Patria Latin American Opportunity Acquisition Corp.
PLAOW
NASDAQ Global Market0.04
USD
+0.00
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Patria Latin American Opportunity Acquisition Corp.
PLAOW
(NASDAQ Global Market)
Recent
price
0.04
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Patria Latin American Opportunity Acquisition Corp. (PLAOW) operates as a blank check company, or special purpose acquisition company (SPAC), focused on effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, primarily targeting established companies in Latin America across sectors including healthcare; food and beverage; logistics; agribusiness; education; and financial services. Sponsored by Patria SPAC LLC, an affiliate of Patria Investments Ltd, a leading global alternative asset manager, the company leverages Patria's investment expertise, operational capabilities, relationships and due diligence resources to identify targets with scale, attractive growth prospects, high-quality management and sustainable competitive advantages. Incorporated in 2021 and headquartered in Camana Bay, Grand Cayman, Cayman Islands, it completed its initial public offering in March 2022, raising $230 million in gross proceeds held in trust for a business combination. The company maintains a lean structure with two employees and no current significant operations beyond seeking and pursuing acquisition opportunities, utilizing proceeds from its IPO and potential sponsor loans to fund activities. It targets businesses that would benefit from public market access and Patria's value-creation platform across multiple geographies and economic conditions. In recent developments, the company extended its business combination deadline multiple times, most recently to September 14, 2025, with monthly renewal options; however, upon failing to complete a merger, it announced redemption of all outstanding Class A ordinary shares at approximately $12.35 per share, with cancellation expected by September 26, 2025, leading to its liquidation. Nasdaq suspended trading of its Class A ordinary shares on March 19, 2025, and delisted its warrants and units effective November 18, 2024, due to non-compliance with listing standards, including insufficient market value of publicly held warrants. The U.S. Securities and Exchange Commission revoked its Exchange Act registration following these events.