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Chenghe Acquisition I Co. (f/k/a LatAmGrowth SPAC)

Business combination with Femco Steel Technology Co., Ltd.

Chenghe Acquisition I Co. (f/k/a LatAmGrowth SPAC) is a blank-check company (SPAC) that raised $130M in its initial public offering on Jan 26, 2022, listing on Nasdaq Global Market. It completed its business combination with Femco Steel Technology Co., Ltd. on Jan 15, 2025; the combined company is FST Corp. (KBSX). SouthLight Capital led the IPO. A&O Shearman advised the SPAC and Davis Polk advised the underwriters on the IPO.

Femco Steel Technology Co. is a golf shaft manufacturer listed on the Taiwan exchange under the code 6731. It has entered a business combination agreement with Chenghe that would make it a publicly listed company in the United States.

Status
Merger completed
IPO date
Jan 26, 2022
IPO size
$130M
IPO exchange
Nasdaq Global Market
Target
Femco Steel Technology Co., Ltd. (FST)
Announced
Dec 22, 2023
Stated deal value
$400M
Closed
Jan 15, 2025
Combined company
FST Corp. (KBSX)
IPO underwriters
SouthLight Capital
SPAC counsel (IPO)
A&O Shearman and Maples and Calder
Underwriters' counsel (IPO)
Davis Polk

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