WASHINGTON, D.C. – Firm securities partner Andy Tucker and associates Adam Marshall and Zalak Raval closed an initial public offering (IPO) of $103.5 million. The team represented Arogo Capital Acquisition Corp., acting as legal counsel for the company. The offering is 9 million units at an offering price of $10 per unit, with each unit consisting of one share of Class A common stock and one redeemable warrant. At the time of closing, the underwriters, EF Hutton, exercised their over-allotment option in full for an additional 1,350,000 units resulting in the aggregate gross proceeds of the offering of $103.5 million.

Arogo Capital Acquisition Corp. is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities.

EF Hutton, a division of Benchmark Investments, LLC, is a global, full-service, investment bank headquartered in New York, NY.

Tucker is a corporate and securities advisor to growing companies, particularly in the technology and government contracting sectors. He assists his clients with a broad variety of transactional support, including venture capital and private equity transactions, joint ventures, mergers and acquisitions, and public and private securities offerings.

Marshall concentrates his practice on public and private securities offerings, reporting, and compliance under the 1933 Act and the 1934 Act and general corporate matters, with a specific focus on real estate investment trusts (REITs).

Raval concentrates her practice on public and private securities offerings, reporting, and compliance under the 1933 Act and the 1934 Act and general corporate matters, with a specific focus on Special Purpose Acquisition Companies (SPACs).

View Global Financial Intelligence press release here. 

Established in 1897, Nelson Mullins is an Am Law 100 firm that has more than 850 attorneys and government relations professionals with offices in 11 states and Washington, D.C. For more information on the firm, go to www.nelsonmullins.com.