secwatch.observer — SEC 8-K summary
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Issuer:     Pono Capital Four, Inc. (PONO)
CIK:        0002108164
Form:       8-K
Filed at:   2026-03-23T23:59:59+00:00
Accession:  0001213900-26-032898
Event type: other_material
Sentiment:  neutral
Materiality: 0.40
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2108164/000121390026032898/0001213900-26-032898-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2108164/000121390026032898/ea0282463-8k_pono4.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-032898

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer