… and 5 more on the calendar.
Pono Capital Four agreed to merge with Blackstar Orbital, an Industrials company, at a headline value of $380M.
The agreement was announced on Thursday 6 August, and we hold no shareholder vote date for it yet.
The companies expect to close in Q1 2027.
#PONO dossier →The deal →0001213900-26-0878450001213900-26-086293
vs prior 10-Q 2026-05-14: going-concern doubt APPEARED.
trust $117.3M→$118.2M (+0.8%).
Why it matters: The filing confirms that EMIS remains in the 'searching' phase with no deal announced. Trust value per share is $10.28 (calculated from $118,179,368 / 11,500,000 shares), above the $10.00 threshold. Management discloses substantial doubt about the company's ability to continue as a going concern because the mandatory liquidation deadline….
The pot grew, and so did each share's claim on it — interest, with nobody leaving.
The auditor’s going-concern sentence appeared in this filing and was not in the last one. A SPAC has to say it may not survive twelve months once its own deadline falls inside the auditor’s horizon — it is about the calendar, not the bank account, and the cash above is still there.
Both columns are filed figures, compared against the 10-Q of Thursday 14 May. Cash behind each share is those two figures divided.
vs prior 10-Q 2026-05-11: going-concern doubt APPEARED.
trust $288.7M→$292.2M (+1.2%).
Why it matters: This filing establishes the baseline financial condition of a freshly-IPO'd SPAC. It confirms the trust value of $10.16 per share, a full share count, and the standard 24-month (with possible 27-month) deadline. Management confirms it alleviated going concern doubts with the IPO proceeds. There are no new deal-related mechanics, no spons….
The pot grew, and so did each share's claim on it — interest, with nobody leaving.
The auditor’s going-concern sentence appeared in this filing and was not in the last one. A SPAC has to say it may not survive twelve months once its own deadline falls inside the auditor’s horizon — it is about the calendar, not the bank account, and the cash above is still there.
Both columns are filed figures, compared against the 10-Q of Monday 11 May. Cash behind each share is those two figures divided.
vs prior 10-Q 2026-05-06: going-concern doubt APPEARED.
trust $261.5M→$263.8M (+0.9%).
Why it matters: The trust per-share value remains above the $10.00 IPO price, providing a cushion for redemptions. The engagement of a financial advisor signals active deal pursuit. Cash burn continues ($290K operating cash used in H1 2026). The deadline of May 23, 2027 is still 10 months away, leaving time to complete a deal. No sponsor conduct issues ….
The pot grew, and so did each share's claim on it — interest, with nobody leaving.
The auditor’s going-concern sentence appeared in this filing and was not in the last one. A SPAC has to say it may not survive twelve months once its own deadline falls inside the auditor’s horizon — it is about the calendar, not the bank account, and the cash above is still there.
Both columns are filed figures, compared against the 10-Q of Wednesday 6 May. Cash behind each share is those two figures divided.
Why it matters: The amended Outside Date mechanically resets the deadline for terminating the merger and forces a synchronized proxy voting and redemption window, directly impacting when trust accounts may be distributed or locked. The PIPE structure prices equity against the statutory Redemption Price while attaching a post-close performance ratchet th….
Why it matters: This filing provides investors with the complete set of terms for the SPAC's IPO, including redemption mechanics, sponsor compensation and resulting dilution, conflicts of interest (Chardan acts as both underwriter and has an economic interest in the sponsor), the composition and experience of the management team, and the financial condi….
Why it matters: Deferred revenue of $386.8 million is more than twice total assets of $185.9 million — the subscriptions are prepaid and the obligation to deliver them is the largest item on the balance sheet. Cash fell more than half in six months.
Why it matters: Billings up 57% against revenue down 5.2% is the same business measured at two different points in a multi-year recognition cycle — the release says so and explains the lag. Cash of $33 million against a $1.80 annual dividend on 2.7 million Class A shares plus the Class B structure is what makes the recharacterisation of the special divi….
Why it matters: The extension mechanism directly reduces the aggregate trust balance available to public shareholders and delays their redemption window by thirty days. The promissory note introduces a direct financial obligation that converts to equity upon a successful deal, diluting existing security holders based on the stated $10.00 per unit conver….
Why it matters: Revenue growth is accelerating driven by SiCore battery sales, and gross margin improved to 27% from 9% YoY, suggesting improving operating leverage. The warrant exchange reduces future dilution and the lease termination eliminates a significant non-cash lease obligation ($33.2M liability derecognized), streamlining the balance sheet.
Why it matters: The leadership transition and improved operating metrics signal a strategic shift for the post-combination company, with Q3 2026 guidance projecting Loan Volume of $1.375–$1.525B and Adjusted EBITDA loss of $(18.0)–$(15.0)M. Cash position stood at $102.3M as of June 30, 2026, against an accumulated deficit of $2.18B.
Why it matters: This filing activates the redemption mechanics and sets the deadline for investors to either redeem at trust value or remain as shareholders in the combined quantum computing company. It provides the definitive terms for the business combination, including valuation, financing, governance, and the deadline for the transaction. Investors ….
Why it matters: SEC effectiveness completes the regulatory prerequisite for distributing the definitive proxy and prospectus, locking in the August 25, 2026 shareholder vote and advancing the transaction timeline. Execution risk remains active, as the filing warns that 'the number of redemption requests made by Bleichroeder’s shareholders in connection ….
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Nothing to report. No new SEC-sourced redemption results were captured in this window.
Nothing to report. No SPACs were added and no decks were extracted in this window.
Company wires and the financial press, in this window. Headlines belong to the outlets that wrote them and open on their sites.
Nothing on the wire in this window. The sweeps ran; no company release or press report about a covered name landed inside it.
The full news feed →Every figure on this page is taken from a filing with the U.S. Securities and Exchange Commission and links to it. Estimates are labelled as estimates. Prices are last trades, not quotes. This is information, not investment advice.
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