Research analysts covering Chenghe Acquisition III.
Recent press releases and 8-K filings for CHEC.
Chenghe Acquisition III Co. Completes IPO, Faces Going Concern Uncertainty
CHEC
M&A
New Projects/Investments
Accounting Changes
- 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.
- Simultaneously, 408,000 Private Placement Units were sold at $10.00 per unit, raising an additional $4,080,000.
- A total of $126,500,000 from the IPO and private placement proceeds was placed into a U.S.-based trust account.
- As of September 17, 2025, the company reported a working capital deficit of $33,049 and a shareholders’ deficit of $5,093,049.
- 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.
Sep 23, 2025, 8:42 PM
Chenghe Acquisition III Co. Announces Pricing of Initial Public Offering
CHEC
- Chenghe Acquisition III Co. priced its initial public offering of 11,000,000 units at $10.00 per unit on September 15, 2025.
- The units are expected to be listed for trading on the Nasdaq Global Market under the ticker symbol "CHECU" on September 16, 2025.
- Each unit consists of one Class A ordinary share and one-half of one redeemable warrant.
- 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.
- 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.
Sep 18, 2025, 8:15 PM
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