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New Deal


Announced

EON Reality to go public via a SPAC merger with Arogo Capital Acquisition in a $655m deal.

Financials

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Transaction Value£513m
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

Merger

metaverse

Pending

Acquisition

De-SPAC

Private

United States

Digital Services

Majority

Friendly

Reverse Takeover

Domestic

Synopsis

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EON Reality, a developer of augmented reality and virtual reality software, agreed to go public via a SPAC merger with Arogo Capital Acquisition in a $655m deal. “Virtual and augmented reality and knowledge metaverse are among the biggest opportunities right now with immense growth potentials ahead. Amidst all the excitements and rush to enter this space, EON Reality stands out distinctly and firmly on strong foundations built over the many years with a clear purpose of making knowledge available, accessible and affordable for every person on the planet, and we are extremely delighted to be announcing this business combination to deliver lasting, positive impact,” Suradech Taweesaengsakulthai, Arogo CEO and Director.

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