Chenghe Acquisition’s Shareholders Endorse Major Business Combination

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

Chenghe successfully conducted an Extraordinary General Meeting where shareholders approved a significant Business Combination, as detailed in a January proxy statement. Subsequent to the meeting, over 8 million Chenghe shares were redeemed at roughly $11.08 each, totaling around $90 million in cash redemptions, marking a notable financial move for the company and its investors.

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