Pono Capital Four entered into an unsecured, non-interest-bearing promissory note with Mehana Capital for up to $100,000 to cover business combination expenses. The company may draw funds as needed, with requests funded within five business days. The note is due in full upon consummation of Pono Capital Four's initial business combination; if no deal occurs, repayment will be made only from funds held outside the IPO trust. The arrangement provides short-term, low-cost liquidity to support transaction execution.
Agreement details:
- Agreement type: Unsecured, non‑interest‑bearing promissory note (up to $100,000)
- Counterparty: Mehana Capital
- Signed / Effective: May 06 2026 / same
- Duration / Termination: Until initial business combination
- Reason: Fund business combination-related costs
Original SEC Filing:
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