Pono Capital Two Inc
For the period ended Dec 31, 2023. Filed Mar 19, 2024.
View on SEC.govAbout this filing
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FY2023 · Filed Mar 19, 2024
SBC$5.26+4.4%Stored close · as of Nov 9, 2026
Extracted filing text, with the paragraph anchors used by the comparison.
See the whole filing, with its images and exhibitsContents
Consolidated Balance Sheets
| December 31, 2023 | December 31, 2022 | |
|---|---|---|
| Assets: | ||
| Current assets: | ||
| Cash | $284,394 | $485,564 |
| Prepaid expenses | 110,149 | 236,625 |
| Total Current Assets | 394,543 | 722,189 |
| Marketable securities held in Trust Account | 20,850,793 | 119,220,016 |
| Total Assets | $21,245,336 | $119,942,205 |
| Liabilities and Stockholders’ Deficit: | ||
| Current liabilities: | ||
| Accounts payable | $43,910 | $79,440 |
| Accrued expenses | 480,050 | 76,420 |
| Convertible Promissory Note | 1,000,000 | — |
| Franchise tax payable | 72,978 | 161,644 |
| Income tax payable | 11,317 | 248,508 |
| Excise tax payable | 1,000,789 | — |
| Total Current Liabilities | 2,609,044 | 566,012 |
| Deferred underwriting fee payable | 4,025,000 | 4,025,000 |
| Total Liabilities | 6,634,044 | 4,591,012 |
| Commitments and Contingencies (Note 6) | - | |
| Class A common stock subject to possible redemption, 1,922,750 and 11,500,000 shares at redemption value of $10.72 and $10.32 per share as of December 31, 2023 and 2022, respectively | 20,606,204 | 118,709,864 |
| Stockholders’ 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; 3,566,8741 and 691,875 shares issued and outstanding (excluding 1,922,750 and 11,500,000 shares subject to possible redemption) at December 31, 2023 and December 31, 2022, respectively | 357 | 69 |
| Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 1 and 2,875,000 issued and outstanding at December 31, 2023 and December 31, 2022, respectively | — | 288 |
| Additional paid-in capital | — | — |
| Accumulated deficit | (5,995,269) | (3,359,028) |
| Total Stockholders’ Deficit | (5,994,912) | (3,358,671) |
| Total Liabilities and Stockholders’ Deficit | $21,245,336 | $119,942,205 |
| 1 | 2,874,999 converted Class B shares are not subject to possible redemption |
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.