Company: PAX
Filing Date: 2025-01-30
Form Type: 424B3
Source: 0000950103-25-001159
Chunk: 20

Company: Patria Investments Ltd
Filing Date: 2025-01-30
Form: 424B3
Chunk 20
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Our shareholders adopted
the Memorandum and Articles of Association included as Exhibit 3.1 to the Amendment No. 2 to our registration statement on Form F-1 (File
No. 333-251823), filed with the SEC on January 14, 2021.

Our Memorandum and Articles
of Association authorize the issuance of up to US$100,000, consisting of 1,000,000,000 shares of par value US$0.0001. Of those authorized
shares, (1) 500,000,000 are designated as Class A common shares, (2) 250,000,000 are designated as Class B common shares, and (3)
250,000,000 are as yet undesignated and may be issued as common shares or shares with preferred rights. As of the date hereof, 54,247,500
Class A common shares and 92,945,430 Class B common shares of our authorized share capital were issued, fully paid and outstanding.

Our Class A common shares are listed on the Nasdaq
under the symbol “PAX.”

Initial settlement of our
Class A common shares took place on the closing date of our initial public offering through The Depository Trust Company, or “DTC,”
in accordance with its customary settlement procedures for equity securities. Each person owning Class A common shares held through
DTC 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 “