Pono Capital Corp. Announces the Separate Trading of Its Class A Common Stock and Warrant
06 Oktober 2021 - 12:00AM
Pono Capital Corp. (“Pono Capital” or the “Company”)
(NASDAQ:PONOU), a blank check company formed for the purpose of
effecting a merger, capital stock exchange, asset acquisition,
stock purchase, reorganization, or similar business combination
with one or more businesses, today announced that holders of the
units sold in the Company’s initial public offering of 10,000,000
units completed on August 13, 2021, may elect to separately trade
the shares of Class A common stock and warrants included in the
units commencing on October 8, 2021. Holders of units will need to
have their broker contact Continental Stock Transfer & Trust
Company, the Company’s transfer agent, in order to separate the
units into shares of Class A common stock and warrants. Those units
not separated will continue to trade on the Nasdaq Capital Market
(“Nasdaq”) under the ticker symbol “PONOU,” and the Class A common
stock and warrants that are separated will trade on Nasdaq under
the symbols “PONO” and “PONOW,” respectively.
The securities described above were offered by
the Company pursuant to a registration statement on Form S-1 (File
No. 333-257150) that was originally filed with the Securities and
Exchange Commission (“SEC”) on June 16, 2021 and declared effective
on August 10, 2021. The offering was made only by means of a
prospectus, copies of which may be obtained from: EF Hutton,
division of Benchmark Investments, LLC, 590 Madison Ave, 39th
Floor, New York, NY 10022, Attention: Syndicate Department, or via
email at syndicate@efhuttongroup.com or telephone at
(212) 404-7002, or by visiting EDGAR on the SEC’s website at
www.sec.gov.
This press release shall not constitute an offer
to sell or the solicitation of an offer to buy any of the
securities described herein, nor shall there be any sale of these
securities in any state or jurisdiction in which such offer,
solicitation or sale would be unlawful prior to registration or
qualification under the securities laws of any such state or
jurisdiction.
Forward-Looking Statements
This press release contains statements that
constitute "forward-looking statements," including with respect to
the Company's initial public offering and search for an initial
business combination. Forward-looking statements are statements
that are not historical facts. Such forward-looking statements are
subject to risks and uncertainties, which could cause actual
results to differ from the forward-looking statements. The Company
expressly disclaims any obligations or undertaking to release
publicly any updates or revisions to any forward-looking statements
contained herein to reflect any change in the Company’s
expectations with respect thereto or any change in events,
conditions or circumstances on which any statement is based, except
as required by law.
Contact
Dustin ShindoPono Capital Corp. Phone: (808) 892-6611
Pono Capital (NASDAQ:PONOU)
Historical Stock Chart
Von Jun 2024 bis Jul 2024
Pono Capital (NASDAQ:PONOU)
Historical Stock Chart
Von Jul 2023 bis Jul 2024