February 2, 2023

Blank check company Pono Capital to close acquisition of Japanese flying bike maker, with stock to trade this week: Bloomberg

Pono Capital Corp.
PONO,
+12.53%
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.

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