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

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. After the expiration of the company’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings started coverage on Pono Capital Four in a research note on Friday, August 14th. They set a “sell (e)” rating on the stock. One investment analyst has rated the stock with a Sell rating, Based on data from MarketBeat, Pono Capital Four presently has an average rating of “Sell”.

Pono Capital Four Stock Performance

Pono Capital Four stock opened at $10.03 on Friday. Pono Capital Four has a twelve month low of $9.84 and a twelve month high of $10.06. The stock’s fifty day moving average is $10.00.

Institutional Trading of Pono Capital Four

A hedge fund recently bought a new stake in Pono Capital Four stock. Lineage Point Capital LP purchased a new stake in Pono Capital Four, Inc. (NASDAQ:PONO) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 171,341 shares of the company’s stock, valued at approximately $1,736,000. Lineage Point Capital LP owned 1.14% of Pono Capital Four at the end of the most recent reporting period. 74.11% of the stock is owned by institutional investors.

About Pono Capital Four

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.