Quarterly ResultMay 14, 2026, 05:12 PM
Pono Capital Four Q1 2026: IPO Completed, $120.17M in Trust
AI Summary
Pono Capital Four, Inc., a blank check company, completed its Initial Public Offering on March 16, 2026, generating $120 million. Simultaneously, it sold 190,000 private placement units for $1.9 million. As of March 31, 2026, the company reported total assets of $120.79 million, with $120.17 million held in the Trust Account. For the period from inception (January 2, 2026) through March 31, 2026, the company recorded a net income of $42,061.
Key Highlights
- Completed Initial Public Offering on March 16, 2026, raising $120,000,000.
- Sold 190,000 private placement units for $1,900,000.
- Deposited $120,000,000 from IPO proceeds into the Trust Account.
- Total Assets as of March 31, 2026, were $120,798,007.
- Cash and marketable securities in Trust Account totaled $120,175,323.
- Reported net income of $42,061 for the period from inception to March 31, 2026.
- Total Liabilities as of March 31, 2026, were $2,635,493.
- Class A Ordinary Shares subject to redemption valued at $120,175,323.