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Arogo Capital Acquisition Corp. Announces Pricing of $90,000,000 Initial Public Offering

Miami, FL – (NewMediaWire) – December 23, 2021 – Arogo Capital Acquisition Corp. (the “Company”) announced today
that it priced its initial public offering of 9,000,000 units at $10.00 per
unit. The units will be listed on the Nasdaq Global Market (“Nasdaq”) and are
expected to begin trading on Monday, December 27, 2021, under the ticker symbol
“AOGOU”. 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. Once the securities comprising
the units begin separate trading, the shares of Class A common stock and warrants
are expected to be listed on Nasdaq under the symbols “AOGO” and “AOGOW”,
respectively.

 

The Company is a blank check company whose business purpose is to
effect a merger, capital stock exchange, asset acquisition, stock purchase,
reorganization or similar business combination with one or more businesses or
entities. The Company has not selected a business combination target and has
not, nor has anyone on its behalf, initiated any substantive discussions,
directly or indirectly, with any business combination target. The Company
intends to focus its search for a target business with operations or
prospective operations in electric vehicles (EV) technology, smart mobility or
sustainable transportation and related business ecosystems in the Asia Pacific,
primarily Southeast Asia, where the management team has extensive experience in
the information technology, transportation operations, and manufacturing
industries. The Company is led by its Chief Executive Officer, Suradech
Taweesaengsakulthai.

 

EF Hutton, division of Benchmark
Investments, LLC is acting as sole book-running manager for the offering. The Company has granted the underwriters a 45-day option
to purchase up to an additional 1,350,000 units at the initial public offering
price to cover over-allotments, if any. The offering is expected to close on December
29, 2021, subject to customary closing conditions.

 

The offering is being made only by means of a prospectus. Copies
of the prospectus may be obtained, when available, from EF Hutton, division of
Benchmark Investments, LLC, Attn: Syndicate Department, 590 Madison Ave., 39th
Floor, New York, New York 10022, by telephone at (212) 404-7002, by fax at
(646) 861-4697, or by email at syndicate@efhuttongroup.com.

 

A registration statement on Form S-1 (File No. 333-259338) relating
to these securities has been filed with the U.S. Securities and Exchange
Commission (the “SEC”) and declared effective by the SEC on December 23, 2021. 
This press release shall not constitute an offer to sell or the solicitation of
an offer to buy any of the securities described herein, nor shall there be any
sale of these securities in any state or jurisdiction in which such an offer,
solicitation or sale would be unlawful prior to registration or qualification
under the securities laws of any such state or jurisdiction.

 

FORWARD-LOOKING STATEMENTS

 

This press release contains statements that constitute
“forward-looking statements,” including with respect to the initial public
offering and the anticipated use of the net proceeds. No assurance can be given
that the offering discussed above will be completed on the terms described, or
at all, or that the net proceeds of the offering will be used as indicated.
Forward-looking statements are subject to numerous conditions, many of which
are beyond the control of the Company, including those set forth in the Risk
Factors section of the Company’s registration statement and preliminary
prospectus for the offering filed with the SEC. Copies are available on the
SEC’s website, www.sec.gov. The Company undertakes no obligation to update
these statements for revisions or changes after the date of this release,
except as required by law.

 

Contact

 

Arogo Capital
Acquisition Corp.

848 Brickell
Avenue, Penthouse 5

Miami, FL 33131

 

Suradech
Taweesaengsakulthai

Chief
Executive Officer

suradech@cho.co.th

(786)
442-1482

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