Glazer Capital LLC Sells 185,244 Shares of Chenghe Acquisition I Co. (NASDAQ:LATG)

Glazer Capital LLC trimmed its stake in shares of Chenghe Acquisition I Co. (NASDAQ:LATG - Free Report) by 80.4% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 45,073 shares of the company's stock after selling 185,244 shares during the quarter. Glazer Capital LLC owned about 0.63% of Chenghe Acquisition I worth $522,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Wolverine Asset Management LLC increased its stake in shares of Chenghe Acquisition I by 4.7% during the third quarter. Wolverine Asset Management LLC now owns 374,414 shares of the company's stock valued at $4,338,000 after acquiring an additional 16,692 shares during the period. Institutional investors and hedge funds own 50.85% of the company's stock.

Chenghe Acquisition I Stock Up 0.1 %

LATG traded up $0.01 during trading on Friday, reaching $11.68. The stock had a trading volume of 500 shares, compared to its average volume of 1,367. Chenghe Acquisition I Co. has a 1-year low of $10.96 and a 1-year high of $11.75. The stock has a 50 day moving average of $11.64 and a two-hundred day moving average of $11.50. The firm has a market capitalization of $79.19 million, a price-to-earnings ratio of -33.37 and a beta of -0.01.

Chenghe Acquisition I Profile

Chenghe Acquisition I Co does not have significant operations. The company focuses on effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses or entities. It intends to focus search for an initial business combination in the TMT, green energy, biotechnology, optoelectronics, and other sectors in the Asia Pacific.