# EDGAR Filing Document

**Accession Number:** 0001792829
**File Stem:** 0000950103-25-013240
**Filing Date:** 2025-10
**Character Count:** 18032
**Document Hash:** 8887b5a1c486c1cf25615499d8876864
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000950103-25-013240.hdr.sgml**: 20251016

**ACCESSION NUMBER**: 0000950103-25-013240

**CONFORMED SUBMISSION TYPE**: SC 13E3/A

**PUBLIC DOCUMENT COUNT**: 2

**FILED AS OF DATE**: 20251016

**DATE AS OF CHANGE**: 20251015

**SUBJECT COMPANY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Vasta Platform Ltd
- **CENTRAL INDEX KEY:** 0001792829
- **STANDARD INDUSTRIAL CLASSIFICATION:** SERVICES-EDUCATIONAL SERVICES [8200]
- **ORGANIZATION NAME:** 07 Trade & Services
- **EIN:** 000000000
- **STATE OF INCORPORATION:** E9
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13E3/A
- **SEC ACT:** 1934 Act
- **SEC FILE NUMBER:** 005-91599
- **FILM NUMBER:** 251396311

**BUSINESS ADDRESS:**
- **STREET 1:** AVENIDA PAULISTA, 901, 6TH FLOOR
- **STREET 2:** JARDIM PAULISTA
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 01310-100
- **BUSINESS PHONE:** 55 11 3133-7559

**MAIL ADDRESS:**
- **STREET 1:** AVENIDA PAULISTA, 901, 6TH FLOOR
- **STREET 2:** JARDIM PAULISTA
- **CITY:** SAO PAULO
- **STATE:** D5
- **ZIP:** 01310-100
**FILED BY**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** Cogna Educacao S.A.
- **CENTRAL INDEX KEY:** 0001844123
- **ORGANIZATION NAME:** International Corp Fin
- **EIN:** 000000000
- **STATE OF INCORPORATION:** D5
- **FISCAL YEAR END:** 1231

**FILING VALUES:**
- **FORM TYPE:** SC 13E3/A

**BUSINESS ADDRESS:**
- **STREET 1:** RUA SANTA MADALENA SOFIA, 25
- **STREET 2:** 4TH FLOOR, ROOM 01, VILA PARIS
- **CITY:** MINAS GERAIS - MG
- **STATE:** D5
- **ZIP:** 01310-100
- **BUSINESS PHONE:** 55 (11) 3133 7311

**MAIL ADDRESS:**
- **STREET 1:** RUA SANTA MADALENA SOFIA, 25
- **STREET 2:** 4TH FLOOR, ROOM 01, VILA PARIS
- **CITY:** MINAS GERAIS - MG
- **STATE:** D5
- **ZIP:** 01310-100

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

**SCHEDULE 13E-3**

(Rule 13e-100)

**RULE 13E-3 TRANSACTION STATEMENT UNDER SECTION 13(e)<br> OF THE SECURITIES EXCHANGE ACT OF 1934**

**(Amendment No. 2)**

**VASTA PLATFORM LIMITED**

(Name of the Issuer)

**COGNA EDUCAÇÃO S.A.**

(Names of Person(s) Filing Statement)

**Class A Common Shares, par value U.S.$0.00005 per share**<br> (Title of Class of Securities)

**KYG9440A1094 <br> (ISIN of Class of Securities)**

**G9440A109<br> (CUSIP Number of Class of Securities)**

---

| |
|:---|
| **Cogna Educação S.A.<br> Rua dos Guajajaras, No. 591, 4<sup>th</sup> Floor, Room 1,**<br> **Bairro de Lourdes,<br> Belo Horizonte, Minas Gerais, 30.180-101<br> Brazil<br> Attention: Frederico da Cunha Villa,**<br> **Chief Financial Officer**<br>**Telephone: +55 (11) 3133-7309**<br>|
| (Name, address, and telephone numbers of person authorized to receive notices and communications on behalf of filing persons) |

---

---

| |
|:---|
| ***Copies to:*** |
| **Manuel Garciadiaz<br> Davis Polk & Wardwell LLP <br> 450 Lexington Avenue<br> New York, New York 10017 <br> Telephone: (212) 450-4000** |

---

This statement is filed in connection with (check the appropriate box):

☐ The filing of solicitation materials or an information statement subject to Regulation 14A, Regulation 14C or Rule 13e-3(c) under the Securities Exchange Act of 1934.

☐ The filing of a registration statement under the Securities Act of 1933.

&nbsp;&nbsp;&nbsp;&nbsp;☒ A tender offer.

☐ None of the above.

Check the following box if the soliciting materials or information statement referred to in checking box (a) are preliminary copies: ☐

Check the following box if the filing is a final amendment reporting the results of the transaction: ☐

**Neither the Securities and Exchange Commission (the "SEC") nor any state securities commission has approved or disapproved of this transaction, passed upon the merits or fairness of this transaction, or passed upon the adequacy or accuracy of the disclosure in this Schedule 13E-3. Any representation to the contrary is a criminal offense.**

**EXPLANATORY NOTE**

This Amendment No. 2 ("Amendment No. 2") to the Transaction Statement on Schedule 13E-3 ("Amendment No. 2") amends and supplements the Transaction Statement on Schedule 13E-3 originally filed by Cogna Educação S.A., a company organized under the laws of the Federative Republic of Brazil (the "Purchaser"), on September 17, 2025 and subsequently amended on September 24, 2025 ("Schedule 13E-3") pursuant to Section 13(e) of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), relating to the tender offer by the Purchaser for any and all of the outstanding Class A Common Shares, par value U.S.$0.00005 per share (the "Class A Common Shares" or the "Securities") of Vasta Platform Limited, a Cayman Islands exempted company with limited liability (the "Company"), traded on the Nasdaq Global Select Market ("NASDAQ"), excluding those Class A Common Shares held, directly or indirectly, by the Purchaser, pursuant to the terms and subject to the conditions set forth in the offer to purchase dated September 17, 2025 and subsequently amended on September 24, 2025 (as further amended or supplemented from time to time, the "Offer to Purchase"). The Offer to Purchase and the related Letter of Transmittal (as amended or supplemented from time to time, the "Letters of Transmittal"), copies of which are attached hereto as Exhibits (a)(1)(i) and (a)(1)(ii), respectively, together, as amended or supplemented from time to time, constitute the "Offer", for any and all of the outstanding Securities, other than any Securities held, directly or indirectly, by the Purchaser, at a price per Security equal to U.S.$5.00 per Class A Common Share, to be adjusted for any potential dividends or distributions which may be paid, and/or splits, reverse splits and conversions which may take place, between the date on which the Offer were announced and the dates of expiration of the Offer. Unless otherwise defined herein, capitalized terms used in this Schedule 13E-3 shall have the meaning given to them in the Offer to Purchase. The Offer commenced on September 17, 2025.

On September 24, 2025, the Purchaser filed the Amendment No. 1 to the Schedule TO-T (the "Amended Schedule TO") originally filed on September 17, 2025, which modified certain terms of the Offer to Purchase. This Amendment No. 2 is being filed for the purpose of supplementing the information required from the Purchaser under Schedule 13E-3 given the modifications introduced in the Offer to Purchase by the Amended Schedule TO. Only those items amended are reported in this Amendment No. 2. Except as otherwise set forth in this Amendment No. 2, the information set forth in the Offer to Purchase, a copy of which is filed herewith as Exhibit (a)(1)(i), remains unchanged and is incorporated herein by reference to the extent relevant to the items in this Amendment No. 2. This Amendment No. 2 should be read with the Schedule 13E-3 and the Offer to Purchase.

**ITEMS 1 THROUGH 15**

Items 1 through 15 of the Schedule 13E-3 to the extent such Items incorporate by reference the information contained in the Offer to Purchase, are hereby amended as follows:

All references to "5:00 p.m., New York City time, on October 15, 2025" are hereby amended and replaced with "5:00 p.m., New York City time, on October 28, 2025".

**ITEM 15. ADDITIONAL INFORMATION**

In addition, Item 15 of the Schedule TO is hereby amended and supplemented by adding the following exhibit:

(a)(5)(ii) Press Release issued by the Purchaser with respect to the extension of the expiration date of the Offer.

**SIGNATURES**

After due inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

---

| | | | |
|:---|:---|:---|:---|
| Dated October 15, 2025 | COGNA EDUCAÇÃO S.A. | COGNA EDUCAÇÃO S.A. | COGNA EDUCAÇÃO S.A. |
|  | By: | /s/ Roberto Valério Neto | /s/ Roberto Valério Neto |
|  |  | Name: | Roberto Valério Neto |
|  |  | Title: | Chief Executive Officer |

---

---

| | | |
|:---|:---|:---|
| By: | /s/ Frederico da Cunha Villa | /s/ Frederico da Cunha Villa |
|  | Name: | Frederico da Cunha Villa |
|  | Title: | Chief Financial and Investor Relations Officer |

---

**EXHIBIT INDEX**

---

| | |
|:---|:---|
| **Exhibit No.** | **Description** |
| [(a)(1)(i)](https://www.sec.gov/Archives/edgar/data/1792829/000095010325012110/dp234816_exa1i.htm) | [Amended and Restated Offer to Purchase, dated September 24, 2025 (incorporated by reference to Exhibit (a)(1)(i) to the Schedule TO filed by Purchaser on September 24, 2025).](https://www.sec.gov/Archives/edgar/data/1792829/000095010325012110/dp234816_exa1i.htm) |
| [(a)(1)(ii)](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a1ii.htm) | [Form of Letter of Transmittal (incorporated by reference to Exhibit (a)(1)(ii) to the Schedule TO filed by Purchaser on September 17, 2025).](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a1ii.htm) |
| [(a)(1)(iii)](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a1iii.htm) | [Form of Notice of Guaranteed Delivery (incorporated by reference to Exhibit (a)(1)(iii) to the Schedule TO filed by Purchaser on September 17, 2025).](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a1iii.htm) |
| [(a)(1)(iv)](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a1iv.htm) | [Form of Letter to Brokers, Dealers, Banks, Trust Companies and Other Securities Intermediaries (incorporated by reference to Exhibit (a)(1)(iv) to the Schedule TO filed by Purchaser on September 17, 2025).](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a1iv.htm) |
| [(a)(1)(v)](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a1v.htm) | [Form of Letter to Clients for Use by Brokers, Dealers, Banks, Trust Companies and Other Securities Intermediaries (incorporated by reference to Exhibit (a)(1)(v) to the Schedule TO filed by Purchaser on September 17, 2025).](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a1v.htm) |
| [(a)(1)(vi)](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a1vi.htm) | [Form of Withdrawal Letter (incorporated by reference to Exhibit (a)(1)(vi) to the Schedule TO filed by Purchaser on September 17, 2025).](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a1vi.htm) |
| [(a)(1)(vii)](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a1vii.htm) | [Summary Advertisement (incorporated by reference to Exhibit (a)(1)(vii) to the Schedule TO filed by Purchaser on September 17, 2025).](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a1vii.htm) |
| [(a)(5)(i)](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a5i.htm) | [Press Release issued by the Purchaser with respect to the announcement of the Offer (incorporated by reference to Exhibit (a)(5)(i) to the Schedule TO filed by Purchaser on September 17, 2025).](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-a5i.htm) |
| [(a)(5)(ii)\*](dp235910_exa5ii.htm) | [Press Release issued by the Purchaser with respect to the extension of the expiration date of the Offer.](dp235910_exa5ii.htm) |
| (b) | Not applicable. |
| (c) | Not applicable. |
| [(d)](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-d.htm) | [Dealer Manager Agreement, dated as of September 17, 2025, by and between the Purchaser and Itau BBA USA Securities, Inc., as the Dealer Manager (incorporated by reference to Exhibit (d) to the Schedule TO filed by Purchaser on September 17, 2025).](https://www.sec.gov/Archives/edgar/data/1792829/000095010325011743/dp234471_ex-d.htm) |
| (e) | Not applicable. |
| (f) | Not applicable. |
| (g) | Not applicable. |
| (h) | Not applicable. |
| [107](https://www.sec.gov/ix?doc=/Archives/edgar/data/1792829/000095010325011750/dp234472_exfilingfees.htm) | [Filing Fee Exhibit.](https://www.sec.gov/ix?doc=/Archives/edgar/data/1792829/000095010325011750/dp234472_exfilingfees.htm) |

---

\* Filed herewith.

## Ex-99.A5Ii

**EXHIBIT (a)(5)(ii)**

**NEWS RELEASE**

**FOR IMMEDIATE RELEASE**

**Cogna Educação S.A. Announces Extension of the Offer to Purchase** 

**All Outstanding Class A Common Shares of Vasta Platform Limited**

**BELO HORIZONTE, OCTOBER 15, 2025**— **COGNA EDUCAÇÃO S.A.** (B3: COGN3), a company organized under the laws of the Federative Republic of Brazil ("Cogna"), today announced that it has extended the expiration date of its previously announced all cash tender offer (the "Offer") pursuant to an offer to purchase dated September 17, 2025 and subsequently amended on September 24, 2025 (as further amended, modified or supplemented from time to time, the "Offer to Purchase") any and all of the outstanding Class A common shares, par value U.S.$0.00005 per share (the "Class A common shares" and collectively the "Securities"), traded on the Nasdaq Global Select Market ("NASDAQ"), of Vasta Platform Limited, a Cayman Islands exempted company with limited liability ("Vasta"), other than any Class A common shares held, directly or indirectly, by Cogna, at a price equal to U.S.$5.00 per Class A common share.

**The Offer, which was previously scheduled to expire 5:00 p.m. New York City time on October 15, 2025, has been extended until 5:00 p.m., New York City time, on October 28, 2025, unless the Offer is further extended or earlier terminated.**

Vasta shareholders who have previously tendered their shares do not need to re-tender their shares or take any other action in response to the extension of the Offer.

Equiniti Trust Company, LLC, the tender agent for the Offer, has advised Cogna that as of 5:00 p.m., New York City time, on October 15, 2025, 15,298,238 Shares had been validly tendered into the Offer and not validly withdrawn, representing approximately 96.0% of the outstanding Shares.

The Offer is made in accordance with the terms and subject to the conditions described in the Offer to Purchase, the related letter of transmittal and other related materials, as each may be amended or supplemented from time to time, filed as part of the Offer statement on Schedule TO that Cogna initially filed on September 17, 2025 and subsequently amended on September 24, 2025 with the United States Securities and Exchange Commission (the "SEC") (collectively, the "Tender Offer Documents"). Consummation of the Offer continues to be subject to satisfaction or waiver of all of the conditions referred to in Section 11 — "Conditions of the Offer" of the Offer to Purchase.

The information agent for the Offer is D.F. King & Co., Inc. The tender agent for the Offer is Equiniti Trust Company, LLC. The dealer manager for the Offer is Itau BBA USA Securities, Inc.

**For questions regarding the terms of the Offer, you may call D.F. King & Co., Inc., the information agent for the Offer, toll-free at (800) 659-5550 (in North America) or (212) 269-5550 (outside North America) or email to vasta@dfking.com, or Itau BBA USA Securities, Inc., the dealer manager for the Offer, at +55 (11) 97530-3709; Attention: Fernando Niemeyer, or +55 (11) 96587-0063; Attention: Felipe Condado Barbosa. For questions regarding how to tender your Securities, you may call D.F. King & Co., Inc., toll-free at (800) 659-5550 (in North America) or (212) 269-5550 (outside North America) or email to vasta@dfking.com.**

**CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING STATEMENTS**

This announcement contains forward-looking statements within the meaning of the US Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates," "will" or words of similar meaning and include, but are not limited to, statements about the expected future business and financial performance of Cogna and Vasta resulting from and following the implementation of the transaction described herein. These statements are based on management's current expectations and are inherently subject to risks, uncertainties and changes in circumstance, including the satisfaction of closing conditions for the transaction, including regulatory approval, and the possibility that the transaction will not be completed. None of Cogna or Vasta undertake any obligations to update the forward-looking statements to reflect actual results, or any change in events, conditions, assumptions or other factors.

**ADDITIONAL INFORMATION REGARDING THE OFFER AND WHERE TO FIND THEM**

This press release is for informational purposes only. This press release is not a recommendation to buy or sell Class A common shares or any other securities of Vasta, and it is neither an offer to purchase nor a solicitation of an offer to sell Class A common shares or any other securities of Vasta. Cogna has filed the tender offer statement on Schedule TO, including the Offer to Purchase, the related letter of transmittal and other related materials, with the SEC on September 17, and subsequently amended it on September 24, 2025. Shareholders should read carefully these materials (including the Offer to Purchase, the related letter of transmittal and other related materials) because they contain important information, including the various terms of, and conditions to, the Offer.

Shareholders will be able to obtain a free copy of the tender offer statement on Schedule TO, the Offer to Purchase, the related letter of transmittal and other related materials that Cogna has filed with the SEC at the SEC's website at www.sec.gov. In addition, free copies of these documents may be obtained by contacting D.F. King & Co., Inc., the information agent for the Offer, toll-free at (800) 659-5550 (in North America) or (212) 269-5550 (outside North America) or email to vasta@dfking.com.