Pono Capital Two Inc
For the period ended Jun 30, 2024. Filed Aug 16, 2024.
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A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.
Jun 30, 2024 · Filed Aug 16, 2024
SBC$5.04+0.4%Stored close · as of Nov 6, 2026
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Item 1. Condensed Consolidated Balance Sheets as of June 30, 2024 (Unaudited) and December 31, 2023
CONDENSED CONSOLIDATED BALANCE SHEETS
| June 30, 2024 | December 31, 2023 | |
|---|---|---|
| (Unaudited) | ||
| Assets: | ||
| Current assets: | ||
| Cash | $1,384,834 | $284,394 |
| Prepaid expenses | 59,253 | 110,149 |
| Total Current Assets | 1,444,087 | 394,543 |
| Marketable securities held in Trust Account | 18,081,721 | 20,850,793 |
| Total Assets | $19,525,808 | $21,245,336 |
| Liabilities and Stockholders’ Equity (Deficit): | ||
| Current liabilities: | ||
| Accounts payable | $76,988 | $43,910 |
| Accrued expenses | 659,634 | 480,050 |
| Promissory Note | 2,700,000 | 1,000,000 |
| Franchise tax payable | 15,545 | 72,978 |
| Income tax payable | 2,039 | 11,317 |
| Excise tax payable | 1,030,436 | 1,000,789 |
| Total Current Liabilities | 4,484,642 | 2,609,044 |
| Deferred underwriting fee payable | 4,025,000 | 4,025,000 |
| Total Liabilities | 8,509,642 | 6,634,044 |
| Commitments and Contingencies (Note 6) | ||
| Class A common stock subject to possible redemption, 188,645 and 1,922,750 shares at redemption value of $11.59 and $10.72 per share as of June 30, 2024 and December 31, 2023, respectively | $2,185,602 | $20,606,204 |
| Stockholders’ Equity (Deficit): | ||
| Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding | — | — |
| Class A common stock, $0.0001 par value; 100,000,000 shares authorized; 5,027,645 and 3,566,874 shares issued and outstanding (excluding 188,645 and 1,922,750 shares subject to possible redemption as of June 30, 2024 and December 31, 2023, respectively) | 503 | 357 |
| Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 1 share issued and outstanding at June 30, 2024 and December 31, 2023 | — | — |
| Additional paid-in capital | 15,426,142 | — |
| Accumulated deficit | (6,596,081) | (5,995,269) |
| Total Stockholders’ Equity (Deficit) | 8,830,564 | (5,994,912) |
| Total Liabilities and Stockholders’ Equity (Deficit) | $19,525,808 | $21,245,336 |
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