SINGAPORE, Dec. 27,
2023 /PRNewswire/ -- Chenghe Acquisition I Co. (f/k/a
LatAmGrowth SPAC) (Nasdaq: LATG) (the "Company") announces that on
December 22, 2023, it received a
written notice from the Listing Qualifications Department (the
"Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the
Company that because it has not yet filed its Form 10-Q for the
period ended June 30, 2023 (the
"June 2023 Filing") and Form 10-Q for
the period ended September 30, 2023
(the "September 2023 Filing",
together with the June 2023 Filing,
the "Filings") with the Securities Exchange Commission (the "SEC"),
it no longer complies with Listing Rule 5250(c)(1) of Nasdaq's
Listing Rules (the "Rules") for continued listing. Under the Rules,
the Company now has 60 calendar days to submit a plan to regain
compliance and if Nasdaq accepts the Company's plan, Nasdaq can
grant an exception of up to 180 calendar days from the June 2023
Filing's due date, or until February 20, 2024, to regain
compliance. The Staff noted that the Company's 60 day submission
date coincides with the maximum exception date of February 20,
2024.
As previously disclosed by the Company in a Notification of Late
Filing on Form 12b-25 filed with the SEC on August 16, 2023, and a Notification of Late
Filing on Form 12b-25 filed with the SEC on November 14, 2023, the Company was unable to file
the Filings by their respective original deadline without
unreasonable effort or expense due to the fact that the Company
required additional time to complete its financial statements
included in the respective Filings. The Company intends to regain
compliance with the Rules by making the Filings with the SEC as
soon as possible.
About Chenghe Acquisition I Co.
Chenghe Acquisition I Co. is a special purpose acquisition
company incorporated under the laws of Cayman Islands for the purpose of effecting
mergers, share exchanges, asset acquisitions, share purchases,
reorganizations or similar business combinations with one or more
businesses. While the Company may pursue an acquisition opportunity
in any business, industry, sector or geographical location, it
intends to focus search for an initial business combination on the
cutting-edge new economic industries, including but not limited to
TMT, green energy, biotechnology, optoelectronics, etc. in the
Asia Pacific where the Company can
benefit from huge potentials and achieve long-term capital growth.
For more information, visit
https://chengheinv.com/chenghe-acquisition-i-co/.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended. Words such as "will," "would," "may," "intends,"
"anticipates," "potential," and similar expressions, or the use of
future tense, identify forward-looking statements, but their
absence does not mean that a statement is not forward-looking. Such
forward-looking statements are not guarantees of performance and
actual actions or events could differ materially from those
contained in such statements. For example, there can be no
assurance that the Company will regain compliance with
the Rules in the future, or otherwise
meet Nasdaq compliance standards, that the Company will
be eligible for a second compliance period, or
that Nasdaq will grant the Company any relief from
delisting as necessary or that the Company can ultimately meet
applicable Nasdaq requirements for any such relief. The
forward-looking statements contained in this press release speak
only as of the date of this press release and the Company
undertakes no obligation to publicly update any forward-looking
statements to reflect changes in information, events or
circumstances after the date of this press release, unless required
by law.
Investor Relations Contact
Chenghe
Acquisition I Co.
Anna Zhou
Email: anna.zhou@chenghecap.com
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SOURCE Chenghe Acquisition I Co.