Cogna Educação (COGN3) reported this Monday, August 3, 2026, that in 2026 the merger of its subsidiary Vasta Platform Limited into its indirect subsidiary Somos Sistemas de Ensino S.A. (Somos) was approved, accompanied by a compulsory redemption (squeeze-out) of the remaining minority shareholders’ shares, in accordance with the merger plan filed under Cayman Islands law.
According to the company, the purpose of the merger is to simplify the administrative, financial and asset structures of the companies in the Cogna Group, which, according to the statement, is expected to generate operational synergies and benefits for the company.
Upon completion of the merger, the shares currently issued by Vasta will be canceled and Somos will issue 5,441,121,711 registered common shares, with no par value, in the name of Cogna, in exchange for Vasta’s Class A common shares. After the transaction, Cogna will become the direct controlling shareholder of Somos.
