"Transaction OverviewUnder the terms of the business combination agreement, EON Reality will combine with a subsidiary of Arogo. and will become a publicly traded entity under the name “EON Reality, Inc.” EON Reality will apply to list its common stock under the symbol EOXR and its warrants, if any, under the symbol EOXRW. The transaction implies a proforma company enterprise value of approximately $655 million. The transaction is expected to provide EON Reality with approximately $101 million in cash proceeds to its balance sheet, assuming no redemptions and before the payment of transactional fees and expenses. The acquisition has been unanimously approved by the board of directors of Arogo. The business combination has also been approved by the board of directors and the majority of shareholders of EON Reality."
SEN Price at posting:
4.5¢ Sentiment: Buy Disclosure: Held
