Patria Latin American Opportunity Acquisition Corp.: Nasdaq/NYSE listing notice — Patria Latin American Opportunity Acquisition Corp. receives Nasdaq deficiency notice for warrant market value below $1M

Patria Latin American Opportunity Acquisition Corp.

On May 9, 2024, Nasdaq notified Patria that aggregate market value of its outstanding warrants fell below the $1M minimum.
Company has until June 24, 2024 to submit a compliance plan; if accepted, deadline to cure is November 5, 2024.
Notice affects only warrants (PLAOW); listing of Class A shares (PLAO) is unaffected.
Failure to regain compliance could lead to warrant delisting; Company intends to submit a plan.

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Patria Latin American Opportunity Acquisition Corp. received a nasdaq noncompliance notice notice regarding market value (rules 5452(b)(C)).

Exchange: nasdaq
Notice: noncompliance notice
Deficiency: market value
Rules: 5452(b)(C)

Exact text from the filing

Qualifications Department of The Nasdaq Stock Market (“Nasdaq”) indicating that since the Company’s aggregate market value of its outstanding warrants was less than $1 million, the Company was no longer in compliance with the Nasdaq Global Market continued listing criteria set forth in Listing Rule 5452(b)(C), which requires the Company to maintain an aggregate market value of its outstanding warrants of at least $1 million (the “Notice”). The Notice additionally indicates that the Company, pursuant to the Listing Rules, has 45 calendar days, or until June 24, 2024, to submit a plan to regain

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Source: SEC EDGAR

accession 0001213900-24-041768

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