#Pono #Capital #Corp #confirms #funding #extend #period
Honolulu, Hawaii, 09/11/2022 (GLOBE NEWSWIRE) — Pono Capital Corp (the “company“) (Nasdaq: PONO), a special purpose acquisition company, announced today that Mehana Capital LLC, a subsidiary of Mehana Equity LLC (the “sponsor“), and AERWINS Technologies, Inc. (“AERWINS‘), have each deposited $575,000 into the Company’s escrow account for its public shareholders, totaling $0.10 per public share, increasing the Company’s time available to consummate its original business combination by three months from February 11, 2022 to February 13, 2023 (the “renewal“). The extension is permitted according to the company’s relevant documents.
As previously announced, on September 7, 2022, the Company entered into an agreement and plan of merger (the “merger agreement“) by and between the Company, Pono Merger Sub, Inc., AERWINS, the Sponsor and Shuhei Komatsu.
Important information about the proposed business combination and where to…
Read on GNW: Pono Capital Corp confirms funding to extend period
