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Arogo Capital Acquisition Corp. Announces Binding Letter of Intent With Bangkok Tellink Co., Ltd, a Provider of Innovative Telecommunications and IoT Solutions, in Connection With a Proposed Business Combination Transaction

Arogo Capital Acquisition Corp. Announces Binding Letter of Intent With Bangkok Tellink Co., Ltd, a Provider of Innovative Telecommunications and IoT Solutions, in Connection With a Proposed Business Combination Transaction

Arogo Capital Acquisition Corp. 宣佈與創新電信和物聯網解決方案提供商曼谷Tellink有限公司達成具有約束力的意向書,涉及擬議中的業務合併交易。
GlobeNewswire ·  12/11 05:30

MIAMI, Fla. and BANGKOK, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Arogo Capital Acquisition Corp. ("Arogo Capital") (OTC: AOGO) today announced that it has signed a binding letter of intent ("LOI") with Bangkok Tellink Co., Ltd ("Bangkok Tellink"), an emerging leader in advanced telecommunications, mobile network technology, and Internet of Things (IoT) solutions. The LOI sets forth the preliminary terms and conditions for a potential business combination that would be expected to result in Bangkok Tellink becoming a publicly traded company in the United States.

MIAMI, Fla. and BANGKOk, Dec. 10, 2024 (GLOBE NEWSWIRE) -- Arogo Capital Acquisition Corp. ("Arogo Capital") (OTC: AOGO) today announced that it has signed a binding letter of intent ("LOI") with Bangkok Tellink Co., Ltd ("Bangkok Tellink"), an emerging leader in advanced telecommunications, mobile network technology, and Internet of Things (IoT) solutions. The LOI sets forth the preliminary terms and conditions for a potential business combination that would be expected to result in Bangkok Tellink becoming a publicly traded company in the United States.

Bangkok Tellink at a Glance

Bangkok Tellink at a Glance

Established on January 24, 2019, Bangkok Tellink specializes in comprehensive mobile phone signal systems across multiple frequencies (700MHz, 850MHz, 2100MHz, 2300MHz, and 26GHz). Operating under its 'INFINITE' brand, the company provides a range of services including Smart Solutions, IoT Sim Cards, E-sim, SMPP (virtual SMS), SIP trunk (voice virtual number), and software development. Through its offerings, Bangkok Tellink seeks to deliver integrated telecommunications solutions with a goal of enhancing both professional and personal lives of its customers.

Established on January 24, 2019, Bangkok Tellink specializes in comprehensive mobile phone signal systems across multiple frequencies (700MHz, 850MHz, 2100MHz, 2300MHz, and 26GHz). Operating under its 'INFINITE' brand, the company provides a range of services including Smart Solutions, Iot Sim Cards, E-sim, SMPP (virtual SMS), SIP trunk (voice virtual number), and software development. Through its offerings, Bangkok Tellink seeks to deliver integrated telecommunications solutions with a goal of enhancing both professional and personal lives of its customers.

Bangkok Tellink's commitment to innovation, efficient operations, and strategic growth positions it as a versatile technology provider, poised to meet evolving connectivity demands and contribute to sustainable development.

Bangkok Tellink's commitment to innovation, efficient operations, and strategic growth positions it as a versatile technology provider, poised to meet evolving connectivity demands and contribute to sustainable development.

Strategic Rationale

戰略理由

The material terms of a definitive business combination agreement are subject to ongoing negotiations, but if agreement is reached and the proposed business combination is completed, it is anticipated to grant Bangkok Tellink enhanced access to U.S. capital markets. Bangkok Tellink believes that this proposed business combination could accelerate the rollout of its next-generation telecommunication technologies, foster broader geographic expansion, and provide increased financial flexibility to advance research and development efforts.

正式的業務合併協議的主要條款正在進行持續談判,但如果達成協議並完成提議的業務合併,預計將爲曼谷Tellink提供更好的進入美國資本市場的機會。曼谷Tellink相信,這項提議的業務合併將加速其下一代通信技術的推廣,促進更廣泛的地理擴展,併爲推進研發工作提供更大的財務靈活性。

Management Commentary

管理層評論

"We believe that Bangkok Tellink has demonstrated an impressive ability to innovate and deliver exceptional telecommunications and IoT solutions," said Suradech Taweesaengsakulthai, Chief Executive Officer of Arogo Capital. "The signing of this binding LOI marks an important first step in exploring a potential business combination, and we look forward to conducting further due diligence and negotiating definitive terms. We believe that Bangkok Tellink's vision, coupled with Arogo's strategic support, could create substantial long-term value for the proposed combined company's shareholders and customers worldwide."

"我們相信曼谷Tellink展示了出色的創新能力,能夠提供卓越的電信和物聯網解決方案," Arogo Capital首席執行官Suradech Taweesaengsakulthai說。"簽署這份具有約束力的意向書標誌着探索潛在業務合併的重要第一步,我們期待進行進一步的盡職調查並協商最終條款。我們相信,曼谷Tellink的願景,加上Arogo的戰略支持,可以爲提議的合併公司的股東和全球客戶創造可觀的長期價值。"

"We are excited to work with Arogo Capital and move forward with negotiation of a potential business combination," said Nusttanakit Sasianon, Founder and Chief Executive Officer of Bangkok Tellink. "Our mission is to uplift lives through cutting-edge connectivity and innovative solutions. We believe that partnering with Arogo could provide us with an opportunity to broaden our horizons, enhance our product and service offerings, and accelerate growth. We are committed to making this potential milestone a reality and continuing to build on our progress."

「我們很高興能夠與Arogo Capital合作,並繼續商談潛在的業務合併,」曼谷Tellink的創始人兼首席執行官Nusttanakit Sasianon說。「我們的使命是通過尖端連接和創新解決方案提升生活。我們相信與Arogo的合作能夠爲我們提供拓寬視野、豐富產品和服務、加速增長的機會。我們致力於將這一潛在里程碑轉變爲現實,並繼續在我們的進展上努力。」

Next Steps

後續步驟

There is no assurance that the parties will enter into a definitive agreement or ultimately consummate the proposed transaction. If and when a definitive business combination agreement is executed, further details will be provided.

雙方是否會簽署最終協議或最終完成提議的交易沒有任何保證。如果何時簽署最終的業務合併協議,將提供進一步的細節。

About Arogo Capital Acquisition Corp.

關於Arogo Capital Acquisition Corp.

Arogo Capital Acquisition Corp. is a blank check company. Arogo aims to acquire one and more businesses and assets, via a merger, capital stock exchange, asset acquisition, stock purchase, and reorganization. For more information, visit .

Arogo資本收購公司是一家空白支票公司。Arogo旨在通過合併、資本股票交換、資產收購、股票購買和重組等方式收購一個或多個業務和資產。有關更多信息,請訪問。

About Bangkok Tellink Co., Ltd

關於曼谷泰林有限公司

Bangkok Tellink Co., Ltd, established in 2019, is at the forefront of Thailand's telecommunications industry. By offering mobile network infrastructure, IoT devices, E-sim services, and software development, Bangkok Tellink provides integrated solutions that foster connectivity and productivity. Bangkok Tellink invests in innovation, operational efficiency, and sustainability to position itself as a prominent telecommunications and technology leader.

曼谷泰林有限公司成立於2019年,是泰國電信行業的先鋒。通過提供移動網絡基礎設施、物聯網設備、E-SIM服務和軟件開發,曼谷泰林提供促進連通性和生產力的綜合解決方案。曼谷泰林投資於創新、運營效率和可持續發展,以將自己定位爲重要的電信和科技領導者。

Additional Information and Where to Find It

更多信息及獲取方式

For additional information regarding the LOI and the proposed business combination, see Arogo Capital's Current Report on Form 8-K, which was filed with the U.S. Securities and Exchange Commission ("SEC") concurrently with the issuance of this press release. In connection with the proposed business combination, Arogo Capital intends to file with the SEC a Current Report on Form 8-K if and when the business combination agreement is executed, and subsequently to prepare and file a registration statement on Form S-4 (or Form F-4, as applicable, the "Registration Statement"), and after the Registration Statement is declared effective by the SEC, Arogo Capital intends to mail a definitive proxy statement/prospectus relating to the proposed transaction to its stockholders. This press release does not contain all the information that should be considered concerning the proposed business combination and is not intended to form the basis of any investment decision or any other decision in respect of the proposed business combination. Arogo Capital's stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the proposed business combination with the SEC by Arogo Capital, as these materials will contain important information about Arogo Capital and Bangkok Tellink, and the proposed business combination. When available, the definitive proxy statement/prospectus and other relevant materials for the proposed business combination will be mailed to stockholders of Arogo Capital as of a record date to be established for voting on the proposed business combination. Such stockholders will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus and other documents filed with the SEC, without charge, once available, at the SEC's website at www.sec.gov, or by directing a request to Arogo Capital Acquisition Corporation, 848 Brickell Ave, Penthouse 5, Miami, FL 33131.

有關LOI和擬議業務合併的更多信息,請參閱Arogo Capital提交給美國證券交易委員會("SEC")的當前報告8-k,該報告與本新聞稿的發佈同時提交。關於擬議的業務合併,Arogo Capital計劃在業務合併協議簽署時向SEC提交當前報告8-k,並隨後準備提交註冊聲明S-4(或適用的F-4,"註冊聲明"),並在註冊聲明獲得SEC批准後,Arogo Capital計劃向其股東郵寄與擬議交易相關的最終代理聲明/招股說明書。本新聞稿並不包含所有應考慮的關於擬議業務合併的信息,也不打算作爲任何投資決策或其他與擬議業務合併相關的決策的依據。Arogo Capital的股東和其他感興趣的人士被建議在可用時閱讀初步代理聲明/招股說明書及其修正案,以及最終的代理聲明/招股說明書和與Arogo Capital擬議業務合併有關的其他文件,因爲這些材料將包含關於Arogo Capital和曼谷Tellink及擬議業務合併的重要信息。當可用時,最終的代理聲明/招股說明書和擬議業務合併的其他相關材料將寄送給截至將設定的記錄日期的Arogo Capital股東,以便於投票關於擬議業務合併。這些股東一旦材料可用,也可以在SEC的網站www.sec.gov上免費獲取初步代理聲明/招股說明書、最終代理聲明/招股說明書及其他向SEC提交的文件,或者通過請求聯繫Arogo Capital收購公司,地址爲:848 Brickell Ave, Penthouse 5, Miami, FL 33131。

Forward-Looking Statements

前瞻性聲明

This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the "Securities Act"), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (the "Exchange Act"), that are based on beliefs and assumptions and on information currently available to Arogo Capital and Bangkok Tellink. In some cases, you can identify forward-looking statements by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements contain these words. Any statements that refer to expectations, projections or other characterizations of future events or circumstances, including that the parties will enter into a definitive business combination agreement or will subsequently consummate the proposed business combination, projections of market opportunity and market share, the capability of Bangkok Tellink's business plans including its plans to expand, the sources and uses of cash from the proposed business combination, the anticipated enterprise value of the combined company following the consummation of the business combination, any perceived benefits of Bangkok Tellink's partnerships, strategies or plans as they relate to the proposed business combination, anticipated benefits of the business combination, and expectations related to the terms and timing of the business combination are also forward-looking statements. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the management team of each of Arogo Capital and Bangkok Tellink believes that it has a reasonable basis for each forward-looking statement contained in this press release, each of Arogo Capital and Bangkok Tellink cautions you that these statements are based on assumptions made as of the date hereof and are subject to risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the ability to complete the proposed business combination due to the failure to obtain approval from Arogo Capital's stockholders or satisfy other closing conditions in any future business combination agreement, the receipt of regulatory approvals, the occurrence of any event that could give rise to the termination of a future business combination agreement, the ability to recognize the anticipated benefits of the business combination, the amount of redemption requests made by Arogo Capital's public stockholders, costs related to the proposed business combination, the risk that the business combination disrupts current plans and operations as a result of the announcement and consummation of the proposed business combination, the outcome of any potential litigation, government or regulatory proceedings and other risks and uncertainties, including those included under the heading "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in Arogo Capital's Annual Report on Form 10-K for the year ended December 31, 2023 and subsequent Forms 10-Q, in the proxy statement/prospectus relating to the proposed business combination to be filed with the SEC, and in any subsequent filings with the SEC, including the definitive proxy statement relating to the proposed business combination and other filings made by Arogo Capital with the SEC from time to time. There may be additional risks that neither Arogo Capital or Bangkok Tellink presently know or that Arogo Capital and Bangkok Tellink currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. Nothing contained herein should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. You should not place undue reliance on forward-looking statements, which speak only as of the date they are made. Neither Arogo Capital nor Bangkok Tellink undertakes any duty, and each of Arogo Capital and Bangkok Tellink express disclaim any obligations, to update or alter any projections or forward-looking statements, whether as a result of new information, future events or otherwise.

本新聞稿包含根據美國《1933年證券法》("證券法")第27A節及美國《1934年證券交易法》("交易法")第21E節修訂內容的前瞻性陳述,這些陳述基於Arogo Capital和Bangkok Tellink當前可用的信息以及信念和假設。在某些情況下,您可以通過以下詞語識別前瞻性陳述:"可能"、"將"、"能夠"、"會"、"應該"、"期望"、"打算"、"計劃"、"預期"、"相信"、"估計"、"預測"、"項目"、"潛在"、"繼續"、"進行中"、"目標"、"尋求"或這些詞的否定形式或複數形式,或其他類似表達,這些詞是預測或表明未來事件或前景,儘管並非所有前瞻性陳述都包含這些詞。任何涉及對期望、預測或對未來事件或情況的其他描述的聲明,包括各方將簽署最終商業合併協議或隨後將完成擬議商業合併的聲明,市場機會和市場份額的預測,Bangkok Tellink商業計劃的能力,包括其擴展計劃,擬議商業合併中現金的來源和用途,商業合併後合併公司的預期企業價值,Bangkok Tellink的合作伙伴關係、戰略或計劃在擬議商業合併中的感知利益,商業合併的預期效益,以及與商業合併的條款和時機相關的期望也是前瞻性陳述。這些聲明涉及風險、不確定性和其他因素,可能導致實際結果、活動水平、表現或成就與這些前瞻性陳述所表達或暗示的有所不同。儘管Arogo Capital和Bangkok Tellink的管理團隊認爲每項前瞻性陳述都有合理依據,但Arogo Capital和Bangkok Tellink提醒您,這些聲明基於截至本日期所做的假設,並受到可能導致實際結果與這些前瞻性陳述所表達或暗示的有所不同的風險、不確定性和其他因素的影響。可能導致實際結果與當前預期存在實質差異的因素包括但不限於:由於未能獲得Arogo Capital股東的批准或滿足未來商業合併協議中的其他成交條件,而完成擬議商業合併的能力,監管批准的獲得,可能導致未來商業合併協議終止的事件的發生,識別商業合併預期收益的能力,Arogo Capital公共股東提出的贖回請求數量,擬議商業合併相關的費用,商業合併的宣佈和完成導致的當前計劃和操作的中斷風險,任何潛在訴訟、政府或監管程序的結果及其他風險和不確定性,包括在Arogo Capital截至2023年12月31日的年度報告中的「風險因素」和「關於前瞻性陳述的警示說明」標題下包含的風險,以及與擬議商業合併相關的代理聲明/招股說明書,及Arogo Capital不時向SEC提交的任何後續文件,包括與擬議商業合併相關的最終代理聲明及其他由Arogo Capital不時向SEC提交的文件。可能還有其他風險,Arogo Capital或Bangkok Tellink目前不知道,或Arogo Capital和Bangkok Tellink認爲不重要的,也可能導致實際結果與前瞻性陳述所包含的結果不同。本文所包含的內容不應被視爲任何人對本文件中提出的前瞻性陳述將會實現的陳述,或這些前瞻性陳述所設想的任何結果將會實現的陳述。您不應對前瞻性陳述產生不當依賴,因爲這些聲明僅在作出時有效。Arogo Capital和Bangkok Tellink均不承擔任何義務,並且Arogo Capital和Bangkok Tellink各自明確聲明不承擔任何更新或修改任何預測或前瞻性陳述的義務,無論是由於新信息、未來事件或其他原因。

No Offer or Solicitation

無報價或招攬

This press release shall not constitute a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the proposed business combination and does not constitute an offer to sell or a solicitation of an offer to buy any securities of Arogo Capital or Bangkok Tellink, nor shall there be any sale of any such securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.

本新聞稿不構成關於任何證券或與擬議的業務合併有關的代理聲明、代理徵集或授權,也不構成對Arogo Capital或Bangkok Tellink任何證券的銷售要約或購買要約的徵集,且在任何此類要約、徵集或銷售在該州或轄區的證券法註冊或資格之前,任何此類證券的銷售都將是非法的。證券的要約僅可通過符合證券法要求的招股說明書進行。

Participants in Solicitation

徵集參與者

Arogo Capital and Bangkok Tellink, and their respective directors, executive officers, other members of management, and employees, under SEC rules, may be deemed to be participants in the solicitation of proxies of Arogo Capital's stockholders in connection with the proposed business combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of Arogo Capital's stockholders in connection with the proposed business combination will be set forth in the Registration Statement, of which the proxy statement/prospectus forms a part, when it is filed with the SEC.

Arogo Capital和Bangkok Tellink及其各自的董事、高管、其他管理成員和員工,根據SEC規則,可能被視爲在與擬議的業務合併有關的Arogo Capital股東的代理徵集中的參與者。關於根據SEC規則可能被視爲參與Arogo Capital股東代理徵集的人員的信息,將在註冊聲明中列出,該聲明的部分內容爲代理聲明/招股說明書,並將在向SEC提交時生效。

Contacts:
For Arogo Capital Acquisition Corp.:
Nisachon Rattanamee
nisachon@arogocapital.com

聯繫方式:
針對Arogo資本收購CORP:
尼斯查農·拉特納米
nisachon@arogocapital.com

For Bangkok Tellink Company Limited:
Daniel Fong
daniel@s1winconsultant.com

針對曼谷特連公司有限公司:
丹尼爾·方
daniel@s1winconsultant.com


譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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