StoneCo Ltd
For the period ended Dec 31, 2024. Filed Apr 24, 2025.
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The yearly report of a company based outside the US. It covers much of what a 10-K does, and may follow accounting rules other than US ones.
FY2024 · Filed Apr 24, 2025
Contents
C. Markets
Our common shares have been listed on the Nasdaq Global Select Market under the symbol “STNE” since October 25, 2018. Following StoneCo's business combination with Linx closed on July 1, 2021, we launched a sponsored Brazilian Depositary Receipts (BDRs) program (“Sponsored BDR Program”), in accordance with the regulation of the Brazilian securities and exchange commission (Comissão de Valores Mobiliários - CVM). In December, 2024, we decided to discontinue the Sponsored BDR Program and initiated the procedure to cancel such program. The BDRs under the Sponsored BDR Program ceased to be traded on the Brazilian stock exchange (B3) on March 14, 2025.
On June 11, 2021, we issued our inaugural dollar bond, raising US$500 million with accrue interest at 3.95%, payable semiannually, due in 2028. The bonds are traded on the stock exchanged operated by Singapore Exchange Securities Trading Limited, or the SGX-ST. During 2024, we launched a tender offer pursuant to which we repurchased 58.9% of the outstanding bonds. See “Item 5. Operating and Financial Review and Prospects—B. Liquidity and capital resources—Issuance of Inaugural Bonds."
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