Mergers & Acquisitions ·
Amends merger agreement with Blackstar to reduce base purchase price from $380M to $200M
PONOPono Capital Four, Inc.
Pono Capital Four, Inc. entered into a First Amendment to its Merger Agreement with Blackstar Orbital Technologies Corporation on November 5, 2026. The amendment reduces the Base Purchase Price used to determine merger consideration from $380 million to $200 million. It also increases shares reserved for issuance under the Equity Incentive Plan from 6 million to 7.4 million and extends the Company Outside Closing Date from March 31, 2027, to June 30, 2027. Pono is a special purpose acquisition company (SPAC) focused on business combinations.