Pono Capital Two in an 8-K filing today announced a definitive merger agreement with Tokyo-based SBC Medical in a deal valued at $1.2 billion.
SBC Medical Group specializes in medical care and special treatment including cosmetic surgery, infertility, dental, and orthopedics.
Pono Two has about $117.9 million in trust after raising $100 million in an IPO less than five months ago.
The 8-K notes that SBC would receive $1.2 billion in Pono securities. The filing does not mention any other potential funding sources. Read more.
