🔴 Afya is trading 5% down today as proposed Yduqs deal would delist Nasdaq shares

Afya is trading 5% down at $13.03 as investors react to its proposed merger with Yduqs, which would delist its Class A shares from Nasdaq.

• The companies announced the binding agreement on September 23.
• Afya shareholders would receive 69% of the combined company, while existing Yduqs holders would receive 31%.
• The combined company would remain listed only on Brazil’s B3 exchange.