Overview
- TickerCHEC on Nasdaq1
- IndustryBlank Checks1
- HeadquartersGrand Cayman, Cayman Islands1
- Incorporated inCayman Islands3
- Business address89 Nexus Way, Camana Bay, Grand Cayman, E9 Ky1-90093
- Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company3
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Group and our SPAC management team have had success shepherding multiple companies through a DeSPAC process to the U.S. public markets.4 From its latest annual report
Financials
From the company’s reports to the SEC. Every number links to the filing it came from.
Financial statements
Every line of the income statement as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| Formation, general, and administrative costs | $281.7K |
| Loss from operations | -$281.7K |
| Interest earned on cash held in Trust Account | $1.4M |
| Net income (loss) | $1.1M |
No quarter-by-quarter statement was filed.
Every line of the balance sheet as filed: the last 2 fiscal years (annual) or 2 quarters (quarterly), latest first.2
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash | $696.8K | |
| Prepaid insurance | $56.7K | |
| Prepaid expenses | $55.1K | $25.0K |
| Total Current Assets | $808.5K | $25.0K |
| Deferred offering costs | $152.1K | |
| Cash held in Trust Account | $127.9M | |
| Total Assets | $128.7M | $177.1K |
| Accounts payable and accrued expenses | $999 | $22.2K |
| Accrued offering costs | $125.0K | $152.1K |
| Total Current Liabilities | $178.5K | $184.7K |
| Deferred underwriting fee | $5.1M | |
| Total Liabilities | $5.2M | $184.7K |
| Additional paid-in capital | $24.6K | |
| Accumulated deficit | -$4.4M | -$32.6K |
| Total Shareholders Deficit | -$4.4M | -$7.6K |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders Deficit | $128.7M | $177.1K |
| Preference shares, par value (in Dollars per share) | $0.00 | $0.00 |
| Preference shares, shares authorized (in Shares) | 1.0M shares | 1.0M shares |
| Period ending | 2025-12-31 | 2024-12-31 |
|---|---|---|
| Cash | $696.8K | |
| Prepaid insurance | $56.7K | |
| Prepaid expenses | $55.1K | $25.0K |
| Total Current Assets | $808.5K | $25.0K |
| Deferred offering costs | $152.1K | |
| Cash held in Trust Account | $127.9M | |
| Total Assets | $128.7M | $177.1K |
| Accounts payable and accrued expenses | $999 | $22.2K |
| Accrued offering costs | $125.0K | $152.1K |
| Total Current Liabilities | $178.5K | $184.7K |
| Deferred underwriting fee | $5.1M | |
| Total Liabilities | $5.2M | $184.7K |
| Additional paid-in capital | $24.6K | |
| Accumulated deficit | -$4.4M | -$32.6K |
| Total Shareholders Deficit | -$4.4M | -$7.6K |
| Total Liabilities, Class A Ordinary Shares Subject to Possible Redemption, and Shareholders Deficit | $128.7M | $177.1K |
| Preference shares, par value (in Dollars per share) | $0.00 | $0.00 |
| Preference shares, shares authorized (in Shares) | 1.0M shares | 1.0M shares |
Cash flow is reported year to date, not quarter by quarter, so there are no separate quarterly figures.
Every line of the cash flow as filed: the last 1 fiscal year, latest first.2
| Period ending | 2025-12-31 |
|---|---|
| Net income (loss) | $1.1M |
| Formation, general, and administrative costs paid through promissory note related party | $172.2K |
| Interest earned on cash held in Trust Account | -$1.4M |
| Prepaid expenses | -$55.1K |
| Prepaid insurance | -$56.7K |
| Accounts payable and accrued expenses | -$21.2K |
| Due to related party | $52.5K |
| Net cash used in operating activities | -$189.9K |
| Investment of cash into Trust Account | -$126.5M |
| Net cash used in investing activity | -$126.5M |
| Proceeds from sale of Units, net of underwriting discounts paid | $124.0M |
| Proceeds from sale of Private Placement Units | $4.1M |
| Repayment of promissory note - related party | -$255.5K |
| Payment of offering costs | -$407.8K |
| Net cash provided by financing activities | $127.4M |
| Net Change in Cash | $696.8K |
| Deferred offering costs included in accrued offering costs | $125.0K |
| Deferred offering costs paid through promissory note related party | $72.9K |
| Deferred offering costs paid through prepaid expenses | $25.0K |
| Accretion of Class A ordinary shares to redemption value | $10.8M |
| Deferred underwriting fee payable | $5.1M |
No quarter-by-quarter statement was filed.
Corporate structure
Chenghe Acquisition III Co. sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.
Major holders of Chenghe Acquisition III Co.
- Karpus Management, Inc. Filed SCHEDULE 13G on Chenghe Acquisition III Co., latest May 14, 2026
- AQR CAPITAL MANAGEMENT LLC Filed SCHEDULE 13G/A on Chenghe Acquisition III Co., latest Feb 11, 2026 (2 filings since Nov 13, 2025)
- PICTON MAHONEY ASSET MANAGEMENT Filed SCHEDULE 13G on Chenghe Acquisition III Co., latest Dec 9, 2025 (4 filings since Oct 15, 2025)
- Chenghe Acquisition III Co. Grand Cayman, Cayman Islands
Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.
What it owns
What Chenghe Acquisition III Co. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.
Investments
| Item | Latest | A year before | Change |
|---|---|---|---|
| Cash and cash equivalents | $696.8K2 Dec 31, 2025 |
Properties, in its own words
We currently maintain our executive offices at 5 Shenton Way, UIC Building #12-01,Singapore, 068808and our telephone number is (65) 9851 8611. We consider our current office space adequate for our current operations.
Item 2 of the 10-K filed Mar 25, 2026.4
Leadership
Who has led Chenghe Acquisition III Co., and when. Pick a name to see everywhere that person has worked.
Chief executive
Chief financial officer
Chief operating officer
- Chief executive officerShibin Wang Sep 15, 2025 to now8
- Chief financial officerZhaohai Wang Sep 15, 2025 to now9
- Chief operating officerHouston Jesse Li Sep 15, 2025 to now10
Board members and other officers (4)
- Board memberKwan Sun Sep 15, 2025 to now11
- Board memberQingjian Wang Sep 15, 2025 to now12
- Board memberShibin Wang Sep 15, 2025 to now8
- Board memberZhaohai Wang Sep 15, 2025 to now9
Timeline
Filings
43 filings to the SEC since October 2021: 1 annual reports, 3 quarterly reports, 4 major events, 8 insider forms, 7 large holders, 20 other. The latest 20:
- Aug 5, 202610-Q QUARTERLY REPORT EDGAR
- May 21, 20268-K CURRENT REPORT EDGAR
- May 14, 2026SCHEDULE 13G EDGAR
- May 13, 202610-Q QUARTERLY REPORT EDGAR
- Mar 25, 202610-K ANNUAL REPORT EDGAR
- Feb 11, 2026SCHEDULE 13G/A EDGAR
- Dec 9, 2025SCHEDULE 13G EDGAR
- Dec 9, 2025SCHEDULE 13G/A EDGAR
- Nov 14, 202510-Q QUARTERLY REPORT EDGAR
- Nov 13, 2025SCHEDULE 13G EDGAR
- Nov 10, 20258-K CURRENT REPORT EDGAR
- Oct 15, 2025SCHEDULE 13G EDGAR
- Oct 15, 2025SCHEDULE 13G EDGAR
- Sep 23, 20258-K CURRENT REPORT EDGAR
- Sep 18, 20258-K CURRENT REPORT EDGAR
- Sep 17, 2025424B4 PROSPECTUS EDGAR
- Sep 16, 2025CERT EDGAR
- Sep 15, 2025EFFECT EDGAR
- Sep 15, 20253 EDGAR
- Sep 15, 20253 EDGAR
The 43 filings since October 2021 can be filtered by form type and year here when JavaScript is on.
Every filing from the last five years, summarized. The full record is on SEC EDGAR.
Major holders
Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.
- Karpus Management, Inc.SCHEDULE 13G, 1 filing May 14, 202617
- AQR CAPITAL MANAGEMENT LLCSCHEDULE 13G/A, 2 filings Nov 13, 2025 to Feb 11, 202618
- PICTON MAHONEY ASSET MANAGEMENTSCHEDULE 13G, 4 filings Oct 15, 2025 to Dec 9, 202519
SEC filer profile
How Chenghe Acquisition III Co. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.
- Name on EDGARChenghe Acquisition III Co.1
- CIK0002047177
- Employer ID (EIN)00-00000004
- Filer statusNon-accelerated filer an emerging growth company; a smaller reporting company; a shell company4
- Incorporated inCayman Islands4
- Fiscal year endsDecember 311
- Industry code (SIC)6770 Blank Checks1
- SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
- Business address89 Nexus Way, Camana Bay, Grand Cayman, E9 KY1-90091
- Phone202-551-12061
- Shares outstanding13,058,000 Common Class A shares; 4,216,667 Common Class B shares as of Mar 22, 20264
- Public float$0 as of Jun 30, 20252
- AuditorAudit Alliance LLP, Singapore PCAOB ID 3487; no auditor attestation of internal control over financial reporting4
- On EDGAR sinceJan 31, 20251
- Filings43 in all: 3 (8), CORRESP (6), SCHEDULE 13G (5), 8-K (4), S-1/A (4), UPLOAD (4), 10-Q (3), SCHEDULE 13G/A (2)1
All 15 form types
10-K (1), 424B4 (1), 8-A12B (1), CERT (1), DRS (1), EFFECT (1), S-1 (1)
- Latest filingsAnnual report (10-K) Mar 25, 2026
Quarterly report (10-Q) Aug 5, 2026
Latest 8-K (8-K) May 21, 2026
Securities registered for trading
| Class | Symbol | Exchange |
|---|---|---|
| Units, each consisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemable warrant | CHECU | Nasdaq |
| Class A ordinary shares, par value $0.0001 per share | CHEC | Nasdaq |
| Redeemable warrants, each whole warrant exercisable for one Class A ordinary share, each at an exercise price of $11.50 per share | CHECW | Nasdaq |
From the cover page of the 10-K filed Mar 25, 2026 (Section 12(b) of the Exchange Act).4
Risk factors and legal proceedings
The risks Chenghe Acquisition III Co. names in Item 1A of its 10-K filed Mar 25, 2026: 78 risks under these headings, as written.4
- Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination
- Our shareholders may not be afforded an opportunity to vote on our proposed initial business combination, and even if we hold a vote, holders of our founder shares will participate in such vote, which means we may complete our initial business combination even though a majority of our public shareholders do not support such a combination.
- If we seek shareholder approval of our initial business combination, our initial shareholders and management team have agreed to vote in favor of such initial business combination, regardless of how our public shareholders vote.
- Your only opportunity to affect the investment decision regarding a potential business combination may be limited to the exercise of your right to redeem your shares from us for cash.
- The redemption of our public shares for cash may make our financial condition unattractive to potential business combination targets, which may make it difficult for us to enter into an initial business combination with a target.
- Recent increases in inflation and interest rates in the United States and elsewhere could make it more difficult for us to consummate an initial business combination.
- Recent changes in global trade policies and the imposition of tariffs and trade restrictions may make it more difficult for us to consummate an initial business combination.
- The redemption of a large number of our public shares may not allow us to complete the most desirable business combination or optimize our capital structure.
- The redemption of a large number of our shares could increase the probability that our initial business combination would be unsuccessful and that you would have to wait for liquidation in order to redeem your shares.
- The requirement that we complete our initial business combination within the completion window may give potential target businesses leverage over us in negotiating an initial business combination and may limit the time we have in which to conduct due diligence on potential business combination targets, in particular as we approach our dissolution deadline, which could undermine our ability to complete our initial business combination on terms that would produce value for our shareholders.
- Our search for an initial business combination, and any target business with which we may ultimately consummate an initial business combination, may be materially adversely affected by current global geopolitical conditions resulting from the ongoing Russia-Ukraine conflict and the Israel-Hamas conflict.
- Military or other conflicts in Ukraine, the Middle East or elsewhere may lead to increased volume and price volatility for publicly traded securities, or affect the operations or financial condition of potential target companies, which could make it more difficult for us to consummate an initial business combination.
The other 66 risks
- If our initial business combination involves a company organized under the laws of a state of the United States, it is possible a U.S. federal share repurchase excise tax could be imposed on us in connection with any redemptions of our Class A ordinary shares after or in connection with such initial business combination.
- Changes in the market for directors and officers liability insurance could make it more difficult and more expensive for us to negotiate and complete an initial business combination.
- We may not be able to complete our initial business combination within the completion window, in which case we would cease all operations except for the purpose of winding up and we would redeem our public shares and liquidate.
- We may decide not to extend the term we have to consummate our initial business combination, in which case we would redeem our public shares, and the warrants will be worthless.
- Adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults or non-performance by financial institutions, could adversely affect our business, financial condition or results of operations, or our prospects.
- If we seek shareholder approval of our initial business combination, our co-sponsors, initial shareholders, directors, executive officers, advisors and their affiliates may elect to purchase public shares or public warrants from public shareholders, which may increase the likelihood of completing a proposed business combination and reduce the public “float” of our Class A ordinary shares.
- If a shareholder fails to receive notice of our offer to redeem our public shares in connection with our initial business combination, or fails to comply with the procedures for tendering its shares, such shares may not be redeemed.
- You will not be entitled to protections normally afforded to investors of many other blank check companies.
- If we seek shareholder approval of our initial business combination and we do not conduct redemptions pursuant to the tender offer rules, and if you or a “group” of shareholders are deemed to hold in excess of 20% of our Class A ordinary shares, you will lose the ability to redeem all such shares in excess of 20% of our Class A ordinary shares.
- Because of our limited resources and the significant competition for business combination opportunities, it may be more difficult for us to complete our initial business combination. If we are unable to complete our initial business combination, our public shareholders may receive only their pro rata portion of the funds in the trust account that are available for distribution to public shareholders, and our warrants will expire worthless.
- As the number of special purpose acquisition companies evaluating targets increases, attractive targets may become scarcer and there may be more competition for attractive targets or such attractive targets may not be interested to consume an initial business combination with a SPAC due to a negative public perception of mergers involving SPACs. This could increase the cost of our initial business combination and could even result in our inability to find a target or to consummate an initial business combination.
- The requirement that the target business or businesses that we acquire must collectively have a fair market value equal to at least 80% of the balance of the funds in the trust account (less any deferred underwriting commissions and taxes payable on interest earned and less any interest earned thereon that is released to us) at the time of the execution of a definitive agreement for our initial business combination may limit the type and number of companies that we may complete such an initial business combination with.
- If the net proceeds of our IPO not being held in the trust account are insufficient to allow us to operate for at least the completion window, it could limit the amount available to fund our search for a target business or businesses and complete our initial business combination, and we will depend on permitted withdrawals and loans from our co-sponsors or management team to fund our search and to complete our initial business combination.
- If third parties bring claims against us, the proceeds held in the trust account could be reduced and the per-share redemption amount received by shareholders may be less than $10.00 per share.
- Our directors may decide not to enforce the indemnification obligations of our co-sponsors, resulting in a reduction in the amount of funds in the trust account available for distribution to our public shareholders.
- If, after we distribute the proceeds in the trust account to our public shareholders, we file a bankruptcy or winding up petition or an involuntary bankruptcy or winding up petition is filed against us that is not dismissed, a bankruptcy or other court may seek to recover such proceeds, and the members of our board of directors may be viewed as having breached their fiduciary duties to our creditors, thereby exposing the members of our board of directors and us to claims of punitive damages.
- If, before distributing the proceeds in the trust account to our public shareholders, we file a bankruptcy or winding up petition or an involuntary bankruptcy or winding up petition is filed against us that is not dismissed, the claims of creditors in such proceeding may have priority over the claims of our shareholders and the per-share amount that would otherwise be received by our shareholders in connection with our liquidation may be reduced.
- If we are deemed to be an investment company under the Investment Company Act, we may be required to institute burdensome compliance requirements and our activities may be restricted, which may make it difficult for us to complete our initial business combination.
- Changes in laws or regulations, or a failure to comply with any laws and regulations, may adversely affect our business, including our ability to negotiate and complete our initial business combination, and results of operations.
- Our shareholders may be held liable for claims by third parties against us to the extent of distributions received by them upon redemption of their shares.
- We may not hold an annual general meeting until after the consummation of our initial business combination, which could delay the opportunity for our shareholders to appoint directors.
- Because we are neither limited to evaluating a target business in a particular industry sector nor have we selected any specific target businesses with which to pursue our initial business combination, you will be unable to ascertain the merits or risks of any particular target business’s operations.
- We may seek acquisition opportunities with a business or an entity lacking an established record of revenue or earnings.
- Although we have identified general criteria and guidelines that we believe are important in evaluating prospective target businesses, we may enter into our initial business combination with a target that does not meet such criteria and guidelines, and as a result, the target business with which we enter into our initial business combination may not have attributes entirely consistent with our general criteria and guidelines.
- We are not required to obtain an opinion from an independent investment banking firm for another independent entity that commonly renders valuation opinions, and consequently, you may have no assurance from an independent source that the price we are paying for the business is fair to our shareholders from a financial point of view.
- We may issue notes or other debt securities, or otherwise incur substantial debt, to complete an initial business combination, which may adversely affect our leverage and financial condition and thus negatively impact the value of our shareholders’ investment in us.
- We may only be able to complete one business combination with the proceeds of our IPO and the sale of the private placement units, which will cause us to be solely dependent on a single business which may have a limited number of products or services. This lack of diversification may negatively impact our operations and profitability.
- We may attempt to simultaneously complete business combinations with multiple prospective targets, which may hinder our ability to complete our initial business combination and give rise to increased costs and risks that could negatively impact our operations and profitability.
- We may attempt to complete our initial business combination with a private company about which little information is available, which may result in an initial business combination with a company that is not as profitable as we suspected, if at all.
- We do not have a specified maximum redemption threshold. The absence of such a redemption threshold may make it possible for us to complete our initial business combination with which a substantial majority of our shareholders or warrant holders do not agree.
- In order to effectuate an initial business combination, special purpose acquisition companies have, in the recent past, amended various provisions of their charters and other governing instruments, including their warrant agreements. We cannot assure you that we will not seek to amend our amended and restated memorandum and articles of association or governing instruments in a manner that will make it easier for us to complete our initial business combination that our shareholders may not support.
- We may be unable to obtain additional financing to complete our initial business combination or to fund the operations and growth of a target business, which could compel us to restructure or abandon a particular business combination.
- Our initial shareholders control a substantial interest in us and thus may exert a substantial influence on actions requiring a shareholder vote, potentially in a manner that you do not support.
- Because we must furnish our shareholders with target business financial statements, we may lose the ability to complete an otherwise advantageous initial business combination with some prospective target businesses.
- Compliance obligations under the Sarbanes-Oxley Act may make it more difficult for us to effectuate our initial business combination, require substantial financial and management resources, and increase the time and costs of completing an initial business combination.
- Our initial business combination and our structure thereafter may not be tax-efficient to our shareholders and warrant holders. As a result of our business combination, our tax obligations may be more complex, burdensome and uncertain.
- Resources could be wasted in researching business combinations that are not completed, which could materially adversely affect subsequent attempts to locate and acquire or merge with another business. If we are unable to complete our initial business combination, our public shareholders may only receive their pro rata portion of the funds in the trust account that are available for distribution to public shareholders, and our warrants will expire worthless.
- In the event that New Chenghe fails to satisfy any of the listing requirements of Nasdaq or the NYSE, Nasdaq or the NYSE may reject our listing application, and the parties may waive any closing condition in the initial business combination agreement that New Chenghe ordinary shares be listed on Nasdaq or the NYSE at the closing of the initial business combination.
- Risks Relating to Our Co-Sponsors Being Located in China and Our Other Ties to China as a Special Purpose Acquisition Company Prior to Our Initial Business Combination
- Government foreign investment policies and regulations may limit our search for our initial business combination.
- Disruptions to the worldwide economy due to changes in U.S. trade policy may limit our search for our initial business combination.
- We are a Cayman Islands domiciled holding company with no material operations of our own, but we conduct business through our co-sponsors who are located in Hong Kong, and we are subject to material risks and uncertainties and should be considered, for purposes of the following risks, as if we were located in Hong Kong and subject to risks similar to those faced by operating companies based in the PRC.
- Changes in relations between the United States and the PRC, or in U.S. regulations concerning the PRC, may adversely impact our ability to complete an initial business combination, our ability to raise additional capital, or the market price of our securities.
- Given that our co-sponsors are located in China and most of our directors and officers have ties to mainland China and/or Hong Kong, the Chinese government may exercise oversight and discretion over their conduct including their search for a target company, the Chinese government may intervene or influence our operations at any time or may exert more control over offerings conducted overseas by and foreign investment in China-based issuers, which could result in a material change in our search for a target business.
- Enhanced scrutiny over acquisition transactions by the PRC tax authorities may have a negative impact on potential acquisitions we may pursue in the future.
- Risks Relating to the Post-Business Combination Company
- Subsequent to our completion of our initial business combination, we may be required to take write-downs or write-offs, restructuring and impairment or other charges that could have a significant negative effect on our financial condition, results of operations and the price of our securities, which could cause you to lose some or all of your investment.
- Our ability to successfully effect our initial business combination and to be successful thereafter will be dependent upon the efforts of our key personnel, some of whom may join us following our initial business combination. The loss of key personnel could negatively impact the operations and profitability of our post-combination business.
- Our key personnel may negotiate employment or consulting agreements with a target business in connection with a particular business combination, and a particular business combination may be conditioned on the retention or resignation of such key personnel. These agreements may provide for them to receive compensation following our initial business combination and as a result, may cause them to have conflicts of interest in determining whether a particular business combination is the most advantageous.
- We may have a limited ability to assess the management of a prospective target business and, as a result, may effect our initial business combination with a target business whose management may not have the skills, qualifications or abilities to manage a public company.
- The officers and directors of an acquisition candidate may resign upon completion of our initial business combination. The loss of an initial business combination target’s key personnel could negatively impact the operations and profitability of our post-combination business.
- Our management may not be able to maintain control of a target business after our initial business combination. We cannot provide assurance that, upon loss of control of a target business, new management will possess the skills, qualifications or abilities necessary to profitably operate such business.
- Risks Relating to Acquiring and Operating a Business in China and Other Foreign Countries
- If we effect our initial business combination with a company located outside of the United States, we would be subject to a variety of additional risks that may adversely affect us.
- After our initial business combination, substantially all of our assets may be located in a foreign country and substantially all of our revenue will be derived from our operations in such country. Accordingly, our results of operations and prospects will be subject, to a significant extent, to the economic, political and legal policies, developments and conditions in the country in which we operate.
- Exchange rate fluctuations and currency policies may cause a target business’ ability to succeed in the international markets to be diminished.
- We may undertake our initial business combination with an entity or business which is based in a foreign country, including China, and the laws and regulations of such foreign countries may not afford U.S. investors or regulatory agencies access to information normally available to them with respect to U.S. based entities.
- Agreements we may enter into with potential future subsidiaries and affiliated entities or acquisitions of offshore entities that conduct operations through affiliates in the PRC may be subject to a high level of scrutiny by the relevant tax authorities.
- China’s economic, political and social conditions, as well as changes in any government policies, laws and regulations, could have a material adverse effect on our business.
- Any actions by the Chinese government, including any decision to intervene or influence the operations of any future PRC subsidiary or to exert control over any offering of securities conducted overseas and/or foreign investment in China-based issuers, may cause us to make material changes to the operations of any future PRC subsidiary, may limit or completely hinder our ability to offer or continue to offer securities to investors, and may cause the value of such securities to significantly decline or be worthless.
- Given that our co-sponsors are located in China and most of our directors and officers have ties to mainland China and/or Hong Kong, the Chinese government may exercise oversight and discretion over their conduct and the Chinese government may intervene or influence our operations at any time or may exert more control over offerings conducted overseas by and foreign investment in China-based issuers, which could result in a material change in the PRC Target Company’s business operations post-business combination and/or the value of the securities we are registering.
- Uncertainties in the interpretation and enforcement of PRC laws and regulations and changes in policies, rules, and regulations in China, which may be quick with little advance notice, could limit the legal protection available to you and us.
- Trading in our securities may be prohibited under the HFCAA if the PCAOB determines that it cannot inspect or fully investigate our auditor. In that case, Nasdaq would delist our securities. The delisting of our securities, or the threat of their being delisted, may materially and adversely affect the value of your investment. Additionally, the inability of the PCAOB to conduct inspections may deprive our investors with the benefits of such inspections.
- U.S. laws and regulations, including the HFCAA, may restrict or eliminate our ability to complete an initial business combination with certain companies, particularly those acquisition candidates with substantial operations in China.
- Regulatory actions by the PRC government with respect to foreign capital efforts and activities, including business combinations with offshore shell companies such as SPACs, may adversely impact our ability to consummate an initial business combination with a China based entity or business, or materially impact the value of our securities following any such business combination.
- Should we choose to acquire a PRC Target Company, we may acquire such a company through a VIE structure as a holding company with no material operations of our own, and conduct a substantial majority of business operations after the business combination consummated through our subsidiaries established and the VIE in the PRC.
- If the PRC government deems that the contractual arrangements in relation to the potential PRC Target Company and the VIE do not comply with PRC regulatory restrictions on foreign investment in the relevant industries, or if these regulations or the interpretation of existing regulations change in the future, we could be subject to severe penalties or be forced to relinquish our interests in those operations.
- If we successfully consummate our initial business combination with a PRC Target Company, we will be subject to restrictions on dividend payments following the consummation of our initial business combination.
Legal proceedings
To the knowledge of our management, there is no material litigation, arbitration or governmental proceeding currently pending against us or any members of our management team in their capacity as such.
The opening of Item 3, Legal Proceedings.4
Sources
The numbers on this page point here. Each one links to the record it came from.
- 1
- 2
- 3
- 4
- 5
- 6
- 7
- 8SEC EDGARShibin Wang, Chief executive officer
- 9
- 10
- 11SEC EDGARKwan Sun, Board member
- 12SEC EDGARQingjian Wang, Board member
- 13SEC EDGARExecutive or director change
- 14SEC EDGAROther events
- 15SEC EDGAROther events
- 16
- 17
- 18
- 19