Pono Capital Corp (PONOU) Prices $100M IPO


Pono Capital Corp (PONOU) Prices $100M IPO

Pono Capital Corp. announced the pricing of its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PONOU”, Wednesday, August 11.

The new SPAC aims to combine with a disruptive technology company in China or Japan in the area of consumer electronics. Pono is led by CEO and Founder Dustin Shindo, Chief Strategy Officer Dr. Hank Wuh and CFO Trisha Nomura.

Total SPAC deal count for 2021 year-to-date is now 403. This offering is expected to close on Friday, August 13.

EF Hutton is serving as sole book-running manager for the offering. Rimon P.C. is serving as Issuer’s Counsel with Ellenoff Grossman & Schole LLP serving as Underwriter’s Counsel. UHY LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.