SEC Comment Letter 0000000000-23-013832 to Patria Latin American Opportunity Acquisition Corp. (PLAO, PLAOU, PLAOW) (CIK 0001849737)
Patria Latin American Opportunity Acquisition Corp. (PLAO, PLAOU, PLAOW) (CIK 0001849737)
Date: Dec. 19, 2023 · CIK: 0001849737 · Accession: 0000000000-23-013832
AI Filing Summary & Sentiment
File numbers found in text: 001-41321
Letter
United States securities and exchange commission logo December 19, 2023 Ana Cristina Russo Chief Financial Officer Patria Latin American Opportunity Acquisition Corp. 18 Forum Lane, 3rd floor Camana Bay, PO Box 757 Grand Cayman, KY1-9006 Re:Patria Latin American Opportunity Acquisition Corp. Form 10-K for the fiscal year ended December 31, 2022 File No. 001-41321 Dear Ana Cristina Russo: We have reviewed your filing and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the fiscal year ended December 31, 2022 General 1.With a view toward disclosure, please tell us whether your sponsor is, is controlled by, or has substantial ties with a non-U.S. person. If so, please revise your disclosure in future filings to include disclosure that addresses how this fact could impact your ability to complete your initial business combination. For instance, discuss the risk to investors that you may not be able to complete an initial business combination with a U.S. target company should the transaction be subject to review by a U.S. government entity, such as the Committee on Foreign Investment in the United States (CFIUS), or ultimately prohibited. Disclose that as a result, the pool of potential targets with which you could complete an initial business combination may be limited. Further, disclose that the time necessary for government review of the transaction or a decision to prohibit the transaction could prevent you from completing an initial business combination and require you to liquidate. Disclose the consequences of liquidation to investors, such as the losses of the investment opportunity in a target company, any price appreciation in the combined company, and the warrants, which would expire worthless. Please include an example of
FirstName LastNameAna Cristina Russo Comapany NamePatria Latin American Opportunity Acquisition Corp. December 19, 2023 Page 2 FirstName LastName Ana Cristina Russo Patria Latin American Opportunity Acquisition Corp. December 19, 2023 Page 2 your intended disclosure in your response. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Jeffrey Lewis at 202-551-6216 or Isaac Esquivel at 202-551-3395 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Real Estate & Construction
Show Raw Text
United States securities and exchange commission logo
December 19, 2023
Ana Cristina Russo
Chief Financial Officer
Patria Latin American Opportunity Acquisition Corp.
18 Forum Lane, 3rd floor
Camana Bay, PO Box 757
Grand Cayman, KY1-9006
Re:Patria Latin American Opportunity Acquisition Corp.
Form 10-K for the fiscal year ended December 31, 2022
File No. 001-41321
Dear Ana Cristina Russo:
We have reviewed your filing and have the following comment.
Please respond to this letter within ten business days by providing the requested
information or advise us as soon as possible when you will respond. If you do not believe a
comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for the fiscal year ended December 31, 2022
General
1.With a view toward disclosure, please tell us whether your sponsor is, is controlled by, or
has substantial ties with a non-U.S. person. If so, please revise your disclosure in future
filings to include disclosure that addresses how this fact could impact your ability to
complete your initial business combination. For instance, discuss the risk to investors that
you may not be able to complete an initial business combination with a U.S. target
company should the transaction be subject to review by a U.S. government entity, such as
the Committee on Foreign Investment in the United States (CFIUS), or ultimately
prohibited. Disclose that as a result, the pool of potential targets with which you could
complete an initial business combination may be limited. Further, disclose that the time
necessary for government review of the transaction or a decision to prohibit the
transaction could prevent you from completing an initial business combination and require
you to liquidate. Disclose the consequences of liquidation to investors, such as the losses
of the investment opportunity in a target company, any price appreciation in the combined
company, and the warrants, which would expire worthless. Please include an example of
FirstName LastNameAna Cristina Russo
Comapany NamePatria Latin American Opportunity Acquisition Corp.
December 19, 2023 Page 2
FirstName LastName
Ana Cristina Russo
Patria Latin American Opportunity Acquisition Corp.
December 19, 2023
Page 2
your intended disclosure in your response.
We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
Please contact Jeffrey Lewis at 202-551-6216 or Isaac Esquivel at 202-551-3395 if you
have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction