Sec Form 13G Filing - SPX Gestao de Recursos Ltda filing for AMBIPAR EMERGENCY RESPONSE (AMBI) - 2023-12-07

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13G

Under the Securities Exchange Act of 1934

(Amendment No. __1_)*
Ambipar Emergency Response
(Name of Issuer)
Class A ordinary shares, par value $0.0001 per share
(Title of Class of Securities)
G02532102
(CUSIP Number)
November 15, 2023
(Date of Event which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this
Schedule is filed:

	[_]  Rule 13d-1(b)

	[X]  Rule 13d-1(c)

	[_]  Rule 13d-1(d)

*The remainder of this cover page shall be filled out for a reporting
person's initial filing on this form with respect to the subject class
of securities, and for any subsequent amendment containing information
which would alter the disclosures provided in a prior cover page.

The information required in the remainder of this cover page shall not
be deemed to be "filed" for the purpose of Section 18 of the
Securities Exchange Act of 1934 ("Act") or otherwise subject to the
liabilities of that section of the Act but shall be subject to all
other provisions of the Act (however, see the Notes).



SCHEDULE 13G
CUSIP
No.
G02532102

1
Names of Reporting Persons

SPX Gestao de Recursos Ltda.
2
Check the appropriate box if a member of a Group (see
instructions)

(a)  [ ]
(b)  [ ]
3
Sec Use Only


4
Citizenship or Place of Organization

Brazil
Number of
Shares
Beneficiall
y Owned by
Each
Reporting
Person
With:

5
  Sole Voting Power




6
  Shared Voting Power


  1,836,339

7
  Sole Dispositive Power




8
  Shared Dispositive Power


  1,836,339
9
Aggregate Amount Beneficially Owned by Each Reporting Person

1,836,339
10
Check box if the aggregate amount in row (9) excludes certain
shares (See Instructions)

[ ]
11
Percent of class represented by amount in row (9)

10.3(1)
12
Type of Reporting Person (See Instructions)

IA, FI, CO
(1)	Based upon 16,195,000 shares of Class A common stock
outstanding as of December 7, 2023.

Item 1.
(a)	Name of Issuer: Ambipar Emergency Response
(b)	Address of Issuer's Principal Executive Offices: AVENIDA
ANGELICA, N. 2346, 5TH FLOOR, SAO PAULO, SAO PAULO, Brazil, 01228-200
Item 2.
(a)	Name of Person Filing: SPX Gestao de Recursos Ltda.
(b)	Address of Principal Business Office or, if None, Residence: Rua
Humaita, 275, 6 floor, Humaita, CEP 22261-005, Rio de Janeiro,
RJ, Brazil
(c)	Citizenship:	Brazil
(d)	Title and Class of Securities: Class A Ordinary Shares*
(e)	CUSIP No.:	G02532102
Item 3. 	If this statement is filed pursuant to  240.13d-1(b) or
240.13d-2(b) or (c), check whether the person filing is a:
(a)	[_]	Broker or dealer registered under Section 15 of the
Act;
(b)	[_]	Bank as defined in Section 3(a)(6) of the Act;
(c)	[_]	Insurance company as defined in Section 3(a)(19) of the
Act;
(d)	[_]	Investment company registered under Section 8 of the
Investment Company Act of 1940;
(e)	[_]	An investment adviser in accordance with Rule 13d-
1(b)(1)(ii)(E);
(f)	[_]	An employee benefit plan or endowment fund in
accordance with Rule 13d-1(b)(1)(ii)(F);
(g)	[_]	A parent holding company or control person in
accordance with Rule 13d-1(b)(1)(ii)(G);
(h)	[_]	A savings associations as defined in Section 3(b) of
the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	[_]	A church plan that is excluded from the definition of
an investment company under section 3(c)(14) of the
Investment Company Act of 1940;
(j)	[X]	A non-U.S. institution in accordance with Rule 240.13d-
1(b)(1)(ii)(J);
(k)	[_]	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
If filing as a non-U.S. institution in accordance with
Rule 240.13d-1(b)(1)(ii)(J), please specify the type of
institution: ____
Item 4.	Ownership
(a)	Amount Beneficially Owned:  	 1,836,339 shares
 (b)	Percent of Class:  10.3%
 (c)	Number of shares as to which such person has:
	(i)	Sole power to vote or to direct the vote:
	(ii)	Shared power to vote or to direct the vote: 1,836,339
(iii)	Sole power to dispose or to direct the disposition of:
(iv)	Shared power to dispose or to direct the disposition of:
1,836,339
*The shares of Class A common stock, par value $0.0001 per share (the
"Shares") of Ambipar Emergency Response are held in the form of
warrants and Class A common stock. Each whole warrant entitles the
holder thereof to purchase one share of Class A common stock, and only
whole warrants are exercisable.
SPX Gestao de Recursos Ltda. is a non-US investment adviser advising
upon the Shares beneficially owned by several non-US private
investment funds. The filing of this Schedule 13G shall not be
construed as an admission that the Investment Manager is, for purposes
of Sections 13(d) or 13(g) of the Securities Exchange Act of 1934, as
amended, the beneficial owner of any Class A Shares covered by this
Schedule 13G.

Item 5.	Ownership of Five Percent or Less of a Class.
   [ ]
Item 6.	Ownership of more than Five Percent on Behalf of Another
Person.
	Not applicable.
Item 7.	Identification and classification of the subsidiary which
acquired the security being reported on by the parent holding
company or control person.
	Not applicable.
Item 8.	Identification and classification of members of the group.
	Not applicable.
Item 9.	Notice of Dissolution of Group.
	Not applicable.
Item 10.	Certifications.
	By signing below I certify that, to the best of my knowledge
and belief, the securities referred to above were not acquired
and are not held for the purpose of or with the effect of
changing or influencing the control of the issuer of the
securities and were not acquired and are not held in
connection with or as a participant in any transaction having
that purpose or effect, other than activities solely in
connection with a nomination under  240.14a-11.


SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true,
complete and correct.
Dated:  December 7, 2023
/s/ Katherine Albuquerque
Katherine Albuquerque/Chief Compliance Officer of SPX Gestao de
Recursos Ltda.
The original statement shall be signed by each person on whose behalf
the statement is filed or his authorized representative.  If the
statement is signed on behalf of a person by his authorized
representative (other than an executive officer or general partner of
this filing person), evidence of the representative's authority to
sign on behalf of such person shall be filed with the statement,
provided, however, that a power of attorney for this purpose which is
already on file with the Commission may be incorporated by reference.
The name and any title of each person who signs the statement shall be
typed or printed beneath his signature.
Attention:  Intentional misstatements or omissions of fact constitute
Federal criminal violations (See 18 U.S.C. 1001).