Chenghe Acquisition I Co.: Nasdaq/NYSE listing notice — Chenghe Acquisition I Co. non-compliant with Nasdaq minimum public holders rule

Chenghe Acquisition I Co.

Received Nasdaq notice on Nov 27, 2024 for failing to maintain minimum 400 total holders required by Listing Rule 5450(a)(2).
Company has until Jan 13, 2025 to submit a compliance plan to regain compliance.
If plan accepted, Nasdaq may grant up to 180 calendar days extension; otherwise, Company can appeal.
Company will monitor holder count and evaluate options but there is no assurance of regaining compliance.

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 0.9

Chenghe Acquisition I Co. received a nasdaq deficiency notice notice regarding other (rules 5450(a)(2)).

Exchange: nasdaq
Notice: deficiency notice
Rules: 5450(a)(2)

Exact text from the filing

November 27, 2024, Chenghe Acquisition I Co. (the “Company”) received a written notice (the “Notice”) from the Listing Qualifications Department (the “Staff”) of The Nasdaq Stock Market LLC (“Nasdaq”) notifying the Company that the Company is not in compliance with Listing Rule 5450(a)(2) (the “Minimum Public Holders Rule”), which requires the Company to maintain a minimum of 400 total holders for continued listing on the Nasdaq Global Market. An indicator reflecting the Company’s non-compliance will be broadcast over Nasdaq’s market data dissemination network and will also be made available t

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Source: SEC EDGAR

accession 0001104659-24-125279

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