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Rhea-AI Summary
Patria Latin American Opportunity Acquisition Corp. announced the pricing of its initial public offering (IPO) at $10.00 per unit, totaling 20 million units. The units, which consist of one Class A ordinary share and one-half redeemable warrant, will trade under the ticker symbol PLAOU starting March 10, 2022. The offering is expected to close on March 14, 2022. The company, focused on potential business combinations in Latin America, is partnered with Patria Investimentos Ltda. J.P. Morgan and Citigroup are coordinating the offering.
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