Chenghe Acquisition Co.: M&A transaction — Chenghe Acquisition closes business combination with Taiwan Color Optics; stock to trade as SELX

Chenghe Acquisition Co.

Business combination closed Feb 15, 2024; Chenghe renamed to SEMILUX LTD., wholly-owned sub of Semilux International.
Holders of 4,044,701 Class A shares redeemed at ~$11.08/share for aggregate ~$44.8M; remaining converted to CayCo ordinary shares.
Semilux ordinary shares expected to trade on Nasdaq under 'SELX' starting Feb 16, 2024; SPAC warrants converted to CayCo warrants.
All Chenghe officers and directors resigned; new board of 5 directors with one nominated by sponsor.
TCO is a Taiwan-based provider of LiDAR and ADB components and solutions for autonomous vehicles.

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Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.99

Chenghe Acquisition Co. underwent a change of control involving Semilux International Ltd. (closed 2024-02-15).

Action: change of control
Counterparty: Semilux International Ltd.
Closing: 2024-02-15

Exact text from the filing

On February 15, 2024 (the “Closing Date”), pursuant to the Business Combination Agreement, Merger Sub merged with and into Chenghe with Chenghe being the surviving company and as a direct, wholly owned subsidiary of CayCo, and Chenghe changed its name to “SEMILUX LTD.”

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Source: SEC EDGAR

accession 0001104659-24-024566

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