Business
Vasta Platform Limited Announces Delisting From NASDAQ
SAO PAULO, January 09, 2026--VASTA PLATFORM LIMITED (NASDAQ: VSTA) ― "Vasta" or the "Company", a leading, high-growth education company in Brazil, announced today that it has notified the Nasdaq Stock Market LLC ("Nasdaq") of its decision to voluntarily delist its Class A Common Shares, par value U.S.$0.00005 per share (the "Shares"), from the Nasdaq Global Select Market.
About this update from Cogna Educacao S.a.
[{"type":"text","content":"SAO PAULO, January 09, 2026--(BUSINESS WIRE)--VASTA PLATFORM LIMITED (NASDAQ: VSTA) ― "Vasta" or the "Company", a leading, high-growth education company in Brazil, announced today that it has notified the Nasdaq Stock Market LLC ("Nasdaq") of its decision to voluntarily delist its Class A Common Shares, par value U.S.$0.00005 per share (the "Shares"), from the Nasdaq Global Select Market.","length":431,"tagName":"p"},{"type":"text","content":"As previously disclosed by Cogna Educação S.A., a company organized under the laws of the Federative Republic of Brazil ("Cogna"), in Amendment No. 5 to its Schedule TO filed with the Securities and Exchange Commission (the "SEC") on December 11, 2025, regarding Cogna’s offer to purchase all of the outstanding Shares of Vasta (the "Offer"), Cogna acquired 97.2% of the Shares tendered and not validly withdrawn in the Offer (the "Acquisition"), and announced its intention to cause the delisting of Vasta’s Shares from Nasdaq and Vasta’s deregistration under the Securities Exchange Act of 1934, as amended (the "Exchange Act").","length":680,"tagName":"p"},{"type":"text","content":"In connection with the foregoing, Vasta’s Board of Directors (the "Board") has approved on January 8, 2026, the voluntary withdrawal and delisting of the Company’s Shares from NASDAQ. The Board considered a number of factors in determining to delist and deregister the Shares, including the costs and expenses associated with being a publicly traded company, the likelihood of funding its operations in the future from the capital markets in the United States where the Company has only a small base of public shareholders and the better allocation of funds otherwise used for legal and other costs associated with continuing to make SEC filings, all in light of an illiquid market for the Company’s securities.","length":721,"tagName":"p"},{"type":"text","content":"Vasta intends to file a Form 25 (Notification of Removal of Listing) with the SEC to remove its Shares from listing on the Nasdaq Global Select Market on or about January 19, 2026 and deregister such securities under Section 12(b) of the Exchange Act, and as a result, Vasta expects that the last trading day of its Shares on the Nasdaq Global Select Market will be on o...