---
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"
generated_at: "2026-05-31T03:20:21.864119+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "medium"
source: SEC EDGAR
---

# SBC Medical Group completes SPAC merger with Pono Capital Two; begins trading on Nasdaq

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: medium
- 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
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-24-080668
- JSON: https://secwatch.observer/filing/0001213900-24-080668.json
- Plain text: https://secwatch.observer/filing/0001213900-24-080668.txt

## Key facts
- M&A Transactions
  SBC Medical Group Holdings Inc underwent a change of control involving Pono Capital Two, Inc. (closed 2024-09-17).
  - Action: change of control
  - Counterparty: Pono Capital Two, Inc.
  - Closing: 2024-09-17
  source text: and other transactions contemplated thereby (collectively, the " Business Combination ") were approved and completed.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1930313/000121390024080668/0001213900-24-080668-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.