Company: PAX
Filing Date: 2025-01-30
Form Type: 424B3
Source: 0000950103-25-001159
Chunk: 21

Company: Patria Investments Ltd
Filing Date: 2025-01-30
Form: 424B3
Chunk 21
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—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 approval of our shareholders
(whether forming part of the original or any increase in issued share capital), either at a premium or at par, with or without preferred,
deferred or other special rights or restrictions, whether relating to dividend, voting, return of capital or otherwise and to such persons,
on such terms and conditions, and at such times as the directors may decide, but so that no share shall be issued at a discount, except
in

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accordance with the provisions
of the Companies Act. In accordance with its Articles of Association, Patria shall not issue bearer shares.

Patria’s Articles of
Association provide that at any time there are Class A common shares in issue, additional Class B common shares may only be
issued pursuant to (1) a share split, subdivision of shares or similar transaction or where a dividend or other distribution is paid
by the issue of shares or rights to acquire shares or following capitalization of profits, (2) a merger, consolidation, or other
business combination involving the issuance of