---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-22-023329"
form_type: "8-K"
ticker: "SBC"
cik: "0001930313"
company_name: "SBC Medical Group Holdings Inc"
filed_at: "2022-08-17T23:59:59+00:00"
generated_at: "2026-06-23T23:14:33.454918+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pono Capital Two completes $115M IPO and private placement, trust funded at $10.25/share

## Summary
- IPO of 11,500,000 units at $10.00 per unit (including full over-allotment) raised $115M gross.
- Private placement of 634,375 units to sponsor at $10.00 each raised additional $6,343,750.
- Total net proceeds of $121,343,750 deposited in trust account; redemption value per public share is $10.25.
- Audited balance sheet shows $117,875,000 in trust, $951,342 cash outside, and $3,081,544 accumulated deficit.
- Must complete a business combination by May 9, 2023 or liquidate; going concern uncertainty noted in audit opinion.

## SEC filing metadata
- accession: 0001493152-22-023329
- form_type: 8-K
- ticker: SBC
- cik: 0001930313
- company_name: SBC Medical Group Holdings Inc
- filed_at: 2022-08-17T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930313/000149315222023329/0001493152-22-023329-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930313/000149315222023329/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-22-023329
- JSON: https://secwatch.observer/filing/0001493152-22-023329.json
- Plain text: https://secwatch.observer/filing/0001493152-22-023329.txt

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