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Pono Capital Corp Confirms Funding to Extend Period to Consummate Initial Business CombinationHonolulu, Hawaii, Nov. 09, 2022 (GLOBE NEWSWIRE) -- Pono Capital Corp (the “Company”) (Nasdaq: PONO), a special purpose acquisition company, today announced that Mehana Capital LLC, an affiliate of Mehana Equity LLC (the “Sponsor”), and AERWINS Technologies, Inc. (“AERWINS”), have each deposited $575,000 into the Company’s Trust account for its public stockholders, representing an aggregate of $0.10 per public share, allowing the Company to extend the period of time it has to consummate its initial business combination by three months from November 11, 2022 to February 13, 2023 (the “Extension”). The Extension is permitted under the Company’s governing documents.GlobeNewswire Inc. · Nov 10, 2022

AERWINS Technologies Inc., an air mobility platform company, announces signing of a definitive agreement for going public via a business combination with Pono Capital Corp., a NASDAQ listed company, to become a public company. Honolulu, Hawaii and Tokyo, Japan, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Pono Capital Corp. (NASDAQ: PONO, PONOW and PONOU), a special purpose acquisition company (“Pono”), today announced the execution of a definitive Agreement and Plan of Merger (the “Merger Agreement”) with AERWINS Technologies Inc., a Delaware corporation (“AERWINS”), the parent company of A.L.I. Technologies Inc., a Japanese corporation (“A.L.I.”). Pursuant to the Merger Agreement, it is intended that AERWINS will merger with Pono Merger Sub, Inc., a wholly owned subsidiary of Pono, with AERWINS continuing as the surviving corporation as a wholly owned subsidiary of Pono, with shareholders of AERWINS receiving shares of Class A Common Stock of Pono (the “Merger”). In connection with the Merger, it is expected that AERWINS will change its name to “Aerwins Technologies Operations, Inc.” and that Pono will then change its name to “AERWINS Technologies, Inc.”GlobeNewswire Inc. · Sep 7, 2022

Pono Capital Corp Confirms Funding to Extend Period to Consummate Initial Business CombinationHonolulu, Hawaii, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Pono Capital Corp (the “Company”) (Nasdaq: PONO), a special purpose acquisition company, today announced that Mehana Capital LLC, an affiliate of Mehana Equity LLC (the “Sponsor”), has deposited $1,150,000 into the Company’s Trust Account for its public stockholders, representing $0.10 per public share, allowing the Company to extend the period of time it has to consummate its initial business combination by three months from August 13, 2022 to November 11, 2022 (the “Extension”). The Extension is permitted under the Company’s governing documents.GlobeNewswire Inc. · Aug 10, 2022

Pono Capital Corp Announces Termination of Merger Agreement with Benuvia, Inc.Honolulu, Hawaii, Aug. 10, 2022 (GLOBE NEWSWIRE) -- Pono Capital Corp (NASDAQ: PONO) (the “Company” or “Pono”), a special purpose acquisition company, announced today that it has terminated its previously announced agreement and plan of merger (the “Business Combination Agreement”) with Benuvia, Inc. (“Benuvia”), by mutual agreement of all relevant parties. As a result, Pono will seek an alternative business combination.GlobeNewswire Inc. · Aug 10, 2022

Benuvia, a Leading Drug Developer Focused on Pharmaceutical Cannabinoids, with the FDA Approved Drug SYNDROS®, Signs Definitive Agreement to Become a Publicly Traded Company through a Business Combination with Pono Capital CorpROUND ROCK, TX AND HONOLULU, HI, March 18, 2022 (GLOBE NEWSWIRE) -- Benuvia, Inc. (“Benuvia” or the “Company”), a leading drug developer and manufacturer of active pharmaceutical ingredients focused on cannabinoids, with a growing portfolio of drug products and intellectual property, and Pono Capital Corp (“Pono”) (Nasdaq: PONOU), a publicly-traded special purpose acquisition company, announced today that they have entered into a definitive business combination agreement that will result, subject to the satisfaction or waiver of certain closing conditions, in Benuvia becoming a public company. Benuvia will apply to be listed on Nasdaq.GlobeNewswire Inc. · Mar 18, 2022

Pono Capital Corp. Announces the Separate Trading of Its Class A Common Stock and WarrantHONOLULU, HI, Oct. 05, 2021 (GLOBE NEWSWIRE) -- Pono Capital Corp. (“Pono Capital” or the “Company”) (NASDAQ:PONOU), a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses, today announced that holders of the units sold in the Company’s initial public offering of 10,000,000 units completed on August 13, 2021, may elect to separately trade the shares of Class A common stock and warrants included in the units commencing on October 8, 2021. Holders of units will need to have their broker contact Continental Stock Transfer & Trust Company, the Company’s transfer agent, in order to separate the units into shares of Class A common stock and warrants. Those units not separated will continue to trade on the Nasdaq Capital Market (“Nasdaq”) under the ticker symbol “PONOU,” and the Class A common stock and warrants that are separated will trade on Nasdaq under the symbols “PONO” and “PONOW,” respectively.GlobeNewswire Inc. · Oct 5, 2021

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