secwatch.observer — SEC 8-K summary
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Issuer:     Pono Capital Four, Inc. (PONO)
CIK:        0002108164
Form:       8-K
Filed at:   2026-03-17T23:59:59+00:00
Accession:  0001213900-26-028780
Event type: other
Sentiment:  neutral
Materiality: 0.70
Item codes: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2108164/000121390026028780/0001213900-26-028780-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2108164/000121390026028780/ea0281918-8k_pono.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-028780

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