Arogo Capital Acquisition Corp. Announces Closing of Initial Public Offering and Exercise of Full Over-Allotment Option

Dec 29, 2021

Miami, FL, Dec. 29, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire --Arogo Capital Acquisition Corp. (the “Company”) announced today the closing of its initial public offering of 9,000,000 units at $10.00 per unit (the “Offering”). 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. The underwriters exercised their over-allotment option in full for an additional 1,350,000 units on December 27, 2021, which closed at the time of the closing of the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, are $103.5 million, prior to deducting underwriting discounts, commissions, and other Offering expenses.

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