MIAMI BEACH, FL, Aug. 06, 2024 (GLOBE NEWSWIRE) — Arogo Capital Acquisition Corp. (“Arogo” or the “Company”) (Nasdaq: AOGO/AOGOU/AOGOW), a special purpose acquisition company, today announced that it received a notice (the “Notice”) from the Listing Qualifications Department of the Nasdaq Stock Market LLC (“Nasdaq”) on July 31, 2024, notifying the Company has not regained compliance with Nasdaq Listing Rule 5450(b)(2)(A), requiring the Company to maintain a Market Value of Listed Securities of at least $50 million, and cited the Company’s failure to comply with Nasdaq’s Listing Rule 5450(a)(2), which requires the Company to have at least 400 total holders, as additional basis for delisting the Company’s securities from Nasdaq. The Notice provides that the Company has until 4:00 p.m. Eastern Time on August 7, 2024 (the “Appeal Deadline”), to appeal the Listing Qualification Department’s determination.
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