other material
confidence high
sentiment neutral
materiality 0.50
Pono Capital Two secures non-redemption agreements for 773,682 shares to support extension vote
SBC Medical Group Holdings Inc
- Non-redemption agreements with holders of 773,682 Class A shares; stockholders agree not to redeem for extension vote on May 5, 2023.
- Sponsor Mehana Capital will transfer sponsor shares to these stockholders upon consummation of business combination with SBC Medical Group.
- Extension proposal would move deadline from May 9, 2023 to February 9, 2024.
- No additional funds deposited into trust account; existing trust funds to be used.
- The extension vote is scheduled for special meeting on May 5, 2023.