Arogo Capital Acquisition (NASDAQ: AOGOU), a special purpose acquisition corporation (“SPAC”), has entered into a definitive business combination agreement with EON Reality Inc. With its two decades of experience, EON has built a reputation for being a leader in virtual and augmented reality (“ARVR”) along with knowledge Metaverse industry and education solutions. According to the agreement, the two companies will combine to become a public company named EON Reality Inc., which will be listed on the Nasdaq market exchange. The announcement noted that EON Reality chair and CEO Dan Lejerskar will maintain his position as head of the combined company. The transaction, which reflects an implied pro-forma enterprise value at closing of an estimate $655 million, is designed to strengthen EON’s foothold in the AR/VR and knowledge Metaverse space. “EON Reality has been a driving force behind the expansion of XR technology utilization and the Knowledge Metaverse globally for two decades now,” said EON Reality chair and CEO Dan Lejerskar in the press release. “Partnering with Arogo, whose management team knows the technology industry and how to scale a company of our size, is the next step in our strategy for growth. We are targeting to reach a billion users over the coming years and thus make experiential learning a de-facto standard in knowledge transfer across the globe.”
To view the full press release, visit https://ibn.fm/1Iukl
About Arogo Capital Acquisition Corporation
Arogo Capital Acquisition is a blank check company. The company aims to acquire one and more businesses and assets via mergers, capital stock exchanges, asset acquisitions, stock purchases and reorganization. For more information about the company, visit www.ArogoCapital.com
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