Blank check company Pono Capital to close acquisition of Japanese flying bike maker, with stock to trade this week: Bloomberg

Pono Capital Corp. PONO will close its previously announced acquisition of Japanese flying motorbike maker ALI Technologies Inc., as early as Friday for trading on the Nasdaq, Bloomberg reported Thursday. Under the deal, Delaware-based Aerwins Technologies, which is the U.S. unit of ALI Technologies, will own the company. Pono Capital announced the acquisition in September for $600 million in stock with plans to trade under the symbol AWIN.

... Pono Capital Corp. PONO will close its previously announced acquisition of Japanese flying motorbike maker ALI Technologies Inc., as early as Friday for trading on the Nasdaq, Bloomberg reported Thursday. Under the deal, Delaware-based Aerwins Technologies, which is the U.S. unit of ALI Technologies, will own the company. Pono Capital announced the acquisition in September for $600 million in stock with plans to trade under the symbol AWIN.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dutch, Japanese curbs on chip equipment to China may not be tough enough -industry groupA chip industry group is warning that if U.S. allies do not adopt curbs on semiconductor manufacturing equipment to China that are comparable to U.S. controls, they will not be effective.
Source: Reuters - 🏆 2. / 97 Read more »