Arogo Capital Acquisition Corp. (NASDAQ: AOGOU) is a special purpose acquisition company formed under the laws of the State of Delaware. As a blank‐check vehicle, the company’s primary objective is to effect a merger, stock exchange, asset acquisition or similar business combination with one or more operating businesses. Arogo Capital Acquisition Corp. does not engage in any commercial operations of its own and its management team focuses on identifying a target with strong growth potential and a differentiated business model.
The company completed its initial public offering in December 2021, raising capital through units priced at $10.00 each. Arogo Capital Acquisition Corp. is sponsored by Arogo Capital, an asset manager specializing in alternative credit and direct lending strategies. The sponsor brings experience in structuring financing solutions, private credit investing and strategic advisory work, drawing on a team of professionals with backgrounds in investment banking, private equity and credit markets.
Arogo Capital Acquisition Corp. intends to pursue a business combination within the alternative finance and fintech sectors, with an emphasis on companies that offer technology‐driven financial services, specialty lending platforms or other credit‐oriented businesses. The company’s strategy is designed to leverage its sponsor’s expertise in credit underwriting and capital markets to support the growth and operational development of its eventual partner.
As a non‐operating public shell, Arogo Capital Acquisition Corp. has a prescribed timeframe—typically 24 months from its IPO—to complete a qualifying transaction. Until a business combination is consummated, the company’s funds are held in a trust account, and it maintains a minimal administrative staff responsible for legal, accounting and compliance functions.
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