Item 8.01. Other Events
On December 29, 2021, Arogo Capital Acquisition Corp. (the "Company") completed
its initial public offering (the "Offering") of 10,350,000 units ("Units"),
including the issuance of 1,350,000 Units as a result of the underwriter's full
exercise of its over-allotment option. Each Unit consists of one share of Class
A common stock, par value $0.0001 per share ("Class A Common Stock"), and one
redeemable warrant ("Warrant"), each Warrant entitling the holder thereof to
purchase one share of Class A Common Stock at an exercise price of $11.50 per
share, subject to adjustment, pursuant to the Company's registration statement
on Form S-1 (File Nos. 333-259338). The Units were sold at an offering price of
$10.00 per Unit, generating gross proceeds of $103,500,000.
As previously reported on a Current Report on Form 8-K of the Company, on
December 29, 2021, simultaneously with the consummation of the Offering, the
Company completed a private placement of an aggregate of 466,150 units (the
"Private Placement Units") at a price of $10.00 per Private Placement Unit,
generating total gross proceeds of $4,661,500 (the "Private Placement").
A total of $105,052,500, comprised of the proceeds from the Offering and the
proceeds of the Private Placement, net of the underwriting commissions,
discounts, and offering expenses, was deposited in a trust account established
for the benefit of the Company's public stockholders. An audited balance sheet
as of December 29, 2021 reflecting receipt of the proceeds upon consummation of
the Offering and the Private Placement has been issued by the Company and is
attached hereto as Exhibit 99.1.
Item 9.01. Financial Statements and Exhibits.
(d) Exhibits.
Exhibit No. Description
99.1 Audited Balance Sheet
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