Company Overview - Pono Capital Four, Inc. is a newly organized special purpose acquisition company (SPAC) formed in the Cayman Islands, primarily focusing on mergers and acquisitions in the disruptive technology sector [5]. Initial Public Offering (IPO) Details - The company announced the pricing of its initial public offering of 12,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right to receive one-fifth of one Class A ordinary share upon the closing of the initial business combination [1]. - The units are expected to trade on Nasdaq under the ticker symbol "PONOU" starting March 13, 2026, with separate trading for Class A ordinary shares and rights under the symbols "PONO" and "PONOR," respectively [1]. - The offering is expected to close on March 16, 2026, subject to customary closing conditions [2]. Underwriting and Additional Options - D. Boral Capital LLC is acting as the sole book-running manager for the offering and has been granted a 45-day option to purchase up to an additional 1,800,000 units at the initial public offering price to cover over-allotments [2]. Regulatory Compliance - A registration statement relating to the securities sold in the IPO was declared effective by the U.S. Securities and Exchange Commission (SEC) on March 12, 2026, and the offering is being made only by means of a prospectus [3].
Pono Capital Four, Inc. Announces Pricing of $120,000,000 Initial Public Offering