Chenghe Acquisition III swings to Q2 FY26 net income of $774,007
Reuters2026/08/05 21:38- Chenghe Acquisition III posted net income of USD 774,007 for the quarter ended June 30, 2026, swinging from a net loss of USD 23,625 a year earlier.
- Interest income on cash held in the trust account totaled USD 1.07 million, while formation, general and administrative costs were USD 294,370.
- For the six months ended June 30, 2026, net income was USD 1.66 million, turning from a net loss of USD 43,257 in the prior-year period.
- Trust account cash stood at USD 130 million as of June 30, 2026, including about USD 3.5 million of interest income.
- Management flagged substantial doubt about going concern, citing expected acquisition-related costs and the need to complete a business combination by March 17, 2027.
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