Chenghe Acquisition I Co. Receives Nasdaq Notice Regarding Late Form 10-Q Filings
Portfolio Pulse from Benzinga Newsdesk
Chenghe Acquisition I Co. (formerly LatAmGrowth SPAC), trading as LATG on NASDAQ, has received a notice from Nasdaq for non-compliance due to delayed filings of its Form 10-Q for the periods ended June 30, 2023, and September 30, 2023. The company has 60 days to submit a compliance plan, with a possible extension of up to 180 days to regain compliance.
December 27, 2023 | 7:16 am
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NEGATIVE IMPACT
Chenghe Acquisition I Co. (LATG) faces potential delisting risk due to late Form 10-Q filings, which could negatively impact investor confidence and stock price in the short term.
The notice of non-compliance from Nasdaq is a significant regulatory issue that directly affects Chenghe Acquisition I Co. and could lead to delisting if not addressed. This creates uncertainty for investors and could negatively impact the stock price in the short term as the market reacts to potential governance and financial transparency issues.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100