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Chenghe Acquisition III Co.
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Summary
| Date | Type | Company | Location | File No | Link |
|---|---|---|---|---|---|
| 2025-09-11 | Company Response | Chenghe Acquisition III Co. | Cayman Islands | N/A | Read Filing View |
| 2025-09-11 | Company Response | Chenghe Acquisition III Co. | Cayman Islands | N/A | Read Filing View |
| 2025-08-29 | Company Response | Chenghe Acquisition III Co. | Cayman Islands | N/A | Read Filing View |
| 2025-08-28 | SEC Comment Letter | Chenghe Acquisition III Co. | Cayman Islands | 377-07705 | Read Filing View |
| 2025-08-22 | Company Response | Chenghe Acquisition III Co. | Cayman Islands | N/A | Read Filing View |
| 2025-08-11 | SEC Comment Letter | Chenghe Acquisition III Co. | Cayman Islands | 377-07705 | Read Filing View |
| 2025-07-25 | Company Response | Chenghe Acquisition III Co. | Cayman Islands | N/A | Read Filing View |
| 2025-07-14 | SEC Comment Letter | Chenghe Acquisition III Co. | Cayman Islands | 377-07705 | Read Filing View |
| 2025-07-03 | Company Response | Chenghe Acquisition III Co. | Cayman Islands | N/A | Read Filing View |
| 2025-02-27 | SEC Comment Letter | Chenghe Acquisition III Co. | Cayman Islands | 377-07705 | Read Filing View |
| Date | Type | Company | Location | File No | Link |
|---|---|---|---|---|---|
| 2025-08-28 | SEC Comment Letter | Chenghe Acquisition III Co. | Cayman Islands | 377-07705 | Read Filing View |
| 2025-08-11 | SEC Comment Letter | Chenghe Acquisition III Co. | Cayman Islands | 377-07705 | Read Filing View |
| 2025-07-14 | SEC Comment Letter | Chenghe Acquisition III Co. | Cayman Islands | 377-07705 | Read Filing View |
| 2025-02-27 | SEC Comment Letter | Chenghe Acquisition III Co. | Cayman Islands | 377-07705 | Read Filing View |
| Date | Type | Company | Location | File No | Link |
|---|---|---|---|---|---|
| 2025-09-11 | Company Response | Chenghe Acquisition III Co. | Cayman Islands | N/A | Read Filing View |
| 2025-09-11 | Company Response | Chenghe Acquisition III Co. | Cayman Islands | N/A | Read Filing View |
| 2025-08-29 | Company Response | Chenghe Acquisition III Co. | Cayman Islands | N/A | Read Filing View |
| 2025-08-22 | Company Response | Chenghe Acquisition III Co. | Cayman Islands | N/A | Read Filing View |
| 2025-07-25 | Company Response | Chenghe Acquisition III Co. | Cayman Islands | N/A | Read Filing View |
| 2025-07-03 | Company Response | Chenghe Acquisition III Co. | Cayman Islands | N/A | Read Filing View |
2025-09-11 - CORRESP - Chenghe Acquisition III Co.
CORRESP 1 filename1.htm September 11, 2025 VIA EDGAR Division of Corporation Finance Office of Real Estate & Construction United States Securities and Exchange Commission 100 F Street, N.E. Washington, D.C. 20549 Re: Chenghe Acquisition III Co. Registration Statement on Form S-1 Filed September 9, 2025, as amended File No. 333-288524 Ladies and Gentlemen: Pursuant to Rule 461 of the General Rules and Regulations of the U.S. Securities and Exchange Commission under the Securities Act of 1933, as amended (the "Securities Act"), BTIG, LLC, as the representative of the underwriters of the offering, hereby joins the request of the Company that the effective date of the above-captioned Registration Statement be accelerated so as to permit it to become effective at 4:30 p.m. ET on September 15, 2025, or as soon as thereafter practicable. Pursuant to Rule 460 of the General Rules and Regulations of the Securities and Exchange Commission under the Securities Act, we, acting on behalf of the several underwriters, wish to advise you that, through September 11, 2025, we distributed to each underwriter or dealer, who is reasonably anticipated to be invited to participate in the distribution of the security, as many copies, as well as "E-red" copies of the preliminary prospectus dated September 9, 2025, as appears to be reasonable to secure adequate distribution of the preliminary prospectus. We have complied and will continue to comply with the requirements of Rule 15c2-8 under the Securities Exchange Act of 1934, as amended. Very truly yours, /s/ Paul Wood Paul Wood Managing Director, Co-Head of SPAC Investment Banking
2025-09-11 - CORRESP - Chenghe Acquisition III Co.
CORRESP 1 filename1.htm Chenghe Acquisition III Co. 38 Beach Road #29-11 South Beach Tower Singapore 189767 September 11, 2025 VIA EDGAR Office of Real Estate & Construction Division of Corporation Finance U.S. Securities and Exchange Commission 100 F Street, NE Washington, D.C. 20549 Attention: Fred Knapp, Isaac Esquivel, Pearlyne Paulemon and Pam Howell Re: Chenghe Acquisition III Co. Registration Statement on Form S-1, as amended File No. 333-288524 Ladies and Gentlemen: Pursuant to Rule 461 under the Securities Act of 1933, as amended, Chenghe Acquisition III Co., a Cayman Islands exempted company (the " Company "), hereby requests acceleration of the effective date of the above referenced Registration Statement to 4:30 p.m., Eastern Time, on September 15, 2025, or as soon thereafter as practicable, or at such other time as the Company or its outside counsel, Paul Hastings LLP, requests by telephone that such Registration Statement be declared effective. Please contact Will Burns of Paul Hastings LLP, counsel to the Company, at (713) 860-7352, as soon as the registration statement has been declared effective, or if you have any other questions or concerns regarding this matter. Sincerely, /s/ Shibin Wang Shibin Wang Chief Executive Officer
2025-08-29 - CORRESP - Chenghe Acquisition III Co.
CORRESP 1 filename1.htm August 29, 2025 United States Securities and Exchange Commission Division of Corporation Finance Office of Real Estate and Construction 100 F Street, N.E. Washington, D.C. 20549 Attn: Fred Knapp Isaac Esquivel Pearlyne Paulemon Pam Howell Re: Chenghe Acquisition III Co. Amendment No. 2 to Registration Statement on Form S-1 Filed July 28, 2025 File No. 333-288524 Ladies and Gentlemen: On behalf of our client, Chenghe Acquisition III Co., a company incorporated under the laws of the Cayman Islands (the " Company " or " we "), we submit to the staff of the Division of Corporation Finance (the " Staff ") of the United States Securities and Exchange Commission (the " Commission ") the Company's response to the comments contained in the Staff's letter, dated August 28, 2025 (the " Comment Letter "), with respect to the above-referenced Amendment No. 2. To Registration Statement on Form S-1 submitted on August 22, 2025. Concurrently with the submission of this letter, the Company has filed via EDGAR Amendment No. 3 to the Registration Statement on Form S-1 (the " Registration Statement "), which reflects the Company's responses to the comments received from the Staff and certain other updated information. For ease of reference, each comment contained in the Comment Letter is printed below in bold and is followed by the Company's response. All page references in the responses set forth below refer to the page numbers in the Registration Statement. All capitalized terms used but not defined in this response letter have the meanings ascribed to such terms in the Registration Statement. Amendment No. 2. To Registration Statement on Form S-1 filed August 22, 2025 Exhibits 1. We note your response and revisions to prior comment 1. Please revise the assumption in Exhibit 5.2 that "the Warrant Agreement to be entered into in connection with the Warrants has been duly authorized, executed and delivered by the Warrant Agent and the Company, is a valid, binding and enforceable agreement of each party thereto" as it relates to the Company. In response to the Staff's comment, we have revised Exhibit 5.2 and filed it with the Registration Statement to clarify the assumption regarding the Warrant Agreement as it relates to the Company. 2. We note your response and revision to prior comment 4. Please revise the signatures to include the signature of your controller or principal accounting officer. See Instruction 1 to Signatures to Form S-1. The Company respectfully advises the Staff that the signatures have been revised to reflect that Lyle Wang is the Company's principal financial and accounting officer. General 3. We note your response to prior comment 3 and reissue. While we note there is disclosure of the location of the co-sponsors in China, we note that your disclosure regarding the risks is really focused on the ties of officers and directors to China and/or Hong Kong. For instance, the cover page states "we face various legal and operational risks associated with our ties to Hong Kong and/or China." As previously requested, please revise your disclosures throughout the prospectus to address the material risks and uncertainties due to your co-sponsors being located in Hong Kong. In addition, we continue to note that much of the disclosure is focused on the company post business combination, in particular the risk factor disclosures. Your revised disclosures should also address the current risks and uncertainties as opposed to those associated with Company's post-combination operations. In response to the Staff's comment, we have revised the Registration Statement on the cover page and pages 14, 15, 46, 47, 73-76, 82, 83, 120, 121, 148, and 149 to address the current material risks and uncertainties the Company may face due to our co-sponsors being located in Hong Kong as well as the risk factor disclosures related to the current risks and uncertainties. Please do not hesitate to contact R. William Burns at (713) 860-7352 or Chris Centrich at (713) 860-7309 if you require additional information with respect to any of the foregoing. Thank you. Sincerely, /s/ R. William Burns R. William Burns cc: Chris Centrich, Paul Hastings LLP
2025-08-28 - UPLOAD - Chenghe Acquisition III Co. File: 377-07705
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> August 28, 2025 Shibin Wang Chief Executive Officer Chenghe Acquisition III Co. 38 Beach Road #29-11 South Beach Tower, Singapore, 189767 Re: Chenghe Acquisition III Co. Amendment No.2 to Registration Statement on Form S-1 Filed August 22, 2025 File No. 333-288524 Dear Shibin Wang: We have reviewed your amended registration statement and have the following comments. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our August 11, 2025 letter. Amendment No.2 to Form S-1 filed on August 22, 2025 Exhibits 1. We note your response and revisions to prior comment 1. Please revise the assumption in Exhibit 5.2 that the Warrant Agreement to be entered into in connection with the Warrants has been duly authorized, executed and delivered by the Warrant Agent and the Company, is a valid, binding and enforceable agreement of each party thereto as it relates to the Company. General 2. We note your response and revision to prior comment 4. Please revise the signatures to include the signature of your controller or principal accounting officer. See Instruction 1 to Signatures to Form S-1. August 28, 2025 Page 2 3. We note your response to prior comment 3 and reissue. While we note there is disclosure of the location of the co-sponsors in China, we note that your disclosure regarding the risks is really focused on the ties of officers and directors to China and/or Hong Kong. For instance, the cover page states "we face various legal and operational risks associated with our ties to Hong Kong and/or China." As previously requested, please revise your disclosures throughout the prospectus to address the material risks and uncertainties due to your co-sponsors being located in Hong Kong. In addition, we continue to note that much of the disclosure is focused on the company post business combination, in particular the risk factor disclosures. Your revised disclosures should also address the current risks and uncertainties as opposed to those associated with Company s post-combination operations. Please contact Frank Knapp at 202-551-3805 or Isaac Esquivel at 202-551-3395 if you have questions regarding comments on the financial statements and related matters. Please contact Pearlyne Paulemon at 202-551-8714 or Pam Howell at 202-551-3357 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Chris E. Centrich </TEXT> </DOCUMENT>
2025-08-22 - CORRESP - Chenghe Acquisition III Co.
CORRESP 1 filename1.htm August 22, 2025 United States Securities and Exchange Commission Division of Corporation Finance Office of Real Estate and Construction 100 F Street, N.E. Washington, D.C. 20549 Attn: Fred Knapp Isaac Esquivel Pearlyne Paulemon Pam Howell Re: Chenghe Acquisition III Co. Amendment No. 1 to Registration Statement on Form S-1 Filed July 28, 2025 File No. 333-288524 Ladies and Gentlemen: On behalf of our client, Chenghe Acquisition III Co., a company incorporated under the laws of the Cayman Islands (the " Company " or " we "), we submit to the staff of the Division of Corporation Finance (the " Staff ") of the United States Securities and Exchange Commission (the " Commission ") the Company's response to the comments contained in the Staff's letter, dated August 11, 2025 (the " Comment Letter "), with respect to the above-referenced Amendment No. 1. To Registration Statement on Form S-1 submitted on July 28, 2025. Concurrently with the submission of this letter, the Company has filed via EDGAR Amendment No. 2 to the Registration Statement on Form S-1 (the " Registration Statement "), which reflects the Company's responses to the comments received from the Staff and certain other updated information. For ease of reference, each comment contained in the Comment Letter is printed below in bold and is followed by the Company's response. All page references in the responses set forth below refer to the page numbers in the Registration Statement. All capitalized terms used but not defined in this response letter have the meanings ascribed to such terms in the Registration Statement. Amendment No. 1. To Registration Statement on Form S-1 filed July 28, 2025 Exhibits 1. We note the statement in Exhibit 5.2 that the opinion relates to the "proposed underwritten public offering of up to 11,000,000 units of the Company (the "Units") (which includes up to 1,650,000 Units that may be issued and sold pursuant to the exercise of an over-allotment option described in the Registration Statement)." Please reconcile with the registration statement, which reflects the over-allotment of 1.65 million units as being in addition to the 11 million units. Please also revise the assumption that "the Warrant Agreement to be entered into in connection with the Warrants ... is a valid, binding and enforceable agreement of each party thereto" as it relates to the Company. In response to the Staff's comment, we have revised Exhibit 5.2 and filed it with the Registration Statement to clarify that the total offering is 12,650,000 units, inclusive of the over-allotment option. We have also revised the assumption regarding the Warrant Agreement as it relates to the Company. 2. The Trust Agreement, filed as Exhibit 10.2 states "counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially, concurrently with your transfer of funds." Nasdaq Listing Rule IM-5101-2(a) states that "[a]t least 90% of the gross proceeds . . . must be deposited in a trust account maintained by an independent trustee." It is unclear how the release of funds earlier than the consummation of the initial business combination would comport with this listing standard. We also note that the disclosure is inconsistent with the disclosure in the prospectus, which states proceeds will not be released until "the completion of our initial business combination." Please reconcile the disclosure and advise how this is consistent with the Nasdaq Listing Rule. In response to the Staff's comment, we have revised the Form of the Investment Management Trust Agreement and filed it as Exhibit 10.2 to the Registration Statement. The revision clarifies that the funds will be transferred after written notification by counsel that the initial business combination has been consummated, ensuring the disclosure is consistent with the prospectus and the applicable Nasdaq listing rule. General 3. We note you discuss in detail the risks of most of your executive officers and directors being located in Hong Kong, or having ties to the PRC and/or Hong Kong. Please similarly revise your disclosures throughout the prospectus to address the material risks and uncertainties due to your co-sponsors being located in Hong Kong. Your revised disclosures should also address the current risks and uncertainties as opposed to those associated with Company's post-combination operations. In response to the Staff's comment, we have revised the Registration Statement on the cover page and pages 14, 15, 46, 78, 117, 118, and 145 to include the co-sponsors in the current material risks and uncertainties the Company may face due to our co-sponsors being located in Hong Kong. The Company kindly calls to the Staff's attention the associated disclosure on the cover page and pages 46, 78, and 79 regarding the current risks and uncertainties. We address such current risks and uncertainties, which include the Chinese government potentially: i) intervening or influencing our operations at any time through our co-sponsors, directors, and officers who have ties in China; ii) exerting oversight and discretion over the conduct of our and our directors' and officers' search for a target company; 2 iii) adopting new policies, regulations, and rules, and enforcing them in a manner that could significantly impact our ability to operate and may limit or completely undermine our ability to search for a target company; iv) exerting more oversight and control over us specifically due to some of our affairs being conducted overseas with foreign investment in China-based issuers; v) initiating various regulatory actions and making public statements-some issued with little advance notice-including cracking down on illegal activities in the securities market, enhancing supervision over China-based companies listed overseas, adopting new measures to extend the scope of cybersecurity reviews, and expanding anti-monopoly enforcement efforts; vi) causing us, due to our co-sponsors and certain of our executive officers and directors having ties to Hong Kong and/or the PRC, to be a less attractive partner to non-PRC or non-Hong Kong-based target companies as compared to other special purpose acquisition companies that do not have such ties, thereby potentially limiting the pool of acquisition candidates and making it more likely for us to consummate a business combination with a target company located in the PRC or Hong Kong; vii) determining that we are required to obtain approvals from PRC government authorities, including the CSRC, the Cyberspace Administration of China, or any other government entity, to issue our securities in connection with this offering, despite our belief that such approvals are not currently required, which could lead to significant regulatory actions, including fines, confiscation of income, revocation of licenses, restrictions on operations, or prohibitions on the use of offering proceeds; and viii) exerting significant authority to influence the ability of a China-based company to conduct its business, make or accept foreign investments, or list on a U.S. stock exchange. Respectfully, we believe the above disclosure addresses the current risks and uncertainties the Company faces as a result of the Company and its co-sponsors, directors, and officers being located in, or having ties to, Hong Kong and/or China. 4. Please revise the signatures to include the signature of your principal financial officer, controller or principal accounting officer and by at least a majority of the board of directors or persons performing similar functions. See Instruction 1 to Signatures to Form S-1. The Company respectfully advises the Staff that the signatures have been revised to include the signature of our Chief Financial Officer, our principal financial officer, and by a majority of our board of directors, in compliance with Instruction 1 to Signatures to Form S-1. 5. We note the disclosure on page 38 and elsewhere in the prospectus that "pursuant to the letter agreement, our co-sponsors, officers and directors have agreed to vote their founder shares and any public shares purchased during or after this offering in favor of our initial business combination (except that any public shares such parties may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act would not be voted in favor of approving the proposed business combination)." Please reconcile with the letter agreement filed as Exhibit 10.1, which only states that such individuals have agreed to vote any ordinary shares owned by such persons in favor of any proposed business combination. In response to the Staff's comment, we have revised the Registration Statement on pages 25, 28, 30, 38, 52, 153, 176, 188, and 189. Additionally, we have revised the Form of Letter Agreement and filed it as Exhibit 10.1 to the Registration Statement. In both instances, we have clarified that, in such case, our co-sponsors, officers, and directors have agreed to vote any ordinary shares owned by them, including founder shares, private placement shares, and any public shares purchased during or after this offering, in favor of our initial business combination (except that any public shares such parties may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act would not be voted in favor of approving the proposed business combination). Please do not hesitate to contact R. William Burns at (713) 860-7352 or Chris Centrich at (713) 860-7309 if you require additional information with respect to any of the foregoing. Thank you. Sincerely, /s/ R. William Burns R. William Burns cc: Chris Centrich, Paul Hastings LLP 3
2025-08-11 - UPLOAD - Chenghe Acquisition III Co. File: 377-07705
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> August 11, 2025 Shibin Wang Chief Executive Officer Chenghe Acquisition III Co. 38 Beach Road #29-11 South Beach Tower, Singapore, 189767 Re: Chenghe Acquisition III Co. Amendment No.1 to Registration Statement on Form S-1 Filed July 28, 2025 File No. 333-288524 Dear Shibin Wang: We have reviewed your amended registration statement and have the following comments. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Unless we note otherwise, any references to prior comments are to comments in our July 14, 2025 letter. Amendment No.1 to Registration Statement on Form S-1 filed July 28, 2025 Exhibits 1. We note the statement in Exhibit 5.2 that the opinion relates to the "proposed underwritten public offering of up to 11,000,000 units of the Company (the Units ) (which includes up to 1,650,000 Units that may be issued and sold pursuant to the exercise of an over-allotment option described in the Registration Statement)." Please reconcile with the registration statement, which reflects the over-allotment of 1.65 million units as being in addition to the 11 million units. Please also revise the assumption that "the Warrant Agreement to be entered into in connection with the Warrants ... is a valid, binding and enforceable agreement of each party thereto" as it relates to the Company. August 11, 2025 Page 2 2. The Trust Agreement, filed as Exhibit 10.2 states "counsel for the Company shall deliver to you written notification that the Business Combination has been consummated, or will be consummated substantially, concurrently with your transfer of funds." Nasdaq Listing Rule IM-5101-2(a) states that [a]t least 90% of the gross proceeds . . . must be deposited in a trust account maintained by an independent trustee. It is unclear how the release of funds earlier than the consummation of the initial business combination would comport with this listing standard. We also note that the disclosure is inconsistent with the disclosure in the prospectus, which states proceeds will not be released until "the completion of our initial business combination." Please reconcile the disclosure and advise how this is consistent with the Nasdaq Listing Rule. General 3. We note you discuss in detail the risks of most of your executive officers and directors being located in Hong Kong, or having ties to the PRC and/or Hong Kong. Please similarly revise your disclosures throughout the prospectus to address the material risks and uncertainties due to your co-sponsors being located in Hong Kong. Your revised disclosures should also address the current risks and uncertainties as opposed to those associated with Company's post-combination operations. 4. Please revise the signatures to include the signature of your principal financial officer, controller or principal accounting officer and by at least a majority of the board of directors or persons performing similar functions. See Instruction 1 to Signatures to Form S-1. 5. We note the disclosure on page 38 and elsewhere in the prospectus that "pursuant to the letter agreement, our co-sponsors, officers and directors have agreed to vote their founder shares and any public shares purchased during or after this offering in favor of our initial business combination (except that any public shares such parties may purchase in compliance with the requirements of Rule 14e-5 under the Exchange Act would not be voted in favor of approving the proposed business combination)." Please reconcile with the letter agreement filed as Exhibit 10.1, which only states that such individuals have agreed to vote any ordinary shares owned by such persons in favor of any proposed business combination. Please contact Frank Knapp at 202-551-3805 or Isaac Esquivel at 202-551-3395 if you have questions regarding comments on the financial statements and related matters. Please contact Pearlyne Paulemon at 202-551-8714 or Pam Howell at 202-551-3357 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Chris E. Centrich </TEXT> </DOCUMENT>
2025-07-25 - CORRESP - Chenghe Acquisition III Co.
CORRESP 1 filename1.htm July 25, 2025 United States Securities and Exchange Commission Division of Corporation Finance Office of Real Estate and Construction 100 F Street, N.E. Washington, D.C. 20549 Attn: Fred Knapp Isaac Esquivel Pearlyne Paulemon Pam Howell Re: Chenghe Acquisition III Co. Registration Statement on Form S-1 July 3, 2025 File No. 333-288524 Ladies and Gentlemen: On behalf of our client, Chenghe Acquisition III Co., a company incorporated under the laws of the Cayman Islands (the " Company " or " we "), we submit to the staff of the Division of Corporation Finance (the " Staff ") of the United States Securities and Exchange Commission (the " Commission ") the Company's response to the comments contained in the Staff's letter, dated July 14, 2025 (the " Comment Letter "), with respect to the above-referenced Registration Statement on Form S-1 submitted on July 3, 2025. Concurrently with the submission of this letter, the Company has filed via EDGAR Amendment No. 1 to the Registration Statement on Form S-1 (the " Registration Statement "), which reflects the Company's responses to the comments received from the Staff and certain other updated information. For ease of reference, each comment contained in the Comment Letter is printed below in bold and is followed by the Company's response. All page references in the responses set forth below refer to the page numbers in the Registration Statement. All capitalized terms used but not defined in this response letter have the meanings ascribed to such terms in the Registration Statement. Registration Statement on Form S-1 filed July 3, 2025 Cover Page 1. We acknowledge your response to prior comment 1. We note that your co-sponsors and most of your executive officers and directors are located in or have significant ties to China. Please revise here and relevant sections throughout the prospectus to clarify whether the co-sponsors are located in China, including Hong Kong. In response to the Staff's comment, we have revised the cover page and pages 1, 26, 27, 33, and 180 of the Registration Statement. 2. We note that the founders shares after this offering will account for 25% of the total outstanding ordinary shares. Please reconcile the disclosure on page 106, which continues to refer to the percentage ownership after this offering at 20%. In addition, we note references throughout the prospectus to the total amount held by the initial shareholders after this offering at 26%. Please reconcile with the principal shareholders table on page 177, which reflects total ownership after this offering at 27.8%. In response to the Staff's comments, we have revised the cover page and pages 107 and 178 of the Registration Statement. Dilution, page 48 3. We acknowledge your response to prior comment 9. We note the narrative outside the table on page 49 states that for purposes of presenting the maximum redemptions scenario, you have reduced your NTBV after this offering by $110 million because holders of up to 100% of the public shares may exercise their redemption rights. Please reconcile with the dilution table, which reflects the limitation under your amended and restated memorandum and articles of association that will prohibit redemptions in an amount that would cause your net tangible assets, after payment of the deferred underwriting commissions, to be less than $5,000,001. The Company respectfully advises the Staff that it has removed from its amended and restated memorandum and articles of association the prohibition against redemptions in an amount that would cause its net tangible assets to be less than $5,000,0001 and has revised the Registration Statement on the cover page and pages 40, 49 , 50, 53, 68, 152 153, 154, 155, 158, and 200 accordingly. 2 Risk Factors We may approve an amendment or waiver of the letter agreement . . ., page 101 4. Please revise to clarify whether the letter agreement contains restrictions on the transfer of membership interests, as indirect transfers of your securities, which is suggested in the current disclosure. If the Sponsor, its affiliates, and promoters can indirectly transfer your securities, including through the transfer of Sponsor membership interests, please disclose the circumstances or arrangements under which such transfer can be made. Please see Item 1603(a)(6) of Regulation SK. The Company respectfully advises the Staff that while non-managing members will not be a direct party to the letter agreement, as a result of their ownership of membership interests in Delaware Sponsor, they will be bound by the restrictions set forth with respect to their allocated founder shares, the private placement units and securities underlying the private placement units. The Company has added corresponding clarifying disclosure on pages 1, 7, 8, 102, 103, 138, and 182. The Company notes that the letter agreement prohibits indirect transfers of the founder shares, which would include a transfer of membership interests in the sponsor. The definition of "Transfer" in paragraph 11 of the letter agreement prohibits transfers "directly or indirectly." Certain Relationships and Related Party Transactions, page 182 5. We note the disclosure added about the activities that may be provided by CBC Securities in the future. Please revise to provide the disclosure required by Item 404 of Regulation S-K for the services being provided in connection with this offering. In response to the Staff's comment, we have revised the Registration Statement on page 184 . Underwriting, page 216 6. Please tell us whether CBC Securities plans to make a market in the securities. If so, amend the registration statement to register the market-making activities. The Company respectfully advises the Staff that CBC Securities does not plan to make a market in the securities. 3 Please do not hesitate to contact R. William Burns at (713) 860-7352 or Chris Centrich at (713) 860-7309 if you require additional information with respect to any of the foregoing. Thank you. Sincerely, /s/ R. William Burns R. William Burns cc: Chris Centrich, Paul Hastings LLP 4
2025-07-14 - UPLOAD - Chenghe Acquisition III Co. File: 377-07705
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> July 14, 2025 Shibin Wang Chief Executive Officer Chenghe Acquisition III Co. 38 Beach Road #29-11 South Beach Tower, Singapore, 189767 Re: Chenghe Acquisition III Co. Registration Statement on Form S-1 Filed July 3, 2025 File No. 333-288524 Dear Shibin Wang: We have reviewed your registration statement and have the following comments. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe a comment applies to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to this letter, we may have additional comments. Registration Statement on Form S-1 filed July 3, 2025 Cover Page 1. We acknowledge your response to prior comment 1. We note that your co-sponsors and most of your executive officers and directors are located in or have significant ties to China. Please revise here and relevant sections throughout the prospectus to clarify whether the co-sponsors are located in China, including Hong Kong. 2. We note that the founders shares after this offering will account for 25% of the total outstanding ordinary shares. Please reconcile the disclosure on page 106, which continues to refer to the percentage ownership after this offering at 20%. In addition, we note references throughout the prospectus to the total amount held by the initial shareholders after this offering at 26%. Please reconcile with the principal shareholders table on page 177, which reflects total ownership after this offering at 27.8%. July 14, 2025 Page 2 Dilution, page 48 3. We acknowledge your response to prior comment 9. We note the narrative outside the table on page 49 states that for purposes of presenting the maximum redemptions scenario, you have reduced your NTBV after this offering by $110 million because holders of up to 100% of the public shares may exercise their redemption rights. Please reconcile with the dilution table, which reflects the limitation under your amended and restated memorandum and articles of association that will prohibit redemptions in an amount that would cause your net tangible assets, after payment of the deferred underwriting commissions, to be less than $5,000,001. Risk Factors We may approve an amendment or waiver of the letter agreement . . ., page 101 4. Please revise to clarify whether the letter agreement contains restrictions on the transfer of membership interests, as indirect transfers of your securities, which is suggested in the current disclosure. If the Sponsor, its affiliates, and promoters can indirectly transfer your securities, including through the transfer of Sponsor membership interests, please disclose the circumstances or arrangements under which such transfer can be made. Please see Item 1603(a)(6) of Regulation S- K. Certain Relationships and Related Party Transactions, page 182 5. We note the disclosure added about the activities that may be provided by CBC Securities in the future. Please revise to provide the disclosure required by Item 404 of Regulation S-K for the services being provided in connection with this offering. Underwriting , page 216 6. Please tell us whether CBC Securities plans to make a market in the securities. If so, amend the registration statement to register the market-making activities. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. July 14, 2025 Page 3 Please contact Frank Knapp at 202-551-3805 or Isaac Esquivel at 202-551-3395 if you have questions regarding comments on the financial statements and related matters. Please contact Pearlyne Paulemon at 202-551-8714 or Pam Howell at 202-551-3357 with any other questions. Sincerely, Division of Corporation Finance Office of Real Estate & Construction cc: Chris E. Centrich </TEXT> </DOCUMENT>
2025-07-03 - CORRESP - Chenghe Acquisition III Co.
CORRESP 1 filename1.htm July 3, 2025 United States Securities and Exchange Commission Division of Corporation Finance Office of Real Estate and Construction 100 F Street, N.E. Washington, D.C. 20549 Attn: Frank Knapp Isaac Esquivel Pearlyne Paulemon Pam Howell Re: Chenghe Acquisition III Co. Response to Staff’s Comments to Draft Registration Statement on Form S-1 Submitted January 31, 2025 CIK No. 0002047177 Ladies and Gentlemen: On behalf of our client, Chenghe Acquisition III Co., a company incorporated under the laws of the Cayman Islands (the “ Company ”), we submit to the staff of the Division of Corporation Finance (the “ Staff ”) of the United States Securities and Exchange Commission (the “ Commission ”) the Company’s response to the comments contained in the Staff’s letter, dated February 27, 2025 (the “ Comment Letter ”), with respect to the above-referenced Draft Registration Statement on Form S-1 submitted on January 31, 2025. Concurrently with the submission of this letter, the Company has filed via EDGAR a Registration Statement on Form S-1 (the “ Registration Statement ”), which reflects the Company’s responses to the comments received from the Staff and certain other updated information. For ease of reference, each comment contained in the Comment Letter is printed below in bold and is followed by the Company’s response. All page references in the responses set forth below refer to the page numbers in the Registration Statement. All capitalized terms used but not defined in this response letter have the meanings ascribed to such terms in the Registration Statement. Draft Registration Statement on Form S-1 submitted January 31, 2025 Cover Page 1. We note that your sponsor and certain of your executive officers and directors are located in or have significant ties to China. Please revise here and relevant sections throughout the prospectus to identify each officer and director located in China, including Hong Kong and clarify whether the Sponsor is located in China, including Hong Kong. In response to the Staff’s comment, we have revised the cover page and pages 4, 14, 77, 78, 116, 117, 133 and 143 of the Registration Statement. 2. We note potential conflicts of interest disclosure on the cover page. Please clearly state that there may be actual or potential material conflicts of interest between the sponsor, its affiliates, or promoters; and purchasers in the offering. Please also revise your cross-references to include cross-references to all related disclosures in the prospectus. See Item 1602(a)(5) of Regulation S-K. In response to the Staff’s comment, we have revised the cover page of the Registration Statement. 3. Please revise the disclosure on the cover page to clearly state that the class B ordinary shares will have the right to vote on the election of directors prior to the initial business combination. Please also reconcile this disclosure with the disclosure on page 177 that “Holders of Class A ordinary shares and holders of Class B ordinary shares will vote together as a single class on all matters submitted to a vote of our shareholders except as required by law.” In response to the Staff’s comment, we have revised the cover page and pages 27, 178, 185 and 188 of the Registration Statement. Our Company and Co-Sponsors, page 2 4. We note disclosure beginning on page 38 regarding payments that may be made to insiders, including your sponsor, officers, directors and their affiliates. Please revise your compensation tables on page 4 and 129 to reference the potential payments that may be made to your sponsor, its affiliates or promoters of any fees for their services rendered prior to or in connection with the completion of the initial business combination. Please also disclose the anti-dilution adjustment of the founder shares in the table. See Items 1602(b)(6) and 1603(a)(6) of Regulation S-K. In response to the Staff’s comment, we have revised the Registration Statement on pages 5 and 134. 2 Anticipated expenses and funding sources, page 30 5. Please revise this section or include a new section within the Summary under an appropriate subcaption to provide a more comprehensive discussion regarding whether you have any plans to seek additional financing and how such financings may impact unaffiliated security holders, as required by Item1602(b)(5) of Regulation S-K. In this regard, we note your disclosures that you intend to target businesses with enterprise values that are greater than you could acquire with the net proceeds of this offering and the sale of the private placement units, as stated on page 65 and we note the potential to conduct a PIPE transaction or issue notes or other debt securities in connection with the initial business combination, as referenced on pages 62, 65, and 97. In response to the Staff’s comment, we have revised the Registration Statement on page 33 to add a new section captioned “Possible need for additional financing.” We have also added a section on pages 13 and 143 under the caption “Potential Additional Financing” in response to the Staff’s comment. Ability to extend time to complete initial business combination, page 31 6. Please disclose your plans if you do not consummate a de-SPAC transaction within 24 months, including whether you expect to extend the time period, whether there are any limitations on the number of extensions, including the number of times, and the consequences to the SPAC sponsor of not completing an extension of this time period. See Item 1602(b)(4) of Regulation S-K. In response to the Staff’s comment and to reflect an update to the amount of time allotted for completion of the initial business combination, we have revised the cover page and pages 1, 15, 33, 34, 56, 63, 121, 128, 130, 145, 159 and 172 of the Registration Statement. Permissions and Approvals from Chinese Authorities, page 43 7. We note the disclosure that you believe you are not required to obtain permissions or approvals from any PRC government authorities. Please revise to disclose whether your officers and directors are required to obtain such permissions or approvals from PRC government authorities to search for a target company. In response to the Staff’s comment, we have revised the cover page and pages 46, 78 and 85 of the Registration Statement to state that our officers and directors do not need such permissions or approvals. 3 Dilution, page 45 8. We note that one of your calculations assumptions is that no ordinary shares and convertible equity or debt securities are issued in connection with additional financing in connection with an initial business combination. Please expand your disclosure to highlight that you may need to do so as you intend to target an initial business combination with a target company whose enterprise value is greater than you could acquire with the net proceeds of the offering and the sale of private placement units, as stated on page 65 of your prospectus. In response to the Staff’s comment, we have revised the Registration Statement on page 48. 9. We note the narrative outside the table on page 46 states that for purposes of presenting the maximum redemptions scenario, you have reduced your NTBV after this offering by $150 million because holders of up to 100% of the public shares may exercise their redemption rights. Please reconcile with the dilution table, which reflects the limitation under your amended and restated memorandum and articles of association that will prohibit redemptions in an amount that would cause your net tangible assets, after payment of the deferred underwriting commissions, to be less than $5,000,001. Similarly reconcile the Maximum Redemptions header on the prospectus cover page. In response to the Staff’s comment, we have revised the cover page and page 49 of the Registration Statement. Risk Factors, page 48 10. We note the disclosure on page 5 that in order to facilitate your initial business combination your sponsor may surrender or forfeit, transfer or exchange your founder shares, private placement units or any of your other securities, including for no consideration, as well as subject any such securities to earn-outs or other restrictions, or otherwise amend the terms of any such securities or enter into any other arrangements with respect to any such securities. Please add risk factor disclosure about risks that may arise from the sponsors having the ability to remove itself as your sponsor before identifying a business combination, including through the unconditional ability to transfer the founder shares or otherwise. In response to the Staff’s comment, we have revised the Registration Statement on page 101. 4 If we seek shareholder approval of our initial business combination ..., page 53 11. We note the disclosure in this risk factor that permitted purchases of public shares by the sponsor, initial shareholders, directors, officers, advisors or their affiliates would not be voted in favor of the initial business combination. Please reconcile with the disclosure on page 34 that pursuant to the letter agreement, your sponsor, officers and directors have agreed to vote any founder shares they hold and any public shares purchased during or after this offering (including in open market and privately- negotiated transactions) in favor of your initial business combination. Please disclose how such purchases would comply with the requirements of Rule 14e-5 under the Exchange Act. Refer to Tender Offer Rules and Schedules Compliance and Disclosure Interpretation 166.01 for guidance. In response to the Staff’s comment, we have revised the Registration Statement on pages 27, 37, 151, 175 and 187. If we are deemed to be an investment company . . ., page 59 12. We note statements such as “[b]y restricting the investment of proceeds to these instruments” you intend to avoid being deemed an investment company, and that you do not believe your anticipated principal activities will subject you to the Investment Company Act under the applicable laws and regulations. These statements suggest that by investing funds in U.S. government securities or money market funds meeting the conditions of Rule 2a-7 of the Investment Company Act, you will avoid being deemed to be an investment company. Please revise to clarify that you may be deemed to be an investment company at any time, notwithstanding your investment in these securities. Please also confirm that if your facts and circumstances change over time, you will update your disclosure to reflect how those changes impact the risk that you may be considered to be operating as an unregistered investment company. In response to the Staff’s comment, we have revised the Registration Statement on page 63. If any facts and circumstances relating to our activities change over time, we will update our disclosure to reflect how those changes impact the risk that we may be considered to be operating as an unregistered investment company. Our warrant agreement will designate the courts . . ., page 105 13. We note this provision applies to federal securities law claims. As the provision applies to Securities Act claims, please also state that investors cannot waive compliance with the federal securities laws and the rules and regulations thereunder. In that regard, we note that Section 22 of the Securities Act creates concurrent jurisdiction for federal and state courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder. In response to the Staff’s comment, we have revised the Registration Statement on pages 110 and 193. 5 Use of Proceeds, page 115 14. We note that you have included the cost for the office space, secretarial and administrative services for only 12 months, although you have up to 24 months to complete an initial business combination. With a view toward revised disclosure in the table, please tell us why you have not included costs assuming you continue for a 24-month period and how you expect to cover those costs if not from proceeds held outside the trust. In response to the Staff’s comment and to reflect an update to the amount of time allotted for completion of the initial business combination, we have revised the Registration Statement on pages 120, 121 and 172 to reflect the cost for office space, secretarial and administrative services for 18 months. Capitalization, page 121 15. We note you disclose within the Class A ordinary share line caption 287,500 issued and outstanding shares on an “as adjusted” basis, instead of the 475,000 shares to be issued in connection with the private placement. Please revise. In response to the Staff’s comment, we have revised the Registration Statement on pages 20, 28, 48, 108, 109, 124, 125, 126, 178, 185 and 203 to update the number of shares to be issued in connection with the private placement to 375,000 shares. Our Company and Co-Sponsors, page 127 16. Please describe the general character of the Sponsor’s business, as required by Item 1603(a)(2) of Regulation S-K. In response to the Staff’s comment, we have revised the Registration Statement on pages 4 and 133 to reflect that the co-sponsors were formed to invest in the Company. 6 Please do not hesitate to contact Will Burns at (713) 860-7352 or Chris Centrich at (713) 860-7309 if you require additional information with respect to any of the foregoing. Thank you. Sincerely, /s/ R. William Burns R. William Burns cc: Chris Centrich, Paul Hastings LLP 7
2025-02-27 - UPLOAD - Chenghe Acquisition III Co. File: 377-07705
February 27, 2025
Shibin Wang
Chief Executive Officer
Chenghe Acquisition III Co.
38 Beach Road #29-11
South Beach Tower, Singapore, 189767
Re:Chenghe Acquisition III Co.
Draft Registration Statement on Form S-1
Submitted January 31, 2025
CIK No. 0002047177
Dear Shibin Wang:
We have reviewed your draft registration statement and have the following comments.
Please respond to this letter by providing the requested information and either
submitting an amended draft registration statement or publicly filing your registration
statement on EDGAR. If you do not believe a comment applies to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
After reviewing the information you provide in response to this letter and your
amended draft registration statement or filed registration statement, we may have additional
comments.
Draft Registration Statement on Form S-1 submitted January 31, 2025
Cover Page
1.We note that your sponsor and certain of your executive officers and directors are
located in or have significant ties to China. Please revise here and relevant sections
throughout the prospectus to identify each officer and director located in China,
including Hong Kong and clarify whether the Sponsor is located in China, including
Hong Kong.
2.We note potential conflicts of interest disclosure on the cover page. Please clearly
state that there may be actual or potential material conflicts of interest between the
sponsor, its affiliates, or promoters; and purchasers in the offering. Please also revise
your cross-references to include cross-references to all related disclosures in the
prospectus. See Item 1602(a)(5) of Regulation S-K.
February 27, 2025
Page 2
3.Please revise the disclosure on the cover page to clearly state that the class B ordinary
shares will have the right to vote on the election of directors prior to the initial
business combination. Please also reconcile this disclosure with the disclosure on page
177 that "Holders of Class A ordinary shares and holders of Class B ordinary shares
will vote together as a single class on all matters submitted to a vote of our
shareholders except as required by law."
Our Company and Sponsor, page 2
4.We note disclosure beginning on page 38 regarding payments that may be made to
insiders, including your sponsor, officers, directors and their affiliates. Please revise
your compensation tables on page 4 and 129 to reference the potential payments that
may be made to your sponsor, its affiliates or promoters of any fees for their services
rendered prior to or in connection with the completion of the initial business
combination. Please also disclose the anti-dilution adjustment of the founder shares in
the table. See Items 1602(b)(6) and 1603(a)(6) of Regulation S-K.
Anticipated expenses and funding sources, page 30
5.Please revise this section or include a new section within the Summary under an
appropriate subcaption to provide a more comprehensive discussion regarding
whether you have any plans to seek additional financing and how such financings may
impact unaffiliated security holders, as required by Item1602(b)(5) of Regulation S-K.
In this regard, we note your disclosures that you intend to target businesses with
enterprise values that are greater than you could acquire with the net proceeds of this
offering and the sale of the private placement units, as stated on page 65 and we note
the potential to conduct a PIPE transaction or issue notes or other debt securities in
connection with the initial business combination, as referenced on pages 62, 65, and
97.
Ability to extend time to complete initial business combination, page 31
6.Please disclose your plans if you do not consummate a de-SPAC transaction within 24
months, including whether you expect to extend the time period, whether there are
any limitations on the number of extensions, including the number of times, and the
consequences to the SPAC sponsor of not completing an extension of this time period.
See Item 1602(b)(4) of Regulation S-K.
Permissions and Approvals from Chinese Authorities, page 43
7.We note the disclosure that you believe you are not required to obtain permissions or
approvals from any PRC government authorities. Please revise to disclose whether
your officers and directors are required to obtain such permissions or approvals from
PRC government authorities to search for a target company.
February 27, 2025
Page 3
Dilution, page 45
8.We note that one of your calculations assumptions is that no ordinary shares and
convertible equity or debt securities are issued in connection with additional financing
in connection with an initial business combination. Please expand your disclosure to
highlight that you may need to do so as you intend to target an initial business
combination with a target company whose enterprise value is greater than you could
acquire with the net proceeds of the offering and the sale of private placement units,
as stated on page 65 of your prospectus.
9.We note the narrative outside the table on page 46 states that for purposes of
presenting the maximum redemptions scenario, you have reduced your NTBV after
this offering by $150 million because holders of up to 100% of the public shares may
exercise their redemption rights. Please reconcile with the dilution table, which
reflects the limitation under your amended and restated memorandum and articles of
association that will prohibit redemptions in an amount that would cause your net
tangible assets, after payment of the deferred underwriting commissions, to be less
than $5,000,001. Similarly reconcile the Maximum Redemptions header on the
prospectus cover page.
Risk Factors, page 48
10.We note the disclosure on page 5 that in order to facilitate your initial business
combination your sponsor may surrender or forfeit, transfer or exchange your founder
shares, private placement units or any of your other securities, including for no
consideration, as well as subject any such securities to earn-outs or other restrictions,
or otherwise amend the terms of any such securities or enter into any other
arrangements with respect to any such securities. Please add risk factor disclosure
about risks that may arise from the sponsors having the ability to remove itself as your
sponsor before identifying a business combination, including through the
unconditional ability to transfer the founder shares or otherwise.
If we seek shareholder approval of our initial business combination ..., page 53
11.We note the disclosure in this risk factor that permitted purchases of public shares by
the sponsor, initial shareholders, directors, officers, advisors or their affiliates would
not be voted in favor of the initial business combination. Please reconcile with the
disclosure on page 34 that pursuant to the letter agreement, your sponsor, officers and
directors have agreed to vote any founder shares they hold and any public shares
purchased during or after this offering (including in open market and privately-
negotiated transactions) in favor of your initial business combination. Please disclose
how such purchases would comply with the requirements of Rule 14e-5 under the
Exchange Act. Refer to Tender Offer Rules and Schedules Compliance and
Disclosure Interpretation 166.01 for guidance.
If we are deemed to be an investment company . . ., page 59
We note statements such as "[b]y restricting the investment of proceeds to these
instruments" you intend to avoid being deemed an investment company, and
that you do not believe your anticipated principal activities will subject you to the 12.
February 27, 2025
Page 4
Investment Company Act under the applicable laws and regulations. These statements
suggest that by investing funds in U.S. government securities or money market funds
meeting the conditions of Rule 2a-7 of the Investment Company Act, you will avoid
being deemed to be an investment company. Please revise to clarify that you may be
deemed to be an investment company at any time, notwithstanding your investment in
these securities. Please also confirm that if your facts and circumstances change over
time, you will update your disclosure to reflect how those changes impact the risk that
you may be considered to be operating as an unregistered investment company.
Our warrant agreement will designate the courts . . ., page 105
13.We note this provision applies to federal securities law claims. As the provision
applies to Securities Act claims, please also state that investors cannot waive
compliance with the federal securities laws and the rules and regulations thereunder.
In that regard, we note that Section 22 of the Securities Act creates concurrent
jurisdiction for federal and state courts over all suits brought to enforce any duty or
liability created by the Securities Act or the rules and regulations thereunder.
Use of Proceeds, page 115
14.We note that you have included the cost for the office space, secretarial and
administrative services for only 12 months, although you have up to 24 months to
complete an initial business combination. With a view toward revised disclosure in
the table, please tell us why you have not included costs assuming you continue for a
24-month period and how you expect to cover those costs if not from proceeds held
outside the trust.
Capitalization, page 121
15.We note you disclose within the Class A ordinary share line caption 287,500 issued
and outstanding shares on an “as adjusted” basis, instead of the 475,000 shares to be
issued in connection with the private placement. Please revise.
Our Company and Sponsor, page 127
16.Please describe the general character of the Sponsor's business, as required by Item
1603(a)(2) of Regulation S-K.
Please contact Frank Knapp at 202-551-3805 or Isaac Esquivel at 202-551-3395 if
you have questions regarding comments on the financial statements and related
matters. Please contact Pearlyne Paulemon at 202-551-8714 or Pam Howell at 202-551-3357
with any other questions.
Sincerely,
Division of Corporation Finance
Office of Real Estate & Construction
cc:Chris E. Centrich