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About Arogo Capital Acquisition Corp (AOGOW)
Arogo Capital Acquisition Corp (AOGOW) is a Special Purpose Acquisition Company (SPAC) strategically designed to identify, acquire, and bring high-growth businesses to public markets. Operating as a blank check company, Arogo Capital specializes in mergers, stock exchanges, and reorganizations, enabling emerging companies to access the financial resources and visibility of the U.S. stock market. With its expertise in navigating complex financial landscapes, Arogo serves as a vital bridge between innovative enterprises and global investors.
Core Business Model
The SPAC model employed by Arogo Capital revolves around raising capital through an initial public offering (IPO) and subsequently identifying a target company for acquisition or merger. Unlike traditional IPOs, SPACs provide a streamlined route for private companies to become publicly traded, reducing the time and regulatory hurdles typically associated with public offerings. Arogo's revenue generation is tied to the successful completion of these transactions, aligning its interests with those of its shareholders and target companies.
Industry Focus and Strategic Vision
Arogo Capital operates within the competitive SPAC landscape, targeting sectors with significant growth potential. Its recent focus on Bangkok Tellink, a telecommunications and IoT solutions provider, underscores its commitment to fostering innovation in technology-driven industries. By enabling companies like Bangkok Tellink to access U.S. capital markets, Arogo facilitates geographic expansion, accelerates technological advancements, and supports the development of next-generation solutions in connectivity and IoT.
Challenges and Differentiation
SPACs face challenges such as regulatory scrutiny, market volatility, and the need to identify high-quality acquisition targets. Arogo Capital differentiates itself through its strategic approach to due diligence, its focus on high-growth sectors, and its ability to provide target companies with the financial flexibility needed to scale operations and innovate. Its partnership with Bangkok Tellink exemplifies this strategy, showcasing its role in empowering companies to achieve sustainable growth while meeting evolving market demands.
Market Significance
Arogo Capital plays a pivotal role in the financial ecosystem by enabling transformative companies to access public markets. Its focus on industries like telecommunications and IoT positions it as a key player in driving technological progress and economic development. By aligning its interests with those of its shareholders and target companies, Arogo demonstrates a commitment to creating long-term value and fostering innovation on a global scale.
Arogo Capital Acquisition Corp. (OTC: AOGO) has signed a definitive business combination agreement with Bangkok Tellink, a Thai telecommunications company, in a transaction valued at $350 million. The combined company plans to list on the Nasdaq Global Market, with Bangkok Tellink's current CEO, Nusttanakit Sasianon, continuing to lead the organization.
Bangkok Tellink operates as a licensed Mobile Virtual Network Service Operator (MVNO) and Mobile Virtual Network Aggregator (MVNA), offering mobile services across multiple frequencies under its 'INFINITE' brand. Their services include Smart Solutions, IoT Sim Cards, eSIMs, virtual SMS, SIP trunk, and software development. The company is strategically positioned in Thailand's growing eSIM market, supporting the country's digital economy transformation.
The transaction has received unanimous approval from both companies' boards of directors and is subject to regulatory and shareholder approvals.
Arogo Capital Acquisition Corp. (OTC: AOGO) has signed a binding letter of intent (LOI) with Bangkok Tellink, a telecommunications and IoT solutions provider, for a potential business combination. The deal aims to make Bangkok Tellink a publicly traded company in the United States.
Bangkok Tellink, established in 2019, specializes in mobile phone signal systems across multiple frequencies and operates under the 'INFINITE' brand. Their services include Smart Solutions, IoT Sim Cards, E-sim, SMPP, SIP trunk, and software development.
The proposed combination would give Bangkok Tellink enhanced access to U.S. capital markets, potentially accelerating their technology rollout and geographic expansion. However, the material terms are still under negotiation, and there's no assurance the transaction will be completed.
Arogo Capital Acquisition Corp. (Nasdaq: AOGO/AOGOU/AOGOW) has received a delisting notice from Nasdaq on August 12, 2024. The company is not compliant with the Nasdaq Listing Rule 5450(b)(2)(C), which requires a minimum market value of publicly held shares of $15,000,000. Arogo has a 180-day compliance period until February 8, 2025, to regain compliance by maintaining the required market value for at least 10 consecutive business days. If unsuccessful, the company may face delisting, with an option to appeal. This notice does not immediately affect Arogo's Nasdaq listing, and the company will monitor the situation and consider available options to regain compliance.
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. (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.
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