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Nu Holdings Ltd. (NYSE: NU) announced a conference call on May 16, 2022, at 6:00 p.m. EST to discuss its first-quarter 2022 financial results to be released after market close. Additionally, the final lock-up release date for ordinary shares held by shareholders, including officers and directors, has been modified to May 17, 2022, coinciding with the earnings release. Nu is a leading digital banking platform in Brazil, Mexico, and Colombia, serving nearly 54 million customers.
Positive
Serving almost 54 million customers across Brazil, Mexico, and Colombia.
Strategic timing of lock-up release aligns with earnings announcement.
Negative
None.
GRAND CAYMAN, Cayman Islands--(BUSINESS WIRE)--
Nu Holdings Ltd. ("Nu" or the "Company") (NYSE: NU | B3: NUBR33), one of the world’s largest digital banking platforms and one of the leading technology companies in the world, today announced that it will host a conference call to discuss its first quarter 2022 financial results on Monday, May 16, 2022 at 6:00 p.m. Eastern Time (7:00 p.m. Brasília Time). The earnings release with first quarter 2022 financial results will be issued after the market closes that same day.
Further to the foregoing, the Company announced today that Morgan Stanley & Co. LLC has agreed to the modification of the final lock-up release date with respect to all of the Company’s ordinary shares (including in the form of Brazilian Depositary Receipts) held by the Company’s shareholders, including certain officers and directors of the Company, that were subject to lock-up agreements entered into in connection with the Company’s initial public offering. The final lock-up release will now take effect on May 17, 2022, so it coincides with Nu’s earnings release, and is not made in connection with any offering.
This press release is not an offer for sale of the securities in the United States or in any other jurisdiction where such offer is prohibited, and such securities may not be offered or sold in the United States absent registration or an exemption from registration under the United States Securities Act of 1933, as amended.
Earnings Release
Monday, May 16, 2022 Time: After Market Close
Conference Call
Monday, May 16, 2022 Time:6:00 p.m. EST – 7:00 p.m. BRT
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About Nu Holdings
Nu is one of the world’s largest digital banking platforms, serving almost 54 million customers across Brazil, Mexico and Colombia. As one of the leading technology companies in the world, Nu uses proprietary technologies and innovative business practices to create new financial solutions and experiences for individuals and SMEs that are simple, intuitive, convenient, low-cost, empowering and human. Guided by a mission to fight complexity and empower people, Nu is focused on connecting profit and purpose to create value for all stakeholders and have a positive impact on the communities it serves. Nu’s shares are traded on the New York Stock Exchange (NYSE: NU) and its BDRs trade on the São Paulo Stock Exchange (B3: NUBR33).
