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Chenghe Acquisition Co. Class A Ordinary Share

5.26

-0.32 (-5.73%)

Last Update: 16 Feb 2024 01:58:00

Yesterday: 5.58

Day's Range: 0. - 0.

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10.51

Chenghe Acquisition Co. Class A Ordinary Share is a type of security that represents ownership in Chenghe Acquisition Co., a special purpose acquisition company (SPAC). SPACs are formed to raise capital through an initial public offering (IPO) with the intention of using the funds to acquire another company or businesses.

Chenghe Acquisition Co. Class A Ordinary Share is traded on the New York Stock Exchange (NYSE) under the ticker symbol "CAHC." Each share represents one vote in the company's shareholder meetings and is entitled to receive a pro-rata share of any distributions made by the company.

Investors who purchase Chenghe Acquisition Co. Class A Ordinary Share are essentially betting on the management team's ability to identify and acquire a target company that will generate significant returns for shareholders. If the SPAC fails to identify a suitable target within a specified timeframe, typically two years, the funds raised in the IPO will be returned to investors.

Note: This message is generated by artificial intelligence; it does not guarantee the accuracy of the information it contains and should not be considered as investment advice.

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