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Chenghe Acquisition II Co., a special purpose acquisition company, announced the postponement of its extraordinary general meeting of shareholders originally scheduled for May 1, 2025. The meeting has been delayed pending the effectiveness of a post-effective amendment related to its proposed business combination with Polibeli Group Ltd and its subsidiary.
On April 25, 2025, Polibeli Group Ltd filed the post-effective amendment to its registration statement, which includes financial statements for the year ended December 31, 2024. This amendment is required to be declared effective by the U.S. Securities and Exchange Commission (SEC) before the business combination can proceed.
The company, which is listed on the NYSE American LLC under the ticker symbols CHEB.U, CHEB, and CHEB.WS for its units, Class A ordinary shares, and redeemable warrants respectively, is in the process of merging with Polibeli Group Ltd, a company based in the Cayman Islands.
The business combination is progressing and is anticipated to be completed after the rescheduled shareholder meeting, subject to the satisfaction of all other closing conditions. Chenghe Acquisition II Co. will distribute the amended proxy statement to its shareholders once the post-effective amendment is cleared by the SEC.
Shareholders who have questions about the postponement or wish to request documents can contact the company’s proxy solicitor, Advantage Proxy, Inc.
This report contains forward-looking statements regarding the proposed business combination and its completion. These statements are based on current expectations and involve risks and uncertainties, which may cause actual results to differ. The company cautions that these forward-looking statements are not guarantees of future performance.
Additional information about the proposed transaction will be provided in the amended proxy statement, which will detail the businesses of Polibeli Group Ltd and Chenghe Acquisition II Co., and will be available to shareholders and the public via the SEC’s website.
This news is based on a press release statement and the latest SEC filings by Chenghe Acquisition II Co.
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