Sec Form 4 Filing - Chenghe Investment Co. @ Chenghe Acquisition Co. - 2024-02-15

Insider filing report for Changes in Beneficial Ownership
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FORM 4
Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP
Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940
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1. Name and Address of Reporting Person
Chenghe Investment Co.
2. Issuer Name and Ticker or Trading Symbol
Chenghe Acquisition Co. [ CHEA]]
5. Relationship of Reporting Person(s) to Issuer
(Check all applicable)
X __ Director X __ 10% Owner
_____ Officer (give title below) _____ Other (specify below)
(Last) (First) (Middle)
38 BEACH ROAD #29-11, SOUTH BEACH TOWER
3. Date of Earliest Transaction (MM/DD/YY)
02/15/2024
(Street)
SINGAPORE, U0189767
4. If Amendment, Date Original Filed (MM/DD/YY)
6. Individual or Joint/Group Filing (Check Applicable Line)
_____ Form filed by One Reporting Person
__ X __ Form filed by More than One Reporting Person
(City) (State) (Zip)
Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Transaction Date (MM/DD/YY) 2A. Deemed Execution Date, if any (MM/DD/YY) 3. Transaction Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I)
(Instr. 4)
7. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V Amount (A) or (D) Price
Class A Ordinary Shares 02/15/2024 C 2,697,561 A 2,697,561 D ( 7 )
Class A Ordinary Shares 02/15/2024 D 2,697,561 D 0 D ( 7 )
Table II - Derivative Securities Acquired, Disposed of, or Beneficially Owned
( e.g. , puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Transaction Date (MM/DD/YY) 3A. Deemed Execution Date, if any (MM/DD/YY) 4. Transaction Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4, and 5)
6. Date Exercisable and Expiration Date
(MM/DD/YY)
7. Title and Amount of Underlying Securities
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 4)
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I)
(Instr. 4)
11. Nature of Indirect Beneficial Ownership
(Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares
Class B Ordinary Shares ( 1 ) 02/15/2024 C 2,697,561 ( 2 ) ( 2 ) Class A Ordinary Shares 2,697,561 $ 0 ( 1 ) 0 D ( 7 )
Private Placement Warrants ( 3 ) ( 4 ) ( 5 ) ( 6 ) 02/15/2024( 6 ) D 7,750,000 ( 3 )( 4 )( 5 ) ( 3 )( 4 )( 5 ) Class A Ordinary Shares 7,750,000 $ 0 ( 6 ) 0 D ( 8 )
Reporting Owners
Reporting Owner Name / Address Relationships
Director 10% Owner Officer Other
Chenghe Investment Co.
38 BEACH ROAD #29-11
SOUTH BEACH TOWER
SINGAPORE, U0189767
X X
Li Qi
38 BEACH ROAD #29-11
SOUTH BEACH TOWER
SINGAPORE, U0189767
X X
Signatures
/s/ Chenghe Investment Co., By: /s/ Qi Li, authorized signatory 02/26/2024
Signature of Reporting Person Date
/s/ Qi Li 02/26/2024
Signature of Reporting Person Date
Explanation of Responses:
( 1 )The Class B ordinary shares were converted into Class A ordinary shares on a one-for-one basis upon the consummation of the Issuer's initial business combination on February 15, 2024 (the "Business Combination").
( 2 )The reporting person disposed of all Class A ordinary shares upon the consummation of the Issuer's Business Combination, which were automatically exchanged into corresponding Class A ordinary shares of Semilux International Ltd.
( 3 )Each Private Placement Warrant is exercisable to purchase one Class A ordinary share of the Issuer at an exercise price of $11.50 per share. As described in the Issuer's Registration Statement on Form S-1 (File No. 333-264061) filed with the Securities and Exchange Commission on April 27, 2022 (the "Registration Statement"), the Private Placement Warrants are identical to the warrants sold in connection with the Issuer's initial public offering ("IPO"), except that the Private Placement Warrants, so long as they are held by the Chenghe Investment Co. (the "Sponsor") or its permitted transferees, (i) the private placement warrants will not be redeemable by us,
( 4 )(ii) may not (including the Class A ordinary shares issuable upon exercise of these warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders until 30 days after the completion of our initial business combination, (iii) may be exercised by the holders on a cashless basis and (iv) will be entitled to registration rights.
( 5 )Each Private Placement Warrant may be exercised only during the period commencing on the date that is thirty (30) days after the first date on which the Issuer completes the Business Combination, and terminating on the earlier to occur of: (x) at 5:00 p.m., New York City time on the date that is five (5) years after the date on which the Issuer completes its Business Combination, and (y) the liquidation of the Issuer.
( 6 )The reporting person disposed of all Private Placement Warrants upon the consummation of the Issuer's Business Combination, which were automatically exchanged into corresponding warrants exercisable for Class A ordinary shares of Semilux International Ltd.
( 7 )Reflects Class B Shares held by Chenghe Investment Co. (the "Sponsor"). Chenghe Group Limited, a British Virgin Islands incorporated company, is the sole member and the manager of the Sponsor. Mr. Qi Li, who holds 100% of the voting securities of Chenghe Group Limited, may be entitled distributions of the founder shares and has voting and investment discretion with respect to the ordinary shares held by Chenghe Group Limited through held of record by Chenghe Investment Co. Mr. Qi Li disclaims beneficial ownership over any securities owned by our sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.
( 8 )Reflects Private Placement Warrants held by the Sponsor. Chenghe Group Limited, a British Virgin Islands incorporated company, is the sole member and the manager of the Sponsor. Mr. Qi Li, who holds 100% of the voting securities of Chenghe Group Limited, may be entitled distributions of the founder shares and has voting and investment discretion with respect to the ordinary shares held by Chenghe Group Limited through held of record by Chenghe Investment Co. Mr. Qi Li disclaims beneficial ownership over any securities owned by our sponsor other than to the extent of any pecuniary interest he may have therein, directly or indirectly.

Remarks:
Exhibit 99 - Joint Filer Statement

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