{"id":429,"date":"2021-06-16T11:57:22","date_gmt":"2021-06-16T16:57:22","guid":{"rendered":"https:\/\/arc-group.com\/tech-spac-pono-capital-files-for-a-100-million-ipo\/"},"modified":"2025-01-23T11:56:40","modified_gmt":"2025-01-23T16:56:40","slug":"tech-spac-pono-capital-files-for-a-100-million-ipo","status":"publish","type":"post","link":"https:\/\/arc-group.com\/tech-spac-pono-capital-files-for-a-100-million-ipo\/","title":{"rendered":"Tech SPAC PONO Capital files for a $100 million IPO"},"content":{"rendered":"

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

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.<\/p>\n

The company is led by\u00a0CEO and Director\u00a0Dustin Shindo<\/strong>, the CEO of Junify, a provider of\u00a0zero trust network access software, and former CEO of Pono Health. The company plans to target\u00a0high-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.<\/p>\n

PONO Capital was founded in 2021 and plans to list on the Nasdaq under the symbol\u00a0PONOU<\/a>. EF Hutton (formerly Kingswood Capital Markets) is the sole bookrunner on the deal.<\/p>\n","protected":false},"excerpt":{"rendered":"

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 […]<\/p>\n","protected":false},"author":3,"featured_media":430,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"_uf_show_specific_survey":0,"_uf_disable_surveys":false,"footnotes":""},"categories":[20],"tags":[],"news_type":[41],"class_list":["post-429","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","news_type-news"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/429","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/comments?post=429"}],"version-history":[{"count":1,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/429\/revisions"}],"predecessor-version":[{"id":5657,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/posts\/429\/revisions\/5657"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/media\/430"}],"wp:attachment":[{"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/media?parent=429"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/categories?post=429"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/tags?post=429"},{"taxonomy":"news_type","embeddable":true,"href":"https:\/\/arc-group.com\/wp-json\/wp\/v2\/news_type?post=429"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}