The new SPAC 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. Chenghe is led by Chairman Richard Qi Li, CEO Shibin Wang, and CFO Anna Zhou.
Total SPAC deal count for 2022 year-to-date is now 61. This offering is expected to close on Monday, May 2.
Morgan Stanley & Co. LLC and EarlyBirdCapital, Inc. are acting as joint book-running managers for the offering, and Revere Securities LLC is acting as co-manager. White & Case LLP is serving as Issuer’s Counsel with Paul Hastings LLP serving as Underwriter’s Counsel. Marcum Bernstein & Pinchuk LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.