The new SPAC 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. Arogo Capital is led by Chief Executive Officer Mr. Suradech Taweesaengsakulthai, Chief Strategy Officer Mr. Chee Han Wen, Chief Financial Officer Mr. Suthee Chivaphongse, and Chairman Nominee H.R.H. Tunku Naquiyuddin ibni Tuanku Ja’afar.
Total SPAC deal count for 2021 year-to-date is now 611. This offering is expected to close on Wednesday, December 29.
EF Hutton, division of Benchmark Investments, LLC is acting as sole book-running manager for the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with The Loev Law Firm, PC serving as Underwriter’s Counsel. Adeptus Partners LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.