Arogo Capital extends business combination deadline to Dec 2024; ~65% of shares redeemed for $35.4M

Arogo Capital Acquisition Corp.

Stockholders approved extension of deadline from Dec 29, 2023 to Dec 29, 2024; monthly extension fee reduced to $40,000.
First $40,000 extension payment deposited into trust; up to 15 monthly extensions permitted.
Holders of 3,298,311 shares redeemed ~$35.4M at ~$10.72 per share; remaining shares: 1,762,409.
Approximately 65% of public shares were redeemed, significantly reducing trust account size.
Extension provides additional time to close proposed merger with EON Reality, Inc.

item 2.03 item 5.03 item 5.07 item 7.01 item 9.01

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.: Amended the Trust Agreement to extend the business combination period and update defined terms (effective 2023-12-29).

Effective: 2023-12-29

Exact text from the filing

allowing the Company to extend the business combination period from December 29, 2023 to December 29, 2024, and updating certain defined terms in the Trust Agreement.

View on SEC.gov

Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Arogo Capital Acquisition Corp.: Extended the business combination deadline from December 29, 2023 to December 29, 2024 and decreased the monthly extension fee (effective 2023-09-28).

Change: charter amendment
Effective: 2023-09-28

Exact text from the filing

The Company filed the Charter Amendment with the Office of the Secretary of State of Delaware on September 28, 2023

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Arogo Capital Acquisition Corp. shareholders approved Extension Amendment Proposal at the 2023-12-29 meeting.

Proposal: charter amendment
Outcome: passed
Meeting: 2023-12-29

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 December 29, 2023 to December 29, 2024, (or such earlier date as determined by the Company’s Board of Directors), and to decrease the monthly extension fee commencing on September 29, 2023, as more fully described in the proxy statement (the “ Extension Amendment Proposal ”). The final voting results for the Extension Amendment Proposal were as follows: For Against Abstain 5,893,528 1,196,669 0

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Shareholder Votes SEC 8-K Item 5.07 confidence 0.9

Arogo Capital Acquisition Corp. shareholders approved Trust Agreement Proposal at the 2023-12-29 meeting.

Outcome: passed
Meeting: 2023-12-29

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 December 29, 2023 to December 29, 2024, 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 5,893,528 1,196,669 0

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Source: SEC EDGAR

accession 0001213900-23-080308

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