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