Pono Capital Four cuts Blackstar base purchase price to $200 million from $380 million
PONO•Pono Capital Four cut the base purchase price for its Blackstar Orbital Technologies merger to $200 million from $380 million in a November 5 amendment. The amendment increases closing equity-plan shares to 7.4 million from 6 million and extends the outside closing date to June 30, 2027, from March 31, 2027.
1. Merger terms amended
Pono Capital Four amended its merger agreement with Blackstar Orbital Technologies, signed August 5, 2026, cutting the base purchase price to $200 million from $380 million. The November 5 amendment also increases shares reserved for issuance under the equity incentive plan at closing to 7.4 million from 6 million and extends the outside closing date to June 30, 2027, from March 31, 2027.
