- **Chenghe Acquisition III Co. (CHEC)** completed its Initial Public Offering (IPO) on **September 17, 2025**, selling **12,650,000 units** at **$10.00 per unit**, generating **$126,500,000** in gross proceeds.  **[2047177_0001213900-25-090646_ea0257951-8k_chenghe3.htm:1]** **[2047177_0001213900-25-090646_ea025795101ex99-1_chenghe3.htm:2]** 
- Simultaneously, **408,000 Private Placement Units** were sold at **$10.00 per unit**, raising an additional **$4,080,000**.  **[2047177_0001213900-25-090646_ea0257951-8k_chenghe3.htm:1]** **[2047177_0001213900-25-090646_ea025795101ex99-1_chenghe3.htm:2]** 
- A total of **$126,500,000** from the IPO and private placement proceeds was placed into a U.S.-based trust account.  **[2047177_0001213900-25-090646_ea0257951-8k_chenghe3.htm:1]** 
- As of September 17, 2025, the company reported a **working capital deficit of $33,049** and a **shareholders’ deficit of $5,093,049**.  **[2047177_0001213900-25-090646_ea025795101ex99-1_chenghe3.htm:6]** 
- These conditions raise **substantial doubt about the Company’s ability to continue as a going concern**, with management planning to address this through a Business Combination.  **[2047177_0001213900-25-090646_ea025795101ex99-1_chenghe3.htm:0]** **[2047177_0001213900-25-090646_ea025795101ex99-1_chenghe3.htm:6]**

Chenghe Acquisition III Co. Completes IPO, Faces Going Concern Uncertainty

- Chenghe Acquisition III Co. priced its initial public offering of **11,000,000 units** at **$10.00 per unit** on September 15, 2025.  **[2047177_0001213900-25-088993_ea025751801ex99-1_chenghe3.htm:0]** 
- The units are expected to be listed for trading on the Nasdaq Global Market under the ticker symbol **"CHECU" on September 16, 2025**.  **[2047177_0001213900-25-088993_ea025751801ex99-1_chenghe3.htm:0]** 
- Each unit consists of **one Class A ordinary share** and **one-half of one redeemable warrant**.  **[2047177_0001213900-25-088993_ea025751801ex99-1_chenghe3.htm:0]** 
- Each whole warrant will entitle the holder to purchase one Class A ordinary share at a price of **$11.50 per share**, exercisable 30 days after the completion of the Company's initial business combination.  **[2047177_0001213900-25-088993_ea025751801ex99-1_chenghe3.htm:0]** 
- The offering is expected to close on **September 17, 2025**, and the underwriter has a 45-day option to purchase up to an additional **1,650,000 units** to cover over-allotments.  **[2047177_0001213900-25-088993_ea025751801ex99-1_chenghe3.htm:0]**

Chenghe Acquisition III (CHEC)