HONOLULU, HI, August 10, 2022 (GLOBE NEWSWIRE) — Pono Capital Corp.Company) (Nasdaq: PONO), the Special Purpose Acquisition Company today announced that Mehana Capital LLC, an affiliate of Mehana Equity LLC (“sponser), depositing $1,150,000 (equivalent to $0.10 per share of publicly traded stock) in the company’s trust account for public shareholders, and the period during which the company must complete its first business combination beginning August 13, 2022. We were able to extend it for three months until November 11, 2022 (“expansion”). Extensions are permitted under our governing documents.
Notes on Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including those relating to the proposed initial public offering and expected use of net proceeds. We cannot guarantee that the above offers will be completed on the terms stated, or that they will not take place at all, or that the net proceeds of the offer will be used as indicated. Forward-looking statements are subject to a number of conditions, many of which are set forth in the Risk Factors section of our registration statement and in our preliminary offering prospectus filed with the SEC. and other things that are beyond our control. Copies of these documents are available on the SEC’s website at www.sec.gov. We undertake no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
contact address
Dustin Shindo
Pono Capital Corporation
(808) 892-6611
dshindo@ponocorp.com
