{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-003426","form_type":"8-K","ticker":"SBC","cik":"0001930313","company_name":"SBC Medical Group Holdings Inc","filed_at":"2023-02-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:47.458858+00:00","generated_at":"2026-06-20T02:46:20.300058+00:00","sec_items":["1.01","7.01","9.01"],"event_type":"m_and_a","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Pono Capital Two enters $1.2B merger with SBC Medical Group Holdings","bullets":["Merger consideration of $1.2B, subject to net working capital and debt adjustments.","Restructuring of SBC Japan and affiliated entities required before closing.","Lock-up on shares; 1/3 released at each of $13, $15, $17 stock price thresholds.","Closing conditions include stockholder approvals, SEC review, and Nasdaq listing."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-003426","json":"https://secwatch.observer/filing/0001493152-23-003426.json","markdown":"https://secwatch.observer/filing/0001493152-23-003426.md","text":"https://secwatch.observer/filing/0001493152-23-003426.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1930313/000149315223003426/0001493152-23-003426-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1930313/000149315223003426/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T02:46:20.300058+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":[{"claim_id":"b3086de8d3a01d890c676cc2a0f6bad019f9bcdb","claim":"SBC Medical Group Holdings Inc entered into Merger Agreement with Pono Capital Two, Inc. valued at $1,200,000,000 (effective 2023-01-31).","evidence_excerpt":"on January 31, 2023, Pono Capital Two, Inc., a Delaware corporation (“ Pono ”), entered into an Agreement and Plan of Merger (the “ Merger Agreement ”), by and among Pono, Pono Two Merger Sub, Inc., a Delaware corporation and wholly-owned subsidiary of Pono (“ Merger Sub ”), SBC Medical Group Holdings Incorporated, a Delaware corporation (“ SBC ”), Mehana Capital, LLC, in its capacity as Purchaser Representative, and Dr. Yoshiyuki Aikawa, in his capacity as Seller Representative.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1930313/000149315223003426/0001493152-23-003426-index.htm","confidence":0.9,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Pono Capital Two, Inc."},{"label":"Value","value":"$1,200,000,000"},{"label":"Effective","value":"2023-01-31"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}