Company: PAX
Filing Date: 2025-01-16
Form Type: 424B3
Source: 0000950103-25-000600
Chunk: 20

Company: Patria Investments Ltd
Filing Date: 2025-01-16
Form: 424B3
Chunk 20
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TC must rely on the procedures thereof and on institutions that have accounts therewith to exercise any rights of a holder of the Class A
common shares. Persons wishing to obtain certificates for their Class A common shares must make arrangements with DTC.

The following is a summary
of the material provisions of our authorized share capital and our Articles of Association.

The Memorandum and Articles
of Association authorize two classes of common shares: Class A common shares, which are entitled to one vote per share, and Class B
common shares, which are entitled to 10 votes per share and to maintain a proportional ownership interest in the event that additional
Class A common shares are issued. Any holder of Class B common shares may convert his or her shares at any time into Class A
common shares on a share-for-share basis. The rights of the two classes of common shares are otherwise identical, except as described
below. The implementation of this dual class structure was required by Patria Holdings, one of our existing shareholders, as a condition
of undertaking an initial public offering of our common shares. See “—Anti-Takeover Provisions in Our Articles of Association—Two
Classes of Common Shares.”

At the date hereof, Patria’s
total authorized share capital was US$100,000, divided into 1,000,000,000 shares par value US$0.0001 each, of which:

| • | 500,000,000 shares are designated as Class A common shares; and |

| • | 250,000,000 shares are designated as Class B common shares. |

The remaining 250,000,000
authorized but unissued shares are presently undesignated and may be issued by our board of directors as common shares of any class or
as shares with preferred, deferred or other special rights or restrictions in accordance with the Memorandum and Articles of Association.

We currently have a total
issued share capital of US$14,720, divided into 147,192,930 common shares. Those common shares are divided into 54,247,500 Class A
common shares and 92,945,430 Class B common shares.

Treasury Stock

As of the date hereof, Patria
has no shares in treasury.

Issuance of Shares

Except as expressly provided
in Patria’s Articles of Association, the board of directors has general and unconditional authority to allot, grant options over,
offer or otherwise deal with or dispose of any unissued shares in the Company’s capital without the