---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-018332"
form_type: "8-K"
ticker: "SBC"
cik: "0001930313"
company_name: "SBC Medical Group Holdings Inc"
filed_at: "2023-05-19T23:59:59+00:00"
generated_at: "2026-06-14T20:09:45.107472+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Pono Capital Two issues $1M convertible note to SBC Medical Group in merger financing

## Summary
- Convertible promissory note of $1M issued to SBC Medical Group, convertible into Class A common at $10/share.
- Note bears no interest; prepayable anytime; automatically converts at merger consummation.
- Closing of note sale must occur by May 31, 2023; issuance exempt under Securities Act Section 4(a)(2).
- SBC enters lock-up agreement on converted shares; lock-up from merger close through price/date triggers.
- Note purchase supports previously announced merger between Pono Capital Two and SBC Medical Group.

## SEC filing metadata
- accession: 0001493152-23-018332
- form_type: 8-K
- ticker: SBC
- cik: 0001930313
- company_name: SBC Medical Group Holdings Inc
- filed_at: 2023-05-19T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930313/000149315223018332/0001493152-23-018332-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930313/000149315223018332/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-018332
- JSON: https://secwatch.observer/filing/0001493152-23-018332.json
- Plain text: https://secwatch.observer/filing/0001493152-23-018332.txt

## Key facts
- Debt Financings
  SBC Medical Group Holdings Inc incurred convertible notes of $1,000,000 with SBC Medical Group Holdings Incorporated.
  - Instrument: convertible notes
  - Principal: $1,000,000
  - Counterparty: SBC Medical Group Holdings Incorporated
  - Event: incurrence
  source text: Pursuant to the Note Purchase Agreement, the Company and SBC have agreed, subject to the terms and conditions set forth in the Note Purchase Agreement, that the Company will issue and sell to SBC a convertible promissory note (the “ Note ”) of $1,000,000 in aggregate principal amount (the “ Principal Amount ”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/1930313/000149315223018332/0001493152-23-018332-index.htm

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