Chenghe Acquisition III Co. Completes $126.5 Million IPO, Exercising Full Overallotment Option

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SINGAPORE, Sept. 17, 2025 — Chenghe Acquisition III Co. (the “Company”), a special purpose acquisition company established in the Cayman Islands, announced today the completion of its initial public offering of 12,650,000 units priced at $10.00 each. This includes the underwriter’s full overallotment option of 1,650,000 units, resulting in total gross proceeds of $126.5 million. The units are listed on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “CHECU.” Each unit comprises one Class A ordinary share and one-half of a redeemable warrant. Each whole warrant, exercisable 30 days after the Company’s initial business combination, allows the holder to purchase one Class A ordinary share at $11.50 per share. No fractional warrants will be issued upon separation of the units, and only whole warrants will be traded. The Company anticipates that its Class A ordinary shares and warrants will be listed on Nasdaq under the symbols “CHEC” and “CHECW,” respectively, once the unit components begin separate trading.

The Company plans to use the net proceeds from the offering and a simultaneous private placement of units to identify and complete a business combination with one or more businesses.
  
BTIG, LLC served as the sole book-running manager for the offering.

The offering was conducted solely through a prospectus. Prospectus copies can be obtained from BTIG, LLC, 65 East 55th Street New York, New York 10022, Attn: Syndicate Department, via email at , or on the Securities and Exchange Commission (“SEC”) website at .

A registration statement for the securities was filed with the SEC and declared effective on September 15, 2025, at 4:30 pm Eastern Standard Time. This press release does not constitute an offer to sell or a solicitation of an offer to buy securities, nor will any sale of these securities occur in any jurisdiction where such offer, solicitation, or sale would be unlawful before registration or qualification under the securities laws of that jurisdiction.

About Chenghe Acquisition III Co.

The Company is a special purpose acquisition company incorporated in the Cayman Islands to effect mergers, share exchanges, asset acquisitions, share purchases, reorganizations, or similar business combinations with one or more businesses. While the Company may pursue an acquisition opportunity in any business, industry, sector, or geographical location, it intends to focus its search on growing companies in Asian markets or global companies with a presence or focus in Asia.

Forward-Looking Statements

This press release contains “forward-looking statements” regarding the Company’s search for an initial business combination and the anticipated use of the offering’s net proceeds. There is no guarantee that the Company will complete a business combination in the targeted sector or at all. These statements are based on management’s current expectations, assumptions, estimates, and projections, which are believed to be reasonable but are subject to known and unknown risks and uncertainties, many beyond management’s control. These include conditions outlined in the Risk Factors section of the Company’s Registration Statement on Form S-1 and prospectus filed with the SEC, available at www.sec.gov. The Company does not undertake to update these statements for revisions or changes after this release date, except as legally required.

Company Contact:        
Chenghe Acquisition III Co.
38 Beach Road #29-11
South Beach Tower
Singapore 189767
Attn: Shibin Wang
Email:
Tel: (65) 9851 8611

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