Chenghe Acquisition announced the completion of its business combination with Taiwan Color Optics, a provider of LiDAR and ADB components and solutions, and their newly formed holding company, Semilux International Ltd.
Shares of Semilux begin trading today on the Nasdaq under the ticker symbol SELX.
Redemptions ahead of the merger vote removed just over $90 million from the trust. Chenghe originally raised $100 million in an April 2022 IPO to focus on financial technology or technology-enabled financial service companies in Asian markets.
The parties had 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. Read more.
