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SÃO PAULO–(BUSINESS WIRE)–XP Inc. (Nasdaq: XP), a leading, technology-driven platform and a trusted provider of low-fee financial products and services in Brazil, announced today the signing of a binding agreement (“Binding Agreement”) to merge up to 100% of Banco Modal S.A. (B3: MODL11) (“Banco Modal”), which will be paid with up to 19.5 million newly issued XP Inc. Class A shares or Brazilian Depositary Receipts (BDR), implying a premium of 35% over Banco Modal’s last thirty days average pr
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