Banco Modal S.A. (BOVESPA:MODL3) agreed to acquire W2D Tecnologia e Soluções Ltda for BRL 7.5 million on December 1, 2021. The company may use units buybacked to give to W2 Digital shareholders as a form of payment in kind of an amount of up to BRL 7.5 million. The deal is subject to regulator approval and right of withdrawal to dissenting shareholders from the respective resolution.

Banco Modal S.A. (BOVESPA:MODL3) completed the acqusition of W2D Tecnologia e Soluções Ltda for BRL 7.5 million on April 5, 2022.