Company: PAX
Filing Date: 2025-05-15
Form Type: 20-F
Source: 0001628280-25-025640
Chunk: 305

Company: Patria Investments Ltd
Filing Date: 2025-05-15
Form: 20-F
Item: Item 19
Chunk 305
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───────────────
  Advances to employees                                               2,604                              2,671  
  Advances to suppliers                                               3,052      606                            
  Prepaid expenses (a)                                                7,163                              6,081  
  Intangible asset acquisition rights         —                                                          1,886  
  Unamortized fund structuring costs (b)      394                                —                              
  Other current assets                                                1,468      537                            
  Other current assets                                               14,681                             11,781  
  Prepaid expenses (a)                        168                                266                            
  Unamortized debt issuance costs             —                                                          1,235  
  Unamortized fund structuring costs (b)                              3,553      —                              
  Deposits on lease agreements (c)                                    2,247                              2,012  
  Other non-current assets                    618                                285                            
  Other non-current assets                                            6,586                              3,798  

(a) Prepaid expenses are comprised of SPAC life extension costs, IT related services and insurance. These costs will be recognized as an expense in the period the services are provided.

(b) Fund structuring costs represent the cost incurred in the set-up of funds. The cost incurred will be amortized over the life of the respective funds.

(c) Deposits and guarantees on lease agreements are subject to reimbursement at the end of the lease contract period. Interest is not charged on these deposits.

11Recoverable Taxes

                               December 31, 2024                 December 31, 2023             
 ───────────────────────────────────────────────────────────────────────────────────────────────
  Income tax recoverable                              3,706                             3,846  
  Other recoverable taxes                    806                               168             
  Recoverable Taxes                                   4,512                             4,014  

Recoverable taxes consist mainly of income taxes paid in advance to tax authorities in Brazil and Chile.

12Investments

a. Short-term investments

                                             December 31, 2024                  December 31, 2023               
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Securities (a)                                                     4,956                              17,154  
  Investments held in trust account (b)                             54,053                             187,356  
  Short-term investments                                            59,009                             204,510  

(a) Securities are liquid investment