Chenghe Acquisition I Co.: M&A transaction — FST Corp. completes de-SPAC with Chenghe Acquisition I; begins trading as KBSX on Nasdaq

Chenghe Acquisition I Co.

Business combination closed Jan 15, 2025; golf shaft manufacturer FST Corp. now public on Nasdaq under ticker KBSX.
Holders of 1,754,618 Chenghe Class A shares redeemed at ~$11.81 per share, aggregate ~$20.7 million.
All prior Chenghe directors and officers resigned effective immediately before the merger.
David Chuang remains CEO and Chairman of FST Corp.

item 1.01 item 1.02 item 2.01 item 3.01 item 3.03 item 5.01 item 5.02 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

M&A Transactions SEC 8-K Item 2.01/5.01 confidence 0.9

Chenghe Acquisition I Co. underwent a change of control involving CayCo (FST Corp.) (closed 2025-01-15).

Action: change of control
Counterparty: CayCo (FST Corp.)
Closing: 2025-01-15

Exact text from the filing

On January 15, 2025 (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 "FST Ltd."

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Source: SEC EDGAR

accession 0001104659-25-003788

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