Arogo Capital Acquisition registered to offer 10 million units at $10 each. A unit consists of one share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 for a share.
Arogo’s target sectors include electric vehicles (EV) technology, smart mobility or sustainable transportation and related business ecosystem in Asia Pacific, primarily South East Asia.
The new SPAC is led by CEO and Director Suradech Taweesaengsakulthai, who is president and CEO of Cho Thavee Public Company Limited, which manufactures, sells, and services commercial vehicles with a focus on system integration for logistics systems.
E.F. Hutton is sole manager of the offering. The underwriters have an option to purchase up to an additional 1.5 million units to cover over-allotments, if any.
The SPAC has applied to list on the Nasdaq under AOGO. Read more.
