PONO Capital, a blank check company targeting businesses driving growth through technology, raised $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and three-quarters of a warrant, exercisable at $11.50.
The company is led by CEO and Director Dustin Shindo, the CEO of Junify, a provider of zero trust network access software, and former CEO of Pono Health. The company plans to target high-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.
PONO Capital plans to list on the Nasdaq under the symbol PONOU. EF Hutton acted as a lead manager on the deal.
