Arogo Capital Acquisition Corp. Announces the Separate Trading of its Class A Common Stock and Warrants

Rhea-AI Summary

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.

MIAMI BEACH, FL, Feb. 10, 2022 (GLOBE NEWSWIRE) -- Arogo Capital Acquisition Corp. (Nasdaq: AOGOU) (the "Company"), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, today announced that holders of the units sold in the Company’s initial public offering of 10,350,000 units completed on December 29, 2021 may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on or about February 11, 2022. Holders of units will need to have their broker contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants. Those units not separated will continue to trade on the Nasdaq Global Market (“Nasdaq”) under the ticker symbol “AOGOU”, and the Class A common stock and warrants that are separated will trade on Nasdaq under the symbols “AOGO” and “AOGOW”, respectively.

The securities described above were offered by the Company pursuant to a registration statement on Form S-1 (File No. 333-259338) that was originally filed with the Securities and Exchange Commission (“SEC”) and declared effective by the SEC on December 23, 2021. The offering was made only by means of a prospectus, copies of which may be obtained from: EF Hutton, division of Benchmark Investments, LLC, 590 Madison Ave, 39^th Floor, New York, NY 10022, Attention: Syndicate Department, or via email at syndicate@efhuttongroup.com or telephone at (212) 404-7002, or by visiting EDGAR on the SEC’s website at www.sec.gov.

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 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 Company's initial public offering and search for an initial business combination. Forward-looking statements are statements that are not historical facts and 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 final prospectus for the Offering filed with the SEC. Copies are available on the SEC's website, www.sec.report. Such forward-looking statements are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. The Company expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein, except as required by law.

Contact

Suradech Taweesaengsakulthai
Chief Executive Officer
suradech@cho.co.th
(786) 442-1482

FAQ

What is the significance of the February 11, 2022 announcement for AOGOU?

The announcement allows holders of Arogo Capital's IPO units to trade their shares of Class A common stock and warrants separately, enhancing liquidity.

How many units were sold in Arogo Capital's initial public offering?

Arogo Capital sold 10,350,000 units in its initial public offering.

What are the new trading symbols for Arogo Capital's stock?

After separation, Class A common stock will trade under the symbol AOGO and warrants under AOGOW, while remaining units trade under AOGOU.

When was Arogo Capital's registration statement declared effective?

The registration statement was declared effective on December 23, 2021.

What does the press release say about forward-looking statements?

The press release contains forward-looking statements that are subject to risks and uncertainties, which may cause actual results to differ from expectations.