Mint Tower Capital Management B.V. Makes New Investment in Chenghe Acquisition III Co. $CHEC

Mint Tower Capital Management B.V. acquired a new stake in Chenghe Acquisition III Co. (NASDAQ:CHEC) in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 150,000 shares of the company’s stock, valued at approximately $1,496,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Gladius Capital Management LP bought a new stake in Chenghe Acquisition III in the fourth quarter valued at approximately $150,000. MMCAP International Inc. SPC bought a new stake in Chenghe Acquisition III in the fourth quarter valued at approximately $1,496,000. Periscope Capital Inc. bought a new stake in Chenghe Acquisition III in the fourth quarter valued at approximately $2,383,000. Finally, Picton Mahoney Asset Management bought a new stake in Chenghe Acquisition III in the fourth quarter valued at approximately $9,970,000.

Chenghe Acquisition III Stock Up 0.0%

Shares of NASDAQ:CHEC opened at $10.15 on Friday. The company’s 50-day moving average price is $10.11. Chenghe Acquisition III Co. has a 12 month low of $9.91 and a 12 month high of $10.56.

Chenghe Acquisition III (NASDAQ:CHEC) last issued its quarterly earnings data on Wednesday, March 25th. The company reported $0.14 EPS for the quarter.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings upgraded Chenghe Acquisition III from a “sell (e)” rating to a “sell (e+)” rating in a research report on Friday, May 1st. One investment analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock currently has a consensus rating of “Sell”.

Chenghe Acquisition III Company Profile

Chenghe Acquisition III (NASDAQ: CHEC) is a special-purpose acquisition company, commonly known as a SPAC, that was formed to effect a business combination with one or more operating companies. As a blank‑check vehicle, the company’s primary business activity is identifying, negotiating and completing an acquisition, merger or other strategic combination rather than operating traditional, revenue‑generating businesses.

Like many SPACs, Chenghe Acquisition III holds funds in a trust account pending the completion of a qualifying business combination and typically offers public shareholders the option to redeem their shares if they do not approve a proposed transaction.