Chenghe shareholders approve Polibeli merger; 95% of public shares redeemed for ~$88.6M

Chenghe Acquisition II Co.

Shareholders voted 7,664,886 for, 846,704 against to adopt the Business Combination Agreement with Polibeli Group.
8,488,632 of 8,935,000 public Class A shares were redeemed at ~$10.44/share, removing ~$88.6M from trust.
Base equity value of Polibeli set at $3.6B; merger expected to close on June 6, 2025.
Outstanding SPAC units and Class B shares will convert into Class A, then into Company Class A shares at closing.

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