SCHEDULE 13G/A: Mangrove Partners IM Discloses 4.49% Stake in Arogo Capital Acquisition Corp.

Mangrove Partners IM, LLC and its principal, Nathaniel August, have filed an amended Schedule 13G, disclosing beneficial ownership of 4.49% of Arogo Capital Acquisition Corp.'s Class A Common Stock as of December 31, 2024.

Summary

• Mangrove Partners IM, LLC and Nathaniel August, its principal, jointly reported beneficial ownership of 217,523 shares of Arogo Capital Acquisition Corp.'s Class A Common Stock.
• This ownership represents 4.49% of the Class A Common Stock outstanding.
• The filing is an Amendment No. 1 to Schedule 13G, indicating a previous filing was made.
• The shares are held by Mangrove Partners Master Fund, Ltd., with Mangrove Partners IM, LLC serving as the investment manager and Nathaniel August as its principal.
• The beneficial ownership is based on 4,841,934 shares outstanding as of September 30, 2024, as reported by the Issuer in its Form 10-Q filed on December 16, 2024.
• The reporting persons certify that the securities were acquired and are held in the ordinary course of business and not for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 5

Explanation: The document is a neutral, factual disclosure of beneficial ownership, with no explicit positive or negative implications for the company's operations or financial performance. The sentiment is purely informational.

Future Outlook

NA

Management Comments

• "By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired and are held in the ordinary course of business and were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under §§ 240.14a-11."

Industry Context

This filing is a standard disclosure of beneficial ownership by an investment manager, indicating a passive investment position in a Special Purpose Acquisition Company (SPAC). It does not provide broader industry trends or competitive analysis.

Stakeholder Impact

• Shareholders: Provides transparency regarding a significant institutional holder's stake, confirming a passive investment approach.

Key Dates

Keywords

Arogo Capital Acquisition Corp., Mangrove Partners IM, Nathaniel August, Schedule 13G, Beneficial Ownership, Class A Common Stock, SEC Filing, Investment Manager, Equity Stake