Pono Capital Two, a special purpose acquisition company (SPAC) that focuses on the disruptive technology sector in Japan, has filed with the US Securities and Exchange Commission (SEC) to raise up to $100 million in an initial public offering (IPO).
The blank cheque company, led by CEO and director Darryl Nakamoto and chairman Dustin Shindo, plans to offer 10 million units at $10 each, with every unit consisting of one share of common stock and one-half of a warrant, exercisable at $11.50.