Business
Cogna Educação S.A. Announces Further Extension of the Offer to Purchase All Outstanding Class A Common Shares of Vasta Platform Limited
BELO HORIZONTE, Oct. 28, 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 further 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 and October 16, 2025 (as further amended, modified or supplemented from time to time, the “Offer to
About this update from Cogna Educacao S.a.
[{"type":"text","content":"BELO HORIZONTE, Oct. 28, 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 further 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 and October 16, 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":945,"tagName":"p"},{"type":"text","content":"The Offer, which was previously scheduled to expire 5:00 p.m. New York City time on October 28, 2025, has been further extended until 5:00 p.m., New York City time, on December 10, 2025, unless the Offer is further extended or earlier terminated.","length":246,"tagName":"p"},{"type":"text","content":"The Offer has been extended to allow additional time for the completion of the review of the Tender Offer Documents (as defined below) by the United States Securities and Exchange Commission (the “SEC”), which has been affected by the United States government shutdown.","length":269,"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 28, 2025, 15,379,240 Shares had been validly tendered into the Offer and not validly withdrawn, representing approximately 96.3% 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...