Pono Capital Two, Inc. announced that it expects to receive $1 million in funding from SBC Medical Group Holdings Incorporated

Pono Capital Two, Inc. announced that it has entered into convertible note purchase agreement with SBC Medical Group Holdings Incorporated for a private placement of convertible notes for an aggregate principal amount of $1,000,000 on May 18, 2023. The note is convertible into shares of Class A Common Stock. On the closing date of the purchase and sale of the note, SBC will deliver the note reflecting the principal amount and SBC will deposit $1,000,000 by wire transfer into the specified company account.

The transaction is expected to close not later than May 31, 2023.