GRAND CAYMAN, Cayman Islands, March  16, 2026  (GLOBE NEWSWIRE) --  Pono Capital Four, Inc. (NASDAQ:PONO) (the &#34;Company&#34;), a newly organized special purpose acquisition company formed as a Cayman Islands exempted

PONO

Pono Capital Four, Inc. Announces Closing of $120,000,000 Initial Public Offering

Pono Capital Four Raises $120 Million in Successful IPO

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>GRAND CAYMAN, Cayman Islands, March  16, 2026  (GLOBE NEWSWIRE) --  Pono Capital Four, Inc. (NASDAQ:PONO) (the &amp;#34;Company&amp;#34;), a newly organized special purpose acquisition company formed as a Cayman Islands exempted</p>
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  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Pono Capital Four (PONO) successfully raised $120 million through its IPO, consisting of 12 million units priced at $10 each. The proceeds will facilitate potential business combinations primarily in the disruptive technology sector, setting the stage for growth and establishing a clearer investment trajectory for PONO.</p>
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  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Pono Capital Four closed its IPO, raising $120 million.</li><li>The offering comprised 12 million units at $10 each.</li><li>Units will begin trading under the ticker PONOU on Nasdaq.</li><li>Proceeds aim to target business combinations, focusing on disruptive technology.</li><li>The firm is led by CEO Dustin Shindo.</li></ul>
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  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Pono Capital Four, Inc. (PONO)</strong>: PONO&#039;s focus on disruptive technology may attract high-growth opportunities.</li></ul>
  </section>

  <section data-block="category">
    <h3>Corporate Developments</h3>
    <p>This news fits within the &#039;Corporate Developments&#039; category as it involves Pono Capital Four&#039;s recent IPO and strategic intentions for business combinations. The outcome of these developments could significantly impact PONO&#039;s market positioning and future growth potential.</p>
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  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>The successful IPO may boost investor confidence in PONO&#039;s acquisition strategy.</li><li>Targeting disruptive technology could enhance PONO&#039;s growth prospects and valuation.</li><li>Future business combinations may lead to increased stock liquidity and market interest.</li><li>Potential separate trading of units could create volatility around ticker transitions.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>IPO closed on March 16, 2026, raising $120 million.</li><li>Company formed as a SPAC focusing on disruptive technology.</li><li>Each unit consists of one Class A share and one right.</li><li>Shares will trade under the symbol PONO after unit separation.</li><li>Offering price was set at $10 per unit.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>PONO presents a buy opportunity as it seeks strategic acquisitions in technology.</p>
  </section>
</section>


<link type="text/css" rel="stylesheet" href="https://www.globenewswire.com/styles/gnw_nitf.css"></link><p align="justify">GRAND CAYMAN, Cayman Islands, March  16, 2026  (GLOBE NEWSWIRE) --  Pono Capital Four, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/quote/PONO">PONO</a>) (the "Company"), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the closing of its initial public offering of 12,000,000 units, at an offering price of $10.00 per unit, resulting in aggregate gross proceeds to the Company of $120,000,000. Each unit consists of one Class A ordinary share and one right (the "Share Right") to receive one-fifth of one Class A ordinary share at the closing of the Company's initial business combination. The units are listed on The Nasdaq Stock Market LLC ("Nasdaq") and trade under the ticker symbol "PONOU". Once the securities comprising the units begin separate trading, the Class A ordinary shares and the Share Rights are expected to be traded on Nasdaq under the symbols "PONO" and "PONOR," respectively.</p>  <p align="justify">The Company intends to use the net proceeds from the offering and the simultaneous private placement of units to pursue and consummate a business combination.</p>  <p align="justify">D. Boral Capital LLC is acting as sole book-running manager for the offering. Loeb &amp; Loeb LLP served as legal counsel to the Company. Winston &amp; Strawn LLP served as legal counsel to the underwriters.</p>  <p align="justify">The offering was made only by means of a prospectus. Copies of the prospectus may be obtained from: D. Boral Capital LLC, 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at <a href="https://www.globenewswire.com/Tracker?data=b9zhdltF7_MUQmS2d7wq4ArUNjaD05QcrrQeRweRQXLO5mrvSnpq9kJxZO_uIIUAVh-9sDf_50FRzl03LmKcCe0ocmW25FQUIxuZegFvyesy7tYNr_aZWX-TLtU6PHtxzNMDQiym3sEJRYoOFP-YWQ==" rel="nofollow" target="_blank">dbccapitalmarkets@dboralcapital.com</a>, or by telephone at +1 (212) 970-5150, or by accessing the website of the Securities and Exchange Commission ("SEC") at <a href="https://www.globenewswire.com/Tracker?data=d_g_XvWm9mxfrGu0ZZaHxVuD2JA1h2wTJGnzUMMJbq3qIxC_cLtsaN5y_4LETg38n36rIDpyOFIq8VUDx-9eqw==" rel="nofollow" target="_blank">www.sec.gov</a>.</p>  <p align="justify">A registration statement relating to the securities has been filed with, and declared effective by, the SEC. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, 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.</p>  <p align="justify"><b>About Pono Capital Four, Inc.</b></p>  <p align="justify">Pono Capital Four, Inc. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue a business combination in any sector, the Company will primarily focus on target businesses in the disruptive technology sector. The Company's management team is led by Dustin Shindo, its Chief Executive Officer and Chairman of the Board of Directors.</p>  <p align="justify"><b>Forward-Looking Statements</b></p>  <p align="justify">This press release contains statements that constitute "forward-looking statements," including with respect to the anticipated use of the net proceeds thereof and the Company's search for an initial business combination. No assurance can be given that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company's registration statement and prospectus for the initial public offering filed with the SEC. Copies are available on the SEC's website, <a href="https://www.globenewswire.com/Tracker?data=d_g_XvWm9mxfrGu0ZZaHxaYV4JLPYUEE7tzXFmqmJrAWkAQZpzF2ves1ATM4I6ZSJcfb2eI1nZx3lnJhMJDjqg==" rel="nofollow" target="_blank">www.sec.gov</a>. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.</p>  <p><b>Contacts:</b></p>  <p align="justify">Dustin Shindo<br></br>Chief Executive Officer<br></br><a href="https://www.globenewswire.com/Tracker?data=4ufSAQngxw-j-Cubs3W-f-Wfedi9TVKGCQDPkPVRBq8T_DAF33bkfW3AXhfA2bnFJ65NNSR8loD18bXXQ2Yj7WgwkdsjvkNmTmIM_15-634=" rel="nofollow" target="_blank">dustin@mehana.com</a> </p> <img alt="" class="__GNW8366DE3E__IMG" src="https://www.globenewswire.com/newsroom/ti?nf=OTY3MzA4MCM3NDg4NDk4IzUwMDE1OTczOQ=="></img> <br></br><img alt="" src="https://ml.globenewswire.com/media/ZjZhZWE4MGMtZmNlYy00N2MzLWJmMDAtY2UwZjllYTU0NGQ3LTUwMDE1OTczOS0yMDI2LTAzLTE2LWVu/tiny/Pono-Capital-Four-Inc-.png" referrerpolicy="no-referrer-when-downgrade"></img>

Pono Capital Four (PONO) successfully raised $120 million through its IPO, consisting of 12 million units priced at $10 each. The proceeds will facilitate potential business combinations primarily in the disruptive technology sector, setting the stage for growth and establishing a clearer investment trajectory for PONO.

Pono Capital Four, Inc. Announces Closing of $120,000,000 Initial Public Offering

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Corporate Developments

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