Chenghe Acquisition III swings to Q2 FY26 net income of $774,007
CHEC•Quarterly and six-month results
- Chenghe Acquisition III posted net income of $774,007 for the quarter ended June 30, 2026, swinging from a net loss of $23,625 a year earlier.
- Interest income on cash held in the trust account totaled $1.07 million, while formation, general and administrative costs were $294,370.
- For the six months ended June 30, 2026, net income was $1.66 million, turning from a net loss of $43,257 in the prior-year period.
Trust account and going concern warning
- Trust account cash stood at $130 million as of June 30, 2026, including about $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.
