---
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"
generated_at: "2026-06-10T21:54:42.779421+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Pono Capital Two reduces merger consideration for SBC Medical from $1.2B to $1.0B

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-23-032156
- JSON: https://secwatch.observer/filing/0001493152-23-032156.json
- Plain text: https://secwatch.observer/filing/0001493152-23-032156.txt

## Key facts
- Material Agreements
  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).
  - Action: amendment
  - Agreement: merger
  - Counterparty: Pono Capital Two, Inc.
  - Value: reduced merger consideration from $1,200,000,000 to $1,000,000,000
  - Effective: 2023-09-08
  source text: Pursuant to the Amendment, the $1,200,000,000 amount in the Merger Consideration calculation above was reduced to $1,000,000,000.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1930313/000149315223032156/0001493152-23-032156-index.htm

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