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summary of Assaí’s Deregistration Plans (as of January 12,2026)
Assaí,a Brazilian company,is taking steps to deregister its securities with the U.S. Securities and Exchange Commission (SEC).Here’s a detailed look at what that means:
* Form 15F Filing: Assaí intends to file a Form 15F with the SEC.This form is used by companies to terminate their reporting obligations under the Securities Exchange Act of 1934.
* Suspension of Reporting: Upon filing, Assaí’s reporting obligations to the SEC will be promptly suspended.
* Termination Timeline: These obligations are expected to terminate 90 days after the filing, unless the SEC objects.
* Continued Listing in Brazil: Assaí will continue to be listed on the Novo Mercado segment of B3 S.A. – brasil, Bolsa, Balcão (the Brazilian stock exchange) under the ticker symbol “ASAI3”. It will continue to comply with Brazilian disclosure requirements.
* Information Availability: Financial reports and other company information will remain available on Assaí’s investor relations website: https://ri.assai.com.br (including English translations).
* Over-the-Counter (OTC) Trading in the U.S.: Assaí’s american Depositary Shares (ADSs), which were delisted from the New York stock Exchange (NYSE) before market opening on January 10, 2025, will still be eligible for trading in the U.S. over-the-counter markets under the ticker symbol “ASAIY”.
* Versatility to Change Plans: Assaí reserves the right to delay the Form 15F filing, withdraw it, or modify its deregistration plans at any time.
Key Implications:
* Reduced U.S. Regulatory Burden: Deregistration will reduce the costs and administrative burden associated with complying with U.S. securities laws.
* Continued Access to Brazilian Capital Markets: Assaí will maintain its primary listing and access to investors in brazil.
* U.S. Investors Still Have Access (OTC): U.S.investors will still be able to trade Assaí shares, but through the less regulated over-the-counter market.
Forward-Looking Statements Disclaimer:
The press release includes a standard disclaimer regarding forward-looking statements, noting that actual results may differ from expectations due to various risks and uncertainties.
Source:
The information is based on the press release published by Assaí and distributed via PR Newswire: https://www.prnewswire.com/news-releases/assai-announces-intention-to-file-a-form-15f-to-deregister-in-the-united-states-under-the-us-securities-exchange-act-of-1934-302658901.html
Date of Information: January 12, 2026 (as indicated in the provided text).
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