Chenghe Acquisition Merges with Semilux, Signs Forward Purchase Deal

Chenghe Acquisition Co. Class A (CHEA) has released an update to notify the public and investors about an entry into a material definitive agreement.

Chenghe Acquisition Co. has finalized a business combination agreement with Semilux International Ltd. and related parties, effectively merging into Semilux and renaming itself. In conjunction, a forward purchase agreement was signed with Meteora Strategic Capital and affiliates to potentially buy up to 6 million Chenghe shares, adhering to certain ownership limits. This strategic move is designed to comply with tender offer regulations and could impact investors’ views on the merger’s strength.

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