Chenghe acquisition iii co. announces closing of $126.5 million initial public offering, including full exercise of the underwriter's overallotment option

Singapore, sept. 17, 2025 (globe newswire) -- chenghe acquisition iii co. (“the company”), a newly organized special purpose acquisition company formed as a cayman islands exempted company, announced today the closing of its initial public offering of 12,650,000 units at a price of $10.00 per unit, which includes 1,650,000 units pursuant to the full exercise of the overallotment option granted to the underwriter, resulting in total gross proceeds of the offering of $126.5 million. the units have been listed for trading on the nasdaq global market (“nasdaq”) under the ticker symbol “checu.” each unit consists of one class a ordinary share and one-half of one redeemable warrant. each whole warrant, which becomes exercisable 30 days after the completion of the company's initial business combination, will entitle the holder thereof to purchase one class a ordinary share at a price of $11.50 per share. no fractional warrants will be issued upon separation of the units and only whole warrants will trade. once the securities comprising the units begin separate trading, the company expects that its class a ordinary shares and warrants will be listed on nasdaq under the symbols “chec” and “checw,” respectively.
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