Chenghe Acquisition III Co. recently closed its initial public offering in September 2025, selling 12,650,000 units at $10.00 each. This included 1,650,000 units from the overallotment option, bringing the total gross proceeds to $126.5 million. The units, listed on Nasdaq as "CHECU," consist of one Class A ordinary share and half a redeemable warrant. The whole warrant, exercisable after 30 days, allows the purchase of one Class A ordinary share at $11.50. Following separate trading, the Class A ordinary shares and warrants will be listed as "CHEC" and "CHECW" on Nasdaq, respectively.