Pono Capital Four issues up to $100,000 unsecured, interest-free note to sponsor
Pono Capital Four, Inc., a special purpose acquisition company, issued an unsecured promissory note of up to $100,000 to its sponsor, Mehana Capital LLC, to fund costs related to its business combination. The note bears no interest and is payable in full only upon completion of an initial business combination, and it would be repaid from funds outside the trust account if no combination is completed.
Key points
- Note principal of up to $100,000, dated as of May 6, 2026, issued to sponsor Mehana Capital LLC
- Company can draw down the full $100,000; sponsor funds each request within five business days
- Note bears no interest and is due upon consummation of an initial business combination
- If no business combination is completed, repayment comes only from funds outside the trust account
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on May 12, 2026.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.