Recent 8-K filings for PONO

• November 6, 2026, 5:30 PM ET M&A materiality 0.65 negative item 1.01item 9.01

  Pono Capital Four cuts Blackstar Orbital merger base purchase price to $200M from $380M

  First Amendment to Aug 5, 2026 Merger Agreement reduces Base Purchase Price from $380,000,000 to $200,000,000, lowering Parent Shares in the Aggregate Merger Consideration.

• August 6, 2026, 6:49 PM ET M&A materiality 0.80 neutral item 1.01item 9.01

  Pono Capital Four to acquire Blackstar Orbital Technologies for $380M

  Merger Agreement signed Aug 5, 2026: Pono Capital Four to acquire Blackstar Orbital Technologies for $380M base purchase price.

• August 6, 2026, 9:24 AM ET M&A materiality 0.85 positive item 7.01item 9.01

  Pono Capital Four to merge with Blackstar Orbital at $380M valuation

  Definitive merger agreement values Blackstar Orbital at $380 million; expected close in Q1 2027.

• March 17, 2026, 7:59 PM ET other materiality 0.70 neutral item 1.01item 3.02item 5.02item 5.03item 8.01item 9.01 ◈ Equity Issuances◈ Governance Changes

  Pono Capital Four closes $120M IPO; 12M units at $10 each

  Gross IPO proceeds $120M from 12M units at $10/unit; each unit = 1 Class A share + 1 right to receive 1/5 share after business combination.

Materiality & sentiment trend

Max materiality 0.85 · Median 0.65 · Most common event m_and_a

1 positive 1 negative 5 neutral

source · PONO on sec.gov