Chenghe Acquisition II in an 8-K said it closed its IPO and deposited $86.25 million in proceeds into trust. The amount includes the exercise of the underwriters’ over-allotment option.
The units list on the NYSE American under the ticker symbol CHEB.U. Each consists of one Class A share and one-half of a warrant, with whole warrants exercisable for a share at $11.50.
The new SPAC intends to focus on growing companies in Asian markets or global companies with a presence or focus in Asia, including China.
Once the securities begin separate trading, shares and warrants will list on the NYSE American under the symbols CHEB and CHEB.WS. Read more.
