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Honolulu, Hawaii, August. 10, 2022 (GLOBE NEWSWIRE) — Pono Capital Corporation (ofCompany”) (Nasdaq: PONO ), a special purpose buyout company, announced today that Mehana Capital LLC, an affiliate of Mehana Equity LLC (the ”).Sponsor”), deposited $1,150,000 into the Company’s trust account for public shareholders, representing $0.10 per public share, allowing the Company to extend the initial business combination by three months from August 13, 2022 to November 11, 2022. , 2022Extension”) extension is permitted in the company’s governing documents.
Warning statement regarding Forward-looking statements
This press release contains statements that include “forward-looking statements,” including the use of net proceeds and the proposed initial public offering. No assurance can be given that the offering described above will be completed on the terms set forth or at all or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to a number of conditions, many of which are beyond the Company’s control, including those listed in the Risk Factors section of the Company’s registration statement and the Company’s preliminary filings with the SEC. Copies of these documents are available on the SEC’s website at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contacts
Dustin Shindo
Pono Capital Corporation
(808) 892-6611
dshindo@ponocorp.com
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