---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-032898"
form_type: "8-K"
ticker: "PONO"
cik: "0002108164"
company_name: "Pono Capital Four, Inc."
filed_at: "2026-03-23T23:59:59+00:00"
generated_at: "2026-05-15T09:25:47.447228+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.4
calibrated_materiality_score: 0.4
confidence: "high"
source: SEC EDGAR
---

# Pono Capital Four closes $120M IPO and $1.9M private placement on March 16, 2026

## Summary
- IPO of 12M units at $10/unit raised $120M gross; each unit has one Class A share and one right.
- Private placement of 190,000 units at $10/unit to sponsor and institutional investor raised $1.9M.
- Trust account funded with $120M; company has 18 months to complete initial business combination.
- Balance sheet as of March 16, 2026: cash $619k, trust $120M, liabilities $2.635M, shareholders' deficit $(2.009M).

## SEC filing metadata
- accession: 0001213900-26-032898
- form_type: 8-K
- ticker: PONO
- cik: 0002108164
- company_name: Pono Capital Four, Inc.
- filed_at: 2026-03-23T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.4
- calibrated_materiality_score: 0.4
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2108164/000121390026032898/0001213900-26-032898-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2108164/000121390026032898/ea0282463-8k_pono4.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-032898
- JSON: https://secwatch.observer/filing/0001213900-26-032898.json
- Plain text: https://secwatch.observer/filing/0001213900-26-032898.txt

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