Chenghe Acquisition today entered into a merger agreement with Tawian-based Semilux International, a direct wholly owned subsidiary of CayCo and Taiwan Color Optics at an equity value of $380 million.
If approved, the deal is expected to close in the fourth quarter and the merged company would list on the Nasdaq.
Founded in 2009, TCO is an optical 3D sensing technology company that is primarily involved in the design, manufacture and sale of laser light source modules and integration chips for various applications including LiDAR sensor, smart headlight, and laser projector light source.
The SPAC raised $100 million in an April 2022 IPO.
Cohen & Company Capital Markets, a division of J.V.B. Financial Group, is financial advisor and lead capital markets advisor to Chenghe Acquisition. White & Case is serving as legal advisor to Chenghe Acquisition and Landi Lawyer is serving as legal advisor to TCO. Read more.
