PONO Capital Corp - Ordinary Shares - Class A

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Mergers / Acquisitions

Benuvia Signs Agreement To Become Publicly Traded Company Through A Business Combination With Pono Capital Corp

Published: 03/18/2022 10:10 GMT
PONO Capital Corp - Ordinary Shares - Class A (PONO) - Benuvia, a Leading Drug Developer Focused on Pharmaceutical Cannabinoids, With the FDA Approved Drug Syndros®, Signs Definitive Agreement to Become a Publicly Traded Company Through a Business Combination With Pono Capital Corp.
Benuvia - Transaction Implies a Combined Company Pro Forma Enterprise Value of $440 Million.
Benuvia - Expects to Receive Up to $115 Million in Estimated Gross Transaction Proceeds Assuming No Redemptions.
Benuvia - No Pipe Transaction is Expected As Part of Transaction.