3//SEC Filing
Patria SPAC LLC 3
Accession 0000950103-22-004352
CIK 0001849737other
Filed
Mar 9, 7:00 PM ET
Accepted
Mar 10, 9:13 AM ET
Size
7.1 KB
Accession
0000950103-22-004352
Insider Transaction Report
Form 3
Patria SPAC LLC
10% Owner
Holdings
Class B ordinary shares
→ Class A ordinary shares (5,750,000 underlying)
Footnotes (4)
- [F1]The Reporting Person holds 5,750,000 Class B ordinary shares of the Issuer ("Class B Shares"). The Class B Shares may be converted into Class A ordinary shares of the Issuer ("Class A Shares") concurrently with or following the consummation of the Issuer's initial business combination on a one-for-one basis, subject to adjustments, as described in the section entitled "Description of Securities" in the Issuer's Registration Statement on Form S-1/A (File No. 333-254498) filed with the Securities and Exchange Commission on March 8, 2022. The Class B Shares have no expiration date.
- [F2]Up to 750,000 of the Class B Shares held by the Reporting Person are subject to forfeiture for no consideration depending on the extent to which the underwriters' over-allotment option is exercised.
- [F3]The Reporting Person is the record holder of these shares, and the Reporting Person is controlled by a board of managers consisting of Ricardo Leonel Scavazza, Jose Augusto Goncalves de Araujo Teixeira, Alexandre Teixeira de Assumpcao Saigh, and Marco Nicola D'Ippolito. Each manager of the Reporting Person has one vote, and the approval of three of the four members of the board of managers is required to approve an action of the Reporting Person. Under the so-called "rule of three," if voting and dispositive decisions regarding an entity's securities are made by two or more individuals, and a voting and dispositive decision requires the approval of a majority of those individuals, then none of the individuals is deemed a beneficial owner of the entity's securities. This is the situation with regard to the Reporting Person.
- [F4]Based upon the foregoing analysis, no individual manager of the Reporting Person exercises voting or dispositive control over any of the securities held by the Reporting Person even those in which such individual manager directly holds a pecuniary interest. Accordingly, none of them will be deemed to have or share beneficial ownership of such shares and, for the avoidance of doubt, each expressly disclaims any such beneficial interest to the extent of any pecuniary interest he may have therein, directly or indirectly.
Documents
Issuer
Patria Latin American Opportunity Acquisition Corp.
CIK 0001849737
Entity typeother
IncorporatedCayman Islands
Related Parties
1- filerCIK 0001909434
Filing Metadata
- Form type
- 3
- Filed
- Mar 9, 7:00 PM ET
- Accepted
- Mar 10, 9:13 AM ET
- Size
- 7.1 KB