Pono Capital Four, Inc.
PONOU
NASDAQ10.18
USD
+0.10
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Pono Capital Four, Inc.
PONOU
(NASDAQ)
Recent
price
10.18
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.- Similar Companies
- Business
- Pono Capital Corp. (PONOU) operates as a special purpose acquisition company (SPAC) focused on effecting mergers, capital stock exchanges, asset acquisitions, stock purchases, reorganizations, or similar business combinations with one or more businesses or assets. The company targets opportunities in enterprise security and operations applications; cloud-based content and digital streaming services; drone technology and services; artificial intelligence; consumer healthcare and wellness; biomedical technology; entertainment and gaming; distance learning; online retail; and e-sports. Incorporated in 2021 and headquartered at 643 Ilalo Street in Honolulu, Hawaii, Pono Capital maintains a global geographic focus without specific industry or regional limitations, though it emphasizes technological advancements in traditionally managed sectors, particularly financial services. In its most significant recent development, Pono Capital Corp. completed a reverse merger with AERWINS Technologies Inc. on February 3, 2023, resulting in AERWINS becoming a wholly-owned subsidiary and the combined entity listing on Nasdaq under new tickers (formerly PONO, now associated with AWIN and AWINW). This transaction, announced September 7, 2022, and approved by shareholders on January 27, 2023, valued AERWINS at $600 million with a pro forma equity value of approximately $750 million, enhancing AERWINS' air mobility platform, including the C.O.S.M.O.S. operating system and XTURISMO Limited Edition Hoverbike. Prior efforts included a terminated merger agreement with Benuvia Inc. in August 2022 and an earlier definitive agreement with Benuvia announced in 2022, reflecting Pono's active pursuit of strategic combinations. Pono Capital raised $116 million through its initial public offering on August 11, 2021, comprising 11.6 million units (each including one Class A ordinary share and three-quarters of a warrant exercisable at $11.50 per share), with units trading on Nasdaq under PONOU and separate trading of shares (PONO) and warrants (PONOW) commencing October 5, 2021. The SPAC structure supports extensions, such as a $1.15 million deposit from Mehana Capital LLC in 2022 to extend its business combination deadline. As of late 2025, PONOU units continue to trade with a recent price around $11.15 and market capitalization of approximately $39 million, indicating ongoing market presence post-merger.
Company News
Blackstar Orbital Technologies, an innovative developer of advanced reusable spacecraft announces the signing of a definitive agreement to go public via a business combination with Pono Capital Four, a Nasdaq listed company.
Pono Capital Four, Inc. Announces the Separate Trading of its Class A Ordinary Shares and Share Rights Commencing May 5, 2026
D. Boral Capital Acted as Sole Bookrunner to Pono Capital Four, Inc. (Nasdaq: PONOU) in Connection with its $120,000,000 Initial Public Offering