Chenghe Acquisition III Co. (CHECW) Warrant
Each CHECW warrant gives the holder the right to buy 1 share of Chenghe Acquisition III Co. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.29, below the strike, so the warrant is out of the money. Chenghe Acquisition III Co. has a market value of about $307.92M. Chenghe Acquisition III Co. is a SPAC (no deal announced yet). It must complete a deal by March 17, 2027 or the warrants expire worthless. There are 6.33M listed warrants; exercising all of them would add 21.1% to the 29.92M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $11.59
From the issuer's S-1/A (2025-07-28).
Company and stock
- Company
- Chenghe Acquisition III Co.
- Underlying stock
- CHEC
- Share price
- $10.29
- Market cap
- $307.92M
- Shares outstanding
- 29.92M
- Range since Nov 2025
- $9.94 – $10.30
- Change since Nov 2025
- +3%
- Value of all listed warrants
- $569.25K (0.2% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- Grand Cayman, Cayman Islands
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.0900
- Price / model
Pro will show whether CHECW is cheap or rich against our model. It is not open yet. Leave your email to hear when it is.
Dilution
- Shares outstanding
- 29.92M
- Listed warrants
- 6.33M
- Dilution if all exercised
- 21.1%
Warrant count from filing text: public warrants.
SPAC deal
- Status
- no deal announced yet
- Target
- —
- Deal announced
- —
- Deadline
- 2027-03-17
- Latest possible deadline
- 2027-03-17
- Trust per share
- $10.28
- Sponsor
- Chenghe Investment III Limited
- Sponsor's earlier SPACs
- 2 (1 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about CHECW
When does the CHECW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of CHECW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many CHECW warrants are outstanding?
6.33M listed warrants, equal to 21.1% dilution if all are exercised.
Related warrants
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