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Chenghe Acquisition Co. Revises Key Agreement Terms
Company Announcements

Chenghe Acquisition Co. Revises Key Agreement Terms

Chenghe Acquisition Co. Class A (CHEA) has released an update.

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On February 1, 2024, Chenghe and the TCO parties made two key agreements: firstly, the Sponsor is released from executing the Lock-Up Agreement at the Closing, and secondly, they waived the requirement that the Company Acquisition Percentage be at least 90.1% for the Closing, as per the Business Combination Agreement terms. Both parties have mutually agreed to waive their rights and release each other from these specific obligations.

For further insights into CHEA stock, check out TipRanks’ Stock Analysis page.

For a comprehensive understanding of the announcement, you can read the full document here.

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