Sequoia Logística e Transportes S.A. (BOVESPA:SEQL3) entered into binding memorandum of understanding to acquire Grupo MOVE3 from on December 28, 2023. Within the term of the Binding Memorandum, the parties will evaluate and discuss the structure for implementation of the Potential Transaction together with the legal, financial and accounting advisors engaged for such purpose. Post completion of the transaction, the MOVE3 Shareholders will become holders of a material equity interest in the Company. The intended business combination will result in a unique logistics network model in the national market, combining best practices in a single group, creating one of the private leaders in the express parcels and logistics solutions segment.

The Company emphasizes that the consummation of the Potential Transaction will be subject the execution of the transaction definitive agreements, as well as to the compliance with certain conditions precedent, including the approval by the Brazilian antitrust authority (Conselho Administrativo de Defesa Econômica - CADE), as provided for in the Binding Memorandum.