--- schema_version: "secwatch.filing_event.v1" accession: "0001213900-23-048911" form_type: "8-K" ticker: null cik: "0001849737" company_name: "Patria Latin American Opportunity Acquisition Corp." filed_at: "2023-06-14T23:59:59+00:00" generated_at: "2026-06-14T01:33:27.615756+00:00" event_type: "other_material" sentiment: "neutral" materiality_score: 0.65 calibrated_materiality_score: 0.65 confidence: "high" source: SEC EDGAR --- # Patria Latin American SPAC extends deadline to June 14, 2024; 6.1M shares redeemed ## Summary - Shareholders approved extension of business combination deadline from June 14, 2023 to June 14, 2024. - Approved removal of $5,000,001 net tangible asset redemption limitation, allowing redemptions regardless. - Holders of 6,119,519 Class A shares redeemed; ~$179.75M remains in trust from ~$244.9M. - Company deposited $300,000 into trust to extend termination date by one month to July 14, 2023. - All four proposals passed with ~22.7M votes for, ~1.0M against; adjournment proposal not required. ## SEC filing metadata - accession: 0001213900-23-048911 - form_type: 8-K - cik: 0001849737 - company_name: Patria Latin American Opportunity Acquisition Corp. - filed_at: 2023-06-14T23:59:59+00:00 - event_type: other_material - sentiment: neutral - materiality_score: 0.65 - calibrated_materiality_score: 0.65 - confidence: high - sec_items: 5.03, 5.07, 8.01, 9.01 - EDGAR index: https://www.sec.gov/Archives/edgar/data/1849737/000121390023048911/0001213900-23-048911-index.htm - EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1849737/000121390023048911/ea180187-8k_patrialatin.htm ## Machine-readable alternates - HTML: https://secwatch.observer/filing/0001213900-23-048911 - JSON: https://secwatch.observer/filing/0001213900-23-048911.json - Plain text: https://secwatch.observer/filing/0001213900-23-048911.txt ## Key facts - Governance Changes Patria Latin American Opportunity Acquisition Corp.: Approved amendments to the Amended and Restated Memorandum and Articles of Association to extend the business combination deadline, eliminate the redemption limitation, allow founder share conversion, and permit adjournment of the meeting (effective 2023-06-12). - Change: charter amendment - Effective: 2023-06-12 source text: On June 12, 2023, the Company held an extraordinary general meeting of the Company’s shareholders (the “Extraordinary General Meeting”). At the Extraordinary General Meeting, the Company’s shareholders approved amendments (the “Articles Amendment”) to the Company’s Amended and Restated Memorandum and Articles of Association (the “Articles”) to: (i) extend the date (the “Termination Date”) by which the Company has to consummate an initial business combination from June 14, 2023 (the date which is 15 months from the closing date of the Company’s initial public offering of shares of Class A shares) (the “IPO”) (the “Original Termination Date”) to June 14, 2024 (the date which is 27 months from the closing date of the Company’s IPO) (the “Articles Extension Date”), or such earlier date as determined by the Company’s board of directors (“Board”), and to allow the Board, without another shareholder vote, to extend the period of time to consummate the initial business combination on a monthly evidence_url: https://www.sec.gov/Archives/edgar/data/1849737/000121390023048911/0001213900-23-048911-index.htm - Shareholder Votes Patria Latin American Opportunity Acquisition Corp. shareholders approved Redemption Limitation Amendment Proposal - to amend the Articles to eliminate the redemption limitation. at the 2023-06-12 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-06-12 source text: 2. The Redemption Limitation Amendment Proposal — To amend, by way of special resolution, the Company’s Articles, as provided by the second resolution in the form set forth in Annex A to the Proxy Statement to eliminate from the Articles the limitation that the Company shall not redeem Public Shares to the extent that such redemption would cause the Company’s net tangible assets to be less than the Redemption Limitation. The Redemption Limitation Amendment would allow the Company to redeem Public Shares irrespective of whether such redemption would exceed the Redemption Limitation. For Against Abstain Broker non-vote 22,747,704 1,031,561 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1849737/000121390023048911/0001213900-23-048911-index.htm - Shareholder Votes Patria Latin American Opportunity Acquisition Corp. shareholders approved Extension Amendment Proposal - to amend the Company's Articles to extend the termination date. at the 2023-06-12 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-06-12 source text: 1. The Extension Amendment Proposal — To amend, by way of special resolution, the Company’s Articles to extend the Termination Date by which the Company has to consummate a Business Combination from the Original Termination Date to the Articles Extension Date and to allow the Board of the Company, without another shareholder vote, to extend the Termination Date to consummate a Business Combination on a monthly basis for up to for an additional 12 months after the Articles Extension Date, by resolution of the Board, if requested by the Sponsor, and upon five days’ advance notice prior to the applicable Termination Date, until June 14, 2024, or a total of twelve months after the Original Termination Date, as provided by the first resolution in the form set forth in Annex A to the Proxy Statement. For Against Abstain Broker non-vote 22,747,704 1,031,561 0 0 evidence_url: https://www.sec.gov/Archives/edgar/data/1849737/000121390023048911/0001213900-23-048911-index.htm - Shareholder Votes Patria Latin American Opportunity Acquisition Corp. shareholders approved Founder Conversion Amendment Proposal - to amend the Articles to allow conversion of Class B shares at earlier date. at the 2023-06-12 meeting. - Proposal: charter amendment - Outcome: passed - Meeting: 2023-06-12 source text: 3. The Founder Conversion Amendment Proposal — To amend, by way of special resolution, the Company’s Articles, as provided by the third resolution in the form set forth in Annex A to this proxy statement to provide that the Class B Ordinary Shares may be converted either at the time of the consummation of the Company’s initial Business Combination or at any earlier date at the option of the holders of the Class B Ordinary Shares. For Against Abstain Broker non-vote 22,747,70 evidence_url: https://www.sec.gov/Archives/edgar/data/1849737/000121390023048911/0001213900-23-048911-index.htm - Shareholder Votes Patria Latin American Opportunity Acquisition Corp. shareholders approved Adjournment Proposal - to adjourn the meeting if necessary. at the 2023-06-12 meeting. - Outcome: passed - Meeting: 2023-06-12 source text: At the Extraordinary General Meeting, the Company’s shareholders approved the Adjournment Proposal. evidence_url: https://www.sec.gov/Archives/edgar/data/1849737/000121390023048911/0001213900-23-048911-index.htm This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.