04:33 AM EDT, 09/18/2025 (MT Newswires) -- Chenghe Acquisition III (CHEC) said late Wednesday it completed its initial public offering of 12.65 million units at $10 each, raising $126.5 million in gross proceeds.

The IPO includes 1.65 million units issued under the full exercise of the underwriter's overallotment option, the blank-check company said.

Each unit consists of one class A share and one-half of a redeemable warrant, with each warrant exercisable at $11.50 per share.

The units trade on the Nasdaq Global Market under the ticker symbol CHECU, while the shares and warrants are expected to trade under the symbols CHEC and CHECW, respectively.

Chenghe said it plans to use the net proceeds from the IPO and a simultaneous private placement of units to pursue and consummate a business combination.