Chenghe Acquisition Co. Class A (CHEA) has released an update.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
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.
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.
