Pono Capital Four, Inc.’s (NASDAQ:PONO) Lock-Up Period To End Tomorrow

Pono Capital Four’s (NASDAQ:PONO) lock-up period will expire on Wednesday, September 9th. Pono Capital Four had issued 12,000,000 shares in its IPO on March 13th. The total size of the offering was $120,000,000 based on an initial share price of $10.00. After the expiration of Pono Capital Four’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Wall Street Analysts Forecast Growth

Separately, Weiss Ratings started coverage on shares of Pono Capital Four in a report on Friday, August 14th. They issued a “sell (e)” rating on the stock. One analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

Pono Capital Four Price Performance

NASDAQ PONO opened at $10.03 on Tuesday. Pono Capital Four has a one year low of $9.84 and a one year high of $10.06. The stock has a 50-day simple moving average of $10.00.

Institutional Inflows and Outflows

A hedge fund recently bought a new position in Pono Capital Four stock. Lineage Point Capital LP bought a new position in Pono Capital Four, Inc. (NASDAQ:PONO) in the second quarter, according to the company in its most recent disclosure with the SEC. The fund bought 171,341 shares of the company’s stock, valued at approximately $1,736,000. Lineage Point Capital LP owned 1.14% of Pono Capital Four at the end of the most recent quarter. 74.11% of the stock is owned by hedge funds and other institutional investors.

About Pono Capital Four

Pono Capital Four Inc is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.