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September 10th, 2022 
Awake Goy 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….
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