Pono Capital Three, Inc. priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PTHRU” Friday, February 10, 2023.
The new company intends to seek a target in the disruptive technology sector with a spotlight on companies in Asia with Japan in particular. The Company is led by Davin Kazama, Chief Executive Officer, Gary Miyashiro, Chief Financial Officer, and Dustin Shindo, Chairman of the Board.
Total SPAC deal count for 2023 year-to-date is now 3. This offering is expected to close on Tuesday, February 14, 2023.
EF Hutton, division of Benchmark Investments, LLC (“EF Hutton”), is acting as the sole book running manager for the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum, LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.
Below is a daily summary of links to the latest SPAC news and rumors gathered across the web. Latest SPAC News: eureKING signs put option for the potential acquisition of Skyepharma and Pear Therapeutics sells for $6M in post-bankruptcy auction eureKING, the first European SPAC in healthcare dedicated to biomanufacturing, announces the signature of a...
Pegasus Digital (NYSE:PGSS) has entered into a definitive agreement to combine with equipment manufacturer SCHMID at an enterprise value of $640 million. Freudenstadt, Germany-based SCHMID makes silicon and glass components for the solar energy industry and electronics, including substrates for the broader technology space. The combined company is expected to trade on the NYSE once...
Minority Equality Opportunities (NASDAQ:MEOA) announced this morning that it is pushing back the date for its completion vote for its combination with cloud services firm Digerati (OTC:DTGI), marking the third postponement for the meeting. The vote, which was originally scheduled to be held on May 24, but was postponed until May 26, and then May 31,...
Vehicle data-tracker Wejo (NASDAQ:WEJO) announced in an 8-K this afternoon that it has filed its intention to appoint an administrator to oversee its insolvency and it is evaluating whether it will do so in the United States as well. The company, which completed a de-SPAC transaction with Virtuoso in November 2021, has another SPAC deal...
Aimei Health Technology Co. (NASDAQ:AFJK) filed its S-1 Friday afternoon for a $50 million IPO, marking the fourth SPAC to file for an IPO in May and the twelfth year-to-date. Given its name, it comes as no surprise that Aimei Health Technology intends to pursue prospective targets that are focused on healthcare innovation. More specifically, the...