secwatch / observer
8-K filed October 31, 2023, 7:59 PM ET CIK 0001868269
other material confidence high sentiment neutral materiality 0.70

Chenghe Acquisition I Co.: debt financing — Chenghe SPAC shareholders approve extension to Oct 2024; redemptions $18.1M, trust $43.0M

Chenghe Acquisition I Co.

item 1.01item 2.03item 5.03item 5.07item 9.01

Key facts

Extracted from this filing and checked against the source text.

Debt Financings SEC 8-K Item 2.03/2.04 confidence 0.9

Chenghe Acquisition I Co. incurred loan of a principal amount of up to $1,960,000 with Chenghe Investment I Limited at non-interest bearing maturing on the effective date of an initial merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination.

Instrument
loan
Principal
a principal amount of up to $1,960,000
Counterparty
Chenghe Investment I Limited
Rate
non-interest bearing
Maturity
on the effective date of an initial merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination
Event
incurrence
Exact text from the filing
On October 25, 2023, the Company issued a non-interest bearing non-convertible unsecured promissory note (the “Note”) to Chenghe Investment I Limited, a Cayman Islands exempted company (the “Sponsor”), for a principal amount of up to $1,960,000.
View on SEC.gov
Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Chenghe Acquisition I Co.: Extended the business combination deadline from October 27, 2023 to January 27, 2024, with authority for the board to further extend monthly up to October 27, 2024 (effective 2023-10-25).

Change
charter amendment
Effective
2023-10-25
Exact text from the filing
the proposal to amend the Company’s amended and restated memorandum and articles of association
View on SEC.gov
Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Chenghe Acquisition I Co. amended Trust Agreement with Continental Stock Transfer & Trust Company (effective 2023-10-25).

Action
amendment
Counterparty
Continental Stock Transfer & Trust Company
Effective
2023-10-25
Exact text from the filing
On October 25, 2023, the Company’s shareholders approved the Trust Amendment Proposal (as defined below). Following such approval by the Company’s shareholders, the Company and the Trustee entered into the Trust Amendment on October 25, 2023.
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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Chenghe Acquisition I Co. shareholders approved Trust Amendment Proposal to amend the Trust Agreement to reflect the Extension and allow the Company to maintain funds in an interest bearing demand deposit account at the 2023-10-25 meeting.

Outcome
passed
Meeting
2023-10-25
Exact text from the filing
2. The Trust Amendment Proposal . The Trust Amendment Proposal was approved. The final voting tabulation for this proposal was as follows: FOR AGAINST ABSTAIN 7,409,057 113,509 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Chenghe Acquisition I Co. shareholders approved Extension Amendment Proposal to extend the date by which the Company must consummate a business combination from October 27, 2023 to January 27, 2024, with further monthly extensions possible up to October 27, 2024 at the 2023-10-25 meeting.

Proposal
merger approval
Outcome
passed
Meeting
2023-10-25
Exact text from the filing
1. The Extension Amendment Proposal. The Extension Amendment Proposal was approved. The final voting tabulation for this proposal was as follows: FOR AGAINST ABSTAIN 7,409,057 113,509 0
View on SEC.gov
Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Chenghe Acquisition I Co. shareholders approved Name Change Proposal to change the Company's name from LatAmGrowth SPAC to Chenghe Acquisition I Co. at the 2023-10-25 meeting.

Outcome
passed
Meeting
2023-10-25
Exact text from the filing
3. The Name Change Proposal . The Name Change Proposal was approved. The final voting tabulation for this proposal was as follows: FOR AGAINST ABSTAIN 7,522,566 0 0
View on SEC.gov

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Source: SEC EDGAR
accession 0001104659-23-112924
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