Sendas Distribuidora Moves to Deregister From U.S. Market While Maintaining B3 Listing

Sendas Distribuidora ( (ASAIY) ) has issued an update.

On January 12, 2026, Sendas Distribuidora (Assaí) announced its intention to file a Form 15F with the U.S. Securities and Exchange Commission to terminate the registration of its common shares and American Depositary Shares under Section 12(g) of the U.S. Securities Exchange Act of 1934 and to end its related U.S. reporting obligations, which will be suspended immediately upon filing and are expected to terminate 90 days later absent SEC objection. The move follows the prior delisting of Assaí’s ADSs from the New York Stock Exchange before market open on January 10, 2025, while the company will keep its main listing on Brazil’s B3 exchange and continue to meet Brazilian disclosure rules, with its ADSs remaining eligible for trading over the counter in the United States; Assaí also noted it may delay, withdraw or alter its deregistration plans, underscoring a strategic shift away from U.S. exchange reporting without abandoning access to U.S. OTC investors.

The most recent analyst rating on (ASAIY) stock is a Sell with a $7.50 price target. To see the full list of analyst forecasts on Sendas Distribuidora stock, see the ASAIY Stock Forecast page.

Spark’s Take on ASAIY Stock

According to Spark, TipRanks’ AI Analyst, ASAIY is a Neutral.

Sendas Distribuidora’s strong financial performance and positive earnings call outlook are key strengths, offset by technical indicators suggesting bearish momentum and high leverage. Valuation is fair, but the lack of dividend yield could deter some investors. The company’s ability to manage debt and sustain growth amid macroeconomic challenges will be crucial for future performance.

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

More about Sendas Distribuidora

Sendas Distribuidora S.A., which operates under the Assaí brand, is a Brazilian cash-and-carry retailer focused on the wholesale and wholesale-like cash-and-carry segment, with its primary trading market on the Novo Mercado segment of B3 S.A. – Brasil, Bolsa, Balcão under the ticker ASAI3. The company serves both individual consumers and business clients, maintaining operations and disclosures aligned with Brazilian capital markets regulation and providing financial and corporate information, including in English, through its investor relations website.

Average Trading Volume: 18,409

Technical Sentiment Signal: Sell

Current Market Cap: $1.85B

For a thorough assessment of ASAIY stock, go to TipRanks’ Stock Analysis page.