Pono Capital Two amends merger agreement with SBC; narrows target scope and extends deadlines

SBC Medical Group Holdings Inc

Amended merger no longer includes SBC's Medical Corporations; only Service Companies and Other Entities.
SBC must deliver disclosure schedules by Aug 31, 2023; Pono can terminate if material adverse items found.
Closing deadline extended from Sep 30 to Dec 31, 2023; Pono absorbs all future extension expenses.
A&R Merger Agreement replaces prior amendments and supersedes expense-sharing provision.

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