Company: PAX
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0000950103-25-000600
Chunk: 4

Company: Patria Investments Ltd
Filing Date: 2025-01-16
Form: 424B3
Chunk 4
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 sales. In addition, the Selling Stockholders may have sold, transferred
or otherwise disposed of all or a portion of their Class A common shares since the date on which they provided the information regarding
their Class A common shares in transactions exempt from the registration requirements of the Securities Act. This information is based
on information provided by or on behalf of the Selling Stockholders. The number of Class A common shares owned by the Selling Stockholders
(or any of their future transferees) assumes that they do not beneficially own any Class A common shares other than the Class A common
shares that Patria issued or may issue to them pursuant to the VBI Transaction Agreement.

Percentage ownership information in the following
tables is based on 60,640,738 Class A common shares outstanding and 92,945,430 Class B common shares outstanding as of January 16, 2025.

Class A common shares

The following table sets forth information with
respect to the number of Class A common shares that would become beneficially owned by the Selling Stockholder that may be offered pursuant
to this prospectus supplement.

| Name                          |                              Class A 
                        common shares 
 Beneficially Owned Prior to Issuance |                                                                               Maximum 
 Number of Class A common shares Issuable pursuant to the VBI Transaction Agreement(1) |                                                 Class A 
 common shares Beneficially Owned Following the Issuance |       |                     Number of 
 Class A common shares Offered | Class A                                          
 common shares Beneficially Owned after Resale(3) |    |
| Shares                        |                           Percent(2) |                                                                                Shares |                                              Percent(2) |       |                               |                                                  |    |
| Kenneth Aron Wainer           |                              113,612 |                                                                               429,911 |                                                 543,523 | 0.89% |                       429,911 | —                                                | —% |
| Rodrigo Lacombe Abbud         |                              113,612 |                                                                               429,911 |                                                 543,523 | 0.89% |                       429,911 | —                                                | —% |
| Other Selling Stockholders(4) |                              110,768 |                                                                               387,024 |                                                 497,792 | *%    |                       387,024 | —                                                | —% |

____________________

| * | Represents beneficial ownership of less than one percent (1%) of our outstanding Class A common shares. |

| (1) | The maximum aggregate number of