Chenghe Investment I Ltd - Nov 17, 2023 Form 4 Insider Report for Chenghe Acquisition I Co. (LATG)

Role
10%+ Owner
Signature
/s/ Chenghe Investment I Limited, By: /s/ Qi Li, authorized signatory
Stock symbol
LATG
Transactions as of
Nov 17, 2023
Transactions value $
$0
Form type
4
Date filed
11/24/2023, 09:09 AM
Previous filing
Nov 24, 2023

Transactions Table

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Ownership Footnotes
transaction LATG Class A Ordinary Shares Conversion of derivative security +1.06M 1.06M Nov 17, 2023 Direct F1, F2

Derivative Securities (e.g., puts, calls, warrants, options, convertible securities)

Type Sym Class Transaction Value $ Shares Change % * Price $ Shares After Date Underlying Class Amount Exercise Price Ownership Footnotes
transaction LATG Class B Ordinary Shares Conversion of derivative security $0 -1.06M -39.93% $0.00 1.59M Nov 17, 2023 Class A Ordinary Shares 1.06M Direct F1, F2, F3
* An asterisk sign (*) next to the price indicates that the price is likely invalid.

Explanation of Responses:

Id Content
F1 In accordance with the amended and restated memorandum and articles of associations of Chenghe Acquisition I Co. ("SPAC"), as amended, Chenghe Investment I Limited ("Chenghe Sponsor") elected to convert 1,058,127 Class B Ordinary Shares of SPAC, par value $0.0001 per share (the "Class B Shares"), held by it into Class A Ordinary Shares of SPAC, par value $0.0001 per share (the "Class A Shares") on a one-for-one basis for no consideration.
F2 The securities are held directly by indirectly held by Mr. Qi Li through Chenghe Investment I Limited which is record holder of 2,650,000 Class B Shares. Chenghe Group Limited, a British Virgin Islands incorporated company, owns 100% of the voting securities of Chenghe Investment I Limited. Mr. Qi Li holds 100% of the voting securities of Chenghe Group Limited, and may be entitled distributions of the founder shares and has voting and investment discretion with respect to the Class B Shares held of record by Chenghe Investment I Limited.
F3 The Class B Shares will (i) automatically convert into Class A Shares on a one-for-one basis (subject to certain adjustments, including for share sub-divisions, share capitalizations, reorganizations, recapitalizations and other transactions) on the first business day following the consummation of SPAC's initial business combination, or (b) prior to the consummation of SPAC's initial business combination at the election of the holder. The Class B Shares have no expiration date.