SE Asia mobility-focused SPAC Arogo Capital files for $100m US IPO

SE Asia mobility-focused SPAC Arogo Capital files for $100m US IPO

REUTERS/Eric Thayer

Arogo Capital Acquisition, a blank cheque company that targets electric vehicles (EV) technology, smart mobility, and related sectors in Southeast Asia, has filed to raise up to $100 million in an initial public offering (IPO) in the US.

The special purpose acquisition company (SPAC), which is led by Suradech Taweesaengsakulthai, president and CEO of Thailand-listed firm Cho Thavee, is offering 10 million units at $10 each.

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