SPAC - Special Purpose Acquisition Company -- text on stock market and abstract background

zimmytws/iStock via Getty Images

zimmytws/iStock via Getty Images
SPAC Arogo Capital Acquisition Corp. (AOGO) plans to merge with virtual reality experience developer EON Reality in a deal that pegs the combined company’s pro forma enterprise value at $655M.
Under the deal, Eon will get $101M in cash, assuming no redemptions. The merger is expected to close by the second half of 2022, pending Arogo shareholder approval.
The combined company’s shares are expected to trade on Nasdaq under the symbol EOXR.
EON Reality has created an SaaS-based platform called EON-XR that allows developers to create virtual and augmented reality experiences for education and industry. The platform can be used for a variety of devices including hand-held mobile units, head-mounted displays and large-scale screens.
For more SPAC news, check out SA’s SPAC News page.


Published On: April 27, 2022 / Categories: Uncategorized /

Subscribe To Receive The Latest News

Stay upto date with latest developments

Thank you for your message. It has been sent.
There was an error trying to send your message. Please try again later.

Add notice about your Privacy Policy here.