NEW
YORK, May 5, 2022 /PRNewswire/ -- Revere
Securities is pleased to announce the closing of Chenghe
Acquisition Co.'s (Nasdaq: CHEAU) initial public offering of
offering of 11,500,000 units at a public offering price of 10.00
per unit. Revere Securities LLC acted as co-manager for the IPO
which raised a total amount of $100
Million. The units are listed on the Nasdaq Global Market
("Nasdaq") under the ticker symbol "CHEAU" beginning April 28, 2022. Each unit consists of one of the
Company's Class A ordinary shares and one-half of one redeemable
warrant. Each whole warrant entitles the holder thereof to purchase
one Class A ordinary share at a price of $11.50 per share. Once the securities comprising
the units begin separate trading, the Company expects that its
Class A ordinary shares and warrants will be listed on the Nasdaq
Global Market under the symbols "CHEA" and "CHEAW,"
respectively.
About Chenghe Acquisition Co.
Chenghe Acquisition Co. is a blank check company formed for the
purpose of effecting a merger, share exchange, asset acquisition,
share purchase, reorganization or similar business combination with
one or more businesses. While the Company may pursue a business
combination target in any business, industry or location, it
intends to focus on financial technology or technology-enabled
financial service companies, including artificial intelligence, big
data, cloud and blockchain-related initiatives in Asian markets,
which can benefit from the expertise and capabilities of the
Company's management team to create long-term shareholder value.
However, the Company will not undertake its initial business
combination with any entity based in or with its principal business
operations in Mainland China, Hong
Kong or Macau.
About Revere Securities
Revere Securities is a global broker-dealer firm providing
strategic and financial support to institutional investors, hedge
funds, and individual investors. The firm's professionals are
involved in all components of the sales and trading process and
include extensive compliance and operational personnel. In
addition, Revere Securities LLC provides differentiated corporate
access, helping institutional clients gain access to management as
a component of their investment process. The firm has industry
focused sales specialists who possess "buy-side" experience;
therefore, providing a sound, alternate perspective, to the
investment process.
Media Contact:
Jay Yu
Revere Securities LLC
(212) 688-2350
jyu@reveresecurities.com
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SOURCE Revere Securities LLC