Business
SBC Medical Group Holdings and Pono Capital Two Announce Completion of Business Combination and Schedule to Begin Trading on the Nasdaq
SBC Medical scheduled to begin trading on Nasdaq on September 18, 2024 under the ticker symbol “SBC” SBC Medical is a global owner, operator and provider of
About this update from Sbc Medical Group Holdings Incorporated
[{"type":"text","content":"\n\nSBC Medical scheduled to begin trading on Nasdaq on September 18, 2024 under the ticker symbol “SBC”\n\n\nSBC Medical is a global owner, operator and provider of management services and products to cosmetic treatment centers\n\n\n TOKYO & HONOLULU--(BUSINESS WIRE)--\nSBC Medical Group Holdings Incorporated (“SBC Medical”, or the “Company”), a global owner, operator and provider of management services and products to cosmetic treatment centers, and Pono Capital Two, Inc. (“Pono Capital Two”) (Nasdaq: PTWO), a special purpose acquisition company, today announced the completion of their previously announced business combination (the “Business Combination”). The Business Combination was approved at a special meeting of Pono Capital Two’s stockholders on August 23, 2024, and it closed on September 17, 2024. Beginning on September 18, 2024, SBC Medical’s shares of common stock and warrants will begin to trade on the Nasdaq Global Market and Nasdaq Capital Market (collectively, “Nasdaq”), respectively, under the ticker symbols “SBC” and “SBCWW,” respectively.\nThis press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240904728401/en/SBC Medical Group Holdings, through its subsidiaries, provides services to support the operation of clinics that deliver highly specialized medical services in the areas of cosmetic medicine, esthetic dentistry, and Androgenetic Alopecia or AGA, primarily in Japan and centered on the SBC Shonan Beauty Clinic Brand. SBC Medical and its subsidiaries now provide management services to a total of 164 franchisee treatment centers located in Japan with the support of approximately 1,639 employees globally, a majority of which are located in Japan. SBC Medical also owns and operates one treatment center in Vietnam and provides management services to one treatment center in California. (Photo: Business Wire)\nThe Business Combination is expected to provide SBC Medical with improved access to sources of new capital, accelerate business alliance opportunities, facilitate the expansion of its clinic operation support business in the United States and Southeast Asia, and expand its franchise clinic network in Japan and overseas.\n\nManagement and Governance\n\nSBC Medical will continue to be led by Yoshiyuki Aikawa, Director, Chairman and Chief Executive Officer of...