Patria Latin American Opportunity Acquisition in an amended S-1 filing disclosed it now plans to offer 20 million units, down from the 25 million initially registered with the SEC almost a year ago.
A unit consists of one Class A ordinary share and one-half of a warrant.
Patria still intends to target Latin American businesses in which the SPAC’s management has expertise, including healthcare, food and beverage, logistics, agribusiness, education, and financial services.
Chairman Ricardo Leonel Scavazza is a managing partner of Patria Investments Limited and CEO & CIO of Latin American Private Equity.
The SPAC has applied to list on the Nasdaq under the symbol PLAOU.
JP Morgan and Citigroup are joint managers of the offering. Read more.
