secwatch.observer — SEC 8-K summary
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Issuer:     SBC Medical Group Holdings Inc (SBC)
CIK:        0001930313
Form:       8-K
Filed at:   2022-08-17T23:59:59+00:00
Accession:  0001493152-22-023329
Event type: other_material
Sentiment:  neutral
Materiality: 0.65
Item codes: 8.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1930313/000149315222023329/0001493152-22-023329-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1930313/000149315222023329/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-22-023329

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