Summary by Futu AI
Nu Holdings Ltd., an affiliate known as Rua California Ltd., is set to sell 31,000,000 Class A Ordinary Shares with an aggregate market value of $403,620,000 on 08/14/2024. The shares to be sold were acquired on the same date through an exchange of Class B Ordinary Shares, which were originally obtained from the issuer on 12/08/2021. The transaction is structured as an exchange of assets, with no additional payment. This significant move comes without any reported sales of securities by the affiliate in the past three months.