LATG SEC filings, in plain English
Everything Chenghe Acquisition I 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 I Co. filed a definitive merger proxy and prospectus covering up to 46,784,431 ordinary shares, 14,400,000 warrants and 14,400,000 shares issuable on warrant exercise of FST Corp., under a Business Combination Agreement dated December 22, 2023. Assuming no public shareholders redeem and all SPAC warrants are exercised, FST's existing shareholders would retain approximately 62.11% of the post-closing company and SPAC public warrant holders 10.62%, rising to 10.94% under intermediate redemptions, against pro forma total ordinary shares of 61,184,431. Why it matters: The target's shareholders keep 62.11% even before redemptions, so public shareholders and warrant holders divide a minority of the combined company - and the public share of that minority shrinks with every redemption while the warrant holders' percentage rises. Warrant holders ending with more than 10% of the company is unusual and means the exercise proceeds materially fund the business. Redemption at trust is the alternative to a diluted minority stake.
What changed vs 2024-09-30going concern APPEAREDgoing-concern doubt, trust account, redeemable shares +11 moved · 3 with no prior record of ours
- Going-concern doubt
- not statedstated
- Trust account
- not previously extracted$45.8M
- Redeemable shares
- not previously extracted3.94M
- Combination deadline
- 2025-04-27 · unchanged
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 …“ 3,640 Total Current Assets 28,000 3,640 Cash held in Trust Account 45,839,269 43,605,597 Total Assets $ 45,867,269 $ 43,609,237 Liabilities, Redeemable Ordinary”…
The clause “0 shares authorized; 1,058,127 and -0- shares issued and outstanding (excluding 3,941,873 and 13,000,000 shares subject to possible redemption) at December 31, 2023 and 2022, respectively 106 — Class B ordinary”…
The clause …“be attractive as a merger partner, and SPAC is unlikely to consummate a business combination before April 27, 2025, the latest Termination Date permitted under SPAC MAA. Once SPAC’s securities are delisted, SPAC’s securities would”…
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 2024-08-13trust $45.0M → $45.8M +2%deadline 2024-10-27 → 2025-04-27sponsor loan $1.1M → $1.5M
trust account, combination deadline, sponsor loans outstanding +23 moved · 2 with no prior record of ours
- Trust account
- $45.0M$45.8M
- Combination deadline
- 2024-10-272025-04-27
- Sponsor loans outstanding
- $1.1M$1.5M
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 3.94M · unchanged
SpacBrain reads this as $802,097 was added to the trust between the two filings.
The clause …“Prepaid expenses 28,000 3,640 Total Current Assets 28,000 3,640 Cash held in Trust Account 45,839,269 43,605,597 Total Assets $ 45,867,269 $ 43,609,237 Liabilities, Redeemable Ordinary Shares and Shareholders’”…
SpacBrain reads this as 182 days later than the previous record.
The clause …“the Company, to further extend the Termination Date from November 27, 2024 to April 27, 2025, and each time for a deposit of $ 0.025 for each of the Class A ordinary share not elected to be redeemed immediately after the Third”…
SpacBrain reads this as the sponsor has advanced $369,811 more.
The clause “Sponsor of $1,925,479 as of September 30, 2024, as a result of which, the total outstanding balance of the promissory note was $1,497,479 as of September 30, 2024 (see Note 5 to the unaudited condensed financial statements contained”…
The clause …“business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from”…
The clause …“200,000,000 shares authorized; 1,058,127 issued and outstanding (excluding 3,941,873 shares subject to possible redemption) at September 30, 2024 and December 31, 2023 106 106 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 I Co. called an extraordinary general meeting for 9:00 a.m. E.S.T. on October 14, 2024 by live webcast to extend the deadline from October 27, 2024 to November 27, 2024 for a deposit of $0.025 per Class A ordinary share not redeemed, and to adopt a Dissolution Expenses Amendment removing the ability to withdraw up to $100,000 of trust interest to pay dissolution expenses. Under a Sponsor Sale, a New Sponsor purchased the Old Sponsor's Private Placement Warrants for $1.00 in aggregate and agreed to deposit $450,000 of overdue extension contributions. Why it matters: A sponsor handover in which the incoming party buys the private warrants for one dollar and assumes $450,000 of unpaid extension contributions tells holders the original sponsor walked away and the shell was sold on. Removing the $100,000 dissolution expense carve-out actually increases what holders receive on a liquidation, a small positive. A single month of extension for two and a half cents a share offers minimal compensation for continued deal risk.
What changed vs 2023-10-17deadline 2024-01-27 → 2025-04-27combination deadline, trust account1 moved · 1 with no prior record of ours
- Combination deadline
- 2024-01-272025-04-27
- Trust account
- $61.1Mnot matched in this filing
SpacBrain reads this as 456 days later than the previous record.
The clause “Date for up to five times, each time by one month, from November 27, 2024 up to April 27, 2025, and each time for the deposit of $0.025 for each of the Company’s Class A ordinary share not elected to be redeemed immediately after the”…
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 2024-05-17trust $44.3M → $45.0M +2%sponsor loan $851K → $1.1M
trust account, sponsor loans outstanding, combination deadline +22 moved · 3 with no prior record of ours
- Trust account
- $44.3M$45.0M
- Sponsor loans outstanding
- $851K$1.1M
- Combination deadline
- 2024-10-27 · unchanged
- Going-concern doubt
- stated · unchanged
- Redeemable shares
- 3.94M · unchanged
SpacBrain reads this as $715,214 was added to the trust between the two filings.
The clause …“Prepaid expenses 64,714 3,640 Total Current Assets 64,714 3,640 Cash held in Trust Account 45,037,172 43,605,597 Total Assets $ 45,101,886 $ 43,609,237 Liabilities, Redeemable Ordinary Shares and Shareholders’”…
SpacBrain reads this as the sponsor has advanced $276,979 more.
The clause “New Sponsor of $1,555,668 as of June 30, 2024, as a result of which, the total outstanding balance of the promissory note was $1,127,668 as of June 30, 2024 (see Note 5 to the unaudited condensed financial statements contained elsewhere”…
The clause …“Date for up to 9 times, each time by one month , from January 27, 2024 up to October 27, 2024, for the deposit of the lesser of (a) $ 80,000 and (b) $ 0.02 for each of the Class A ordinary share not elected to be redeemed immediately”…
The clause …“business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from”…
The clause …“200,000,000 shares authorized; 1,058,127 issued and outstanding (excluding 3,941,873 shares subject to possible redemption) at June 30, 2024 and December 31, 2023 106 106 Class B ordinary shares, $ 0.0001 par value; 20,000,000”…
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 2024-02-20trust $60.6M → $44.3M -27%shares 5.60M → 3.94M -30%
trust account, redeemable shares, sponsor loans outstanding +22 moved · 3 with no prior record of ours
- Trust account
- $60.6M$44.3M
- Redeemable shares
- 5.60M3.94M
- Sponsor loans outstanding
- not previously extracted$851K
- Combination deadline
- 2024-10-27 · unchanged
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $16,238,316 left the trust between the two filings.
The clause …“Prepaid expenses 79,907 3,640 Total Current Assets 79,907 3,640 Cash held in Trust Account 44,321,958 43,605,597 Total Assets $ 44,401,865 $ 43,609,237 Liabilities, Redeemable Ordinary Shares and Shareholders’”…
SpacBrain reads this as 1,658,610 shares are no longer redeemable.
The clause …“200,000,000 shares authorized; 1,058,127 issued and outstanding (excluding 3,941,873 shares subject to possible redemption) at March 31, 2024 and December 31, 2023 106 106 Class B ordinary shares, $ 0.0001 par value; 20,000,000”…
The clause “New Sponsor of $1,278,689 as of March 31, 2024, as a result of which, the total outstanding balance of the promissory note was $850,689 as of March 31, 2024 (see Note 5 to the unaudited condensed financial statements contained elsewhere”…
The clause …“Date for up to 9 times, each time by one month , from January 27, 2024 up to October 27, 2024, for the deposit of the lesser of (a) $ 80,000 and (b) $ 0.02 for each of the Class A ordinary share not elected to be redeemed immediately”…
The clause …“business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from”…
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 2023-04-19trust $134.5M → $43.6M -68%deadline 2023-11-27 → 2024-10-27mandate language changedshares 13.0M → 3.94M -70%
trust account, combination deadline, mandate language +34 moved · 2 with no prior record of ours
- Trust account
- $134.5M$43.6M
- Combination deadline
- 2023-11-272024-10-27
- Mandate language
- we intend to focus our search on high growth companies in La…we may pursue an initial business combination opportunity in…
- Redeemable shares
- 13.0M3.94M
- Sponsor loans outstanding
- not previously extracted$404K
- Going-concern doubt
- stated · unchanged
SpacBrain reads this as $90,906,466 left the trust between the two filings.
The clause “171,080 Total Current Assets 3,640 1,274,294 Cash and marketable securities held in Trust Account 43,605,597 134,512,063 Total Assets $ 43,609,237 $ 135,786,357 Liabilities, Redeemable Ordinary Shares and”…
SpacBrain reads this as 335 days later than the previous record.
The clause …“Date for up to 9 times, each time by one month , from January 27, 2024 up to October 27, 2024, for the deposit of the lesser of (a) $ 80,000 and (b) $ 0.02 for each of the Class A ordinary share not elected to be redeemed immediately”…
SpacBrain reads this as 9,058,127 shares are no longer redeemable.
The clause …“authorized; 1,058,127 and - 0 - shares issued and outstanding (excluding 3,941,873 and 13,000,000 shares subject to possible redemption) at December 31, 2023 and 2022, respectively 106 — Class B ordinary shares, $ 0.0001 par”…
The clause “Sponsor of $832,170.49 as of December 31, 2023, as a result of which, the total outstanding balance of the promissory note was $404,170 as of December 31, 2023 (see Note 5 to the Financial Statements contained elsewhere in this report).”…
The clause …“accounting firm’s report contains an explanatory paragraph that expresses substantial doubt about our ability to continue as a “going concern” through the twelve-month period from the date the financial statements included in this”…
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.
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.