Arco Platform Limited (NasdaqGS:ARCE) entered into Definitive agreement to acquires remaining 75.1% equity stake in INCO Limited approximately BRL 660 million on October 6, 2022. Arco delivered 10,436,201 million shares as part of consideration. After the closing of the Transaction, isaac will become an operating unit of Arco and will continue to be led by CEO David Peixoto and CSO Ricardo Sales, founders of isaac. Manuel Garciadiaz (Corporate), Kyoko Takahashi Lin (Executive Compensation), Pritesh P. Shah (Intellectual Property), and Mario J. Verdolini (Tax) of Davis Polk & Wardwell LLP and Mattos Filho, Veiga Filho, Marrey Jr. e Quiroga Advogados acted as legal advisor to Arco Platform Limited and Gunderson Dettmer Stough Villeneuve Franklin & Hachigian, LLP and Lefosse Advogados acted as legal advisor to INCO Limited. J.P. Morgan Securities LLC is provide a fairness opinion to its Board of Directors of Arco Platform Limited (NasdaqGS:ARCE). The Transaction is expected to close within the 2022 fiscal year.

Arco Platform Limited (NasdaqGS:ARCE) completed the acquisition of remaining 75.1% equity stake in INCO Limited on January 2, 2023. The purchase price for the transaction will be paid in the form of Arco's own shares. The final antitrust approval from Brazil's Administrative Council for Economic Defense - CADE was granted on November 16, 2022, with no restrictions.