---
title: "Pono Capital Four raises $121.9M in IPO and private placement; $120M placed in trust"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/280208614.md"
description: "Pono Capital Four has successfully raised $121.9 million through a $120 million IPO of 12 million units priced at $10 each and a $1.9 million private placement. The proceeds have been deposited into a trust account, primarily invested in short-term U.S. treasuries and cash. The balance sheet as of March 16, 2026, shows total assets of $120,626,136, with $120 million in Class A shares subject to redemption. Deferred underwriting commissions and transaction costs are noted as well."
datetime: "2026-03-23T19:53:01.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/280208614.md)
  - [en](https://longbridge.com/en/news/280208614.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/280208614.md)
---

> Supported Languages: [简体中文](https://longbridge.com/zh-CN/news/280208614.md) | [繁體中文](https://longbridge.com/zh-HK/news/280208614.md)


# Pono Capital Four raises $121.9M in IPO and private placement; $120M placed in trust

**Pono Capital Four completed a $120.0M IPO of 12,000,000 units and a $1.9M private placement, depositing $120.0M into a trust account.**

**Key Highlights:**

-   Sold 12,000,000 public units at $10.00 each, generating $120,000,000 gross proceeds.
-   Completed simultaneous private placement of 190,000 units for $1,900,000 (Sponsor 160,000; investor 30,000).
-   $120,000,000 of IPO and private placement proceeds deposited in Trust Account, invested in short-term U.S. treasuries/cash.
-   Deferred underwriting commissions of up to $2,500,000 and transaction costs of $3,954,546 noted on balance sheet.
-   Audited balance sheet as of March 16, 2026 shows total assets $120,626,136 and Class A shares subject to redemption $120,000,000.

Original SEC Filing: Pono Capital Four, Inc. \[ PONOU \] - 8-K - Mar. 23, 2026

**Disclaimer**

This is an AI-powered summary. It may contain inaccuracies. Consider verifying important information with the source. Please note this summary is solely based on documents filed with the SEC.

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