Business Description

We are a blank check company incorporated as a Cayman Islands exempted company whose business purpose is to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to throughout this Annual Report as our initial business combination. We have not selected any specific business combination target and we have not, nor has anyone on our behalf, engaged in any substantive discussions, directly or indirectly, with any business combination target with respect to an initial business combination with us. We may pursue an initial business combination target in any industry or geographic region. Our co-sponsors are affiliated with Chenghe Group Ltd. (“Chenghe Group”), an investment holding company with an advisory practice, and a repeat SPAC sponsor which has backed and led multiple SPAC vehicles from the formation of such vehicles to consummation of their initial business combinations. Company History and Initial Public Offering On December 5, 2024, Cayman Sponsor paid $25,000, or approximately $0.006 per share, to cover certain offering expenses of SPAC in consideration for 4,312,500 founder shares. On June 30, 2025, Cayman Sponsor forfeited for no consideration 95,833 Class B ordinary shares, resulting in 4,216,667 founder shares held by Cayman Sponsor. On June 30, 2025, Cayman Sponsor transferred 1,852,000 founder shares to Delaware Sponsor for $11,112, or $0.006 per share, resulting in Cayman Sponsor holding 2,364,667 founder shares and Delaware Sponsor holding 1,852,000 founder shares. On September 17, 2025, SPAC consummated its initial public offering (“IPO”) of 12,650,000 Public Units. Each Public Unit consists of one Class A Ordinary Share, and one-half of one redeemable Public Warrant, with each Public Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, subject to adjustment. The Public Units were sold at a price of $10.00 per unit, generating gross proceeds of $126,500,000. Concurrently with the closing of the SPAC IPO, the co-sponsors and BTIG, LLC (the “Underwriter”) purchased an aggregate of $4,080,000 Private Placement Units at a price of $10.00 per unit, generating gross proceeds of $4,080,000. Following the closing of the IPO, a total of $ 126,500,000 ($10.00 per Public Unit) of net proceeds of the IPO and certain of the proceeds of the private placement of units was placed in the Trust Account. The Trust Account is located in the United States with SPAC’s transfer agent acting as trustee, and may only be invested in U.S. government securities, within the meaning of Section 2(a)(16) of the Investment Company Act of 1940 (as amended, the “Investment Company Act”), having a maturity of 185 days or less or in the money market funds meeting certain conditions under Rule 2a-7 promulgated under the Investment Company Act which invest only in direct U.S. government treasury obligations. There are currently outstanding 6,325,000 Public Warrants and 204,000 Private Placement Warrants. Each Warrant entitles the holder to purchase one Class A Ordinary Share for $11.50 per share. On November 10, 2025, the Company announced that the holders of the Company’s Units sold in the IPO may elect to separately trade the Public Shares and Public Warrants included in the Units commencing on November 11, 2025 . Each Unit consists of one Public Share and one-half of one Public Warrant to purchase one Public Share. Any Units not separated will continue to trade on the Nasdaq Global Market (“NASDAQ”) under the symbol “CHECU”. Any underlying Public Shares and Public Warrants that are separated will trade on the NASDAQ under the symbols “CHEC” and “CHECW”, respectively. No fractional Public Warrants will be issued upon separation of the Units, and only whole Public Warrants will trade. Since our IPO, our sole business activity has been identifying and evaluating suitable acquisition transaction candidates. We presently have no revenue and have had losses since inception from incurring formation and operating costs. 1 Business Strategy We intend to capitalize on the experience of our team to identify and acquire one or more growing companies in Asian markets or global businesses with a presence or focus in Asia, that demonstrate a strong potential for expansion and value creation.…