LatAmGrowth SPAC Class A’s Strategic Merger and Nasdaq Debut

An update from LatAmGrowth SPAC Class A ( (LATG) ) is now available.

The recently concluded business combination between Femco Steel Technology Co., Ltd. (FST) and Chenghe Acquisition I Co. marks a significant milestone for FST as it transitions into a publicly traded company. This strategic merger, approved by Chenghe’s shareholders on December 23, 2024, is expected to accelerate FST’s growth in the global golf shaft and equipment market. Upon the completion of the merger, FST’s newly formed holding company, FST Corp., plans to commence trading on the Nasdaq Global Market under the ticker symbol ‘KBSX’ on January 16, 2025. This move is anticipated to enhance FST’s capabilities and expand its reach in the competitive arena, offering long-term value for its shareholders. The completion of the business combination also led to the cessation of trading of Chenghe’s ordinary shares and units.

More about LatAmGrowth SPAC Class A

FST Corp., based in Taiwan, is primarily engaged in the research, development, production, and sales of golf shafts. The company caters to major golf brand manufacturers and distributors globally, offering contract manufacturing of steel golf shafts as well as high-quality proprietary brands, such as KBS, which is renowned in the golf club shaft market and trusted by PGA professionals worldwide.

YTD Price Performance: -13.44%

Average Trading Volume: 83,750

Technical Sentiment Consensus Rating: Buy

Current Market Cap: $57.67M

For an in-depth examination of LATG stock, go to TipRanks’ Stock Analysis page.