Pono Capital Four, Inc. filed a Form 10-Q with the SEC on November 12, 2026, covering the quarterly period ended September 30, 2026, its first such report since the company's inception on January 2, 2026.

Key Highlights

  • Trust Account balance: Cash and marketable securities held in Trust Account totaled $122,346,853 as of September 30, 2026, according to the filing.
  • Net income for Q3 2026: The company reported net income of $507,066 for the three months ended September 30, 2026, driven by $1,107,808 in income earned on trust assets.
  • Inception-to-date net income: Net income from January 2, 2026 (inception) through September 30, 2026 was $1,571,816, the filing disclosed.
  • Shares outstanding: As of November 12, 2026, there were 12,205,000 Class A ordinary shares and 5,142,857 Class B ordinary shares issued and outstanding.
  • Redemption value: 12,000,000 Class A ordinary shares are subject to possible redemption at approximately $10.20 per share, the filing stated.
  • Accumulated deficit: The company reported an accumulated deficit of $2,655,119 and total shareholders' deficit of $2,654,584 as of September 30, 2026.
  • Deferred underwriting commissions: Non-current liabilities included $2,500,000 in deferred underwriting commissions as of September 30, 2026.

Pono Capital Four's Financial Position for the Quarter Ended September 30, 2026

Pono Capital Four, Inc. (NASDAQ:PONO), a Cayman Islands-incorporated blank check company, reported its results for the three months ended September 30, 2026 in a Form 10-Q filed November 12, 2026. The company disclosed total assets of $122,677,931 as of September 30, 2026, with the vast majority held in a Trust Account consisting of cash and marketable securities valued at $122,346,853. Current assets outside the trust were limited to $205,315 in cash and $95,461 in prepaid expenses, for total current assets of $300,776.

According to the filing, formation, general and administrative expenses for the three months ended September 30, 2026 were $600,742, producing a loss from operations of $600,742. Income earned on cash and marketable securities held in the Trust Account of $1,107,808 more than offset this loss, resulting in net income of $507,066 for the quarter. For the period from inception through September 30, 2026, the company reported total formation and administrative expenses of $910,037, trust income of $2,346,853, and a gain on remeasurement and expiration of the over-allotment option liability of $135,000, yielding inception-to-date net income of $1,571,816. Basic and diluted net income per share was $0.03 for the quarter and $0.11 for the inception-to-date period across all share classes.

The filing noted that on January 22, 2026, the company issued an additional 1,232,143 founder shares to the sponsor through a share dividend, and subsequently forfeited 1,478,571 founder shares in connection with pricing of the offering. On May 5, 2026, following expiration of the underwriter's over-allotment option, 771,429 Class B ordinary shares were forfeited, leaving 5,142,857 Class B ordinary shares outstanding. The company disclosed it is a shell company and an emerging growth company under applicable SEC definitions.

What Was Disclosed

Pono Capital Four filed its first quarterly report covering the period ended September 30, 2026, disclosing trust assets of $122,346,853, net income of $507,066 for the quarter, an accumulated deficit of $2,655,119, and share counts following founder share adjustments earlier in 2026.