XP Inc. Announces Treasury Shares Cancellation

XP (XP) has released an update.

XP Inc., a prominent low-fee financial platform in Brazil, has announced the cancellation of 12,650,574 of its treasury Class A shares, representing 2.3% of the total shares, thereby reducing the total share count to 536,980,403. This strategic move is part of XP’s mission to revolutionize the financial industry by educating investors, broadening financial service access, innovating products and technology, and providing exceptional customer service.

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