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PLAOU

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Patria Latin American Opportunity Acquisition Corp

11.62
0.00 (0.00%)
Last Update: 17 Apr 2025 16:30:00
Yesterday: 11.62
Day's Range: 11.62 - 11.62
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When Written:
 
10.57
Patria Latin American Opportunity Acquisition Corp (PAX) is a special purpose acquisition company (SPAC) that was formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses in Latin America. The company was founded in 2020 and is based in New York City.

PAX raised $200 million in its initial public offering (IPO) in November 2020. The company is sponsored by Patria Investments, a leading alternative asset management firm focused on Latin America. Patria Investments has over $14 billion in assets under management and has a strong track record of investing in the region.

PAX is focused on identifying attractive investment opportunities in sectors such as healthcare, education, financial services, consumer, and technology. The company is led by a team of experienced executives and advisors with extensive experience in Latin America.

As of August 2021, PAX has not yet announced a target company for its business combination. The company has until November 2022 to complete a transaction or it will be required to return the funds raised in its IPO to its shareholders.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.
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