Arogo Capital Acquisition iin an amended S-1 said it will now offer 9 million units at $10 each, down from the 10 million registered in September.
A unit now consists of one share and one warrant, with whole warrants exercisable at $11.50 for a share. The initial registration listed half-warrants per unit.
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.
The SPAC has applied to list on the Nasdaq under AOGO. Read more.
