SINGAPORE – September 17, 2025 – Chenghe Acquisition III Co. (the “Company”), a recently established special purpose acquisition company registered in the Cayman Islands, today confirmed the successful completion of its initial public offering (IPO). The offering involved 12,650,000 units, priced at $10.00 per unit, generating a total of $126.5 million in gross proceeds. This figure includes 1,650,000 units issued due to the underwriter’s full exercise of its overallotment option. These units are now trading on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “CHECU.” Each unit comprises one Class A ordinary share and one-half of one redeemable warrant. Each full warrant grants its holder the right to acquire one Class A ordinary share at $11.50 per share, becoming exercisable 30 days after the Company finalizes its initial business combination. Fractional warrants will not be issued when units are separated; only whole warrants will be traded. The Company anticipates that its Class A ordinary shares and warrants will be listed separately on Nasdaq as “CHEC” and “CHECW,” respectively, once the securities within the units commence independent trading.
The net proceeds from this offering, alongside a concurrent private placement of units, are designated to fund the Company’s search for and eventual completion of a business combination with one or more enterprises.
BTIG, LLC served as the sole book-running manager for this offering.
This offering was exclusively conducted through a prospectus. Interested parties can obtain copies of the prospectus from: BTIG, LLC, 65 East 55th Street New York, New York 10022, Attn: Syndicate Department, via email at , or by visiting the website of the Securities and Exchange Commission (“SEC”) at .
A registration statement pertaining to these securities was filed with the SEC and became effective on September 15, 2025, at 4:30 pm Eastern Standard Time. This press release is not intended to serve as an offer to sell or a solicitation of an offer to buy any securities. Furthermore, no sale of these securities will occur in any state or jurisdiction where such an offer, solicitation, or sale would be illegal without prior registration or qualification under the securities laws of that state or jurisdiction.
About Chenghe Acquisition III Co.
The Company operates as a special purpose acquisition company, legally established in the Cayman Islands. Its primary objective is to engage in mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or comparable business combinations with one or more entities. Although the Company is open to acquisition prospects across various businesses, industries, sectors, or geographical areas, its strategic focus is on emerging companies within Asian markets or international firms with a significant presence or interest in Asia.
Forward-Looking Statements
This press release features “forward-looking statements,” which pertain to the Company’s pursuit of an initial business combination and the intended allocation of net proceeds from the offering. There is no guarantee that the Company will successfully complete a business combination transaction within its targeted sector or at all. Management has formulated these forward-looking statements based on their current expectations, assumptions, estimates, and projections. While these expectations, assumptions, estimates, and projections are deemed reasonable, such statements are inherently speculative and subject to various known and unknown risks and uncertainties, many of which are outside management’s influence. Forward-looking statements are contingent upon numerous factors beyond the Company’s control, including those detailed in the Risk Factors section of the Company’s Registration Statement on Form S-1 and its offering prospectus filed with the SEC. These documents are accessible on the SEC’s website, www.sec.gov. The Company disclaims any obligation to revise or update these statements following the release date, unless legally mandated.
Company Contact:
Chenghe Acquisition III Co.
38 Beach Road #29-11
South Beach Tower
Singapore 189767
Attn: Shibin Wang
Email:
Tel: (65) 9851 8611
