Meteora's Funds Report Nearly 10% Ownership in Patria LATAM SPAC (PLAOU)

Rhea-AI Filing Summary

Patria Latin American Opportunity Acquisition Corp. is reported to have a significant ownership stake held by Meteora Capital, LLC and its managing member Vik Mittal. The Reporting Persons state beneficial ownership of 450,000 Class A common shares, representing 9.91% of the class. Meteora reports shared voting and shared dispositive power over all 450,000 shares and no sole voting or dispositive power. The shares are held by funds and managed accounts for which Meteora serves as investment manager, and the filing certifies the position was acquired in the ordinary course of business and not for the purpose of changing control.

Positive

• Material stake disclosed: 450,000 shares representing 9.91% of Class A common stock is a significant, reportable position
• Passive intent declared: The filing is under Rule 13d-1(b), indicating the position is held in the ordinary course of business and not to change control

Negative

• No sole voting or dispositive power: Meteora reports 0 sole voting and dispositive power, limiting unilateral influence
• Concentration but limited control: While near 10%, shared power may reduce ability to effect corporate actions alone

Insights

Financial Analyst

TL;DR: Meteora holds 450,000 shares (9.91%), a material passive stake reported via amended Schedule 13G.

The filing shows a near-10% position in PLAOU with shared voting and dispositive power, which is large enough to be materially relevant to holders and the market but is presented as passive under Rule 13d-1(b). For valuation or ownership-oriented analysis, the key metrics are the 450,000-share holding and the 9.91% ownership percentage; absence of sole voting or dispositive power suggests Meteora does not presently assert unilateral control. This disclosure signals sizable institutional interest without an expressed intent to effect control.

Corporate Governance Expert

TL;DR: A Delaware investment adviser reports shared control of a substantial stake but explicitly disclaims an intent to change issuer control.

The report identifies Meteora Capital as the investment manager for funds and accounts holding the shares and names Vik Mittal as the managing member. The filing documents shared voting/dispositive authority over 450,000 shares and includes a certification that the holdings were not acquired to influence control, except potentially in connection with a nomination under the referenced proxy rule. From a governance perspective, a near-10% passive stake can influence shareholder votes if coordinated with others, but the Schedule 13G treatment indicates no current claim of control.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 3)

Patria Latin American Opportunity Acquisition Corp.

(Name of Issuer)

Class A Common Stock, par value $0.0001 per share

(Title of Class of Securities)

G69454109

(CUSIP Number)

06/30/2025

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

Rule 13d-1(b)

Rule 13d-1(c)

Rule 13d-1(d)

SCHEDULE 13G

CUSIP No. G69454109

1

Names of Reporting Persons

Meteora Capital, LLC

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 450,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 450,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

450,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

9.91 %

12

Type of Reporting Person (See Instructions)

IA

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Patria Latin American Opportunity Acquisition Corp.
(b)	Address of issuer's principal executive offices: 60 Nexus Way, 4th Floor, Camana Bay, PO Box 757, Grand Cayman, Cayman Islands, KY1-9006
Item 2.
(a)	Name of person filing: (i) Meteora Capital, LLC, a Delaware limited liability company ("Meteora Capital") with respect to the Common Stock (as defined in Item 2(d)) held by certain funds and managed accounts to which Meteora Capital serves as investment manager (collectively, the "Meteora Funds"); and (ii) Vik Mittal, who serves as the Managing Member of Meteora Capital, with respect to the Common Stock held by the Meteora Funds. The foregoing persons are hereinafter sometimes collectively referred to as the "Reporting Persons." The filing of this statement should not be construed as an admission that any of the Reporting Persons is, for the purposes of Section 13 of the Act, the beneficial owner of the Common Stock reported herein.
(b)	Address or principal business office or, if none, residence: The address of the principal business office for each of the Reporting Persons is: 1200 N Federal Hwy, #200, Boca Raton FL 33432
(c)	Citizenship: Meteora Capital is a Delaware limited liability company. Vik Mittal is a United States citizen.
(d)	Title of class of securities: Class A Common Stock, par value $0.0001 per share
(e)	CUSIP No.: G69454109
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: 450,000
(b)	Percent of class: 9.91 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 450,000
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 450,000
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Meteora Capital, LLC

Signature:	Vik Mittal
Name/Title:	Managing Member
Date:	08/14/2025

FAQ

Who filed the Schedule 13G/A for PLAOU?

The filing was made by Meteora Capital, LLC and includes Vik Mittal as the managing member.

How many PLAOU shares does Meteora Capital report owning?

Meteora reports beneficial ownership of 450,000 Class A common shares of PLAOU.

What percentage of PLAOU does Meteora's holding represent?

The reported holding represents 9.91% of the Class A common stock.

Does Meteora Capital have sole voting or dispositive power over these shares?

No. The filing reports 0 sole voting power and 0 sole dispositive power; all power is reported as shared.

Under what authority was this Schedule 13G/A filed?

The statement is filed in accordance with the Schedule 13G framework and is presented as an amendment to a prior filing.