Arco Platform completes merger and becomes private company

Arco Platform announced the completion of the merger with Achieve Merger Sub, a wholly owned subsidiary of Achieve Holdings, pursuant to the previously announced agreement and plan of merger dated as of August 10, among the company, Achieve and Merger Sub. As a result of the Merger, Arco became a wholly-owned subsidiary of Achieve and will cease to be a publicly traded company. Each Class A common share, par value $0.00005 per share, of the company issued and outstanding has been cancelled and ceased to exist, in exchange for the right to receive $14.00 in cash without interest. The company requested that trading of the shares on the Nasdaq Global Select Market be suspended as of December 7.