Miami, Florida; IRVINE, Calif., Oct. 7, 2022 (GLOBE NEWSWIRE) — via NewMediaWire — Arogo Capital Acquisition Corp. (NASDAQ: “AOGOU, AOGO, AOGOW”) (“Arogo”), a special purpose acquisition entity, announced today the filing of a registration statement, proxy statement and prospectus on Form S-4 (the “Registration Statement”) with US Securities and Exchange Commission (“SEC”).
The Registration Statement contains a preliminary proxy statement and prospectus in connection with Arogo’s previously announced proposed business combination with EON Reality, Inc., a leader in augmented and virtual reality and knowledge metaverse industrial and educational solutions (“EON Reality”). Although the Registration Statement is not yet effective and the information contained herein is subject to change, it contains important information about EON Reality and the proposed business combination with Arogo.
On April 25, 2022, Arogo entered into a merger deal with EON Reality. The merger is expected to close in the first half of 2023, subject to the approval of Arogo’s stockholders, the SEC’s effective registration statement and other customary closing conditions. Following the business combination with EON Reality, Arogo is expected to change its name to EON Reality Holdings, Inc. and its common stock and public warrants will trade on the Nasdaq under the symbols “EOXR” and “EOXRW,” respectively. The transaction values EON Reality at a pro forma enterprise value of US$655 million.
Included in the registration statement are EON Reality’s financial results for the second quarter of 2022. For EON Reality’s full financial results and related disclosures, please read the Registration Statement.
About EON Reality
EON Reality is a leader in creating augmented and virtual reality-based experiences for education and industry, as well as the renowned creators of the Knowledge Metaverse. EON Reality is over 20 years old…
