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Arco Platform Limited (Nasdaq: ARCE) announced a public offering of 5,563,203 Class A common shares, to be sold by General Atlantic Arco (Bermuda), L.P., and Alfaco Holding Inc. Arco will not benefit from the proceeds, as neither it nor any of its founding shareholders are selling shares in this offering. Goldman Sachs & Co. LLC and Itau BBA USA Securities, Inc. are the underwriters. The offering is part of a shelf registration statement filed with the SEC on October 21, 2019. A prospectus supplement will be filed with details of the offering.
Arco Platform Limited (Nasdaq: ARCE) will announce its financial results for Q1 2020 on May 27, 2020, after market close. A conference call will follow at 4:30 p.m. Eastern Time, with access available via phone or webcast. The audio replay will be accessible until June 10, 2020. Arco focuses on enhancing educational experiences through personalized learning solutions and scalable curricula, catering to hundreds of thousands of students.