Pono Capital Four, Inc.’s SEC filings document its SPAC structure, Nasdaq-listed securities, and material events following its initial public offering. The filings identify the company as a Cayman Islands exempted company and emerging growth company, and describe units consisting of one Class A ordinary share and one share right to receive one-fifth of one Class A ordinary share.
The company’s Form 8-K disclosures cover offering-related events, securities registered under PONOU, PONO, and PONOR, separate trading of unit components, capital-structure matters, governance status, and other SPAC disclosures related to its initial business-combination mandate.
Pono Capital Four, Inc. filed its quarterly report for the period from January 2, 2026 (inception) through March 31, 2026, covering its first months as a SPAC. The company completed its IPO on March 16, 2026, selling 12,000,000 units at $10.00 each and placing $120,000,000 into a trust account, which grew to $120,175,323 with interest by March 31.
Outside the trust, cash totaled $484,421 with working capital of $423,139. The company reported net income of $42,061, driven by $175,323 of interest on trust investments and a $32,000 gain on the over-allotment option, partially offset by $165,262 of formation, general and administrative expenses. Class A public shares subject to possible redemption were carried at a redemption value of approximately $10.01 per share.
Pono has 18 months from the IPO closing to complete a business combination, and management believes existing liquidity, plus access to up to $1,500,000 of potential working capital loans and a $100,000 business combination promissory note, is sufficient for at least one year from the financial statement issuance date.
Pono Capital Four, Inc. filed its quarterly report for the period from January 2, 2026 (inception) through March 31, 2026, covering its first months as a SPAC. The company completed its IPO on March 16, 2026, selling 12,000,000 units at $10.00 each and placing $120,000,000 into a trust account, which grew to $120,175,323 with interest by March 31.
Outside the trust, cash totaled $484,421 with working capital of $423,139. The company reported net income of $42,061, driven by $175,323 of interest on trust investments and a $32,000 gain on the over-allotment option, partially offset by $165,262 of formation, general and administrative expenses. Class A public shares subject to possible redemption were carried at a redemption value of approximately $10.01 per share.
Pono has 18 months from the IPO closing to complete a business combination, and management believes existing liquidity, plus access to up to $1,500,000 of potential working capital loans and a $100,000 business combination promissory note, is sufficient for at least one year from the financial statement issuance date.
Pono Capital Four, Inc. — Glazer Capital and Paul J. Glazer report beneficial ownership of 1,000,000 Class A ordinary shares (8.33%) as of 03/31/2026. The statement filed on 05/14/2026 discloses that Glazer Capital and Mr. Glazer share voting and dispositive power over those shares.
Pono Capital Four, Inc. — Glazer Capital and Paul J. Glazer report beneficial ownership of 1,000,000 Class A ordinary shares (8.33%) as of 03/31/2026. The statement filed on 05/14/2026 discloses that Glazer Capital and Mr. Glazer share voting and dispositive power over those shares.
Pono Capital Four Inc ownership disclosure: Decagon Asset Management LLP and Benjamin John Durham report shared beneficial ownership of 661,496 Class A ordinary shares, representing 5.43% of the class as of 03/31/2026. The filing states shared voting and shared dispositive power over those shares.
The filing is a Schedule 13G reporting passive/institutional ownership with signatures dated 05/07/2026.
Pono Capital Four Inc ownership disclosure: Decagon Asset Management LLP and Benjamin John Durham report shared beneficial ownership of 661,496 Class A ordinary shares, representing 5.43% of the class as of 03/31/2026. The filing states shared voting and shared dispositive power over those shares.
The filing is a Schedule 13G reporting passive/institutional ownership with signatures dated 05/07/2026.
Pono Capital Four, Inc. entered into a new financing arrangement with its sponsor, Mehana Capital LLC. As of May 6, 2026, the company issued an unsecured promissory note allowing it to borrow up to $100,000 to cover costs reasonably related to its initial business combination. The note bears no interest and becomes fully payable upon completion of the company’s first business combination. If no business combination is completed, repayment will be made only from funds available outside the company’s IPO trust account, limiting recourse to those external funds.
Pono Capital Four, Inc. announced that starting on May 5, 2026, holders of its units may elect to separately trade the Class A ordinary shares and share rights contained in each unit. Each unit consists of one Class A ordinary share with $0.0001 par value and one right to receive one-fifth of one share at the closing of the company’s initial business combination.
Units will continue trading on Nasdaq under the symbol PONOU, while separated Class A shares will trade under PONO and share rights under PONOR. Holders must have their brokers contact Continental Stock Transfer & Trust Company, the transfer agent, to separate units. The company is a SPAC focused on disruptive technology targets.
Pono Capital Four, Inc. reports that Whitebox Advisors LLC and Whitebox General Partner LLC each beneficially own 5.7% of Class A Ordinary Shares, representing 700,000 shares each. This percentage is calculated using 12,205,000 Class A Ordinary Shares expected to be outstanding upon closing of the issuer's initial public offering 03/16/2026, as stated in the prospectus. The holdings are reported as held for the benefit of WA's clients, with shared voting and dispositive power over 700,000 shares each. The statement is signed and filed by an authorized Whitebox signatory on 03/23/2026.
Pono Capital Four, Inc. completed its initial public offering of 12,000,000 units at $10.00 per unit, raising $120,000,000. Each unit includes one Class A ordinary share and one right to receive one-fifth of a Class A share after a business combination.
At the same time, the sponsor Mehana Ventures LLC and an institutional investor bought 190,000 private units for $1,900,000. In total, $120,000,000, including up to $2,500,000 of deferred underwriting commissions, was placed in a trust account for the benefit of public shareholders.
The audited balance sheet as of March 16, 2026 shows total assets of $120,626,136, with $120,000,000 held in the trust and $619,425 in cash. All 12,000,000 Class A shares issued in the IPO are classified as redeemable at an initial value of $10.00 per share, consistent with the SPAC’s structure and 18‑month completion window for a business combination.
Pono Capital Four Schedule 13G shows Mehana Ventures LLC, Mehana Management LLC and Dustin Shindo jointly reporting beneficial ownership of 4,939,221 Ordinary Shares, representing 28.5% of the class based on 17,347,857 Ordinary Shares outstanding as of March 16, 2026. The reported position comprises 160,000 Class A Ordinary Shares and 4,779,221 Class B Ordinary Shares, with the Class B shares convertible one-for-one into Class A upon consummation of a business combination (or earlier at holder option), subject to the issuer’s governing documents. The 160,000 Class A shares were acquired as part of private placement units dated March 12, 2026. Mehana Management LLC is the Sponsor’s managing member and has voting and dispositive power over the shares held of record by the Sponsor. Dustin Shindo is identified as manager and disclaims beneficial ownership of the Sponsor’s shares except to the extent of his pecuniary interest.
Pono Capital Four, Inc. insider Mehana Ventures LLC, a 10% owner and the sponsor, reported buying 160,000 private units for $1,600,000, or $10 per unit. Each private unit consists of one Class A ordinary share and one right, giving Mehana Ventures 160,000 Class A shares and 160,000 rights. Each right automatically converts into one-fifth of one Class A ordinary share upon completion of the company’s initial business combination, representing an additional 32,000 Class A shares if a deal is consummated.
Pono Capital Four, Inc. reported insider-related purchases tied to its sponsor entity. An entity associated with CEO and Chairman Dustin M. Shindo, Mehana Ventures LLC, owns 160,000 private units, each consisting of one Class A ordinary share and one right. The Form 4 shows indirect purchases of 160,000 rights to receive Class A ordinary shares and 160,000 Class A ordinary shares on March 16, 2026, with 160,000 shares held indirectly after each transaction. Footnotes state the private units were originally purchased at $10 per unit for an aggregate $1,600,000. Each right automatically converts into one-fifth of one Class A ordinary share upon completion of the issuer’s initial business combination. Shindo, through Mehana Management LLC, has voting and dispositive power over the sponsor’s holdings but disclaims beneficial ownership beyond any pecuniary interest.