Arogo Capital Acquisition - UNIT | 10-K: FY2024 Revenue: USD 0

Arogo Capital Reports $1.24M Net Loss for FY 2024, No Revenue Generated

Arogo Capital Acquisition Corp. reported a net loss of $1.24 million for FY 2024, with no revenue generated. The loss includes $2.07 million in formation and operating costs and a $178,000 franchise tax, partially offset by $1.01 million in investment income. The company remains a blank check corporation, focusing on identifying business combination targets, and plans to generate revenue post-combination. No future performance guidance was provided.

Arogo Capital Delays 10-K Filing, No Financial Impact Expected

Arogo Capital Acquisition Corp. (AOGO) has announced a delay in filing its Form 10-K for the fiscal year ending December 31, 2024, due to the need for additional time to gather information. The report is expected to be filed within fifteen days of the original due date, with no significant financial impact anticipated compared to the previous year. The notification was signed by CEO Suradech Taweesaengsakulthai, emphasizing ongoing compliance efforts.

Arogo Capital Acquisition Corp. Executes Business Combination Agreement with Bangkok Tellink Co., Ltd.

Arogo Capital Acquisition Corp. has entered into a business combination agreement with Bangkok Tellink Co., Ltd., valuing the transaction at $350 million. This merger aims to enhance Bangkok Tellink's access to U.S. capital markets, facilitating the rollout of advanced telecommunications and IoT solutions. The combined entity will be listed on The Nasdaq Global Market, with Bangkok Tellink's CEO, Nusttanakit Sasianon, continuing to lead. The completion of the deal is subject to regulatory approvals and shareholder consent.