Chenghe Acquisition Co. (the “Company”) is a newly incorporated blank check company incorporated as a Cayman Islands exempted company on April 7, 2021. The Company was incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar Business Combination with one or more businesses (the “Business Combination”). The Company has not selected any potential Business Combination target and the Company has not, nor has anyone on its behalf, initiated any substantive discussions, directly or indirectly, with any potential Business Combination target.
Company profile
Ticker
CHEAU
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
SEC CIK
Latest filings (excl ownership)
15-12G
Securities registration termination
26 Feb 24
25-NSE
Exchange delisting
15 Feb 24
8-K
Entry into a Material Definitive Agreement
15 Feb 24
8-K
Other Events
8 Feb 24
8-K
Entry into a Material Definitive Agreement
6 Feb 24
8-K
Submission of Matters to a Vote of Security Holders
2 Feb 24
8-K
Entry into a Material Definitive Agreement
1 Feb 24
DEF 14A
Definitive proxy
12 Jan 24
10-Q
2023 Q3
Quarterly report
6 Nov 23
8-K
Entry into a Material Definitive Agreement
25 Oct 23
Latest ownership filings
SC 13G/A
CALAMOS INVESTMENT TRUST/IL
7 Oct 24
4
Ning Ma
26 Feb 24
4
Qi Li
26 Feb 24
4
Robert D Ewing
26 Feb 24
4
Kwan Sun
26 Feb 24
SC 13G/A
Shaolin Capital Management LLC
22 Feb 24
SC 13G
First Trust Capital Management L.P.
14 Feb 24
SC 13G
GLAZER CAPITAL, LLC
14 Feb 24
SC 13G
CALAMOS INVESTMENT TRUST/IL
14 Feb 24
SC 13G/A
Polar Asset Management Partners Inc.
13 Feb 24
Financial summary
| Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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| Revenue | |||||
| Cost of revenue | |||||
| Operating income | |||||
| Operating margin | |||||
| Net income | |||||
| Net profit margin | |||||
| Cash on hand | |||||
| Change in cash | |||||
| Diluted EPS |
| Annual (USD) | Dec 22 | |
|---|---|---|
| Revenue | ||
| Cost of revenue | ||
| Operating income | ||
| Operating margin | ||
| Net income | ||
| Net profit margin | ||
| Cash on hand | ||
| Change in cash | ||
| Diluted EPS |
| Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
|---|---|---|---|---|---|---|
| Cash on hand (at last report) | 185.76 k | 185.76 k | 185.76 k | 185.76 k | 185.76 k | 185.76 k |
| Cash burn (monthly) | 69.93 k | 40.48 k | 466.97 k | 202.02 k | 36.60 k | 26.31 k |
| Cash used (since last report) | 924.92 k | 535.38 k | 6.18 mm | 2.67 mm | 484.05 k | 348.02 k |
| Cash remaining | -739.15 k | -349.62 k | -5.99 mm | -2.49 mm | -298.29 k | -162.25 k |
| Runway (months of cash) | -10.6 | -8.6 | -12.8 | -12.3 | -8.2 | -6.2 |
Institutional ownership, Q3 2023
19.6% owned by funds/institutions
| 13F holders | Current |
|---|---|
| Total holders | 26 |
| Opened positions | 16 |
| Closed positions | 22 |
| Increased positions | 8 |
| Reduced positions | 2 |
| 13F shares | Current |
|---|---|
| Total value | 74.94 bn |
| Total shares | 7.33 mm |
| Total puts | 0.00 |
| Total calls | 0.00 |
| Total put/call ratio | – |
| Largest owners | Shares | Value |
|---|---|---|
| Vivaldi Asset Management | 725.75 k | $7.87 bn |
| Calamos Advisors | 700.00 k | $7.58 bn |
| Castle Creek Arbitrage | 587.83 k | $6.37 bn |
| Ubs Oconnor | 445.08 k | $4.82 bn |
| Glazer Capital | 417.21 k | $4.52 mm |
| WRB W. R. Berkley | 413.46 k | $4.48 bn |
| Westchester Capital Management | 403.78 k | $4.37 bn |
| Mizuho Securities Usa | 395.78 k | $4.28 bn |
| Bulldog Investors | 349.91 k | $3.79 bn |
| Karpus Management | 332.12 k | $3.60 bn |
Recent insider trades
| Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
|---|---|---|---|---|---|---|---|---|---|---|
| 15 Feb 24 | Ning Ma | Class A Ordinary Shares | Sale back to company | Dispose D | No | No | 0 | 20,000 | 0.00 | 0 |
| 15 Feb 24 | Ning Ma | Class A Ordinary Shares | Conversion | Acquire C | No | No | 0 | 20,000 | 0.00 | 20,000 |
| 15 Feb 24 | Ning Ma | Class B Ordinary Shares Class A Ordinary Shares | Conversion | Dispose C | No | No | 0 | 20,000 | 0.00 | 0 |
| 15 Feb 24 | Chenghe Investment | Class A Ordinary Shares | Sale back to company | Dispose D | No | No | 0 | 2,697,561 | 0.00 | 0 |
| 15 Feb 24 | Chenghe Investment | Class A Ordinary Shares | Conversion | Acquire C | No | No | 0 | 2,697,561 | 0.00 | 2,697,561 |
| 15 Feb 24 | Chenghe Investment | Private Placement Warrants Class A Ordinary Shares | Sale back to company | Dispose D | No | No | 0 | 7,750,000 | 0.00 | 0 |
| 15 Feb 24 | Chenghe Investment | Class B Ordinary Shares Class A Ordinary Shares | Conversion | Dispose C | No | No | 0 | 2,697,561 | 0.00 | 0 |
| 15 Feb 24 | Robert D Ewing | Class A Ordinary Shares | Sale back to company | Dispose D | No | No | 0 | 20,000 | 0.00 | 0 |
| 15 Feb 24 | Robert D Ewing | Class A Ordinary Shares | Conversion | Acquire C | No | No | 0 | 20,000 | 0.00 | 20,000 |
| 15 Feb 24 | Robert D Ewing | Class B Ordinary Shares Class A Ordinary Shares | Conversion | Dispose C | No | No | 0 | 20,000 | 0.00 | 0 |