{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-24-080668","form_type":"8-K","ticker":"SBC","cik":"0001930313","company_name":"SBC Medical Group Holdings Inc","filed_at":"2024-09-20T23:59:59+00:00","discovered_at":"2026-05-14T18:03:15.217875+00:00","generated_at":"2026-05-31T03:20:21.864119+00:00","sec_items":["1.01","2.01","5.02","9.01","3.03","4.01","5.01","5.03","5.05","5.06","7.01","8.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"medium","headline":"SBC Medical Group completes SPAC merger with Pono Capital Two; begins trading on Nasdaq","bullets":["Merger closed Sept 17; Pono renamed to SBC Medical Group Holdings Incorporated.","Common stock (SBC) and warrants (SBCWW) began trading on Nasdaq Sept 18.","Total Merger Consideration approx. $1.076 million (as stated in filing; likely intended $1.076B).","Post-merger ownership: public 1.5%, Sponsor 4.8%, former SBC holders 93.7% of 100.7M shares.","CEO Yoshiyuki Aikawa has employment agreement with $12M annual base salary."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-24-080668","json":"https://secwatch.observer/filing/0001213900-24-080668.json","markdown":"https://secwatch.observer/filing/0001213900-24-080668.md","text":"https://secwatch.observer/filing/0001213900-24-080668.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1930313/000121390024080668/0001213900-24-080668-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1930313/000121390024080668/ea0215024-8k_sbcmed.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-31T03:20:21.864119+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"e6c87466c3a07310d32d8d54e7f0711fc37da5d9","claim":"SBC Medical Group Holdings Inc underwent a change of control involving Pono Capital Two, Inc. (closed 2024-09-17).","evidence_excerpt":"and other transactions contemplated thereby (collectively, the \" Business Combination \") were approved and completed.","evidence_source":"SEC 8-K Item 2.01/5.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1930313/000121390024080668/0001213900-24-080668-index.htm","confidence":0.9,"family_label":"M&A Transactions","details":[{"label":"Action","value":"change of control"},{"label":"Counterparty","value":"Pono Capital Two, Inc."},{"label":"Closing","value":"2024-09-17"}],"fact_type":"ma_transaction"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}