8-K
filed March 28, 2023, 7:59 PM ET
CIK 0001881741
other material
confidence high
sentiment negative
materiality 0.70
Arogo Capital extends business combination deadline to Dec 2023; ~$55M redeemed
Arogo Capital Acquisition Corp.
- Stockholders approved extension of the deadline from March 29, 2023 to December 29, 2023.
- Holders of 5,289,280 shares redeemed at ~$10.45/share, removing ~$55.27M from the trust account.
- Remaining Class A common shares outstanding: 5,552,745.
- Company will deposit $191,666 ($0.0345/share) for the first monthly extension to April 29, 2023.
- Extension supports previously announced business combination with EON Reality.
Key facts
Extracted from this filing and checked against the source text.
Governance Changes
SEC 8-K Item 5.03/5.05/5.06
confidence 0.9
Arogo Capital Acquisition Corp.: Extended the date by which the Company must consummate its initial Business Combination from March 29, 2023 to December 29, 2023 (effective 2023-03-28).
- Change
- charter amendment
- Effective
- 2023-03-28
Exact text from the filing
At the Meeting, the Company’s stockholders approved the Charter Amendment, which extends the date by which the Company must consummate its initial Business Combination from March 29, 2023 to December 29, 2023, subject to the approval of the Board of Directors of the Company, provided the sponsor or its designees deposit into the trust account an amount equal to $0.0345 per share for each public share or $191,666, prior to the commencement of each extension period (the “ Extension ”).
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Arogo Capital Acquisition Corp. shareholders approved Proposal to amend the Company’s Trust Agreement, allowing the Company to extend the business combination period from March 29, 2023 to December 29, 2023, and updating certain defined terms in the Trust Agreement at the 2023-03-29 meeting.
- Proposal
- merger approval
- Outcome
- passed
- Meeting
- 2023-03-29
Exact text from the filing
Also at the Meeting, the Company’s stockholders approved the proposal to amend the Company’s Trust Agreement, allowing the Company to extend the business combination period from March 29, 2023 to December 29, 2023, and updating certain defined terms in the Trust Agreement (the “ Trust Agreement Proposal ”). The final voting results for the Trust Agreement Proposal were as follows: For Against Abstain 9,989,610 0 0
View on SEC.gov
Shareholder Votes
SEC 8-K Item 5.07
confidence 0.9
Arogo Capital Acquisition Corp. shareholders approved Charter Amendment extending the date by which the Company must consummate the initial Business Combination from March 29, 2023 to December 29, 2023, (or such earlier date as determined by the Company’s Board of Directors) at the 2023-03-29 meeting.
- Proposal
- charter amendment
- Outcome
- passed
- Meeting
- 2023-03-29
Exact text from the filing
At the Meeting, the Company’s stockholders approved the Charter Amendment extending the date by which the Company must consummate the initial Business Combination from March 29, 2023 to December 29, 2023, (or such earlier date as determined by the Company’s Board of Directors) (the “ Extension Amendment Proposal ”). The final voting results for the Extension Amendment Proposal were as follows: For Against Abstain 9,989,610 0 0 1
View on SEC.gov
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