Chenghe Acquisition Co. Class A (CHEA) has released an update to notify the public and investors about the submission of matters to a vote of security holders.
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Chenghe Acquisition Co. held an extraordinary general meeting on February 2, 2024, where over 85% of its shareholders voted on several proposals. The Business Combination Proposal was approved to adopt a business combination agreement with Semilux International Ltd. and its subsidiaries, resulting in a merger and Chenghe’s name change to SEMILUX LTD. Additionally, proposals were passed to reclassify and re-designate share capital and to adopt amended corporate documents reflecting the merger and name change. All proposals received a significant majority of votes in favor, with similar numbers voting against and no abstentions. No adjournment proposal was needed as all resolutions passed.
For further insights into CHEA corporate activity, check out TipRanks’ Insiders Trading Activity page.
For a comprehensive understanding of the announcement, you can read the full document here.
