Pono Capital Two, Inc. Files Q2 2024 10-Q Report

TL;DR

Pono Capital Two, Inc. filed its Q2 2024 10-Q. All systems go.

AI Summary

Pono Capital Two, Inc. filed its quarterly report for the period ending June 30, 2024. The company, incorporated in Delaware, is based in Honolulu, Hawaii, and its principal executive offices are located at 643 Ilalo St. #102. The filing is a quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934.

Why It Matters

This filing provides investors with an update on Pono Capital Two, Inc.'s financial performance and operational status for the second quarter of 2024.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial and operational information.

Key Numbers

• 001-41462 — SEC File Number (Identifies the company's filings with the SEC.)
• 1231 — Fiscal Year End (Indicates the end of the company's annual accounting period.)

Key Players & Entities

• Pono Capital Two, Inc. (company) — Registrant
• June 30, 2024 (date) — Quarterly period end date
• Delaware (jurisdiction) — State of incorporation
• Honolulu, Hawaii (location) — Principal executive offices location
• 001-41462 (identifier) — SEC File Number

FAQ

Key Financial Figures

• $0.0001 — tock Market LLC Class A Common Stock, $0.0001 par value per share PTWO The Nasdaq Sto
• $11.50 — A Common Stock at an exercise price of $11.50 per share PTWOW The Nasdaq Stock Market

Filing Documents

• ea0210361-10q_ponocap2.htm (10-Q) — 612KB
• ea021036101ex31-1_ponocap2.htm (EX-31.1) — 15KB
• ea021036101ex31-2_ponocap2.htm (EX-31.2) — 15KB
• ea021036101ex32-1_ponocap2.htm (EX-32.1) — 7KB
• ea021036101ex32-2_ponocap2.htm (EX-32.2) — 7KB
• 0001213900-24-070251.txt ( ) — 4285KB
• ptwo-20240630.xsd (EX-101.SCH) — 46KB
• ptwo-20240630_cal.xml (EX-101.CAL) — 19KB
• ptwo-20240630_def.xml (EX-101.DEF) — 227KB
• ptwo-20240630_lab.xml (EX-101.LAB) — 359KB
• ptwo-20240630_pre.xml (EX-101.PRE) — 222KB
• ea0210361-10q_ponocap2_htm.xml (XML) — 444KB

SIGNATURES

SIGNATURES 33 i PONO CAPITAL TWO, INC. CONDENSED CONSOLIDATED BALANCE SHEETS June 30, 2024 December 31, 2023 (Unaudited) Assets: Current assets: Cash $ 1,384,834 $ 284,394 Prepaid expenses 59,253 110,149 Total Current Assets 1,444,087 394,543 Marketable securities held in Trust Account 18,081,721 20,850,793 Total Assets $ 19,525,808 $ 21,245,336 Liabilities and Stockholders' Equity (Deficit): Current liabilities: Accounts payable $ 76,988 $ 43,910 Accrued expenses 659,634 480,050 Promissory Note 2,700,000 1,000,000 Franchise tax payable 15,545 72,978 Income tax payable 2,039 11,317 Excise tax payable 1,030,436 1,000,789 Total Current Liabilities 4,484,642 2,609,044 Deferred underwriting fee payable 4,025,000 4,025,000 Total Liabilities 8,509,642 6,634,044 Commitments and Contingencies (Note 6) Class A common stock subject to possible redemption, 188,645 and 1,922,750 shares at redemption value of $ 11.59 and $ 10.72 per share as of June 30, 2024 and December 31, 2023, respectively $ 2,185,602 $ 20,606,204 Stockholders' Equity (Deficit): Preferred stock, $ 0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding — — Class A common stock, $ 0.0001 par value; 100,000,000 shares authorized; 5,027,645 and 3,566,874 shares issued and outstanding (excluding 188,645 and 1,922,750 shares subject to possible redemption as of June 30, 2024 and December 31, 2023, respectively) 503 357 Class B common stock, $ 0.0001 par value; 10,000,000 shares authorized; 1 share issued and outstanding at June 30, 2024 and December 31, 2023 — — Additional paid-in capital 15,426,142 — Accumulated deficit ( 6,596,081 ) ( 5,995,269 ) Total Stockholders' Equity (Deficit) 8,830,564 ( 5,994,912 ) Total Liabilities and Stockholders' Equity (Deficit) $ 19,525,808 $ 21,245,336 The accompanying notes are an integral part of these unaudited condensed consolidated financial

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View this 10-Q filing on SEC EDGAR