---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-23-019965"
form_type: "8-K"
ticker: "SBC"
cik: "0001930313"
company_name: "SBC Medical Group Holdings Inc"
filed_at: "2023-06-02T23:59:59+00:00"
generated_at: "2026-06-14T08:35:40.537244+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.5
calibrated_materiality_score: 0.5
confidence: "high"
source: SEC EDGAR
---

# Pono Capital Two issues $1M convertible note to SBC, extends merger agreement deadline to June 15

## Summary
- On May 26, 2023, issued $1M convertible promissory note to SBC Medical Group, convertible into 100,000 shares at $10.00/share upon merger close.
- Note bears no interest; principal due May 17, 2024 or earlier if merger closes.
- On May 30, 2023, extended deadline for completion of disclosure schedules and due diligence from May 31 to June 15, 2023.
- Shares issued upon conversion subject to lock-up agreement with six-month minimum period.

## SEC filing metadata
- accession: 0001493152-23-019965
- form_type: 8-K
- ticker: SBC
- cik: 0001930313
- company_name: SBC Medical Group Holdings Inc
- filed_at: 2023-06-02T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.5
- calibrated_materiality_score: 0.5
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930313/000149315223019965/0001493152-23-019965-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930313/000149315223019965/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-019965
- JSON: https://secwatch.observer/filing/0001493152-23-019965.json
- Plain text: https://secwatch.observer/filing/0001493152-23-019965.txt

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