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SPAC · Merger completed

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
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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