---
schema_version: "secwatch.filing_event.v1"
accession: "0001493152-24-008595"
form_type: "8-K"
ticker: "SBC"
cik: "0001930313"
company_name: "SBC Medical Group Holdings Inc"
filed_at: "2024-03-01T23:59:59+00:00"
generated_at: "2026-06-05T05:48:58.421375+00:00"
event_type: "debt"
sentiment: "neutral"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Pono Capital Two boosts convertible note to $2.7M; parties release merger claims

## Summary
- Note purchase price increased from $1.0M to $2.7M per Amended Note Purchase Agreement dated Feb 27, 2024.
- Convertible promissory note principal amount raised to $2.7M, maturing on Aug 29, 2024 or upon business combination close.
- Note convertible into 270,000 shares of Pono Common Stock (implied conversion price ~$10/share).
- Parties released each other from all claims arising from termination of Merger Agreement or failure to close business combination.

## SEC filing metadata
- accession: 0001493152-24-008595
- form_type: 8-K
- ticker: SBC
- cik: 0001930313
- company_name: SBC Medical Group Holdings Inc
- filed_at: 2024-03-01T23:59:59+00:00
- event_type: debt
- sentiment: neutral
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 1.01, 2.03, 3.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1930313/000149315224008595/0001493152-24-008595-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1930313/000149315224008595/form8-k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001493152-24-008595
- JSON: https://secwatch.observer/filing/0001493152-24-008595.json
- Plain text: https://secwatch.observer/filing/0001493152-24-008595.txt

## Key facts
- Debt Financings
  SBC Medical Group Holdings Inc amended convertible notes of $2,700,000 with SBC Medical Group Holdings Incorporated.
  - Instrument: convertible notes
  - Principal: $2,700,000
  - Counterparty: SBC Medical Group Holdings Incorporated
  - Event: amendment
  source text: nd SBC Medical Group Holdings Incorporated, a Delaware corporation (“ SBC ”), entered into a Note Purchase Agreement
  evidence_url: https://www.sec.gov/Archives/edgar/data/1930313/000149315224008595/0001493152-24-008595-index.htm

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