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Friday, February 3, 2023

Equity Corporate Actions Alert #2023 - 70
Information Regarding the Business Combination of Pono Capital Corp (PONO/W/U) and AERWINS Technologies Inc.

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The business combination of Pono Capital Corp (PONO/W/U) and AERWINS Technologies Inc. closed today, Friday, February 3, 2023. Following the completion of the business combination, the company's Class A Common stock (PONO) and Warrants (PONOW) will undergo a name, symbol, and CUSIP number change and the company's Units (PONOU) will be suspended from trading. These actions will become effective on Monday, February 6, 2023. The combined company's Common Stock will list on the Nasdaq Global Market and the Warrants will remain listed on the Nasdaq Capital Market.

The details of the name, symbol, & CUSIP changes are follows:

Current Company Name & Issue Type: Pono Capital Corp Class A Common Stock
New Company Name & Issue Type: AERWINS Technologies Inc. Common Stock
Current CUSIP: 732450101
New CUSIP: 00810J108
Current Symbol: PONO
New Symbol: AWIN
Marketplace Effective Date: Monday, February 6, 2023

Current Company Name & Issue Type: Pono Capital Corp Warrants
New Company Name & Issue Type: AERWINS Technologies Inc. Warrants expiring 2/3/2028
Current CUSIP: 732450119
New CUSIP: 00810J116
Current Symbol: PONOW
New Symbol: AWINW
Marketplace Effective Date: Monday, February 6, 2023

If you would like to register as a market maker in AWIN or AWINW, Nasdaq Trading Services at +1 212 231 5100.

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