Pono Capital Four, a blank check company targeting technology companies, filed on Monday with the SEC to raise up to $150 million in an initial public offering.
The Cayman Islands-based company plans to raise $150 million by offering 15 million units at a price of $10. Each unit consists of one share of common stock and rights to one-fifth of one common stock.
Pono Capital Four is led by Chairman and CEO Dustin Shindo, who currently serves as the managing member of Mehana, and former CEO of software firm Junify. He previously served as the CEO of Pono Capital Three, which merged with Horizon Aircraft (Nasdaq: HOVR) in January 2024; Pono Capital Two, which merged with SBC Medical Group Holdings (Nasdaq: SBC) in September 2024; and Pono Capital, which merged with AERWINS Technologies (OTC: AWIN) in February 2023. He is joined by CFO Gary Miyashiro, who currently serves as the President of MC Group Hawaii since 2011. He previously served as the CFO of Pono Capital Three. Pono Capital Four intends to target disruptive technology businesses.
The Cayman Islands-based company was founded in January 2026 and plans to list on the Nasdaq under the symbol PONOU. D. Boral Capital is the sole bookrunner on the deal.
