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SPAC Name : Pono Capital Corp
| Total Public Proceeds at IPO($mm): | 115.0 |
| %Held in Trust: | 101.5 |
| $Held in Trust per Unit: | $ 10.15 |
| Mgmt's Sector Expertise/Focus: | Electric Vehicle |
| IPO Date: | 2021-08-11 |
| Months to Complete: | 12 |
| Deadline Date: | 2023-02-13 |
| Unit Structure (PONOU) | |
| Share (PONO): | 1 Share Class A Common Stock |
| Warrant (PONOW) | 3/4 Warrant |
| Right() | |
| Public Warrant Terms: | |
| Exercise Price: | 11.500000000 |
| Redemption Price: | Cash/Cashless: $18.00 |
| Redemption: Cash, Cashless or for Shares | Mgmt's Discretion |
| Underwriters: | |
| Book-runner(s): | EF Hutton |
| Co-Manager(s): | |
| Fees (Upfront/Deferred): | 2.0%/3.0% |
| Lawyers: | |
| Issuer's Counsel: | Rimon, P.C. |
| Underwriter's Counsel: | Ellenoff Grossman & Schole LLP |
| Additional Terms: | Crescent Term: $9.20, Limitation on redemption rights: 15%, May extend 2x by three months each by depositing $0.10/unit to trust, Founder Share Lock-Up: At 6 months and at $12.00/share for 20/30-days after 150 days |
SPAC Name: Pono Capital Corp
| CURRENT FUNDS in TRUST: | $120,784,426* |
| EST. PRO RATA AMOUNT IN TRUST: | $10.50* |
| IMPLIED ENTERPRISE VALUE: | TBD |
| RECORD DATE: | 2023-01-05 |
| SHAREHOLDER VOTE DATE: | 2023-01-27 |
| SPAC NameSource: SEC.gov filings and SPAC Insider estimates | |
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