AROGO CAPITAL ACQ CRP UTS - AOGOU STOCK NEWS

Arogo Capital Acquisition Corp. (Nasdaq: AOGO/AOGOU/AOGOW) has received a delisting notice from Nasdaq on July 31, 2024. The company failed to comply with two listing requirements: maintaining a Market Value of Listed Securities of at least $50 million and having at least 400 total holders. Arogo has until August 7, 2024, to appeal the decision. The company has submitted a timely appeal and requested a hearing before the Nasdaq Hearing Panel, along with a $20,000 fee. This action automatically stays the suspension of Arogo's securities pending the hearing. However, there is no guarantee that Arogo will receive a favorable decision or maintain its Nasdaq listing.

Arogo Capital Acquisition Corp. received a notice from Nasdaq stating it is not compliant with the minimum Market Value of Listed Securities requirement. The company has a compliance period until July 8, 2024, to regain compliance.

Arogo Capital Acquisition Corp. (Nasdaq: AOGO/AOGOU/AOGOW) terminates merger agreement with EON Reality, Inc. and seeks alternative business combination. Press release not an offer to sell or buy securities.

Arogo Capital Acquisition Corp. has extended the date for its business combination with EON Reality, Inc. The extension provides the company with additional time to complete the transaction. Stockholders exercised their right to redeem shares, resulting in approximately $35,357,893.92 being removed from the Trust Account. The company's remaining shares of Class A common stock outstanding are 1,762,409.

Arogo Capital Acquisition Corp. (Nasdaq: AOGO/AOGOU/AOGOW) announced on March 28, 2023, that its stockholders approved an extension for completing its business combination with EON Reality, Inc. This extension moves the deadline from March 29, 2023, to December 29, 2023. At a special meeting held on March 24, 2023, shareholders directed the company to deposit $191,666 into the trust account as part of the extension payment. Following the redemption, Arogo will have approximately 5,552,745 shares outstanding. The merger with EON Reality, renowned for its augmented and virtual reality innovations, aims to enhance market opportunities and drive growth.

Arogo Capital Acquisition Corp. (NASDAQ: AOGOU) has filed a registration statement with the SEC regarding its proposed merger with EON Reality, valued at $655 million. The merger, initially agreed upon on April 25, 2022, is expected to close in the first half of 2023, pending shareholder approval and regulatory conditions. EON Reality specializes in augmented and virtual reality for education and industry, boasting over 1.8 million licenses globally. Post-merger, Arogo will be renamed EON Reality Holdings, Inc., with its stock trading under new symbols on Nasdaq.

EON Reality, Inc. is set to become a public company listed on NASDAQ post a definitive business combination with Arogo Capital Acquisition Corp. This transaction solidifies EON Reality's standing in the AR/VR training solutions sector, valuing the enterprise at approximately $655 million. The merger is expected to provide around $101 million in cash proceeds to EON Reality's balance sheet, following approval by Arogo’s stockholders and regulatory bodies. The company, founded on the principle that knowledge is a human right, has established itself as a leader in XR education.

Arogo Capital Acquisition Corp. (Nasdaq: AOGOU) announced that holders of its IPO units (10,350,000) can now trade shares of Class A common stock and warrants separately, starting February 11, 2022. The units are trading on Nasdaq under the symbol AOGOU, while the separated shares and warrants will trade under AOGO and AOGOW, respectively. This change follows an effective SEC registration statement for the offering filed on December 23, 2021. The press release includes forward-looking statements regarding the company's search for an initial business combination.