Pono Capital Four closes $120M IPO; 12M units at $10 each

Pono Capital Four, Inc.

Gross IPO proceeds $120M from 12M units at $10/unit; each unit = 1 Class A share + 1 right to receive 1/5 share after business combination.
Private placement raised $1.9M (190,000 units at $10) from sponsor (160k units) and institutional investor (30k units).
Net proceeds of $120M (incl. deferred underwriting fees) deposited in trust for public shareholders; company will seek a business combination.
Board gains four independent directors: Nakamoto, Sayama, Kazama, Bauer; audit and compensation committees formed.
Underwriter D. Boral Capital has 45-day option to purchase up to 1.8M additional units for over-allotments.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Equity Issuances SEC 8-K Item 3.02/3.03 confidence 0.9

Pono Capital Four, Inc. issued 190,000 units (the “Private Units”) of unit to the Sponsor and a certain institutional investor (the “Private Placement Investor”) for $10.00 per Private Unit.

Security: unit
Shares: 190,000 units (the “Private Units”)
Purchaser: the Sponsor and a certain institutional investor (the “Private Placement Investor”)
Consideration: $10.00 per Private Unit

Exact text from the filing

Simultaneously with the closing of the IPO, the Company consummated a private placement (the “Private Placement”) of an aggregate of 190,000 units (the “Private Units”) to the Sponsor and a certain institutional investor (the “Private Placement Investor”), at a price of $10.00 per Private Unit, generating total proceeds of $1,900,000.

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Governance Changes SEC 8-K Item 5.03/5.05/5.06 confidence 0.9

Pono Capital Four, Inc.: Adopted amended and restated memorandum and articles of association in connection with the IPO (effective 2026-03-12).

Change: charter amendment
Effective: 2026-03-12

Exact text from the filing

On March 12, 2026, and in connection with the IPO, the Company adopted its Amended and Restated Memorandum and Articles of Association.

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Pono Capital Four, Inc. filing history →

Source: SEC EDGAR

accession 0001213900-26-028780

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