Patria Latin American Opportunity Acquisition in a proxy filing seeks shareholder approval to move its termination date up to Sept. 14, 2025 in monthly increments. The SPAC called a June 12 meeting for the vote. Patria Latin American Opportunity has yet to announce a deal.
If approved, the new deadline would mark 42 months from the closing of the company’s $200 million IPO in March 2022. The sponsor would deposit the lesser of $75,000 or 1.5 cents a share into trust for each month needed up to the new deadline.
The SPAC has been focused on potential targets in Latin America and in sectors where Patria has developed investment expertise (including healthcare, food and beverage, logistics, agribusiness, education, and financial services). The company’s sponsor is associated with the Brazilian asset management firm Patria Investimentos Ltda. Read more.
