Pono Capital Two, Inc.
We are a new blank check company (SPAC) with a focus on Japan and its tech-enabled companies. Our sponsor is Mehana Capital LLC. (Incorporated in Delaware)
We intend to focus our search for a target business addressing a large market opportunity with a company that is driving its growth through technology. Potential industries that fit this focus are enterprise security and operations applications, cloud-based content and digital streaming services, drone technology and service, Artificial Intelligence (“AI”) companies, consumer healthcare and wellness, biomedical technology, entertainment/gaming companies, distance learning, and e-sports companies.
We believe that now is a particularly attractive time to pursue a business combination, particularly in Japan, which has been underrepresented in the SPAC acquisition market despite its ranking as the world’s third-largest economy.
We believe that there are many target companies that could become attractive public companies, and we will seek a target in the disruptive technology sector with a spotlight on companies in Asia with Japan in particular. Japan is home to some well-known companies, particularly in the area of consumer electronics.1 In recent years, more than half of Japanese companies have net cash versus 10 percent to 20 percent in Western developed markets – and the ability of businesses to increase dividends and share buybacks, which could see greater value ascribed to shares.2 Japanese stocks are therefore becoming interesting for investors seeking a secure and growing dividend income, and ideally some growth on top.3 The dividend yield exceeds that of the US market, but on average, Japanese businesses are only paying out a third of profits as dividends, so there is significant room for pay-outs to grow.3 While we may pursue an initial business combination target in any industry or geographic region, we will seek to capitalize on the operational and investment experience of our management team and focus on disruptive technology companies that we believe have significant growth prospects and the potential to generate attractive returns for our stockholders. We expect to focus on identifying potential target companies with above-industry-average growth, and a defensible market position where our management team’s operational, strategic, or managerial expertise can assist in maximizing value.
Darryl Nakamoto serves as our CEO and a director. He is an entrepreneur and executive with over 20 years of industry experience, including his former role as the CFO of Hoku Scientific, a then publicly traded clean energy company based in Honolulu. Since 2017, Mr. Nakamoto has served as President and Owner of Viv, LLC, a successful accounting and finance solutions provider.
(Note: Pono Capital Two, Inc. priced its SPAC IPO on Aug. 4, 2022, in line with the terms in its prospectus: 10 million units at $10 each to raise $100 million. This brings the total number of SPAC IPOs priced so far in 2022 to 72.)
|Address||643 Ilalo St. #102 Honolulu, Hawaii 96816|
|Phone Number||(808) 892-6611|
|View Prospectus:||Pono Capital Two, Inc.|
|Revenues||$0 mil (last 12 months)|
|Net Income||$0 mil (last 12 months)|
|Price range||$10.00 - $10.00|
|Est. $ Volume||$100.0 mil|
|Manager / Joint Managers||EF Hutton|
|Expected To Trade:||8/5/2022|
|Quiet Period Expiration Date:||Available only to Subscribers|
|Lock-Up Period Expiration Date:||Available only to Subscribers|
|SCOOP Rating||Available only to Subscribers|
|Rating Change||Available only to Subscribers|