{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-26-086293","form_type":"8-K","ticker":"PONO","cik":"0002108164","company_name":"Pono Capital Four, Inc.","filed_at":"2026-08-06T22:49:10+00:00","discovered_at":"2026-08-07T10:05:00.386959+00:00","generated_at":"2026-08-07T10:05:44.245674+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Pono Capital Four to acquire Blackstar Orbital Technologies for $380M","bullets":["Merger Agreement signed Aug 5, 2026: Pono Capital Four to acquire Blackstar Orbital Technologies for $380M base purchase price.","Consideration in Parent Common Shares; ~25% escrowed for six years for indemnification claims.","PONO to domesticate from Cayman to Delaware and rename Blackstar Orbital Corporation.","Closing conditions include PONO/Blackstar shareholder approval, S-4 effectiveness, Nasdaq listing, HSR clearance.","Termination dates: Dec 31, 2026 (PONO) and Mar 31, 2027 (Blackstar) if closing not completed."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-26-086293","json":"https://secwatch.observer/filing/0001213900-26-086293.json","markdown":"https://secwatch.observer/filing/0001213900-26-086293.md","text":"https://secwatch.observer/filing/0001213900-26-086293.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2108164/000121390026086293/0001213900-26-086293-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2108164/000121390026086293/ea0300842-8k_pono.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-08-07T10:05:44.245674+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}