Pono Capital Two priced its $100 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “PTWOU” Friday, August 5, 2022.

The new SPAC will focus its efforts on identifying a category defining company that is leveraging technology in large, growing, or established markets led by exceptional management teams, particularly in Japan. Pono Capital Two is led by CEO Darryl Nakamoto, CFO Allison van Orman, and Chairman of the Board Dustin Shindo.

Total SPAC deal count for 2022 year-to-date is now 72. This offering is expected to close on Tuesday, August 9.

EF Hutton, a division of Benchmark Investments, LLC, is acting as the sole book-running manager for the offering. Nelson Mullins Riley & Scarborough LLP is serving as Issuer’s Counsel with Kirkland & Ellis LLP serving as Underwriter’s Counsel. Marcum LLP serves as auditor. Continental Stock Transfer & Trust Company is acting as trustee.