Mergers & Acquisitions ·
Pono Capital Four, Inc., a special purpose acquisition company, entered into a definitive Agreement and Plan of Merger…
PONOUPono Capital Four, Inc.
Pono Capital Four, Inc., a special purpose acquisition company, entered into a definitive Agreement and Plan of Merger with Blackstar Orbital Technologies Corporation on August 6, 2026. The transaction values Blackstar Orbital at $380 million and involves Blackstar Orbital merging with a Pono subsidiary to become a wholly owned subsidiary, after which Pono will change its name to Blackstar Orbital Corporation. Both boards unanimously approved the agreement, which is subject to shareholder approval and customary closing conditions, with an expected close in the first quarter of 2027. Blackstar Orbital develops reusable orbital spacecraft platforms for government and commercial customers.