Pono Capital Four, Inc. Form 8-K — Nov 6, 2026
Pono Capital Four entered a First Amendment to its Merger Agreement with Blackstar Orbital Technologies on November 5, 2026, cutting the Base Purchase Price from $380 million to $200 million — a roughly 47% reduction in the deal value. The amendment also increases the Equity Plan Reserve for the target from 6.0 million to 7.4 million Parent Shares and extends the outside closing date from March 31, 2027 to June 30, 2027.
Key figures
- Deal Value Usd
- 200000000
- Outside closing date
- 2027-06-30
- Merger agreement date
- 2026-08-05
- Prior outside closing date
- 2027-03-31
- Prior base purchase price usd
- 380000000
- Equity plan reserve shares new
- 7400000
- Equity plan reserve shares prior
- 6000000
AI analysis
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