Mar 12, 2026 (MarketLine via COMTEX) --
Pono Capital Four, Inc. priced an initial public offering of 12,000,000 units at $10.00 per unit, with each unit consisting of one Class A ordinary share and a right to receive one-fifth of a Class A ordinary share.
Pono Capital Four, Inc. (the "Company"), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today 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 (the "Share Right") to receive one-fifth of one Class A ordinary share at the closing of the Company's initial business combination. The units are expected to trade on The Nasdaq Stock Market LLC ("Nasdaq") under the ticker symbol "PONOU" beginning March 13, 2026. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the rights are expected to be traded on Nasdaq under the symbols "PONO" and "PONOR," respectively.
D. Boral Capital LLC is acting as sole book-running manager for the offering.
The Company has granted the underwriter a 45-day option to purchase up to an additional 1,800,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on March 16, 2026 subject to customary closing conditions.
A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the "SEC") on March 12, 2026. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at dbccapitalmarkets@dboralcapital.com, or by telephone at +1 (212) 970-5150.
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COMTEX_478975241/2227/2026-05-12T02:49:08
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