6-K
Inter & Co, Inc. (INTR)
United StatesSecurities and Exchange Commission
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private IssuerPursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of October 2022
Commission File Number 001-41419
INTER & Co, INC.
(Exact name of registrant as specified in its charter)
N/A
(Translation of Registrant’s executive offices)
Av Barbacena, 1.219, 22nd FloorBelo Horizonte, Brazil, ZIP Code 30 190-131Telephone: +55 (31) 2138-7978
(Address of principal executive office)
Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F x 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 x
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 x
SIGNATURE
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.
| INTER & Co, INC. | |
|---|---|
| By: | /s/ Santiago Horacio Stel |
| Name: Santiago Horacio Stel | |
| Title: Chief Strategy and Investor Relations Officer of Inter&Co |
Date: October 24, 2022
2
EXHIBIT INDEX
| Exhibit<br> No. | Exhibit |
|---|---|
| 99.1 | Notice<br> Regarding Related Party Transaction |
3
Exhibit 99.1

INTER & CO, INC.
CNPJ/ME nº 42.737.954/0001-21
CVM Registry 8021-7
(Foreign Private Issuer registered in Category “A” of CVM)
NOTICE REGARDING RELATED-PARTY TRANSACTION
INTER & CO, INC. (Nasdaq: INTR e B3: INBR32) (“Inter&Co”), indirect controlling shareholder of Banco Inter S.A. (“Inter”) and Inter Holding Financeira S.A. (“HoldFin”), pursuant to article 33, XXXII and Exhibit F of the Brazilian Securities Exchange Comssion (“CVM”) Resolution 80 of March 29, 2022, announces the execution of the following transaction with a related-party:
| Parties | Issuer and debtor: HoldFin<br><br> <br>Purchaser: Inter<br><br> <br>Seller: Banco ABC Brasil S.A. (“Banco<br> ABC”) |
|---|---|
| Relation between the Related Parties | HoldFin is Inter’s sole shareholder.<br> Additionally, some of Inter’s executive officers are also HoldFin’s executive officers. |
| Transaction’s purpose | Acquisition by Inter of debentures issued<br> by HoldFin and held by Banco ABC. As a result of the transaction, Inter became HoldFin's creditor for the amount of R$59,937,233.77, subject<br> to the interest rate set forth in the indenture of the 1^st^ issuance of HoldFin debentures, which were subject to a public distribution,<br> with restricted efforts ("Indenture”). |
| Transaction’s terms and conditions | The debentures were acquired for their current updated value, i.e. for the same amount that would be due to their holder (Banco ABC) if the debentures had been redeemed by HoldFin: R$59,937,233.77. The debentures will continue to accrue the compensatory interest originally established in the Indenture, corresponding to the accumulated variation of 100% of the daily average rates of the one-day DI, "over extra-group", expressed as a percentage to the base year of 252 business days, calculated and published daily by B3 S.A. – Brasil, Bolsa, Balcão, plus a spread (surcharge) of 1.95% to the base year of 252 business days, calculated exponentially and cumulative, pro rata temporis. |

| Information on wheter, when, how and in what extent the counterparty, its shareholders or managers took part in the process of: (a) approving the transaction, describing their role; and (b) negotiation of the transaction, describing their role. | The acquisition of the debentures was<br> unanimously approved by the Board of Directors of Inter, in a meeting held on October 14, 2022. The members of the Board of Directors<br> of Inter are also members of the Board of Directors of Inter&Co, Inc. (“Inter&Co”), indirect controlling shareholder<br> of Inter and HoldFin. The decision regarding the transaction was taken considering the best structure for the Inter&Co group as a<br> whole and, consequently, for the shareholding base that Inter&Co currently holds. |
|---|---|
| Detailed reasoning on why<br><br> <br>management considers that<br><br> <br>the transaction was entered<br><br> <br>into in arm’s length<br><br> <br>conditions or provides for<br><br> <br>proper compensation. | The debentures acquired by Inter will continue to accrue compensatory interest owed by HoldFin in accordance with the conditions originally established in the Indenture, which were negotiated, under market conditions, with the original subscribers of the debentures, namely: Banco ABC, Banco Bradesco S.A., Banco BTG Pactual S.A. and Itaú Unibanco S.A. |
Belo Horizonte, October 24, 2022.
SANTIAGO HORACIO STEL
Chief Strategy and Investor Relations Officer