Afya agrees to merge into Yduqs, shifting listing to Brazil’s B3

Afya agreed to merge into Yduqs, leaving Yduqs as the surviving holding company for the combined Brazilian higher education group. Afya shareholders are set to hold 69% of the combined company on a fully diluted basis; existing Yduqs shareholders 31%. Exchange ratio set at 6.41 new Yduqs shares for each Afya share, based on financials as of June 30, 2026. Afya’s Nasdaq-listed Class A shares are expected to be delisted; the combined company is set to remain listed only on B3. Closing targeted by March 31, 2028; break-up fees include BRL 325 million pre-shareholder meetings or BRL 650 million post-approval. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Afya Ltd. published the original content used to generate this news brief via (Ref. ID: 20260923952840) on September 24, 2026, and is solely responsible for the information contained therein. (C)