Welcome to our dedicated page for AROGO CAPITAL ACQUISITION news (Ticker: AOGO), a resource for investors and traders seeking the latest updates and insights on AROGO CAPITAL ACQUISITION stock.
Arogo Capital Acquisition Corp. (AOGO) is a special purpose acquisition company focused on completing a business combination with one or more operating businesses. Its news flow primarily reflects milestones in its search for a suitable target, shareholder actions related to extensions of its business combination deadline, and developments in its listing status on major exchanges.
Recent announcements highlight Arogo’s shift in transaction focus. The company previously pursued a merger with EON Reality, Inc., but later disclosed the termination of that merger agreement. Subsequent news has centered on its engagement with Bangkok Tellink Co., Ltd., a Thai telecommunications and Internet of Things (IoT) solutions provider. Arogo first reported signing a binding letter of intent with Bangkok Tellink and later announced the execution of a definitive Business Combination Agreement for a proposed transaction valued at a specified amount.
News about AOGO also covers shareholder-approved extensions of the deadline to complete a business combination, related deposits into the company’s trust account, and amendments to its governing documents and trust agreement. In addition, Arogo has issued releases describing Nasdaq notices regarding non-compliance with listing standards, potential delisting determinations, and its decision to appeal and request a hearing to stay any suspension of its securities.
On this page, readers can follow updates on the proposed business combination with Bangkok Tellink, including planned SEC filings such as a registration statement and proxy statement/prospectus, as well as any future announcements about regulatory approvals, shareholder meetings, and listing outcomes. Investors tracking AOGO news can use this feed to monitor how these corporate and regulatory events may affect the company’s path toward completing a business combination.
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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