Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 352

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 352
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 31, 2024, 2023 and 2022  
  (Amounts in thousands of United States dollars - US$, except where otherwise stated)       
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g. SPAC

Refer to notes 5(f) and 21(c) for related party transaction with the SPAC.

h. Tria option arrangements

Four directors of Tria hold a 33.33 33.33

i. Igah option arrangements

Three directors of PILTDA hold a 57.08 57.08

33Events after the reporting period

Acquisition payables

On January 17, 2025, the Group issued 1,246,846 14.5

On January 29, 2025, the Group agreed with the previous shareholders of Moneda to settle the outstanding deferred consideration as disclosed under note 21(b)(i) in Class A common shares of the Company. The Group issued 2,423,546 28.7

On February 06, 2025, and as agreed in the share purchase agreement with Aberdeen Inc, the Group paid GBP 17 21

Bonus share scheme

During February 2025, the Group issued 803,627

Patria Latin American Opportunity Acquisition Corp (“ PLAO”)

On March 10, 2025, PLAO received a written notice from the Listing Qualifications Department of Nasdaq indicating that its securities would be subject to suspension and delisting from The Nasdaq Global Market at the opening of business on March 17, 2025, due to non-compliance with IM-5101-2, which requires PLAO to complete a business combination within 36 months of the effectiveness of its IPO registration statement. Nasdaq informed PLAO that a Form 25-NSE will be filed with the SEC, which will remove PLAO’s securities from listing and registration on The Nasdaq Stock Market. Accordingly, the PLAO security is no longer listed on Nasdaq.

During the fourth quarter of 2024, the public warrants in connection with PLAO’s IPO were delisted from The Nasdaq Global Market at the opening of business on November 18, 2024, due to PLAO’s non-compliance with certain Nasdaq Listing Rules.

  Patria Investments Limited      F-85  

  Table of Contents  

  Notes to the consolidated financial statements                                             
  As of December 31, 2024 and 202