Certain Class B Common Stock of Pono Capital Two, Inc. are subject to a Lock-Up Agreement Ending on 31-JAN-2023.
January 31, 2023
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Certain Class B Common Stock of Pono Capital Two, Inc. are subject to a Lock-Up Agreement Ending on 31-JAN-2023. These Class B Common Stock will be under lockup for 180 days starting from 4-AUG-2022 to 31-JAN-2023.
Details:
The company &sponsor and officers and directors have agreed that, for a period of 180 days from the date of this prospectus, company and they will not, without the prior written consent of the underwriters, sell, offer to sell, contract or agree to sell, hypothecate, pledge, grant any option to purchase or otherwise dispose of or agree to dispose of, directly or indirectly, or establish or increase a put equivalent position or liquidate or decrease a call equivalent position within the meaning of Section 16 of the Exchange Act with respect to any units, shares of common stock warrants or any securities convertible into, or exercisable, or exchangeable for, shares of common stock, (ii) enter into any swap or other arrangement that transfers to another, in whole or in part, any of the economic consequences of ownership of any units, shares of common stock, warrants or any securities convertible into, or exercisable, or exchangeable for, shares of common stock, whether any such transaction is to be settled by delivery of such securities, in cash or otherwise, or (iii) publicly announce any intention to effect any transaction specified in clause (i) or (ii), subject to certain exceptions. The underwriters in thier sole discretion may release any of the securities subject to the lock-up agreement at any time without notice, other than in the case of the officers and directors, which shall be with notice
Pono Capital Two, Inc. is a blank check company. The Company is formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses. The Company is not limited to a particular industry or geographic region for purposes of consummating a business combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies. The Company has neither engaged in any operations nor generated any revenues.