Financial reports / Patria Latin American Opportunity Acquisition Corp. | Tables in SEC filings

PLAO Patria Latin American Opportunity Acquisition Corp.

Quarterly report

PATRIA LATIN AMERICAN OPPORTUNITY ACQUISITION CORP CONDENSED STATEMENTS OF CASH FLOWS (Unaudited)

	FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2024		FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2023
Cash Flows from Operating Activities
Net income	$	4,283,432	$	7,453,331
Adjustments to reconcile net income to net cash used in operating activities:
Realized gain on investments held in Trust Account		(5,404,525)		(7,601,882)
Interest on related party promissory note		18,047		-
Deemed contribution for administrative support - related party		90,000		-
Change in fair value of derivative warrant liabilities		338,000		(780,000)
Changes in operating assets and liabilities:
Prepaid expenses		(98,159)		173,901
Accounts payable		(234,362)		226,158
Accrued expenses		(5,809)		6,130
Net cash used in operating activities		(1,013,376)		(522,362)
Cash Flows from Investing Activities
Purchase of U.S. government treasury obligations		(438,723,197)		(672,783,585)
Proceeds from redemption of U.S. government treasury obligations		436,950,712		671,583,585
Trust Account withdrawal - redemption		141,300,945		65,163,747
Net cash provided by investing activities		139,528,460		63,963,747
Cash Flows from Financing Activities
Redemption of Class A shares		(141,300,945)		(65,163,747)
Proceeds from note payable and advances from related party		2,747,485		1,200,000
Repayment of note payable and advances from related party		-		(3,144)
Net cash used in financing activities		(138,553,460)		(63,966,891)

Net decrease in cash		(38,376)		(525,506)
Cash - beginning of period		47,046		707,749
Cash - end of period	$	8,670	$	182,243

Supplemental disclosure of noncash investing and financing activities:
Accretion of Class A shares to redemption value	$	7,177,010	$	8,801,882

	For The Three Months Ended September 30, 2024		For The Three Months Ended September 30, 2023		For The Nine Months Ended September 30, 2024		For The Nine Months Ended September 30, 2023

General and administrative expenses	$	194,881	$	241,063	$	765,046	$	928,551
Loss from operations		(194,881)		(241,063)		(765,046)		(928,551)
Change in fair value of derivative warrant liabilities		306,800		(353,600)		(338,000)		780,000
Realized gain on investments held in Trust Account		714,328		2,360,877		5,404,525		7,601,882
Interest on related party promissory note		(12,252)		-		(18,047)		-
Net income	$	813,995	$	1,766,214	$	4,283,432	$	7,453,331
Weighted average shares outstanding of Class A ordinary shares subject to possible redemption, basic and diluted		4,541,424		16,880,481		11,971,878		20,511,844
Basic and diluted net income per share, Class A ordinary shares subject to possible redemption	$	0.19	$	0.13	$	0.44	$	0.38
Weighted average shares outstanding of Class B non-redeemable ordinary shares, basic and diluted		5,750,000		5,750,000		5,750,000		5,750,000
Basic and diluted net loss per share, Class B non-redeemable ordinary shares	$	(0.01)	$	(0.07)	$	(0.16)	$	(0.05)

	For The Nine Months Ended September 30, 2024		For The Nine Months Ended September 30, 2023
Net income	$	4,283,432	$	7,453,331
Accretion of temporary equity in excess of fair value		(7,177,010)		(8,801,882)
Net loss including accretion of temporary equity in excess of fair value	$	(2,893,578)	$	(1,348,551)

	Level 1		Level 2		Level 3		Total
Assets
Marketable securities held in Trust Account	$	53,231,709	$	-	$	-	$	53,231,709
	$	53,231,709	$	-	$	-	$	53,231,709
Liabilities:
Public Warrants	$	494,500	$	-	$	-	$	494,500
Private Placement Warrants		-		623,500		-		623,500
Total liabilities	$	494,500	$	623,500	$	-	$	1,118,000

	Private Warrants		Public Warrants		Total
Fair value at January 1, 2024	$	435,000	$	345,000	$	780,000
Change in fair value		188,500		149,500		338,000
Fair value as of September 30, 2024	$	623,500	$	494,500	$	1,118,000

Table search / Financial reports / Patria Latin American Opportunity Acquisition Corp.

51 results

Top filers

Top filing types

Recent filing years