Tech SPAC PONO Capital files for a $100 million IPO

Tech SPAC PONO Capital files for a $100 million IPO

PONO Capital, a blank check company targeting businesses driving growth through technology, filed on Wednesday with the SEC to raise up to $100 million.

The Honolulu, HI-based company plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of a warrant, exercisable at $11.50. At the proposed deal size, PONO Capital would command a market value of $129 million.

The company is led by CEO and Director Dustin Shindo, the CEO of Junify, a provider of zero trust network access software, and former CEO of Pono Health. The company plans to target high-quality growth businesses that are driving growth through technology, focusing on enterprise security and operations applications, cloud-based content and digital streaming services, and drone technology and service, among other industries.

PONO Capital was founded in 2021 and plans to list on the Nasdaq under the symbol PONOU. EF Hutton (formerly Kingswood Capital Markets) is the sole bookrunner on the deal.

Continue reading

Alarar Capital Group Securities Adds Underwriting License, Strengthening Global Capital Markets Platform

Alarar Capital Group Securities Adds Underwriting License, Strengthening Global Capital Markets Platform

Alarar Capital Group Securities LLC (“ARC Securities”), a wholly owned subsidiary of Alarar Capital Group, is pleased to announce that it has received approval from the Financial Industry Regulatory Authority (FINRA) to operate as a registered underwriting broker-dealer in the United States. This milestone marks a significant step in ARC Securities’ ongoing expansion of its global capital […]
Alarar Capital Group Appointed as Exclusive Financial Advisor to XRP Healthcare M&A Holding Inc. on Definitive Agreement for Proposed Qualifying Transaction with AAJ Capital 3 Corp.
Alarar Capital Group Joins Celebration of the Best Workplaces™ in Hong Kong 2025

Please complete this form to download the case study

This field is for validation purposes and should be left unchanged.
*Required before submission