Company: PAX
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0000950103-25-000600
Chunk: 19

Company: Patria Investments Ltd
Filing Date: 2025-01-16
Form: 424B3
Chunk 19
---
andum and Articles of Association; (2) the Companies Act; and (3) the common law of the Cayman
Islands. As provided in our Articles of Association, subject to Cayman Islands law, we have full capacity to carry on or undertake any
business or activity, do any act or enter into any transaction, and, for such purposes, full rights, powers and privileges. Our registered
office is at c/o Maples Corporate Services Limited, P.O. Box 309, Ugland House, Grand Cayman, KY1-1104, Cayman Islands.

The following discussion summarizes the material terms of the Class
A common shares of Patria which may be offered by this prospectus. This discussion does not purport to be complete and is qualified in
its entirety by reference to theMemorandum and Articles of Association included as Exhibit 3.1 to the Amendment No. 2 to our registration
statement on Form F-1 (File noNo. 333-251823), filed with the SEC on January 14, 2021.

<div align='center'>10</div>

Our shareholders adopted
the Memorandum and Articles of Association included as Exhibit 3.1 to the Amendment No. 2 to our registration statement on Form F-1 (File
No. 333-251823), filed with the SEC on January 14, 2021.

Our Memorandum and Articles
of Association authorize the issuance of up to US$100,000, consisting of 1,000,000,000 shares of par value US$0.0001. Of those authorized
shares, (1) 500,000,000 are designated as Class A common shares, (2) 250,000,000 are designated as Class B common shares, and (3)
250,000,000 are as yet undesignated and may be issued as common shares or shares with preferred rights. As of the date hereof, 54,247,500
Class A common shares and 92,945,430 Class B common shares of our authorized share capital were issued, fully paid and outstanding.

Our Class A common shares are listed on the Nasdaq
under the symbol “PAX.”

Initial settlement of our
Class A common shares took place on the closing date of our initial public offering through The Depository Trust Company, or “DTC,”
in accordance with its customary settlement procedures for equity securities. Each person owning Class A common shares held through
D