STOCK TITAN

Patria Latin American Opportunity (PLAOF) to redeem SPAC shares at ~$12.35

(High)
(Neutral)
Form Type
8-K

Rhea-AI Filing Summary

Patria Latin American Opportunity Acquisition Corp. reports that it did not complete a business combination by September 14, 2025 and will redeem all outstanding Class A ordinary shares issued in its IPO. These public shares will be redeemed at an estimated price of approximately $12.35 per share and, on or around September 26, 2025, will be cancelled and represent only the right to receive the cash redemption amount.

The company will instruct the trustee to liquidate the securities in its trust account and hold the proceeds in a non-interest bearing account until they are distributed to public shareholders. Record holders must deliver their shares to the transfer agent to receive their pro rata portion, while beneficial owners holding in street name will receive the payment automatically. The company states there will be no redemption rights or liquidating distributions with respect to its warrants.

Positive

  • None.

Negative

  • SPAC liquidation instead of business combination – The company did not consummate a business combination by September 14, 2025 and will instead redeem and cancel all public Class A shares.
  • No value return to warrant holders – The company explicitly states there will be no redemption rights or liquidating distributions with respect to its warrants, leaving them without participation in the cash return.

Insights

SPAC is liquidating, returning cash to public shareholders while warrants receive no payout.

Patria Latin American Opportunity Acquisition Corp. discloses that it failed to complete a business combination by September 14, 2025, triggering a mandatory redemption under its Amended Memorandum and Articles. All Class A public shares from the IPO will be redeemed at an estimated $12.35 per share, effectively winding down the SPAC and returning trust capital to public shareholders.

The company will liquidate securities in its trust account, move proceeds into a non-interest bearing account, and distribute funds pro rata. Record holders must submit shares to the transfer agent, while beneficial owners in street name are paid through their brokers. The filing also states there will be no redemption rights or liquidating distributions for the warrants, meaning warrant holders do not participate in this cash return.

This outcome is materially negative relative to the SPAC’s original objective of closing a value-creating business combination. For public shareholders, the key figure is the estimated $12.35 per-share redemption; for warrant holders, the statement that they receive no liquidation distributions is a clear adverse development.

Item 8.01 Other Events Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01 Financial Statements and Exhibits Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What did Patria Latin American Opportunity Acquisition Corp. (PLAOF) announce in this 8-K?

The company announced that it did not complete a business combination by September 14, 2025 and will redeem all outstanding Class A ordinary shares issued in its IPO, effectively winding down the SPAC.

At what price will PLAOF redeem its public Class A shares?

The public Class A ordinary shares will be redeemed at an estimated per-share redemption price of approximately $12.35, with the shares then being cancelled and representing only the right to receive this amount.

When will the PLAOF public share redemption be completed?

The company states that on or around September 26, 2025 the public shares will be deemed cancelled, and the redemption of the public shares is expected to be completed by that date.

How will PLAOF distribute the trust account funds to shareholders?

The company will instruct the trustee to liquidate the securities in the trust account, place the proceeds in a non-interest bearing account, and distribute the funds pro rata. Record holders must deliver their shares to the transfer agent, while beneficial owners in street name will receive the redemption amount through their brokers.

What happens to Patria Latin American Opportunity Acquisition Corp. warrants in this process?

The company states there will be no redemption rights or liquidating distributions with respect to its warrants, so they do not share in the cash distributed from the trust account.

Does PLAOF remain an emerging growth company in this filing?

Yes. The filing indicates that Patria Latin American Opportunity Acquisition Corp. is an emerging growth company as defined under applicable securities laws.
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 8-K

 

CURRENT REPORT

Pursuant to Section 13 or Section 15(d) of the Securities Exchange Act of 1934

 

Date of Report (Date of earliest event reported): September 19, 2025 (September 14, 2025)

 

PATRIA LATIN AMERICAN OPPORTUNITY ACQUISITION CORP.

(Exact Name of Registrant as Specified in its Charter)

 

Cayman Islands   001-41321   N/A
(State or other jurisdiction
of incorporation or organization)
  (Commission
File Number)
  (I.R.S. Employer
Identification Number)

 

60 Nexus Way, 4th Floor,
Camana Bay, PO Box 757, Grand Cayman
  KY1-9006
(Address of Principal Executive Offices)   (Zip Code)

 

+1 345 640 4900

Registrant’s telephone number, including area code

 

Not Applicable
(Former name or former address, if changed since last report)

 

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

 

Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

 

Securities registered pursuant to Section 12(b) of the Act: (None)

 

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

 

Emerging growth company

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. 

 

 

 

 

Item 8.01. Other Events.

 

Pursuant to Section 49.8 of the Amended and Restated Memorandum and Articles of Association (the “Amended Memorandum and Articles”) of Patria Latin American Opportunity Acquisition Corp. (the “Company”), as the Company did not consummate its business combination as of September 14, 2025, the Company will redeem all of the outstanding Class A ordinary shares that were included in the units issued in its initial public offering (the “Public Shares”) at an estimated per-share redemption price of approximately $12.35. On or around September 26, 2025, the Public Shares will be deemed cancelled and will represent only the right to receive the redemption amount.

 

In order to provide for the disbursement of funds from the trust account, the Company will instruct the trustee of the trust account to take all necessary actions to liquidate the securities held in the trust account. The proceeds of the trust account will be held in a non-interest bearing account while awaiting disbursement to the holders of the Public Shares. Record holders will receive their pro rata portion of the proceeds of the trust account by delivering their Public Shares to Continental Stock Transfer & Trust Company, the Company’s transfer agent. Beneficial owners of Public Shares held in “street name,” however, will not need to take any action in order to receive the redemption amount. The redemption of the Public Shares is expected to be completed by September 26, 2025.

 

There will be no redemption rights or liquidating distributions with respect to the Company’s warrants.

 

Forward-Looking Statements

 

This document contains certain “forward-looking statements” within the meaning of the federal securities laws, including with respect to the pursuit by Patria Latin American Opportunity Acquisition Corp. (the “Company”) of a business combination transaction. These forward-looking statements are generally identified by words such as “anticipate,” “believe,” continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “strive,” “would” or the negatives of these words or words of similar meaning. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Such forward-looking statements are based upon the current beliefs and expectations of the management of the Company and are inherently subject to significant business, economic and competitive risks, uncertainties and contingencies. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the “Risk Factors” section of the Company’s Annual Report on Form 10-K, Quarterly Reports on Form 10-Q, the Company’s registration statement, the final prospectus for the Company’s initial public offering and other documents filed by the Company from time to time with the U.S. Securities and Exchange Commission (the “SEC”). You are cautioned not to place undue reliance on these forward-looking statements as a predictor of future results, performance and/or achievements as projected financial information and other information are based on estimates and assumptions, whether or not identified in this document, that are inherently subject to various significant risks, uncertainties, contingencies and other factors, many of which are difficult to predict and generally beyond the control of the parties involved in the proposed transaction. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. The Company gives no assurance that it will achieve its expectations.

 

Item 9.01. Financial Statements and Exhibits.

 

(d) Exhibits:

 

Exhibit No.   Description
104   Cover Page Interactive Data File (embedded with the Inline XRBL document).

 

1

 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Exchange Act of 1934, as amended, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

 

Date: September 19, 2025

 

  PATRIA LATIN AMERICAN OPPORTUNITY
ACQUISITION CORP.
   
  By: /s/ José Augusto Gonçalves de Araújo Teixeira
    José Augusto Gonçalves de Araújo Teixeira
    Chief Executive Officer

 

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