Chenghe Acquisition Co. Class A (CHEA) has released an update.
In a significant move within the financial markets, CayCo took over the rights, interests, and obligations under Chenghe’s Warrant Agreement through an Assignment, Assumption and Amendment Agreement, while an Investor Rights Agreement was executed granting shareholders registration rights and influencing the composition of CayCo’s board of directors. Concurrently, several of Chenghe’s pre-existing agreements were terminated as the Business Combination was finalized. This led to the resignation of Chenghe’s officers and directors, and the delisting of Chenghe’s securities from Nasdaq, marking the completion of this transformative business deal.
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