Chenghe Acquisition I Co.: Nasdaq/NYSE listing notice — LatAmGrowth SPAC gets Nasdaq warrant delisting notice for market value non-compliance

Chenghe Acquisition I Co.

Received Nasdaq notification on June 15, 2023 for failing to maintain $1M aggregate market value of outstanding warrants (Rule 5452(b)(C)).
Must submit a compliance plan to Nasdaq by July 31, 2023.
If plan accepted, Nasdaq can grant up to 180 days to regain compliance.
No immediate effect on listing of Class A ordinary shares on Nasdaq Capital Market.
Company may appeal if compliance plan is not accepted by Nasdaq.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.93

Chenghe Acquisition I Co. received a nasdaq deficiency notice notice regarding market value (rules 5452(b)(C)).

Exchange: nasdaq
Notice: deficiency notice
Deficiency: market value
Rules: 5452(b)(C)

Exact text from the filing

June 15, 2023, LatAmGrowth SPAC, a Cayman corporation (the “Company”) received a notification letter from the NASDAQ Listing Qualifications (“NASDAQ”) stating the Company was not in compliance with NASDAQ Listing Rule 5452(b)(C), due to its failure to maintain a minimum of $1,000,000 in aggregate market value of its outstanding warrants for continued listing. The NASDAQ notification letter provides the Company 45 calendar days from the date of the notification, or until July 31, 2023, to submit a plan to NASDAQ to regain compliance with the NASDAQ’s continued listing requirements. If the plan

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Source: SEC EDGAR

accession 0001104659-23-073412

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