Assaí Plans to Deregister in the U.S. Under Securities Act of 1934
On January 12, 2026, Sendas Distribuidora S.A., trading under the ticker ASAI3 on B3, declared its plans to submit a Form 15F to the U.S. Securities and Exchange Commission (SEC). This action aims to terminate the registration of its common shares and American Depositary Shares (ADSs) as outlined in Section 12(g) of the U.S. Securities Exchange Act of 1934, along with the associated reporting obligations mandated by the Act.
Upon the submission of Form 15F, Assaí's reporting requirements are set to suspend immediately. Subsequently, they are expected to fully terminate within 90 days post-filing, pending any objections from the SEC. This strategic move is part of Assaí's initiative to streamline its operations while continuing to maintain its presence on the Brazilian Stock Exchange (B3). The company’s common shares will remain listed in the Novo Mercado segment of B3 and will comply fully with Brazilian regulatory obligations.
All periodic reports, interim results, and other important communications will still be made available through Assaí's official website. Investors and stakeholders can access this information conveniently, including translated documents in English to cater to a broader audience, ensuring transparency and continued engagement with both local and international investors.
In addition to the deregistration process, it is noteworthy that Assaí’s ADSs were previously delisted from the New York Stock Exchange just prior to the markets opening on January 10, 2025. However, these shares will continue to be accessible for trading in U.S. over-the-counter markets, where they will maintain the ticker symbol 'ASAIY'.
Importantly, Assaí has retained the right to amend its plans regarding the Form 15F filing. This includes potential delays or withdrawals prior to efficacy, reflecting the company's commitment to respond flexibly to changes in market conditions or regulatory feedback.
In light of these developments, Assaí emphasizes the forward-looking nature of this announcement, positing that these decisions are informed by current market situations and management's viewpoints. The company forewarns that such forward-looking statements are subject to fluctuations due to risks and uncertainties inherent in the marketplace, and thus, investors should exercise caution and avoid undue reliance on these projections. This move indicates Assaí's ongoing evolution as a key player in Brazil’s retail sector, balancing compliance with regulatory frameworks while focusing on its operational roots within the domestic market.
For those interested, visuals and further information regarding Assaí's operations and strategies can be found through its media resources online, providing a comprehensive look at its corporate trajectory and market positioning.
Upon the submission of Form 15F, Assaí's reporting requirements are set to suspend immediately. Subsequently, they are expected to fully terminate within 90 days post-filing, pending any objections from the SEC. This strategic move is part of Assaí's initiative to streamline its operations while continuing to maintain its presence on the Brazilian Stock Exchange (B3). The company’s common shares will remain listed in the Novo Mercado segment of B3 and will comply fully with Brazilian regulatory obligations.
All periodic reports, interim results, and other important communications will still be made available through Assaí's official website. Investors and stakeholders can access this information conveniently, including translated documents in English to cater to a broader audience, ensuring transparency and continued engagement with both local and international investors.
In addition to the deregistration process, it is noteworthy that Assaí’s ADSs were previously delisted from the New York Stock Exchange just prior to the markets opening on January 10, 2025. However, these shares will continue to be accessible for trading in U.S. over-the-counter markets, where they will maintain the ticker symbol 'ASAIY'.
Importantly, Assaí has retained the right to amend its plans regarding the Form 15F filing. This includes potential delays or withdrawals prior to efficacy, reflecting the company's commitment to respond flexibly to changes in market conditions or regulatory feedback.
In light of these developments, Assaí emphasizes the forward-looking nature of this announcement, positing that these decisions are informed by current market situations and management's viewpoints. The company forewarns that such forward-looking statements are subject to fluctuations due to risks and uncertainties inherent in the marketplace, and thus, investors should exercise caution and avoid undue reliance on these projections. This move indicates Assaí's ongoing evolution as a key player in Brazil’s retail sector, balancing compliance with regulatory frameworks while focusing on its operational roots within the domestic market.
For those interested, visuals and further information regarding Assaí's operations and strategies can be found through its media resources online, providing a comprehensive look at its corporate trajectory and market positioning.
Topics General Business）
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