Mergers & Acquisitions ·
On August 5, 2026, Pono Capital Four, Inc. entered into a Merger Agreement to acquire Blackstar Orbital Technologies…
PONOUPono Capital Four, Inc.
On August 5, 2026, Pono Capital Four, Inc. entered into a Merger Agreement to acquire Blackstar Orbital Technologies Corporation in a transaction valued at a $380 million base purchase price. Under the deal, Blackstar shareholders will receive an aggregate number of Parent Common Shares calculated by dividing the base price by the redemption price, with approximately 25% placed in escrow for six years. Pono Capital Four will domesticate as a Delaware corporation and rename itself Blackstar Orbital Corporation. The merger requires shareholder approval from both entities and is expected to close before December 31, 2026. Blackstar Orbital Technologies Corporation operates in the aerospace industry, designing and commercializing reusable spacecraft and orbital transportation systems.