Chenghe Acquisition III prices $110 million IPO on NASDAQ

Chenghe Acquisition III Co. (NASDAQ: CHECU) priced its initial public offering of 11 million units at $10.00 per unit, raising $110 million. The special purpose acquisition company expects its units to begin trading on the Nasdaq Global Market on September 16, 2025.

Each unit consists of one Class A ordinary share and one-half of one redeemable warrant. The warrants become exercisable 30 days after the company completes its initial business combination and allow holders to purchase Class A ordinary shares at $11.50 per share. Once the securities begin separate trading, the Class A ordinary shares and warrants will trade under the symbols "CHEC" and "CHECW," respectively.

BTIG, LLC serves as the sole book-running manager for the offering. The company granted the underwriter a 45-day option to purchase up to an additional 1.65 million units at the IPO price to cover over-allotments. The offering is expected to close on September 17, 2025, subject to customary closing conditions.

The Securities and Exchange Commission declared the company's registration statement effective on September 15, 2025. Chenghe Acquisition III Co. is incorporated in the Cayman Islands and plans to focus its acquisition search on growing companies in Asian markets or global companies with a presence in Asia.

The information is based on a company press release statement.

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