Pono Capital Four, Inc.’s (NASDAQ:PONO) Lock-Up Period Set To Expire on September 9th

Pono Capital Four’s (NASDAQ:PONO) lock-up period will end on Wednesday, September 9th. Pono Capital Four had issued 12,000,000 shares in its public offering on March 13th. The total size of the offering was $120,000,000 based on an initial share price of $10.00. Shares of the company owned by company insiders and major shareholders will be eligible for trade following the expiration of the lock-up period.

Analysts Set New Price Targets

Separately, Weiss Ratings started coverage on shares of Pono Capital Four in a report on Friday, August 14th. They issued a “sell (e)” rating for the company. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, the stock presently has a consensus rating of “Sell”.

Pono Capital Four Trading Up 0.1%

PONO stock opened at $10.02 on Friday. The company has a 50 day simple moving average of $10.00. Pono Capital Four has a 12-month low of $9.84 and a 12-month high of $10.04.

Institutional Investors Weigh In On Pono Capital Four

An institutional investor recently bought a new stake in Pono Capital Four stock. Harraden Circle Investments LLC acquired a new position in Pono Capital Four, Inc. (NASDAQ:PONO) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 385,464 shares of the company’s stock, valued at approximately $3,839,000. Harraden Circle Investments LLC owned approximately 2.57% of Pono Capital Four as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 74.11% of the company’s stock.

Pono Capital Four Company Profile

Pono Capital Four Inc is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.