Company: PAX
Filing Date: 2025-01-30
Form Type: 424B3
Source: 0000950103-25-001159
Chunk: 28

Company: Patria Investments Ltd
Filing Date: 2025-01-30
Form: 424B3
Chunk 28
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Changes to Capital

Pursuant to the Articles
of Association, Patria may from time to time by ordinary resolution:

| • | increase its share capital by such sum, to be divided into shares of such amount, as the resolution shall 
 prescribe;                                                                                                |

| • | consolidate and divide all or any of its share capital into shares of a larger amount than its existing 
 shares;                                                                                                 |

| • | convert all or any of its paid-up shares into stock and reconvert that stock into paid-up shares of any 
 denomination;                                                                                           |

| • | subdivide its existing shares or any of them into shares of a smaller amount, provided that in the subdivision                         
 the proportion between the amount paid and the amount, if any, unpaid on each reduced share shall be the same as it was in the case of 
 the share from which the reduced share is derived; or                                                                                  |

| • | cancel any shares which, at the date of the passing of the resolution, have not been issued or agreed            
 to be issued to any person and diminish the amount of its share capital by the amount of the shares so canceled. |

Patria’s shareholders
may by special resolution, subject to confirmation by the Grand Court of the Cayman Islands on an application by the Company for an order
confirming such reduction, reduce its share capital or any capital redemption reserve in any manner permitted by law.

In addition, subject to the
provisions of the Companies Act and our Articles of Association, Patria may:

| • | issue shares on terms that they are to be redeemed or are liable to be redeemed; |

| • | purchase its own shares (including any redeemable shares); and |

| • | make a payment in respect of the redemption or purchase of its own shares in any manner authorized by 
 the Companies Act, including out of its own capital.                                                  |

Transfer of Shares

Subject to any applicable
restrictions set forth in the Articles of Association, any shareholder of Patria may transfer all or any of his or her common shares by
an instrument of transfer in the usual or common form or in the form prescribed by the Nasdaq or any other form approved by Patria’s
board of directors.

The Class A common shares
sold in our initial public offering are traded on the Nasdaq in book-entry form and may be transferred in accordance with Patria’s
Articles of Association and Nasdaq’s rules and regulations.

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However, Patria’s board
of directors