Patria Latin American Opportunity Acquisition in a proxy filing asks shareholders to approve an extension that would give the SPAC until September 2025 to complete a merger.
If approved, Patria would deposit the lesser of $75,000 or 1.5 cents a share into trust for each month up to the new deadline.
The SPAC raised $200 million in a March 2022 IPO to focus its search in Latin America and in sectors where Patria has developed investment expertise (including healthcare, food and beverage, logistics, agribusiness, education, and financial services). Read more.
