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SPAC · Merger completed

Chenghe Acquisition II Co.

Business combination with Polibeli Group Ltd

Chenghe Acquisition II Co. is a blank-check company (SPAC) that raised $75M in its initial public offering on Jun 7, 2024, listing on NYSE. It completed its business combination with Polibeli Group Ltd on Aug 7, 2025; the combined company is Polibeli Group Ltd (PLBL). Revere led the IPO, with Management Webull Financial. O’Melveny & Myers advised the SPAC and Ellenoff Grossman & Schole advised the underwriters on the IPO.

Status
Merger completed
IPO date
Jun 7, 2024
IPO size
$75M
IPO exchange
NYSE
Target
Polibeli Group Ltd
Announced
Sep 17, 2024
Stated deal value
$3.6B
Closed
Aug 7, 2025
Combined company
Polibeli Group Ltd (PLBL)
IPO underwriters
Revere and Management Webull Financial
SPAC counsel (IPO)
O’Melveny & Myers and Ogier
Underwriters' counsel (IPO)
Ellenoff Grossman & Schole

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