- CEO
- Jose Augusto Goncalves de Araujo Teixeira
- Full Time Employees
- 2
- Sector
- Financial Services
- Industry
- Shell Companies
- Address
- 18 Forum Lane Grand Cayman Cayman Islands KY1-9006
- IPO Date
- May 4, 2022
- Business
- Patria Latin American Opportunity Acquisition Corp. (PLAO) is a Cayman Islands-based blank check company sponsored by Patria SPAC LLC, a subsidiary of Patria Investments Ltd, that seeks to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses primarily in Latin America. The company focuses on target sectors including healthcare, food and beverage, logistics, agribusiness, education, and financial services; it provides a pathway for private companies to access public markets while leveraging Patria's operational expertise, investment capabilities, due diligence resources, and capital-raising support. Incorporated in 2021 and headquartered at 60 Nexus Way, 4th Floor, Camana Bay, Grand Cayman, Cayman Islands, PLAO went public via IPO in March 2022 but maintains minimal operations with two employees and targets established businesses with scale, growth prospects, quality management, and competitive advantages.
In recent developments, PLAO's securities faced delisting from Nasdaq due to failure to complete a business combination within 36 months of its IPO effectiveness, reflecting non-compliance with listing rules. The company announced liquidation proceedings on September 26, 2025, marking the wind-down of its operations without identifying a suitable acquisition target. Recent SEC filings, including quarterly reports and statements of beneficial ownership through November 2024, highlight ongoing investor activity and regulatory notifications amid its unsuccessful search for a de-SPAC transaction.