Successfully merged with Polibeli Group Ltd • Now trading as PLBL
SPAC Overview
$86.3M
IPO Size
$89.6M
Trust (as of 2025-03-31)
Completed
Current Status
2024
IPO Year
Timeline Progress
About
Chenghe Acquisition II Co. is a blank-check company formed to effect an initial business combination with one or more businesses. It intends to search for growing companies in Asian markets or global companies with a presence or focus in Asia.
Geographic Focus
Asia
The terms and the filing trail behind Chenghe Acquisition II Co.
What the sponsor registered, what the deal actually priced at, and every 8-K that moved it — unit structure, sponsor promote, and the dated lifecycle events, each linked to its filing.
- Unit structure as registered and as priced — price, warrant coverage, rights, trust per unit
- Sponsor promote: founder shares and percentage, private-placement warrants, trust deposit
- The full 8-K lifecycle timeline, each event linked to its filing
- Price history across the unit, share and warrant tickers
- Follow it, and see it change on your watchlist
SPAC Team
Sponsors
Leadership
Fucheng Yan
Chairman of the Board of Directors
Shibin Wang
Chairman of the Board of Directors
Anna Zhou
Chief Executive Officer, Director
Hua Chen
Chief Executive Officer, Principal Financial Officer
Lyle Wang
Chief Financial Officer
Jesslyn Andina Olivia
Administration Director of Indonesian Business
Minoru Aoki
Sales Director of Japanese Business
Assere Marc
Independent Director, Independent Director Nominee
Cong Cheng
Independent Director, Independent Director Nominee
James Zhang
Independent Director (Nominee), Independent Director Nominee
Kwan Sun
Independent Director (Nominee), Independent Director Nominee
Ning Ma
Independent Director (Nominee), Independent Director Nominee
Yixuan Yuan
Beneficial owner
Richard Qi Li
Underwriters
Extended Team Information
The team is led by Anna Zhou and Shibin Wang, with Richard Qi Li and Lyle Wang, and has substantial investment, transaction and operating experience, including prior SPAC formations and business combinations sponsored by Chenghe Group.
Stock Performance
PLBL
Trading Symbol
First Trade
August 8, 2025
$10.00
At Merger
August 11, 2025
$11.49
+15%
6 Months Post-Merger
February 9, 2026
$8.42
-27%
1 Year Post-Merger
August 10, 2026
$5.90
-49%
Current Price
October 1, 2026
$5.49
-45%
Key Information
IPO Date
June 7, 2024
Total Redemptions
$88.6M
State of Incorporation
E9
SIC
6770
Completion Date
August 8, 2025
Merger Target
Polibeli Group Ltd
SPAC Ticker
CHEB
Merged Ticker
PLBL