Pono Capital Two closes $115M IPO with full over-allotment; trust funded with $117.9M

SBC Medical Group Holdings Inc

IPO of 11.5M units at $10/unit; gross proceeds $115M.
Underwriters' over-allotment option exercised in full for 1.5M additional units.
Private placement of 634,375 units to sponsor Mehana Capital for $6.34M.
Trust account funded with $117.875M from IPO and private placement proceeds, net of expenses.
Blank-check company targeting technology-driven businesses; led by CEO Darryl Nakamoto.

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