Blank Check Company Pono Capital To Close Acquisition Of Japanese Flying Bike Maker, With Stock To Trade This Week: Bloomberg -- MarketWatch
Dow Jones
Feb 02, 2023
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
For more from MarketWatch: http://www.marketwatch.com/newsviewer
(END) Dow Jones Newswires
February 02, 2023 08:07 ET (13:07 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.