Itaú Unibanco to buy NeoSpace for BRL 2.93B
NeoSpace’s current team is to be retained, while closing remains subject to CADE and Central Bank of Brazil approval.
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Form Type
6-K
Rhea-AI Filing Summary
Itaú Unibanco Holding S.A. entered into a share purchase agreement for the acquisition by the company and/or its affiliates of all shares issued by NeoSpace A.I. Technologies Ltda., a Brazilian artificial-intelligence startup focused on foundational models trained on large-scale datasets. The purchase price is BRL 2,925,000,000.00, with an installment payable at closing and remaining installments deferred over five years, subject to certain conditions. Closing is subject to prior approval by the Brazilian Antitrust Authority (CADE) and the Central Bank of Brazil, as well as other customary conditions.
NeoSpace has provided services to Itaú for nearly two years, developing models trained on Itaú’s proprietary data. Itaú says the models support applications in credit, CRM and fraud prevention, and align with continued development of its “ia.i” generative artificial intelligence assistant. NeoSpace’s management and business operations will remain autonomous from the company, and its current team will be retained.
Key Figures
Purchase price: BRL 2,925,000,000.00
Deferred installment period: Five years
Service relationship: Nearly two years
3 metrics
Purchase price
BRL 2,925,000,000.00
Acquisition of all shares issued by NeoSpace
Deferred installment period
Five years
Remaining purchase-price installments
Service relationship
Nearly two years
NeoSpace has been providing services to Itaú
Key Terms
foundational models, conditions precedent, customer relationship management
3 terms
foundational models technical
"development of foundational models trained on large-scale datasets"
Powerful AI systems trained on extremely large, varied datasets to learn patterns that can be adapted to many different tasks, like a Swiss Army knife for artificial intelligence. Investors care because these models can lower the cost and time to build new products, be licensed or embedded into services to create new revenue streams, and reshape competitive advantage — but they also require big upfront investment and carry regulatory, accuracy and ethical risks.
conditions precedent regulatory
"approvals of certain conditions precedent"
Conditions precedent are the specific tasks, approvals, or facts that must be satisfied before a contract or transaction becomes effective or a payment is made. Think of them as a checklist you must complete before turning the key on a new machine; if items are missing the deal can be delayed, renegotiated, or canceled. Investors watch these conditions because they determine timing, completion risk, and whether expected benefits will actually occur.
customer relationship management technical
"CRM (customer relationship management)"
Customer relationship management is the system of tools and practices a company uses to track every interaction with customers—like a combined address book, purchase history, and reminder system that sales and support teams use to keep relationships healthy. Investors care because strong CRM helps a company keep customers coming back, predict future revenue more accurately, lower sales and marketing costs, and signal whether growth is sustainable or at risk.
FAQ
AI-generated questions and answers. How Rhea-AI works. Not financial advice.
What is ITUB paying for NeoSpace?
The purchase price is BRL 2,925,000,000.00 for all shares issued by NeoSpace A.I. Technologies Ltda.
How will ITUB pay the NeoSpace purchase price?
An installment is payable at closing, and the remaining installments are deferred over a five-year period, subject to certain conditions.
What approvals are required for ITUB’s NeoSpace acquisition?
Closing is subject to prior approval by the Brazilian Antitrust Authority (CADE) and the Central Bank of Brazil, as well as other customary conditions applicable to transactions of this nature.
AI-generated analysis. How Rhea-AI works. Not financial advice.
| UNITED STATES | |||||||||||
| SECURITIES AND EXCHANGE COMMISSION | |||||||||||
| Washington, D.C. 20549 | |||||||||||
| FORM 6-K | |||||||||||
| Report of Foreign Issuer Pursuant to Rule 13a-16 or 15d-16 of the Securities Exchange Act of 1934 | |||||||||||
| For the month of October, 2026 | |||||||||||
| Comission File Number: 001-15276 | |||||||||||
| Itaú Unibanco Holding S.A. | |||||||||||
| (Exact name of registrant as specified in its charter) | |||||||||||
| Itaú Unibanco Holding S.A. | |||||||||||
| (Translation of Registrant’s Name into English) | |||||||||||
| Praça Alfredo Egydio de Souza Aranha, 100 - Torre Conceição | |||||||||||
| CEP 04344-902 São Paulo, SP, Brazil (Address of principal executive office) | |||||||||||
| Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. | |||||||||||
| Form 20-F ☒ | Form 40-F ☐ | ||||||||||
| Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(1): | |||||||||||
| Yes ☐ | No ☒ | ||||||||||
| Indicate by check mark if the registrant is submitting the Form 6-K in paper as permitted by Regulation S-T Rule 101(b)(7): | |||||||||||
| Yes ☐ | No ☒ | ||||||||||
| Indicate by check mark whether by furnishing the information contained in this Form, the registrant is also thereby furnishing information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934. | |||||||||||
| Yes ☐ | No ☒ | ||||||||||
| If “Yes” is marked, indicate below the file number assigned to the registrant in connection with Rule 12g3-2(b): | |||||||||||
| 82– __________________ | |||||||||||
EXHIBIT INDEX
| 99.1 | ITAÚ UNIBANCO -Material Fact – Acquisition of all shares issued by NeoSpace | ||||||||||
.
| Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized. | ||||||||||||||
| Date: October 26, 2026. | ||||||||||||||
Itaú Unibanco Holding S.A. By: /s/ Gustavo Lopes Rodrigues Name: Gustavo Lopes Rodrigues Title: Investor Relations Officer. | ||||||||||||||
Material Fact Itaú Unibanco Holding S.A. (the “Company”) hereby informs its shareholders and the market in general that it has entered into a Share Purchase Agreement for the acquisition, by the Company and/or its affiliates (“Itaú”), of all shares issued by NeoSpace A.I. Technologies Ltda. (“NeoSpace”). NeoSpace is a Brazilian artificial intelligence startup specialized in the development of foundational models trained on large-scale datasets. NeoSpace has been providing services to Itaú for nearly two years by developing models trained on Itaú’s proprietary data. These models enable the large-scale application of generative artificial intelligence in the development of solutions for Itaú’s businesses and clients, including increasingly personalized financial and credit management solutions. The acquisition strengthens the ongoing relationship between NeoSpace and Itaú, which has already delivered significant and transformative results in areas such as credit, CRM (customer relationship management), and fraud prevention. It also represents another step in Itaú’s strategy to enhance its proprietary artificial intelligence capabilities and accelerate the development of competencies that will be essential for the future. The combination of NeoSpace’s capabilities with Itaú’s data, expertise, and scale will create the conditions required to develop increasingly specialized models and expand their application across Itaú’s various products and services. The transaction is also directly aligned with the continued development of “ia.i,” Itaú’s generative artificial intelligence assistant, enhancing the personalization of customer experiences and Itaú’s ability to provide interactions and solutions that are increasingly tailored to each client’s needs. NeoSpace’s management and business operations will remain autonomous from the Company, and its current team will be retained, ensuring the continuity of its activities and operations. The purchase price for the acquisition will be BRL 2,925,000,000.00, comprising an installment payable at closing and the remaining installments deferred over a five-year period, subject to certain conditions. The closing of the transaction is subject to the approvals of certain conditions precedent, including prior approval by the Brazilian Antitrust Authority (CADE) and the Central Bank of Brazil, as well as other customary conditions applicable to transactions of this nature. São Paulo - SP, October 26, 2026. Gustavo Lopes Rodrigues Investor Relations Officer