Inter & Co Moves to End Sponsored Level II BDRs and Shift to Unsponsored Level I Program

The latest announcement is out from Inter & Company Incorporation Class A ( (INTR) ).

On January 26, 2026, Inter & Co, Inc. announced that its board has decided to begin discontinuing its Sponsored Level II Brazilian Depositary Receipts (BDR) program and to transition to an Unsponsored Level I BDR structure, subject to approval by B3 and the CVM. As part of this process, the company also plans, after the discontinuation of the Sponsored Level II BDR program, to cancel its registration with the CVM as a category A foreign securities issuer in order to streamline its regulatory footprint and eliminate redundancies from being a public company in multiple jurisdictions. Under the proposed discontinuation plan, once launched and approved, holders of Inter’s Level II BDRs will have 30 days to choose among three options: receive Class A ordinary shares traded on Nasdaq (requiring an active custody account with a Nasdaq-authorized broker), sell the underlying Nasdaq-listed shares through a company-facilitated sales mechanism, or exchange their holdings into Unsponsored Level I BDRs on a one-for-one basis. The company emphasized that this move is aimed at improving efficiency and does not signal any reduction in its long-term commitment to Brazil or to Brazilian capital markets, while potentially altering the way Brazilian investors access its shares and shifting more trading and liquidity focus to the U.S. market and unsponsored BDR instruments.

The most recent analyst rating on (INTR) stock is a Buy with a $10.50 price target. To see the full list of analyst forecasts on Inter & Company Incorporation Class A stock, see the INTR Stock Forecast page.

Spark’s Take on INTR Stock

According to Spark, TipRanks’ AI Analyst, INTR is a Outperform.

Inter & Company’s overall stock score is driven by strong financial performance and positive earnings call highlights, including robust client growth and strategic initiatives. However, technical indicators suggest bearish momentum, and high leverage poses a risk. The valuation is moderate, providing a balanced view of the stock’s potential.

To see Spark’s full report on INTR stock, click here.

More about Inter & Company Incorporation Class A

Inter & Co, Inc. (Inter&Co) is a publicly held financial services company listed on Nasdaq and Brazil’s B3, registered with the Brazilian Securities and Exchange Commission (CVM) as a foreign issuer of class A shares. The company sponsors a Level II Brazilian Depositary Receipts (BDR) program in which each BDR represents one Class A ordinary share, and it targets both Brazilian and international investors through dual-market access to its equity.

Average Trading Volume: 2,507,451

Technical Sentiment Signal: Buy

Current Market Cap: $4.09B

Learn more about INTR stock on TipRanks’ Stock Analysis page.