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Pono Capital Three has announced that holders of its units from the initial public offering, totaling 11,500,000 units completed on February 14, 2023, may begin trading Class A ordinary shares and warrants separately starting April 3, 2023. Unseparated units will continue trading under the ticker PTHRU on Nasdaq, while separated shares and warrants will trade under PTHR and PTHRW, respectively.
The offering followed a registration statement filed on November 10, 2022, declared effective on February 9, 2023. This press release does not constitute an offer or solicitation to purchase any securities.
Pono Capital Three announced the closing of its initial public offering (IPO) of 10 million units at $10.00 per unit, effective February 14, 2023. This includes 1.5 million units from the underwriters' over-allotment option. The units began trading on Nasdaq under the ticker PTHRU on February 10, 2023. Each unit comprises one Class A ordinary share and one redeemable warrant, the latter allowing purchase at $11.50 per share. The Company focuses on potential acquisitions in the disruptive technology sector, particularly in Asia, emphasizing Japan.
Pono Capital Three, Inc. has priced its initial public offering (IPO) of 10,000,000 units at $10.00 per unit, set to list on Nasdaq under the ticker symbol PTHRU on February 10, 2023. Each unit includes one Class A ordinary share and one redeemable warrant, allowing the purchase of an additional share at $11.50. The IPO is expected to close on February 14, 2023. EF Hutton is the sole book-running manager and has a 45-day option for an additional 1,500,000 units to cover over-allotments. The firm aims to merge with target companies, focusing on the disruptive technology sector, particularly in Asia.