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Stock impact report

Vitru Announces Settlement of Rights Offering

Vitru Limited - Common Shares (VTRU) 
Company Research Source: GlobeNewswire
FLORIANÓPOLIS, Brazil, Nov. 23, 2022 (GLOBE NEWSWIRE) -- 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 Show less Read more
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