{"schema_version":"secwatch.filing_event.v1","accession":"0001493152-23-032156","form_type":"8-K","ticker":"SBC","cik":"0001930313","company_name":"SBC Medical Group Holdings Inc","filed_at":"2023-09-11T23:59:59+00:00","discovered_at":"2026-05-14T18:03:36.083080+00:00","generated_at":"2026-06-10T21:54:42.779421+00:00","sec_items":["1.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Pono Capital Two reduces merger consideration for SBC Medical from $1.2B to $1.0B","bullets":["Amendment to merger agreement reduces aggregate consideration from $1.2 billion to $1.0 billion.","Other terms of the merger agreement remain unchanged; closing conditions and structure preserved.","Transaction requires stockholder approval; Pono to file proxy statement with SEC.","Pono Capital Two (PTWO) entered into amendment on September 8, 2023."],"urls":{"canonical":"https://secwatch.observer/filing/0001493152-23-032156","json":"https://secwatch.observer/filing/0001493152-23-032156.json","markdown":"https://secwatch.observer/filing/0001493152-23-032156.md","text":"https://secwatch.observer/filing/0001493152-23-032156.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1930313/000149315223032156/0001493152-23-032156-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1930313/000149315223032156/form8-k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T21:54:42.779421+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":"dedd84ac2ce5844fcd95304a5f4298262f454035","claim":"SBC Medical Group Holdings Inc amended First Amendment to the Agreement and Plan of Merger with Pono Capital Two, Inc. valued at reduced merger consideration from $1,200,000,000 to $1,000,000,000 (effective 2023-09-08).","evidence_excerpt":"Pursuant to the Amendment, the $1,200,000,000 amount in the Merger Consideration calculation above was reduced to $1,000,000,000.","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1930313/000149315223032156/0001493152-23-032156-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"amendment"},{"label":"Agreement","value":"merger"},{"label":"Counterparty","value":"Pono Capital Two, Inc."},{"label":"Value","value":"reduced merger consideration from $1,200,000,000 to $1,000,000,000"},{"label":"Effective","value":"2023-09-08"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}