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Arogo Capital Acquisition Corp. Announces Pricing of $90,000,000 Initial Public Offering

Miami, FL – (NewMediaWire) – December 23, 2021 – Arogo Capital Acquisition Corp. (the “Company”) announced today

that it priced its initial public offering of 9,000,000 units at $10.00 per

unit. The units will be listed on the Nasdaq Global Market (“Nasdaq”) and are

expected to begin trading on Monday, December 27, 2021, under the ticker symbol

“AOGOU”. Each unit consists of one share of Class A common stock and one

redeemable warrant entitling the holder thereof to purchase one share of Class

A common stock at a price of $11.50 per share. Once the securities comprising

the units begin separate trading, the shares of Class A common stock and warrants

are expected to be listed on Nasdaq under the symbols “AOGO” and “AOGOW”,

respectively.

 

The Company is a blank check company whose business purpose is to

effect a merger, capital stock exchange, asset acquisition, stock purchase,

reorganization or similar business combination with one or more businesses or

entities. The Company has not selected a business combination target and has

not, nor has anyone on its behalf, initiated any substantive discussions,

directly or indirectly, with any business combination target. The Company

intends to focus its search for a target business with operations or

prospective operations in electric vehicles (EV) technology, smart mobility or

sustainable transportation and related business ecosystems in the Asia Pacific,

primarily Southeast Asia, where the management team has extensive experience in

the information technology, transportation operations, and manufacturing

industries. The Company is led by its Chief Executive Officer, Suradech

Taweesaengsakulthai.

 

EF Hutton, division of Benchmark

Investments, LLC is acting as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option

to purchase up to an additional 1,350,000 units at the initial public offering

price to cover over-allotments, if any. The offering is expected to close on December

29, 2021, subject to customary closing conditions.

 

The offering is being made only by means of a prospectus. Copies

of the prospectus may be obtained, when available, from EF Hutton, division of

Benchmark Investments, LLC, Attn: Syndicate Department, 590 Madison Ave., 39th

Floor, New York, New York 10022, by telephone at (212) 404-7002, by fax at

(646) 861-4697, or by email at syndicate@efhuttongroup.com.

 

A registration statement on Form S-1 (File No. 333-259338) relating

to these securities has been filed with the U.S. Securities and Exchange

Commission (the “SEC”) and declared effective by the SEC on December 23, 2021. 

This press release shall not constitute an offer to sell or the solicitation of

an offer to buy any of the securities described herein, nor shall there be any

sale of these securities in any state or jurisdiction in which such an offer,

solicitation or sale would be unlawful prior to registration or qualification

under the securities laws of any such state or jurisdiction.

 

FORWARD-LOOKING STATEMENTS

 

This press release contains statements that constitute

“forward-looking statements,” including with respect to the initial public

offering and the anticipated use of the net proceeds. No assurance can be given

that the offering discussed above will be completed on the terms described, or

at all, or that the net proceeds of the offering will be used as indicated.

Forward-looking statements are subject to numerous conditions, many of which

are beyond the control of the Company, including those set forth in the Risk

Factors section of the Company’s registration statement and preliminary

prospectus for the offering filed with the SEC. Copies are available on the

SEC’s website, www.sec.gov. The Company undertakes no obligation to update

these statements for revisions or changes after the date of this release,

except as required by law.

 

Contact

 

Arogo Capital

Acquisition Corp.

848 Brickell

Avenue, Penthouse 5

Miami, FL 33131

 

Suradech

Taweesaengsakulthai

Chief

Executive Officer

suradech@cho.co.th

(786)

442-1482

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