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Stock impact report

Vitru Announces Expiration and Results of the Rights Offering

Vitru Limited - Common Shares (VTRU) 
Company Research Source: GlobeNewswire
FLORIANÓPOLIS, Brazil, Nov. 18, 2022 (GLOBE NEWSWIRE) -- Vitru Limited (Nasdaq: VTRU) (“Vitru”) today announced that its previously announced rights offering (the “Rights Offering”) has expired. A total of 926,206 of Vitru’s nontransferable subscription rights were exercised in the Rights Offering, which will result in the issuance of 926,206 common shares of Vitru (which, upon issuance, will amount to approximately 2.8% of Vitru’s outstanding common shares) at U.S.$16.02 per common share, and raise gross proceeds of U.S.$14.8 million (approximately R$81.1 million based on an exchange rate of R$5.4655 to US$1.00 as reported by the Brazilian Central Bank on November 17, 2022). After giving effect to the Rights Offering and the closing of the investment by Crescera on November 10, 2022, Vitru will have a total of 33,471,310 common shares issued and outstanding. The settlement of the Rights Offering is expected to occur on or around November 21, 2022. Pursuant to the Rights Offering, Show less Read more
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