Aerwins Technologies, a Delaware-based air mobility company and the parent company of a Japanese hoverbike maker, will go public on the Nasdaq via a merger with a special-purpose acquisition company.
Aerwins is the parent company of A.L.I. Technologies, a Japanese drone and hoverbike developer notable for selling the Xturismo Limited Edition hoverbike for 77.7 million yen ($542,780) last year.
The company announced Thursday that it has signed a definitive agreement and plan of merger with a subsidiary of Pono Capital Corp, a special-purpose acquisition company, to go public on the Nasdaq.
“The transaction values Aerwins at $600 million, which is expected to result in a combined pro forma equity value of approximately $750 million, assuming no redemptions in the business combination,” it said in a statement….
Aerwins is the parent company of A.L.I. Technologies, a Japanese drone and hoverbike developer notable for selling the Xturismo Limited Edition hoverbike for 77.7 million yen ($542,780) last year.
The company announced Thursday that it has signed a definitive agreement and plan of merger with a subsidiary of Pono Capital Corp, a special-purpose acquisition company, to go public on the Nasdaq.
“The transaction values Aerwins at $600 million, which is expected to result in a combined pro forma equity value of approximately $750 million, assuming no redemptions in the business combination,” it said in a statement….
Related posts:
Elon Musk’s Boring Company Wins Approval to Dig a Two-Mile Test Tunnel in California
U.S. Based Charity Is Robbing Mexico’s Indigenous Communities of Water
Pollak: Donald Rumsfeld Was 'Based' Before 'Based' Was a Thing
Long-missing Alexander Hamilton letter put on public display
University of Pittsburgh Harvested Organs of Live Babies Based On Race
Tax Collectors In Florida Openly Carry Guns, While Public Is Banned From Doing So