Vitru Announces Settlement of Rights Offering
23 Noviembre 2022 - 7:09AM
Vitru Limited (Nasdaq: VTRU) (“
Vitru”) today
announced the settlement of its previously announced rights
offering (the “
Rights Offering”). The Rights
Offering resulted in the issuance of 926,206 common shares of Vitru
(which, upon issuance, amount to approximately 2.8% of Vitru’s
outstanding common shares) and raised gross proceeds of
approximately U.S.$14.8 million.
As a result of the Rights Offering and
Crescera’s investment pursuant to the Investment Agreement, Vitru
issued a total of 4,562,569 common shares (which, upon issuance,
amount to approximately 13.6% of Vitru’s outstanding common shares)
and raised aggregate gross proceeds of approximately U.S.$73.1
million.
Pursuant to the Rights Offering, Vitru
distributed nontransferable subscription rights to each holder of
its common shares as of 5:00 p.m., Eastern Time, on October 21,
2022. The subscription rights were exercisable at any time during
the subscription period, which commenced on October 24, 2022, and
ended at 5:00 p.m., Eastern Time, on November 17, 2022. The
unexercised subscription rights have now expired and have no
value.
A prospectus supplement relating to the Rights
Offering was filed with the Securities and Exchange Commission (the
“SEC”) on October 24, 2022 and was made available
on the website of the SEC.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any securities, nor
shall there be any offer, solicitation or sale of securities in any
state or jurisdiction in which such offer, solicitation or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
About Vitru
Vitru is the leading pure distance learning
education group in the postsecondary distance learning market in
Brazil. Through its invested companies, Vitru provides a complete
pedagogical ecosystem focused on hybrid distance
learning experience for undergraduates and continuing
education students.
Vitru’s mission is to democratize access to education in Brazil
through a digital ecosystem and empower every student to create
their own successful story.
Forward Looking Statements
This press release includes “forward-looking
statements” within the meaning of the U.S. federal securities laws.
Statements contained herein that are not clearly historical in
nature are forward-looking, and the words “anticipate,” “believe,”
“continues,” “expect,” “estimate,” “intend,” “project” and similar
expressions and future or conditional verbs such as “will,”
“would,” “should,” “could,” “might,” “can,” “may,” or similar
expressions are generally intended to identify forward-looking
statements. These forward-looking statements speak only as of the
date hereof and are based on Vitru’s current plans, estimates of
future events, expectations and trends that affect or may affect
our business, financial condition, results of operations, cash
flow, liquidity, prospects and the trading price of Vitru’s common
shares, and are subject to several known and unknown uncertainties
and risks, many of which are beyond Vitru’s control. As a
consequence, current plans, anticipated actions and future
financial position and results of operations may differ
significantly from those expressed in any forward-looking
statements in this press release. You are cautioned not to unduly
rely on such forward-looking statements when evaluating the
information presented. Vitru does not undertake any obligation to
update publicly or to revise any forward-looking statements after
we distribute this press release because of new information, future
events, or other factors.
Contact
Carlos Henrique Boquimpani de Freitas, Chief Financial and Investor Relations Officer
e-mail: ir@vitru.com.br
website: https://investors.vitru.com.br/
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