Chenghe Acquisition III Co. (CHEC) Form 10-Q — Aug 5, 2026
Chenghe Acquisition III Co., a pre-deal blank check company, reported second-quarter 2026 net income of $774,007, driven entirely by $1,068,377 of interest earned on the $129,999,967 held in its trust account. First-half net income was $1,658,755 against no operating revenue. The 10-Q carries a going-concern warning: management determined the company lacks the liquidity needed to sustain operations for at least one year, and it will cease operations and liquidate if it fails to complete an initial business combination by March 17, 2027.
Key figures
- Eps
- 0.05
- Net Income
- 774007
- Total Assets
- 130501601
- Cash Position
- 441542
- Q2 Net Income
- 774007
- Q2 Gn AExpense
- 294370
- Working Capital
- 158924
- Ipo Gross Proceeds
- 126500000
- Six Month Net Income
- 1658755
- Accumulated Deficit
- 4901539
- Six Month Gn AExpense
- 471127
- Liquidation Deadline
- March 17, 2027
- Trust Account Balance
- 129999967
- Warrant Exercise Price
- 11.5
- Q2 Trust Interest Income
- 1068377
- Class AShares Outstanding
- 13058000
- Class BShares Outstanding
- 4216667
- Deferred Underwriting Fee
- 5060000
- Six Month Trust Interest Income
- 2129882
- Private Placement Gross Proceeds
- 4080000
- Redemption Value Per Public Share
- 10.28
- Public Shares Subject To Redemption
- 12650000
- Net Cash Used In Operating Activities
- 255283
Price after filing
Close on the filing date to close N calendar days later (from $10.23). Historical, not a forecast.
AI analysis
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