Analyst Summary
- Patria Latin American Opportunity Acquisition Corp. received a delisting notice from Nasdaq on March 10, 2025.
- The delisting is due to non-compliance with Nasdaq’s IM-5101-2 rule, requiring a business combination within 36 months of the IPO.
- The company’s securities will be suspended and delisted from The Nasdaq Global Market on March 17, 2025.
- Nasdaq will file a Form 25-NSE with the SEC to remove the company’s securities from listing and registration.
Potential Implications
Stock Price
- Delisting from Nasdaq could negatively impact the company’s stock price due to reduced liquidity and investor confidence.