Honolulu, Hawaii, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Pono Capital Corp (NASDAQ: PONO) (the "Company" or "Pono"), a special purpose acquisition company, announced today that it has terminated its previously announced agreement and plan of merger (the "Business Combination Agreement") with Benuvia, Inc. ("Benuvia"), by mutual agreement of all relevant parties. As a result, Pono will seek an alternative business combination.
About Pono Capital Corp
Pono is a blank check company formed for the purpose of effecting a business combination with one or more businesses. In August 2021, Pono consummated a $116 million initial public offering of 11.6 million units (reflecting the underwriters' exercise of their over-allotment option in full), each unit consisting of one of the Company's Class A ordinary shares and three-quarters of one warrant, each whole warrant enabling the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Pono's securities are listed on Nasdaq under the ticker symbols PONOU, PONO and PONOW. Although there was no restriction or limitation on what industry or geographic region its targets operated in, Pono pursued prospective targets that provide technological innovation in a range of traditionally managed industries with particular emphasis on the financial services industry.
Cautionary Statement Regarding Forward-Looking Statements
This press release contains statements that constitute "forward-looking statements," including with respect to the proposed initial public offering and the anticipated use of the net proceeds. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and preliminary prospectus for the Company's offering filed with the SEC. Copies of these documents are available on the SEC's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Dustin Shindo
Pono Capital Corp
(808) 892-6611
dshindo@ponocorp.com
夏威夷火奴鲁鲁，2022年8月10日(环球通讯社)亚洲网加利福尼亚州圣何塞10月24日电特殊目的收购公司纳斯达克(以下简称：PONO)(以下简称“公司”或“PONO”)今天宣布，经所有相关方共同同意，已终止此前宣布的与Benuvia，Inc.(以下简称“Benuvia”)的合并协议和计划(“业务合并协议”)。因此，波诺将寻求另一种业务组合。
关于波诺资本公司
PONO是一家空白支票公司，成立的目的是实现与一个或多个企业的业务合并。2021年8月，Pono完成了1.16亿美元的首次公开募股，发行单位为1160万股(反映承销商全面行使其超额配售选择权)，每个单位由一股公司A类普通股和四分之三个认股权证组成，每个完整的认股权证使其持有人能够以每股11.50美元的价格购买一股A类普通股。波诺的证券在纳斯达克上上市，股票代码为PONOU、PONO和PONOW。尽管对其目标所在的行业或地理区域没有限制或限制，但Pono追求的预期目标是在一系列传统管理的行业中提供技术创新，特别是金融服务业。
关于前瞻性陈述的警告性声明
本新闻稿包含构成“前瞻性陈述”的陈述，包括与拟议的首次公开募股和净收益的预期使用有关的陈述。不能保证上述讨论的发行将按所述条款完成，或根本不能保证，或发行所得净额将按说明使用。前瞻性陈述受许多条件的制约，其中许多条件不是本公司所能控制的，包括本公司向美国证券交易委员会提交的注册说明书和初步招股说明书的风险因素部分阐述的那些条件。这些文件的副本可以在美国证券交易委员会的网站www.sec.gov上找到。除法律要求外，本公司不承担在本新闻稿发布之日后更新这些声明以进行修订或更改的义务。
联系人
达斯汀·辛多
波诺资本公司
(808)892-6611
邮箱：dshindo@ponocorp.com
