Blank check company Pono Capital to close acquisition of Japanese flying bike maker, with stock to trade this week: Bloomberg

Pono Capital Corp.
PONO,
-29.84%

will close its previously announced acquisition of Japanese flying motorbike maker ALI Technologies Inc., as early as Friday for trading on the Nasdaq, Bloomberg reported Thursday. Under the deal, Delaware-based Aerwins Technologies, which is the U.S. unit of ALI Technologies, will own the company. Pono Capital announced the acquisition in September for $600 million in stock with plans to trade under the symbol AWIN.

Source: https://www.marketwatch.com/story/blank-check-company-pono-capital-to-close-acquisition-of-japanese-flying-bike-maker-with-stock-to-trade-this-week-bloomberg-01675343216?siteid=yhoof2&yptr=yahoo