Blank Check Company Pono Capital To Close Acquisition Of Japanese Flying Bike Maker, With Stock To Trade This Week: Bloomberg -- MarketWatch

Dow Jones
2023/02/02

Pono Capital Corp. (PONO) will close its previously announced acquisition of Japanese flying motorbike maker ALI Technologies Inc., as early as Friday for trading on the Nasdaq, Bloomberg reported Thursday. Under the deal, Delaware-based Aerwins Technologies, which is the U.S. unit of ALI Technologies, will own the company. Pono Capital announced the acquisition in September for $600 million in stock with plans to trade under the symbol AWIN.

-Steve Gelsi

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February 02, 2023 08:07 ET (13:07 GMT)

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