Pono Capital Four completed a $120.0M IPO of 12,000,000 units and a $1.9M private placement, depositing $120.0M into a trust account.
Key Highlights:
- Sold 12,000,000 public units at $10.00 each, generating $120,000,000 gross proceeds.
- Completed simultaneous private placement of 190,000 units for $1,900,000 (Sponsor 160,000; investor 30,000).
- $120,000,000 of IPO and private placement proceeds deposited in Trust Account, invested in short-term U.S. treasuries/cash.
- Deferred underwriting commissions of up to $2,500,000 and transaction costs of $3,954,546 noted on balance sheet.
- Audited balance sheet as of March 16, 2026 shows total assets $120,626,136 and Class A shares subject to redemption $120,000,000.
Original SEC Filing:
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