• Pono Capital Four signed a merger agreement with Blackstar Orbital Technologies, taking the reusable spacecraft developer public.
• Blackstar Orbital will merge with Pono’s merger subsidiary, becoming a wholly owned unit; Pono plans to rename to Blackstar Orbital Corporation.
• Transaction values Blackstar Orbital at USD 380 million; closing targeted for Q1 2027, subject to shareholder approvals and customary conditions.
• Net cash proceeds are expected to fund technology development and general corporate purposes.
• Blackstar Orbital reported USD 1.9 million in U.S. government R&D funding, backed by signed commercial LOIs exceeding USD 120 million.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Pono Capital Four Inc. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-085946), on August 06, 2026, and is solely responsible for the information contained therein.