NEWSWIRE) -- COGNA EDUCAÇÃO S.A. (B3: COGN3), a company organized under the laws of the Federative Republic of Brazil (“Cogna”), today announced that it has extended the expiration date of its previously announced all cash tender offer (the “Offer”) pursuant to an offer to purchase dated September 17, 2025 and subsequently amended on September 24, 2025 (as further amended, modified or supplemented from time to time, the “Offer to Purchase”) any and all of the
About this update from Cogna Educacao S.a.
[{"type":"text","content":"BELO HORIZONTE, Oct. 15, 2025 (GLOBE NEWSWIRE) -- COGNA EDUCAÇÃO S.A. (B3: COGN3), a company organized under the laws of the Federative Republic of Brazil (“Cogna”), today announced that it has extended the expiration date of its previously announced all cash tender offer (the “Offer”) pursuant to an offer to purchase dated September 17, 2025 and subsequently amended on September 24, 2025 (as further amended, modified or supplemented from time to time, the “Offer to Purchase”) any and all of the outstanding Class A common shares, par value U.S.$0.00005 per share (the “Class A common shares” and collectively the “Securities”), traded on the Nasdaq Global Select Market (“NASDAQ”), of Vasta Platform Limited, a Cayman Islands exempted company with limited liability (“Vasta”), other than any Class A common shares held, directly or indirectly, by Cogna, at a price equal to U.S.$5.00 per Class A common share.","length":915,"tagName":"p"},{"type":"text","content":"The Offer, which was previously scheduled to expire 5:00 p.m. New York City time on October 15, 2025, has been extended until 5:00 p.m., New York City time, on October 28, 2025, unless the Offer is further extended or earlier terminated.","length":237,"tagName":"p"},{"type":"text","content":"Vasta shareholders who have previously tendered their shares do not need to re-tender their shares or take any other action in response to the extension of the Offer.","length":166,"tagName":"p"},{"type":"text","content":"Equiniti Trust Company, LLC, the tender agent for the Offer, has advised Cogna that as of 5:00 p.m., New York City time, on October 15, 2025, 15,298,238 Shares had been validly tendered into the Offer and not validly withdrawn, representing approximately 96.0% of the outstanding Shares.","length":287,"tagName":"p"},{"type":"text","content":"The Offer is made in accordance with the terms and subject to the conditions described in the Offer to Purchase, the related letter of transmittal and other related materials, as each may be amended or supplemented from time to time, filed as part of the Offer statement on Schedule TO that Cogna initially filed on September 17, 2025 and subsequently amended on September 24, 2025 with the United States Securities and Exchange Commission (the “SEC”) (collectively, the “Tender Offer Documents”). Consummation of the Offer continues to be s...