Chenghe Acquisition in an 8-K said its shareholders approved merging with Taiwan Color Optics.
The $380 million deal was announced last July and includes a $30 million PIPE.
While the 8-K did not disclose redemptions, the parties agreed to waive lock-up provisions and the closing equity Chenghe had been expected to receive.
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.
Chenghe raised $100 million in an April 2022 IPO to focus on financial technology or technology-enabled financial service companies, including artificial intelligence, big data, cloud and blockchain-related initiatives in Asian markets. Read more.
