05:38 AM EDT, 03/12/2024 (MT Newswires) -- Arogo Capital Acquisition ( AOGO ) said Monday it has been notified that it is not in compliance with the Nasdaq Stock Market's rule requiring a minimum market value of $50 million for listed securities.

The blank-check company has until July 8 to regain compliance by maintaining a minimum market value of $50 million for at least 10 consecutive business days. Failure to fulfill the obligation would result in a written notice that it is subject to delisting.

The company said it is exploring options to regain compliance.