Mint Tower Capital Management B.V. Takes Position in Chenghe Acquisition III Co. $CHEC

Mint Tower Capital Management B.V. purchased a new stake in shares of Chenghe Acquisition III Co. (NASDAQ:CHEC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 150,000 shares of the company’s stock, valued at approximately $1,496,000.

A number of other hedge funds also recently made changes to their positions in CHEC. Gladius Capital Management LP bought a new stake in shares of Chenghe Acquisition III during the 4th quarter worth $150,000. MMCAP International Inc. SPC bought a new stake in shares of Chenghe Acquisition III during the 4th quarter worth $1,496,000. Periscope Capital Inc. bought a new stake in shares of Chenghe Acquisition III during the 4th quarter worth $2,383,000. Finally, Picton Mahoney Asset Management bought a new stake in shares of Chenghe Acquisition III during the 4th quarter worth $9,970,000.

Chenghe Acquisition III Trading Up 0.0%

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

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

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised shares of Chenghe Acquisition III from a “sell (e)” rating to a “sell (e+)” rating in a report on Friday, May 1st. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, Chenghe Acquisition III has an average rating of “Sell”.

About Chenghe Acquisition III

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.