CHEA SEC filings, in plain English
Everything Chenghe Acquisition Co. has filed with the SEC that we hold — 40 filings, newest first, 2 with a plain-English summary of what changed and why it matters. Every row links to the primary document on EDGAR, so you can check the source rather than trust us.
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What changed: Chenghe Acquisition Co.'s proxy statement and prospectus for its combination with Semilux International Ltd. covers up to 8,437,681 ordinary shares, 13,500,000 warrants and 13,500,000 ordinary shares issuable on exercise of those warrants, under a Business Combination Agreement dated July 21, 2023. Why it matters: With the seller keeping roughly 60.5% even before any redemptions, CHEA public shareholders are a minority from day one, and their share only shrinks as others redeem. The warrant block at 9.15% to 9.81% of the post-closing company is unusually large and represents dilution that arrives if the stock ever recovers enough to make exercise worthwhile. Redemption at trust value is the way to avoid both effects.
What changed vs 2023-07-05deadline 2024-05-02 → 2024-05-21going concern APPEAREDcombination deadline, going-concern doubt, trust account +22 moved · 3 with no prior record of ours
- Combination deadline
- 2024-05-022024-05-21
- Going-concern doubt
- not statedstated
- Trust account
- not previously extracted$120.1M
- Sponsor loans outstanding
- not previously extracted$300K
- Redeemable shares
- not previously extracted8.44M
SpacBrain reads this as 19 days later than the previous record.
The clause …“to the Business Combination Agreement will have the right to terminate the Business Combination Agreement if the Business Combination is not consummated by May 21, 2024 (Hong Kong Time), subject to certain conditions and exceptions.”…
SpacBrain reads this as the substantial-doubt sentence is in this filing and not in the previous one.
The clause …“accounting firm’s report contains an explanatory paragraph that express substantial doubt about its ability to continue as a “going concern.” Chenghe may not have sufficient funds to consummate the Business Combination. • The”…
The clause …“Current Assets 856,553 13,040 Deferred offering costs — 435,396 Investments held in Trust Account 120,082,704 — TOTAL ASSETS $ 120,939,257 $ 448,436 LIABILITIES, ORDINARY SHARES SUBJECT TO POSSIBLE REDEMPTION AND SHAREHOLDERS’”…
The clause …“of June 30, 2022 or the closing of the SPAC IPO. As of May 2, 2022, SPAC had borrowed $300,000 and repaid under the promissory note. Related Party Loans In order to finance working capital deficit or to finance transaction costs in”…
The clause …“value; 500,000,000 shares authorized; none issued and outstanding (excluding 8,437,681 and 11,500,000 shares subject to possible redemption as of September 30, 2023 and December 31, 2022, respectively) — — Class B ordinary shares,”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2023-07-25trust $122.7M → $120.1M -2%shares 11.5M → 8.44M -27%
trust account, redeemable shares, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $122.7M$120.1M
- Redeemable shares
- 11.5M8.44M
- Combination deadline
- 2024-05-02 · unchanged
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $300K · unchanged
SpacBrain reads this as $2,644,615 left the trust between the two filings.
The clause …“of September 30, 2023 and December 31, 2022, the Company had $ 91,420,697 and $ 120,082,704 held in the Trust Account. Class A Ordinary Shares Subject to Possible Redemption The Company accounts for its Class A ordinary shares subject”…
SpacBrain reads this as 3,062,319 shares are no longer redeemable.
The clause …“value; 500,000,000 shares authorized; none issued and outstanding (excluding 8,437,681 and 11,500,000 shares subject to possible redemption as of September 30, 2023 and December 31, 2022, respectively) — — Class B ordinary shares,”…
The clause …“of six additional months beyond the First-Phase Extended Date, until up to May 2, 2024, for a deposit, for each monthly extension after the First-Phase Extended Date, of the lesser of (a) $100,000 and (b) $0.025 for each public share”…
The clause …“business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities”…
The clause …“June 30, 2022 or the closing of the IPO. As of May 2, 2022, the Company had borrowed $ 300,000 and repaid under the promissory note. Related Party Loans In order to finance working capital deficit or to finance transaction costs in”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
- What changed vs 2023-05-15trust $121.3M → $122.7M +1%deadline 2023-08-01 → 2024-05-02
trust account, combination deadline, going-concern doubt +22 moved · 3 with no prior record of ours
- Trust account
- $121.3M$122.7M
- Combination deadline
- 2023-08-012024-05-02
- Going-concern doubt
- stated · unchanged
- Sponsor loans outstanding
- $300K · unchanged
- Redeemable shares
- 11.5M · unchanged
SpacBrain reads this as $1,433,096 was added to the trust between the two filings.
The clause “215,720 Total Current Assets 524,202 856,553 Investments held in Trust Account 122,727,319 120,082,704 TOTAL ASSETS $ 123,251,521 $ 120,939,257 LIABILITIES, ORDINARY SHARES SUBJECT TO”…
SpacBrain reads this as 275 days later than the previous record.
The clause “1, 2023 (which may be extended by the Company for up to nine months periods to May 2, 2024 if the Extension Amendment Proposal is approved or if the Company exercises the Original Extension Right). Business Combination Agreement On July”…
The clause …“business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities”…
The clause …“June 30, 2022 or the closing of the IPO. As of May 2, 2022, the Company had borrowed $ 300,000 and repaid under the promissory note. Related Party Loans In order to finance working capital deficit or to finance transaction costs in”…
The clause …“value; 500,000,000 shares authorized; none issued and outstanding (excluding 11,500,000 shares subject to possible redemption as of June 30, 2023 and December 31, 2022, respectively) — — Class B ordinary shares, $ 0.0001 par value;”…
Read from stored SEC filing text by a regex — no model is involved — and each side links to the filing it came from. “Not previously extracted” is a statement about our record, not about the company: the clause may be present in wording we do not match.
What changed: Chenghe Acquisition Co. called an extraordinary general meeting for July 26, 2023 to extend the Termination Date three months, from August 2, 2023, which is 15 months from the IPO closing, to November 2, 2023, for a deposit of the lesser of US$300,000 or US$0.075 for each Class A Ordinary Share not redeemed. Thereafter the Company may extend monthly to May 2, 2024, each month requiring a deposit of the lesser of US$100,000 or US$0.025 per unredeemed Class A Ordinary Share, measured as of the Original Termination Date. Why it matters: Seven and a half cents a share for the first three months and two and a half cents a month after is meaningful per-share accretion, but the per-share caps are measured against shares outstanding at the Original Termination Date, so as redemptions mount the flat dollar caps of US$300,000 and US$100,000 bind and the remaining holders receive proportionally more. Nine months of extension is being sought at once on a vehicle only 15 months past its IPO, with no target yet before shareholders.
In plain English
Redemption deadlinethe last day to hand shares back for cash
Set by the filing that calls the meeting. Tender after it and the company is under no obligation to pay you the trust value.
Cash in trust / trust per sharethe cash the company is holding for each public share
Filed quarterly in the 10-Q's XBRL. It earns interest between filings, so the figure on a given day is slightly higher than the last filed one — where we show that we label it an estimate.
Accession numberthe SEC's unique id for one filing
Every figure on this page carries the accession of the filing that states it, so you can open the primary document rather than trust us.