Pono Capital Four, Inc. (Ticker: PONOU US) is a Caymanian blank check company focusing on disruptive technology businesses. Pono Capital Four plans to list on the NASDAQ on March 13, 2026, offering 12 million units at $10.00 per unit, raising $120 million. Pono Capital Four plans to use the IPO proceeds to consummate an initial business combination with a target company in industries such as enterprise security, artificial intelligence, drone technology, and consumer healthcare.

According to the prospectus, the company is led by CEO Dustin Shindo and CFO Gary Miyashiro. Reportedly, the offering was downsized from an initially planned 15 million units that would have raised $150 million. Each unit offered in the IPO consists of one Class A ordinary share and one right to receive one-fifth of a share upon the completion of a business combination. According to sources, D. Boral Capital acted as the sole bookrunner for the transaction. The company's management reportedly has prior experience with previous blank check entities, including Pono Capital, Pono Capital Two, and Pono Capital Three.