Pono Capital Four, Inc. Announces Closing of $120,000,000 Initial Public Offering

GRAND CAYMAN, Cayman Islands, March 16, 2026 (GLOBE NEWSWIRE) -- Pono Capital Four, Inc. (Nasdaq: PONO) (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company, today announced the closing of its initial public offering of 12,000,000 units, at an offering price of $10.00 per unit, resulting in aggregate gross proceeds to the Company of $120,000,000. Each unit consists of one Class A ordinary share and one right (the “Share Right”) to receive one-fifth of one Class A ordinary share at the closing of the Company’s initial business combination. The units are listed on The Nasdaq Stock Market LLC (“Nasdaq”) and trade under the ticker symbol “PONOU”. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the Share Rights are expected to be traded on Nasdaq under the symbols “PONO” and “PONOR,” respectively.