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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 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. Strategic Rationale 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. Management Commentary “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.” “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.” Next Steps 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. About 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 www.arogocapital.com . About Bangkok Tellink Co., Ltd 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. Additional Information and Where to Find It 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. Forward-Looking Statements 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. No Offer or Solicitation 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. Participants in Solicitation 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. Contacts: For Arogo Capital Acquisition Corp.: Nisachon Rattanamee nisachon@arogocapital.com For Bangkok Tellink Company Limited: Daniel Fong daniel@s1winconsultant.comAP Business SummaryBrief at 6:41 p.m. EST
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Las Palmas Fabio Silva (right) celebrates after scoring the winning goal against Barcelona. BARCELONA - LaLiga leaders Barcelona’s 125th anniversary celebrations were spoiled by Las Palmas who claimed a shock 2-1 victory on Nov 30, after Fabio Silva scored the winner to extend the hosts’ winless league run to three games. In a game dominated by Barca, who had 70 per cent of possession and peppered the goal with almost 30 shots, it was Las Palmas who made their few chances count to claim a famous triumph. Barca remain on 34 points and lead second-placed Real Madrid by four but their rivals now have two games in hand, while the victory moved Las Palmas up to 14th place on 15 points. “I think when we don’t score the goals, the team struggles a little bit and this is what we have to change,” Barcelona coach Hansi Flick said. “... if we don’t score a goal, then maybe it’s possible for us to keep a clean sheet. So we have to defend better as a team, not only the last four or the defensive players, but the whole team and we can do it better.” Las Palmas constantly found space in Barca’s box in the opening stages of the first half at Estadi Olimpic Lluis Companys but could not find the breakthrough despite creating a couple of chances that led to some goalmouth action. Barcelona also lost full back Alejandro Balde to injury in the first half, with the 21-year-old taken off on a golf cart. The Catalans struggled to find a way past the Las Palmas defence although on the stroke of halftime Raphinha made a counter-attacking run but saw his shot come off the crossbar. Las Palmas struck the opening goal early in the second half when a sublime passing move that started with goalkeeper Jasper Cillessen finished when another former Barca player Sandro Ramirez scored from the edge of the box. Raphinha equaliser However, second-half substitutions, including the introduction of newly-crowned Golden Boy Lamine Yamal, helped Barca dominate and they equalised just after the hour when Pedri found Raphinha in a pocket of space near the edge of the box. The quick-footed Brazil winger turned and fired a low, left-foot shot past Cillessen to make it 1-1 for his ninth league goal of the season. Las Palmas were not deterred, though, and took the lead once more when Wolverhampton Wanderers loanee Silva broke through the offside trap to latch onto a pass from Javi Munoz and pulled the trigger to beat keeper Inaki Pena. Barcelona’s Brazilian forward Raphinha scored the equaliser, but Las Palmas were not deterred. PHOTO: AFP The home side pushed to equalise again and Raphinha saw his free kick tipped over by Cillessen. LaLiga top scorer Robert Lewandowski also had two opportunities to level late in added time but saw a glancing header go wide before his shot was blocked by the defence. “I’m very happy, it’s such a big win for us, we worked so hard and we suffered a lot. It’s three important points,” Las Palmas midfielder Alberto Moleiro said. “We stayed very compact and we didn’t leave a lot of space between the lines, that was the key. Up front, when we created chances, we made the most of them.” REUTERS Join ST's Telegram channel and get the latest breaking news delivered to you. Read 3 articles and stand to win rewards Spin the wheel now
DENVER — Amid renewed interest in the killing of JonBenet Ramsey triggered in part by a new Netflix documentary, police in Boulder, Colorado, refuted assertions this week that there is viable evidence and leads about the 1996 killing of the 6-year-old girl that they are not pursuing. JonBenet Ramsey, who competed in beauty pageants, was found dead in the basement of her family's home in the college town of Boulder the day after Christmas in 1996. Her body was found several hours after her mother called 911 to say her daughter was missing and a ransom note was left behind. The gravesite of JonBenet Ramsey is covered with flowers Jan. 8, 1997, at St. James Episcopal Cemetery in Marietta, Ga. JonBenet was bludgeoned and strangled. Her death was ruled a homicide, but nobody was ever prosecuted. The details of the crime and video footage of JonBenet competing in pageants propelled the case into one of the highest-profile mysteries in the United States. The police comments came as part of their annual update on the investigation, a month before the 28th anniversary of JonBenet's killing. Police said they released it a little earlier due to the increased attention on the case, apparently referring to the three-part Netflix series "Cold Case: Who Killed JonBenet Ramsey." In a video statement, Boulder Police Chief Steve Redfearn said the department welcomes news coverage and documentaries about the killing of JonBenet, who would have been 34 this year, as a way to generate possible new leads. He said the department is committed to solving the case but needs to be careful about what it shares about the investigation to protect a possible future prosecution. "What I can tell you though, is we have thoroughly investigated multiple people as suspects throughout the years and we continue to be open-minded about what occurred as we investigate the tips that come in to detectives," he said. The Netflix documentary focuses on the mistakes made by police and the "media circus" surrounding the case. A police officer sits in her cruiser Jan. 3, 1997, outside the home in which 6-year-old JonBenet Ramsey was found murdered Dec. 26, 1996, in Boulder, Colo. Police were widely criticized for mishandling the early investigation into her death amid speculation that her family was responsible. However, a prosecutor cleared her parents, John and Patsy Ramsey, and brother Burke in 2008 based on new DNA evidence from JonBenet's clothing that pointed to the involvement of an "unexplained third party" in her slaying. The announcement by former district attorney Mary Lacy came two years after Patsy Ramsey died of cancer. Lacy called the Ramseys "victims of this crime." John Ramsey continued to speak out for the case to be solved. In 2022, he supported an online petition asking Colorado's governor to intervene in the investigation by putting an outside agency in charge of DNA testing in the case. In the Netflix documentary, he said he advocated for several items that were not prepared for DNA testing to be tested and for other items to be retested. He said the results should be put through a genealogy database. In recent years, investigators identified suspects in unsolved cases by comparing DNA profiles from crime scenes and to DNA testing results shared online by people researching their family trees. In 2021, police said in their annual update that DNA hadn't been ruled out to help solve the case, and in 2022 noted that some evidence could be "consumed" if DNA testing is done on it. Last year, police said they convened a panel of outside experts to review the investigation to give recommendations and determine if updated technologies or forensic testing might produce new leads. In the latest update, Redfearn said that review ended but police continue to work through and evaluate a "lengthy list of recommendations" from the panel. Receive the latest in local entertainment news in your inbox weekly!None
In the wake of the landmark House v. NCAA settlement, the payment of student-athletes has gotten boatloads of attention. However, an often overlooked part of the agreement is roster limits and how that will impact teams and players. That will soon be evident, and that's why Nebraska's game against Wisconsin on Saturday won't just carry more meaning for the seniors on the roster but also the walk-ons. Javascript is required for you to be able to read premium content. Thanks for the feedback.NEW YORK - Wall Street’s main indexes closed lower on Dec 10 as investors anxiously awaited key inflation reports that could influence the Federal Reserve’s interest rate decision next week. Among the S&P 500‘s 11 major industry sectors, communication services was the biggest boost with help from a rally in shares of Google-parent Alphabet after it unveiled a new chip. The biggest drag was from technology, pressured by a sell-off in Oracle shares after the cloud computing company missed Wall Street estimates for second-quarter results. Also weighing on technology was a sell-off in chips after China announced on Dec 9 an investigation into Nvidia over suspected violations of the country’s anti-monopoly law. The probe was widely seen as retaliation against Washington’s latest curbs on the Chinese chip sector. According to preliminary data, the S&P 500 lost 16.53 points, or 0.27 per cent, to end at 6,036.32 points, while the Nasdaq Composite lost 49.45 points, or 0.25 per cent, to 19,687.24. The Dow Jones Industrial Average fell 143.46 points, or 0.32 per cent, to 44,259.60. A November reading of the Consumer Price Index, due on Dec 11, is among the last major reports ahead of the Fed’s Dec 17-18 meeting. Headline inflation is expected to have risen slightly in November to 2.7 per cent from 2.6 per cent in October. The Producer Price Index report will follow on Dec 12. “There’s a little bit of wait-and-see in the market ahead of the CPI and PPI data this week,” said Ms Mona Mahajan, head of investment strategy at Edward Jones. “Markets want to see a number that won’t be too disruptive to the Fed next week.” If the CPI comes in line with estimates, investors will expect an “all clear” for the Fed to lower rates by 25 basis points next week, she added. Traders see an 86 per cent chance for a cut next week, CME’s FedWatch Tool showed. Bets had jumped after news on Dec 6 of an uptick in unemployment along with a rebound in job growth, which had slowed in October. Noting the S&P 500‘s roughly 27 per cent gain for the year so far, Ms Lindsey Bell, chief strategist at 248 Ventures in Charlotte, North Carolina, said investors are cautious ahead of the economic data and Fed meeting. “We’re in a seasonally strong period of the year and investors are just kind of taking a breather,” said Ms Bell. Market participants will be watching out for signs that the US central bank will pause its easing cycle in January, after a host of Fed officials last week hinted at a slower pace of monetary policy easing on the back of a resilient economy. “It’s less about what the Fed does next week but what they say about the future trajectory of interest rates,” said Ms Bell. Among individual stock movers, software firm MongoDB lost ground despite raising its forecast for annual results. Shares in Walgreens Boots Alliance rallied after reports that it is in talks to sell itself to private equity firm Sycamore Partners. Alaska Airlines shares rose as it raised its fourth-quarter profit forecast, while Boeing gained ground after Reuters reported the planemaker restarted production of its 737 Max jets last week. Luxury homebuilder Toll Brothers shares fell after its quarterly results beat expectations but its current quarter forecasts disappointed. REUTERS
NextEra Energy Inc. stock underperforms Tuesday when compared to competitors
Joe Rogan claims a ‘media psy-op’ is responsible for people having a negative view of TrumpStocks closed lower as Wall Street ended a holiday-shortened week on a down note. The S&P 500 fell 1.1 percent Friday and the the Dow Jones Industrial Average lost 333 points, or 0.8 percent. The Nasdaq composite dropped 1.5 percent. The “Magnificent 7” stocks weighed on the market, led by declines in Nvidia, Tesla and Microsoft. Even with the loss, the S&P 500 had a modest gain for the week and is still headed for its second consecutive annual gain of more than 20 percent, the first time that has happened since 1997–1998. The yield on the 10-year Treasury rose slightly. On Friday: The S&P 500 fell 66.75 points, or 1.1 percent, to 5,970.84. The Dow Jones Industrial Average dropped 333.59 points, or 0.8 percent, to 49,992.21. The Nasdaq composite fell 298.33 points, or 1.5 percent, to 19,722.03. The Russell 2000 index of smaller companies dropped 35.60 points, or 1.6 percent, to 2,244.59. For the week: The S&P 500 is up 39.99 points, or 0.7 percent. The Dow is up 151.95 points, or 0.4 percent. The Nasdaq is up 149.43 points, or 0.8 percent. The Russell 2000 is up 2.22 points, or 0.1 percent. For the year: The S&P 500 is up 1,201.01 points, or 25.2 percent. The Dow is up 5,302.67, or 14.1 percent. The Nasdaq is up 4,710.68 points, or 31.4 percent. The Russell 2000 is up 217.52 points, or 10.7 percent. The views and opinions expressed are those of the authors. They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation. The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice. The Epoch Times holds no liability for the accuracy or timeliness of the information provided.
( MENAFN - Gulf Times) The Qatar International Art Festival (QIAF) wrapped up its 6th edition Saturday, with a celebration of creativity, collaboration, and cultural exchange. Organised by MAPS International WLL and hosted in collaboration with Katara – the Cultural Village, the British Council Qatar, ICOM, and Qatar Sports and Olympic Museum 3-2-1, this year's festival showcased the diversity of global artistry with the participation of more than 360 artists from 73 countries. The festival ran from November 25-30, captivating thousands of art enthusiasts and visitors who flocked to witness an exhibition featuring over 1,000 paintings and sculptures. The week-long event was marked by 14 activities, ranging from interactive art workshops to engaging panel discussions, inviting both seasoned art connoisseurs and casual visitors to immerse themselves in the vibrant world of art. The opening ceremony on November 25 featured a red carpet event attended by Katara general manager Prof Khalid bin Ibrahim al-Sulaiti as the chief guest, alongside ambassadors and representatives from over 70 nations. Dignitaries and art lovers were treated to a showcase that set the tone for the week ahead. This year's festival was distinguished by its diversity, with 16 art galleries and 22 exclusive art pavilions from every continent contributing to an inclusive dialogue that transcended geographical and cultural boundaries. Each exhibition and event harboured unique artistic expressions and perspectives, including street art, contemporary installations, and traditional crafts, fostering meaningful connections among creators and audiences alike. One of the highlights of the QIAF 2024 was the cultural evening, where attendees indulged in the rich tapestry of global traditions. The special performance by DJ Mo Ayoub from the UK, was mesmerising. This year's festival also emphasised cultural appreciation through curated city and museum tours, allowing participants to experience Doha's vibrant art scene and historical narratives first-hand. Additionally, guests were given the opportunity to partake in thrilling desert safari tours that offered a glimpse into Qatar's breathtaking landscapes. For aspiring artists, the QIAF 2024 hosted 12 art workshops and 10 dedicated masterclasses, where participants learned directly from experts in their respective fields. This hands-on approach created a nurturing environment for creativity and passion to flourish, ensuring that both seasoned practitioners and emerging talents left the festival inspired and equipped with new skills. The Artistic Fashion Show, a unique feature this year, blended art with haute couture. Designers presented visionary works that transformed the runway into a living canvas, celebrating the intersection of fashion and creative expression. As the festival drew to a close yesterday, the award and felicitation ceremony recognised the outstanding contributions of participants and valued partners. Awards were presented to individuals and groups who demonstrated exceptional skills and creativity throughout the week. Their works, reflecting the essence of cultural diversity and artistic innovation, served as a testament to the festival's mission of fostering dialogue and collaboration among artists from all backgrounds. MENAFN30112024000067011011ID1108942199 Legal Disclaimer: MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.Texas vs. Texas A&M live score, updates, highlights from 2024 college football rivalry game | Sporting NewsNone
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