Chenghe Acquisition III Co. Announces Closing of $126.5 Million Initial Public Offering, Including Full Exercise of the Underwriter's Overallotment Option

Group 1 - Chenghe Acquisition III Co. closed its initial public offering of 12,650,000 units at a price of $10.00 per unit, raising total gross proceeds of $126.5 million [1][2] - The units are listed for trading on the Nasdaq Global Market under the ticker symbol "CHECU," with each unit consisting of one Class A ordinary share and one-half of one redeemable warrant [1][2] - The warrants will be exercisable 30 days after the completion of the Company's initial business combination at a price of $11.50 per share [1] Group 2 - The Company intends to use the net proceeds from the offering and a simultaneous private placement to pursue business combinations with one or more businesses [2][5] - Chenghe Acquisition III Co. is a special purpose acquisition company incorporated in the Cayman Islands, focusing on mergers and acquisitions primarily in Asian markets [5]