Company: PAX
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0000950103-25-000600
Chunk: 34

Company: Patria Investments Ltd
Filing Date: 2025-01-16
Form: 424B3
Chunk 34
---
 company may obtain an undertaking against the imposition of any future taxation (such undertakings 
 are usually given for 20 years in the first instance);                                                         |

| • | an exempted company may register by way of continuation in another jurisdiction and be deregistered in 
 the Cayman Islands;                                                                                    |

| • | an exempted company may register as a limited duration company; and |

| • | an exempted company may register as a segregated portfolio company. |

“Limited liability”
means that the liability of each shareholder is limited to the amount unpaid by the shareholder on the shares of the company (except in
exceptional circumstances, such as involving fraud, the establishment of an agency relationship or an illegal or improper purpose or other
circumstances in which a court may be prepared to pierce or lift the corporate veil).

Since the closing of its
initial public offering, Patria became subject to reporting and other informational requirements of the Exchange Act, as applicable to
foreign private issuers. Except as otherwise disclosed in this prospectus or our 2022 Form 20-F, Patria intends to continue to comply
with the Nasdaq rules in lieu of following home country practice.

Anti-Takeover Provisions in Our Articles of Association

Some provisions of the Articles
of Association may discourage, delay or prevent a change in control of Patria or management that shareholders may consider favorable.
In particular, the capital structure of Patria concentrates ownership of voting rights in the hands of Patria Holdings. These provisions,
which are summarized below, are expected to discourage coercive takeover practices and inadequate takeover bids. These provisions are
also designed to encourage persons seeking to acquire control of Patria to first negotiate with the board of directors. However, these
provisions could also have the effect of discouraging others from attempting hostile takeovers and, as a consequence, they may also inhibit
temporary fluctuations in the market price of the Class A common shares that often result from actual or rumored hostile takeover
attempts. These provisions may also have the effect of preventing changes in the management of Patria. It is possible that these provisions
could make it more difficult to accomplish transactions that shareholders may otherwise deem to be in their best interests.

Two Classes of Common Shares

The Class B common shares
of Patria are entitled to 10 votes per share, while the Class A common shares are entitled to one vote per share. Since Patria
Holdings beneficially owns all the Class B common shares, Patria Holdings has the ability to elect