Arogo Capital’s Strategic Merger and Funding Milestones

Arogo Capital Acquisition Corp. Class A (AOGO) has shared an update.

Arogo Capital Acquisition Corp., a Delaware corporation, has entered into a business combination agreement with Ayurcann Holding Corp. and related entities, effective June 25, 2024. This strategic move will see Ayurcann Holdings become a wholly owned subsidiary of PubCo, with shareholders set to receive consideration through a merger plan. The agreement outlines a host of conditions, representations, and warranties, and includes various covenants to ensure smooth execution and future operations. Key to the merger’s success are customary closing conditions, including approvals from shareholders and regulatory bodies. The agreement also stipulates indemnification provisions and sets forth terms for PIPE Financing to secure at least $3 million in funding, contributing to the transaction’s consummation.

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