Pono Capital Four, Inc. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, and reorganization with one or more businesses.
Blackstar Orbital Technologies, an innovative developer of advanced reusable spacecraft announces the signing of a definitive agreement to go public via a business combination with Pono Capital Four, a Nasdaq listed company.
Pono Capital Four signed a definitive agreement to merge with Blackstar Orbital Technologies, valuing the reusable spacecraft developer at $380 million.
Blackstar’s SpaceDrone platform is designed for orbital payload recovery and reuse, backed by $1.9 million in U.S. government funding and over $120 million in commercial LOIs.
The transaction is expected to close in the first quarter of 2027, at which point Pono will change its name to Blackstar Orbital Corporation.