Chenghe Acquisition Co. Unit

CHEAU

Market cap $98.6M

SINGAPORE , Dec. 27, 2023 /PRNewswire/ -- Chenghe Acquisition I Co. (f/k/a LatAmGrowth SPAC) (Nasdaq: LATG) (the "Company") announces that on December 22, 2023, it received a written notice from the Listing Qualifications Department (the "Staff") of The Nasdaq Stock Market LLC ("Nasdaq") notifying the Company that because it has not yet filed its Form 10-Q for the period ended June 30, 2023 (the "June 2023 Filing") and Form 10-Q for the period ended September 30, 2023 (the "September 2023 Filing", together with the June 2023 Filing, the "Filings") with the Securities Exchange Commission (the "SEC"), it no longer complies with Listing Rule 5250(c)(1) of Nasdaq's Listing Rules (the "Rules") for continued listing. Under the Rules, the Company now has 60 calendar days to submit a plan to regain compliance and if Nasdaq accepts the Company's plan, Nasdaq can grant an exception of up to 180 calendar days from the June 2023 Filing's due date, or until February 20, 2024, to regain compliance.