Pono Capital Four Cuts Blackstar Merger Price to $200 Million, Extends Deadline
Pono Capital Four, Blackstar Orbital Technologies and Pono Four Merger Sub amended their merger agreement on November 5, reducing the base purchase price used to calculate merger consideration from $380 million to $200 million. The closing deadline was extended.
Pono Capital Four, Blackstar Orbital Technologies and Pono Four Merger Sub entered into an amendment to their merger agreement on November 5, 2026. The amendment reduces the base purchase price used to calculate merger consideration from $380 million to $200 million, increases the equity plan share…