0001493152-24-010402.txt : 20240319 0001493152-24-010402.hdr.sgml : 20240319 20240318215102 ACCESSION NUMBER: 0001493152-24-010402 CONFORMED SUBMISSION TYPE: 10-K PUBLIC DOCUMENT COUNT: 57 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240319 DATE AS OF CHANGE: 20240318 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Pono Capital Two, Inc. CENTRAL INDEX KEY: 0001930313 STANDARD INDUSTRIAL CLASSIFICATION: SERVICES-OFFICES & CLINICS OF DOCTORS OF MEDICINE [8011] ORGANIZATION NAME: 08 Industrial Applications and Services IRS NUMBER: 881263511 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-41462 FILM NUMBER: 24760945 BUSINESS ADDRESS: STREET 1: 4348 WAIALAE AVE., #632 CITY: HONOLULU STATE: HI ZIP: 96816 BUSINESS PHONE: 8088926611 MAIL ADDRESS: STREET 1: 4348 WAIALAE AVE., #632 CITY: HONOLULU STATE: HI ZIP: 96816 10-K 1 form10-k.htm
false FY 0001930313 0001930313 2023-01-01 2023-12-31 0001930313 PTWO:UnitsEachConsistingOfOneShareOfClassCommonStockAndOneRedeemableWarrantMember 2023-01-01 2023-12-31 0001930313 PTWO:ClassCommonStock0.0001ParValuePerShareMember 2023-01-01 2023-12-31 0001930313 PTWO:RedeemableWarrantsEachWarrantExercisableForOneShareOfClassCommonStockAtExercisePriceOf11.50PerShareMember 2023-01-01 2023-12-31 0001930313 2023-06-30 0001930313 us-gaap:CommonClassAMember 2024-03-18 0001930313 us-gaap:CommonClassBMember 2024-03-18 0001930313 2023-12-31 0001930313 2022-12-31 0001930313 us-gaap:CommonClassAMember 2023-12-31 0001930313 us-gaap:CommonClassAMember 2022-12-31 0001930313 us-gaap:CommonClassBMember 2023-12-31 0001930313 us-gaap:CommonClassBMember 2022-12-31 0001930313 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001930313 2022-03-11 2022-12-31 0001930313 us-gaap:CommonClassAMember 2023-01-01 2023-12-31 0001930313 us-gaap:CommonClassAMember 2022-03-11 2022-12-31 0001930313 us-gaap:CommonClassBMember 2023-01-01 2023-12-31 0001930313 us-gaap:CommonClassBMember 2022-03-11 2022-12-31 0001930313 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-12-31 0001930313 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2022-12-31 0001930313 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001930313 us-gaap:RetainedEarningsMember 2022-12-31 0001930313 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-03-10 0001930313 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2022-03-10 0001930313 us-gaap:AdditionalPaidInCapitalMember 2022-03-10 0001930313 us-gaap:RetainedEarningsMember 2022-03-10 0001930313 2022-03-10 0001930313 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-01-01 2023-12-31 0001930313 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001930313 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001930313 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2022-03-11 2022-12-31 0001930313 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2022-03-11 2022-12-31 0001930313 us-gaap:AdditionalPaidInCapitalMember 2022-03-11 2022-12-31 0001930313 us-gaap:RetainedEarningsMember 2022-03-11 2022-12-31 0001930313 us-gaap:CommonStockMember us-gaap:CommonClassAMember 2023-12-31 0001930313 us-gaap:CommonStockMember us-gaap:CommonClassBMember 2023-12-31 0001930313 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001930313 us-gaap:RetainedEarningsMember 2023-12-31 0001930313 us-gaap:CommonClassBMember us-gaap:OverAllotmentOptionMember 2022-03-11 2022-12-31 0001930313 us-gaap:IPOMember us-gaap:CommonClassAMember 2022-08-09 2022-08-09 0001930313 us-gaap:OverAllotmentOptionMember us-gaap:CommonClassAMember 2022-08-09 2022-08-09 0001930313 us-gaap:OverAllotmentOptionMember 2022-08-09 2022-08-09 0001930313 us-gaap:PrivatePlacementMember 2022-08-09 2022-08-09 0001930313 us-gaap:PrivatePlacementMember 2022-08-09 0001930313 us-gaap:IPOMember 2022-08-09 2022-08-09 0001930313 us-gaap:IPOMember 2022-08-09 0001930313 us-gaap:IPOMember 2023-08-09 2023-08-09 0001930313 srt:MinimumMember 2023-01-01 2023-12-31 0001930313 PTWO:PostBusinessCombinationMember 2023-12-31 0001930313 us-gaap:IPOMember 2023-12-31 0001930313 srt:MinimumMember 2023-12-31 0001930313 us-gaap:IPOMember 2023-01-01 2023-12-31 0001930313 2023-05-26 0001930313 PTWO:AffiliateSponsorMember 2023-12-31 0001930313 us-gaap:CommonClassAMember 2023-05-08 2023-05-08 0001930313 2023-05-08 2023-05-08 0001930313 PTWO:MergerAgreementMember PTWO:SBCMedicalGroupHoldingsLLCMember 2023-01-31 2023-01-31 0001930313 PTWO:MergerAgreementMember PTWO:SponsorMember 2023-04-26 2023-04-26 0001930313 PTWO:MergerAgreementMember PTWO:SponsorMember 2023-05-05 2023-05-05 0001930313 us-gaap:CommonClassAMember 2023-05-08 0001930313 us-gaap:CommonClassBMember PTWO:SponsorMember 2023-05-08 2023-05-08 0001930313 us-gaap:CommonClassAMember PTWO:SponsorMember 2023-05-08 2023-05-08 0001930313 us-gaap:CommonClassAMember us-gaap:SubsequentEventMember 2024-02-03 2024-02-03 0001930313 us-gaap:CommonClassAMember us-gaap:SubsequentEventMember 2024-02-03 0001930313 PTWO:NotePurchaseAgreementMember 2023-05-26 0001930313 PTWO:NotePurchaseAgreementMember us-gaap:SubsequentEventMember 2024-02-27 0001930313 PTWO:AandRMergerAgreementMember 2023-09-08 2023-09-08 0001930313 PTWO:PublicWarrantsAndPlacementWarrantsMember 2023-12-31 0001930313 us-gaap:CommonClassAMember PTWO:PublicWarrantMember 2022-08-09 0001930313 us-gaap:CommonClassBMember 2022-05-17 2022-05-17 0001930313 us-gaap:CommonClassBMember us-gaap:OverAllotmentOptionMember 2022-05-17 2022-05-17 0001930313 us-gaap:CommonClassBMember 2022-05-17 0001930313 us-gaap:IPOMember PTWO:PromissoryNoteMember 2022-04-25 0001930313 us-gaap:IPOMember PTWO:PromissoryNoteMember us-gaap:RelatedPartyMember 2022-04-25 2022-04-25 0001930313 us-gaap:IPOMember PTWO:PromissoryNoteMember 2022-08-09 2022-08-09 0001930313 PTWO:AdministrativeSupportAgreementMember us-gaap:RelatedPartyMember 2023-12-31 0001930313 PTWO:AdministrativeSupportAgreementMember us-gaap:RelatedPartyMember 2023-01-01 2023-12-31 0001930313 PTWO:AdministrativeSupportAgreementMember us-gaap:RelatedPartyMember 2022-03-11 2022-12-31 0001930313 PTWO:ConvertiblePromissoryNoteMember 2023-05-26 0001930313 PTWO:ConvertiblePromissoryNoteMember 2023-01-01 2023-12-31 0001930313 PTWO:ConvertiblePromissoryNoteMember us-gaap:ConvertibleDebtMember 2023-01-01 2023-12-31 0001930313 PTWO:ConvertiblePromissoryNoteMember 2022-03-11 2022-12-31 0001930313 us-gaap:IPOMember PTWO:UnderwritersMember 2023-01-01 2023-12-31 0001930313 us-gaap:IPOMember PTWO:UnderwritersMember 2023-12-31 0001930313 PTWO:UnderwritersMember 2023-12-31 0001930313 us-gaap:IPOMember us-gaap:CommonClassAMember PTWO:UnderwritersMember 2023-01-01 2023-12-31 0001930313 us-gaap:PrivatePlacementMember 2023-01-01 2023-12-31 0001930313 us-gaap:CommonClassBMember 2023-05-08 2023-05-08 0001930313 us-gaap:PrivatePlacementMember 2022-12-31 0001930313 us-gaap:WarrantMember 2023-12-31 0001930313 us-gaap:PrivatePlacementMember 2023-12-31 0001930313 us-gaap:USTreasurySecuritiesMember 2023-12-31 0001930313 us-gaap:FairValueInputsLevel1Member us-gaap:USTreasurySecuritiesMember 2023-12-31 0001930313 us-gaap:FairValueInputsLevel2Member us-gaap:USTreasurySecuritiesMember 2023-12-31 0001930313 us-gaap:FairValueInputsLevel3Member us-gaap:USTreasurySecuritiesMember 2023-12-31 0001930313 us-gaap:USTreasurySecuritiesMember 2022-12-31 0001930313 us-gaap:FairValueInputsLevel1Member us-gaap:USTreasurySecuritiesMember 2022-12-31 0001930313 us-gaap:FairValueInputsLevel2Member us-gaap:USTreasurySecuritiesMember 2022-12-31 0001930313 us-gaap:FairValueInputsLevel3Member us-gaap:USTreasurySecuritiesMember 2022-12-31 0001930313 us-gaap:IPOMember us-gaap:SubsequentEventMember 2024-01-11 2024-01-11 0001930313 us-gaap:SubsequentEventMember us-gaap:CommonClassAMember 2024-01-11 iso4217:USD xbrli:shares iso4217:USD xbrli:shares xbrli:pure

 

 

 

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

FORM 10-K

 

(Mark One)

 

☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the fiscal year ended December 31, 2023

 

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

 

For the transition period from ______________ to ______________

 

Commission File Number: 001-41462

 

PONO CAPITAL TWO, INC.

(Exact name of registrant as specified in its charter)

 

Delaware   88-1192288

(State or other jurisdiction of incorporation or organization)

  

(IRS Employer Identification No.)

 

643 Ilalo St. #102

Honolulu, Hawaii 96813

Telephone: (808) 892-6611

(Address, including zip code, and telephone number, including area code, of registrant’s principal executive offices)

 

Securities registered pursuant to Section 12(b) of the Act:

 

Title of each class   Trading Symbol(s)   Name of each exchange on which registered
Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant   PTWOU   The Nasdaq Stock Market LLC
         
Class A Common Stock, $0.0001 par value per share   PTWO   The Nasdaq Stock Market LLC
         
Redeemable Warrants, each warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share   PTWOW   The Nasdaq Stock Market LLC

 

Securities registered pursuant to Section 12(g) of the Act: None.

 

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

 

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

 

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

 

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

 

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

 

Large accelerated filer ☐ Accelerated filer ☐
Non-accelerated filer ☒ Smaller reporting company ☒
  Emerging growth company ☒

 

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

 

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

 

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. ☐

 

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

 

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☒ No ☐

 

As of June 30, 2023, the aggregate market value of the registrant’s common stock held by non-affiliates of the registrant was $19,785,098.

 

As of March 18, 2024, there were 5,216,290 shares of the registrant’s Class A common stock, par value $0.0001 per share, and 1 share of the registrant’s Class B common stock, par value $0.0001 per share, issued and outstanding.

 

DOCUMENTS INCORPORATED BY REFERENCE

 

None.

 

 

 

 

 

 

PONO CAPITAL TWO, INC.

 

Annual Report on Form 10-K for the Period Ended December 31, 2023

 

    Page
PART I   4
ITEM 1. BUSINESS 4
ITEM 1A. RISK FACTORS 8
ITEM 1B. UNRESOLVED STAFF COMMENTS 8
ITEM 1C. CYBERSECURITY 8
ITEM 2. PROPERTIES 8
ITEM 3. LEGAL PROCEEDINGS 8
ITEM 4. MINE SAFETY DISCLOSURES 8
PART II   8
ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES 8
ITEM 6. [RESERVED] 9
ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS 9
ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK 14
ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA 14
ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE 14
ITEM 9A. CONTROLS AND PROCEDURES 15
ITEM 9B. OTHER INFORMATION 15
ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS 15
PART III   16
ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE 16
ITEM 11. EXECUTIVE COMPENSATION 23
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS 23
ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE 24
ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES 27
PART IV   28
ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES 28
ITEM 16. FORM 10–K SUMMARY 29

 

2
 

 

CERTAIN TERMS

 

References to “the Company,” “Pono,” “our,” “us” or “we” refer to Pono Capital Two, Inc., a blank check company incorporated in Delaware on March 11, 2022. References to our “Sponsor” refer to Mehana Capital LLC, a Delaware limited liability company. References to our “IPO” refer to the initial public offering of Pono Capital Two, Inc., which closed on August 9, 2022.

 

SPECIAL NOTE REGARDING FORWARD-LOOKING STATEMENTS

 

This Annual Report on Form 10-K contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, or the Securities Act, and Section 21E of the Securities Exchange Act of 1934, or the Exchange Act. The statements contained in this report that are not purely historical are forward-looking statements. Our forward-looking statements include, but are not limited to, statements regarding our or our management’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipates,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements in this report may include, for example, statements about our:

 

  ● ability to complete our initial business combination;
     
  ● success in retaining or recruiting, or changes required in, our officers, key employees or directors following our initial business combination;
     
  ● officers and directors allocating their time to other businesses and potentially having conflicts of interest with our business or in approving our initial business combination, as a result of which they would then receive expense reimbursements;
     
  ● potential ability to obtain additional financing to complete our initial business combination;
     
  ● pool of prospective target businesses;
     
  ● the ability of our officers and directors to generate a number of potential investment opportunities;
     
  ● potential change in control if we acquire one or more target businesses for stock;
     
  ● the potential liquidity and trading of our securities;
     
  ● the lack of a market for our securities;
     
  ● use of proceeds not held in the trust account or available to us from interest income on the trust account balance; or
     
  ● financial performance following our IPO.

 

The forward-looking statements contained in this report are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors.” Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws and/or if and when management knows or has a reasonable basis on which to conclude that previously disclosed projections are no longer reasonably attainable.

 

3
 

 

PART I

 

ITEM 1. BUSINESS

 

Introduction

 

We are a blank check company incorporated as a Delaware corporation for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities, which we refer to herein as our initial business combination. Our Sponsor is Mehana Capital LLC, a Delaware limited liability company (“Sponsor”).

 

We believe that there are many target companies that could become attractive public companies and we will seek a target in the disruptive technology sector with a spotlight on companies in Asia with Japan in particular. While we may pursue an initial business combination target in any industry or geographic region, we will seek to capitalize on the operational and investment experience of our management team and focus on disruptive technology companies that we believe have significant growth prospects and the potential to generate attractive returns for our stockholders. We expect to focus on identifying potential target companies with above-industry-average growth, and a defensible market position where our management team’s operational, strategic, or managerial expertise can assist in maximizing value.

 

The Registration Statement for our initial public offering was declared effective on August 4, 2022 (the “Initial Public Offering,” or “IPO”). On August 9, 2022, we consummated the Initial Public Offering of 11,500,000 Units, including 1,500,000 Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $115,000,000. Each Unit consists of one share of Class A common stock and one redeemable warrant (“Public Warrant”). Each Public Warrant entitles the holder to purchase one share of Class A common stock at an exercise price of $11.50 per whole share.

 

Simultaneously with the closing of the Initial Public Offering, we consummated the sale of 634,375 units (the “Placement Units”) at a price of $10.00 per Placement Unit in a private placement to the Sponsor, including 63,000 Placement Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $6,343,750, which is described in Note 4.

 

Following the closing of the Initial Public Offering on August 9, 2022, an amount of $117,875,000 ($10.25 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Placement Units was placed in a trust account (the “Trust Account”), and will be invested only in U.S. government treasury obligations with maturities of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury obligations, until the earlier of: (i) the completion of a business combination and (ii) the distribution of the funds held in the Trust Account, as described below.

 

On May 5, 2023, we held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to May 8, 2023. On May 8, 2023, we held the Special Meeting. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (the “Extension Amendment” (i) to extend the date by which the Company has to consummate a business combination from May 9, 2023 to February 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account, and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder. As approved by the stockholders of the Company, the Company filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on May 8, 2023. The Company’s stockholders elected to redeem an aggregate of 9,577,250 shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the Trust Account is approximately $20 million.

 

In connection with the Special Meeting, the Company and the Sponsor entered into non-redemption agreements with certain unaffiliated stockholders owning, in the aggregate, 998,682 shares of the Company’s Class A common stock, pursuant to which such stockholders agreed, among other things, not to redeem or exercise any right to redeem such public shares in connection with the Extension Amendment. In connection with the non-redemption agreements, the Sponsor agreed to transfer to the stockholders that entered into such agreements Sponsor Shares upon the consummation of the Company’s initial business combination.

 

On May 8, 2023, the Sponsor converted 2,874,999 Founder Shares of Class B common stock into 2,874,999 shares of Class A common stock.

 

On February 5, 2024, the Company held another special meeting of stockholders (the “Second Special Meeting”). During the Second Special Meeting, stockholders approved another amendment to the Company’s amended and restated certificate of incorporation to extend the date by which the Company has to consummate a business combination (the “Combination Period”) from February 9, 2024 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account. As approved by the stockholders of the Company, the Company filed another amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on February 5, 2024. The Company’s stockholders elected to redeem an aggregate of 273,334 shares of Class A common stock of the Company in connection with the Second Special Meeting. Following such redemptions, the amount of funds remaining in the trust account is approximately $17.9 million.

 

4
 

 

In connection with the Second Special Meeting, the Company entered into a non-redemption agreement with an unaffiliated investor (the “Holder”) which agreed to acquire from public stockholders of the Company 1,500,000 to 1,700,000 shares of Class A common stock in the open market, at a prices no higher than the redemption price per share payable to stockholders who exercise redemption rights in connection with the stockholder vote to approve the Company’s proposed business combination with SBC (as defined below), prior to the Second Special Meeting and to agree to waive its redemption rights and hold the shares until after the closing of the business combination. In consideration of the Holder’s agreement to waive its redemption rights with respect to the shares, and subject to (i) the Holder acquiring 1,500,000 to 1,700,000 shares of Class A common stock in the open market, and (ii) Holder’s satisfaction of its other obligations under the non-redemption agreement, the Company, on the closing date of the business combination, provided that Holder has continued to hold the Holder’s shares through the closing date, SBC and Yoshiyuki Aikawa, the chief executive officer of SBC, shall cause to be issued or transferred to Holder a number of shares of Class A common stock held by Dr. Aikawa (the “Incentive Shares”), which will equal one (1) Incentive Share for each public share purchased in the open market pursuant to the non-redemption agreement that is continuously owned by Holder until the closing date of the business combination. This non-redemption agreement terminates on the earliest to occur of (i) the closing date of the business combination, (ii) the termination of the related business combination agreement, or (iii) April 30, 2024 (the “Clearance Date”) if the Company has not cleared all SEC comments to its proxy statement in connection with the business combination by that date. On March 15, 2024, the parties to the non-redemption agreement entered into an amendment to the non-redemption agreement to extend the Clearance Date to June 30, 2024, and to agree to close the business combination on or before August 31, 2024.

 

If we are unable to complete a business combination within the Combination Period, we will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and our board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law. The underwriters have agreed to waive their rights to the deferred underwriting commission held in the Trust Account in the event we do not complete a business combination within the Combination Period and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering price per Unit ($10.00).

 

On January 31, 2023, we entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among us, Pono Two Merger Sub, Inc., a Delaware corporation and our wholly-owned subsidiary (“Merger Sub”), SBC Medical Group Holdings Incorporated, a Delaware corporation (“SBC”), Mehana Capital, LLC, in its capacity as Purchaser Representative, and Yoshiyuki Aikawa, in his capacity as Seller Representative.

 

Pursuant to the Merger Agreement, at the closing of the transactions contemplated by the Merger Agreement, Merger Sub will merge with and into SBC, with SBC continuing as the surviving corporation. The transactions contemplated by the Merger Agreement are referred to herein as the “Business Combination.”

 

As a condition to closing of the Business Combination, SBC will complete certain restructuring transactions pursuant to which SBC Medical Group Co., Ltd., a Japanese corporation (“SBC-Japan”) and certain related entities which carry on the business of SBC-Japan and such other related entities, will become subsidiaries of SBC.

 

As consideration for the Business Combination, the holders of SBC securities as of the closing of the Business Combination, collectively will be entitled to receive from us, in the aggregate, a number of our securities with an aggregate value equal to (a) $1,200,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination.

 

On April 26, 2023, the parties entered into an amendment to the Merger Agreement. Our board approved the amendment on April 25, 2023. Pursuant to the Amendment, the Sponsor in its sole discretion may direct Pono to issue all or a portion of the Sponsor Shares on an earlier or later date as it may determine, which date will not be earlier than the Closing. In addition, pursuant to the Amendment, the date by which (i) SBC will complete its agreed upon disclosure schedules, (ii) Pono will complete its due diligence review of SBC, and (iii) the parties to the Merger Agreement will agree upon any modifications or amendments to the Merger Agreement to the terms and conditions therein, among other related matters, was extended from April 28, 2023 to May 31, 2023. SBC also agreed to purchase, or to cause one of its Affiliates to purchase, equity in the Sponsor in an amount equal to $1,000,000, by way of a separate agreement to be entered into on or before May 5, 2023.

 

On May 18, 2023, the parties entered into a Note Purchase Agreement pursuant to which the parties have agreed that Pono will issue and sell to SBC a convertible promissory note of $1,000,000 in aggregate principal amount which note is convertible into shares of Class A Common Stock, par value $0.0001 per share of Pono.

 

On May 26, 2023, the closing date of the purchase and sale of the Note, SBC delivered the Note reflecting the Principal Amount and SBC deposited $1,000,000 by wire transfer into the specified Company account. The Note does not bear interest (unless otherwise required by applicable law, in which event interest will accrue at the minimum rate required by applicable law) and the principal amount may be prepaid at any time.

 

On May 30, 2023, the parties entered into Amendment No. 2 to the Merger Agreement. Our board approved the amendment on May 23, 2023. The amendment extended the time for (i) SBC to deliver disclosure schedules, (ii) Pono to complete its due diligence review of SBC and (iii) the parties to agree upon a modifications or amendments to the Merger Agreement to the terms and conditions therein until June 15, 2023.

 

On June 15, 2023, the parties entered into Amendment No. 3 to the Merger Agreement. Our board approved the amendment on June 15, 2023. The amendment further extended the time for (i) SBC to deliver disclosure schedules, (ii) Pono to complete its due diligence review of SBC and (iii) the parties to agree upon a modifications or amendments to the Merger Agreement to the terms and conditions therein until June 22, 2023.

 

5
 

 

On June 21, 2023, the parties entered into an Amended and Restated Agreement and Plan of Merger (“A&R Merger Agreement”). Our board approved the A&R Merger Agreement on June 15, 2023. The A&R Merger Agreement revised the target companies to be directly or indirectly purchased by Pono following a restructuring of SBC’s corporate structure, to include only the Service Companies and certain other entities, and to no longer include the direct or indirect purchase of Medical Corporations, and as a result, removed other references to the Medical Corporations, including the related representations and warranties, among others. The Medical Corporations were removed for Japanese regulatory reasons under the Japanese Medical Care Act. Based on the provisions of the Japanese Medical Care Act, in essence, medical corporations are considered not-for-profit organizations with a benevolent purpose of serving human-kind and cannot be controlled by for-profit entities. More specifically, the Medical Corporations, even though considered related parties, are independent business operators and, the Company does not exercise control over the day-to-day operations of their clinics (except to the extent governed by our management services contracts). The removal of the Medical Corporations from the A&R Merger Agreement required a reduction of the valuation. As a result, the schedule was delayed by approximately two months. Other than the reduction of the valuation and delay, the overall transaction was not affected by this removal. The A&R Merger Agreement also extended the date by which the disclosures schedules were to be delivered to August 31, 2023 and extended the date by which the Closing shall occur from September 30, 2023 to December 31, 2023. Pursuant to the A&R Merger Agreement, the parties also agreed that any future expenses incurred in connection with the extension of the time by which Pono must complete its initial business combination shall be borne entirely by Pono, which replaces and supersedes the prior requirement under the Original Agreement for Pono and SBC to share such expenses equally.

 

On September 8, 2023, the parties entered into the First Amendment to the A&R Merger Agreement, which provided for the holders of SBC securities collectively to be entitled to receive from Pono as Merger consideration, in the aggregate, a number of Pono securities with an aggregate value equal to (a) $1,000,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination. Our board approved the amendment on September 7, 2023.

 

On October 26, 2023, the parties entered into the Second Amendment to the A&R Merger Agreement (the “Second Amendment”) with the parties thereto. Prior to the Second Amendment, the Company’s board of directors as of the Closing was to be designated as follows: (i) three persons designated prior to the Closing by SBC, two of whom must qualify as independent directors; (ii) one person designated prior to the Closing by the Company; and (iii) one person mutually agreed upon and designated prior to the Closing by the Company and SBC, who must qualify as an independent director. Following the Second Amendment, the Company’s board of directors as of the Closing will be designated as follows: (i) three persons designated prior to the Closing by SBC, at least one of whom must qualify as an independent director; (ii) one person designated prior to the Closing by the Company, who must qualify as an independent director; and (iii) one person mutually agreed upon and designated prior to the Closing by the Company and SBC, who must qualify as an independent director.

 

On December 28, 2023, the parties entered into the Third Amendment to the A&R Merger Agreement (the “Third Amendment”) with the parties thereto. The Third Amendment was entered into solely to extend the Outside Date (as defined in the A&R Merger Agreement) from December 31, 2023 to March 31, 2024.

 

On February 27, 2024, the Company and SBC entered into an Amendment to the Note Purchase Agreement (the “Amended Note Purchase Agreement”), which increased the purchase price of the Note from $1,000,000 to $2,700,000.

 

Please see the Current Reports on Form 8-K we filed with the SEC on February 2, 2023, June 22, 2023, September 11, 2023, October 26, 2023, December 29, 2023, and March 1, 2024 for additional information.

 

Our Company

 

We are a blank check company incorporated in Delaware on March 11, 2022 formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (a “business combination”). We intend to effectuate our initial business combination using cash from the proceeds of the Initial Public Offering and the sale of the private placement units, the proceeds of the sale of our shares in connection with our initial business combination pursuant to the shares issued to the owners of the target, debt issued to bank or other lenders or the owners of the target, or a combination of the foregoing or other sources.

 

We believe that there are many target companies that could become attractive public companies and we will seek a target in the disruptive technology sector with a spotlight on companies in Asia with Japan in particular. While we may pursue an initial business combination target in any industry or geographic region, we will seek to capitalize on the operational and investment experience of our management team and focus on disruptive technology companies that we believe have significant growth prospects and the potential to generate attractive returns for our stockholders. We expect to focus on identifying potential target companies with above-industry-average growth, and a defensible market position where our management team’s operational, strategic, or managerial expertise can assist in maximizing value.

 

6
 

 

We believe the traditional IPO and direct listing processes are not designed for these types of companies to execute on their ambitious strategies. We believe using a SPAC structure is a disruptive alternative to, and creates more efficiencies than, the traditional IPO approach. We also believe that because the industries in which we have particular expertise, and in which we will seek to identify a potential business combination target, are often overlooked by traditional venture capital, public equity and private equity investors, many high-quality companies in these industries are not well suited to a traditional IPO, direct listing or private equity buyout transaction. Therefore, we believe our focus on these particular industries will provide unique access to the highest quality companies and management teams and a substantial number of proprietary business combination opportunities. Our mission is to create a better solution to the conventional IPO for these high growth, disruptive technology and technology-enabled companies, which addresses their needs for capital and liquidity, while overcoming the key points of friction in the traditional IPO path in particular for businesses in Japan.

 

We believe our expertise will make us an attractive partner for companies seeking a clear and efficient path to listing their shares with a significant degree of funding certainty including high-quality companies in Japan where certain of the Company’s officers and directors are familiar with Japanese business and M&A culture, which will have an impact on the dynamics of a business combination. There are a large number of companies that desire to have publicly-traded shares to provide liquidity to investors and employees, create a currency for mergers and acquisitions and access to equity capital markets. We may seek to combine with businesses owned by our founder and minority investors, although we may consummate a transaction with businesses controlled by private equity investors or family-owned businesses, which means there is a wide universe of potential partners. We believe our understanding of private deal execution and public capital markets, and valuation dynamics in both markets, make us uniquely positioned to identify and execute a business combination with a growth orientation.

 

Our Management Team

 

Our management team is led by Darryl Nakamoto, our Chief Executive Officer and Director, Allison Van Orman, our Chief Financial Officer, and Dustin Shindo, our Chairman of the Board, who will be supported by Pono Capital Two, Inc.’s independent directors, sponsor, accountants and legal counsel, as further described below. We believe our management team is well positioned to identify and evaluate businesses within the technology industry that would benefit from being a public company and from access to our expertise. We believe we can achieve this mission by utilizing our team’s extensive experience in growing and operating technology companies as well as our broad network of contacts in the technology sector.

 

Competition

 

In identifying, evaluating and selecting a target business for our initial business combination, we may encounter competition from other entities having a business objective similar to ours, including other blank check companies, private equity groups and leveraged buyout funds, public companies and operating businesses seeking strategic business combinations. Many of these entities are well established and have extensive experience identifying and effecting business combinations directly or through affiliates. Moreover, many of these competitors possess greater financial, technical, human and other resources than we do. Our ability to acquire larger target businesses will be limited by our available financial resources. This inherent limitation gives others an advantage in pursuing the initial business combination of a target business. Furthermore, our obligation to pay cash in connection with our public stockholders who exercise their redemption rights may reduce the resources available to us for our initial business combination and our outstanding warrants, and the future dilution they potentially represent, may not be viewed favorably by certain target businesses. Either of these factors may place us at a competitive disadvantage in successfully negotiating an initial business combination.

 

Employees

 

We currently have two executive officers. These individuals are not obligated to devote any specific number of hours to our matters, but they intend to devote as much of their time as they deem necessary to our affairs until we have completed our initial business combination. The amount of time they will devote in any time period will vary based on whether a target business has been selected for our initial business combination and the stage of the initial business combination process we are in. We do not intend to have any full-time employees prior to the completion of our initial business combination.

 

For additional discussion of the general development of our business, see our final prospectus on Form 424B4, filed with the SEC on August 8, 2022.

 

7
 

  

ITEM 1A. RISK FACTORS

 

As a smaller reporting company, we are not required to make disclosures under this Item.

 

ITEM 1B. UNRESOLVED STAFF COMMENTS

 

Not applicable.

 

ITEM 1C. CYBERSECURITY

 

We are a SPAC with no business operations. Since our IPO, our sole business activity has been identifying and evaluating suitable acquisition transaction candidates. Therefore, we do not consider that we face significant cybersecurity risk and have not adopted any cybersecurity risk management program or formal processes for assessing cybersecurity risk. Our board of directors is generally responsible for the oversight of risks from cybersecurity threats, if there is any. We have not encountered any cybersecurity incidents since our IPO.

 

ITEM 2. PROPERTIES

 

We currently maintain our executive offices at 643 Ilalo St., #102, Honolulu, Hawaii 96813, and our telephone number is (808) 892-6611. Our Sponsor is making this space available to us as part of a monthly administrative fee of $10,000. We consider our current office space adequate for our current operations.

 

ITEM 3. LEGAL PROCEEDINGS

 

We may be subject to legal proceedings, investigations and claims incidental to the conduct of our business from time to time. We are not currently a party to any material litigation or other legal proceedings brought against us. We are also not aware of any legal proceeding, investigation or claim, or other legal exposure that has a more than remote possibility of having a material adverse effect on our business, financial condition or results of operations.

 

ITEM 4. MINE SAFETY DISCLOSURES

 

Not Applicable.

 

PART II

 

ITEM 5. MARKET FOR REGISTRANT’S COMMON EQUITY, RELATED STOCKHOLDER MATTERS AND ISSUER PURCHASES OF EQUITY SECURITIES

 

Our units began to trade on The Nasdaq Global Market, or Nasdaq, under the symbol “PTWOU” on or about August 5, 2022, and the shares of Class A common stock and warrants began separate trading on Nasdaq under the symbols “PTWO” and “PTWOW,” respectively, on or about September 26, 2022.

 

Holders of Record

 

As of March 18, 2024, there were 5,216,290 shares of the registrant’s Class A common stock issued and outstanding held by approximately five stockholders of record, and 1 share of the registrant’s Class B common stock issued and outstanding held by approximately one stockholder of record. The number of record holders was determined from the records of our transfer agent and does not include beneficial owners of shares of common stock whose shares are held in the names of various security brokers, dealers, and registered clearing agencies.

 

Dividends

 

We have not paid any cash dividends on our common stock to date and do not intend to pay cash dividends prior to the completion of an initial business combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition subsequent to completion of a business combination. The payment of any dividends subsequent to a business combination will be within the discretion of our board of directors at such time. It is the present intention of our board of directors to retain all earnings, if any, for use in our business operations and, accordingly, our board of directors does not anticipate declaring any dividends in the foreseeable future. In addition, our board of directors is not currently contemplating and does not anticipate declaring any share dividends in the foreseeable future. Further, if we incur any indebtedness, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.

 

8
 

 

Securities Authorized for Issuance Under Equity Compensation Plans

 

None.

 

Recent Sales of Unregistered Securities

 

There were no unregistered securities to report which have not been previously included in a Quarterly Report on Form 10-Q or a Current Report on Form 8-K.

 

Purchases of Equity Securities by the Issuer and Affiliated Purchasers

 

None.

 

ITEM 6. [RESERVED]

 

 

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

 

References in this report (the “Annual Report”) to “we,” “us,” “Pono,” or the “Company” refer to Pono Capital Two, Inc. References to our “management” or our “management team” refer to our officers and directors, and references to the “Sponsor” refer to Mehana Capital LLC. The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction with the consolidated financial statements and the notes thereto contained elsewhere in this Annual Report. Certain information contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties. Please see “Special Note Regarding Forward-Looking Statements” elsewhere in this report for a description of these risks and uncertainties.

 

Overview

 

We are a blank check company incorporated in Delaware on March 11, 2022 formed for the purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. We intend to effectuate our initial business combination using cash from the proceeds of our initial public offering (the “Initial Public Offering”) and the sale of the private placement units, the proceeds of the sale of our shares in connection with our initial business combination pursuant to the shares issued to the owners of the target, debt issued to bank or other lenders or the owners of the target, or a combination of the foregoing or other sources.

 

On January 31, 2023, the Company entered into an Agreement and Plan of Merger, as amended and restated on June 21, 2023 (the “Merger Agreement”), by and among the Company, Pono Two Merger Sub, Inc., a Delaware corporation incorporated in January 2023, and a wholly-owned subsidiary of the Company (“Merger Sub”), SBC Medical Group Holdings Incorporated, a Delaware corporation (“SBC”), Mehana Capital, LLC, in its capacity as Purchaser Representative, and Yoshiyuki Aikawa, in his personal capacity and his capacity as Seller Representative.

 

Pursuant to the Merger Agreement, at the closing of the transactions contemplated by the Merger Agreement (the “Closing”), Merger Sub will merge with and into SBC, with SBC continuing as the surviving corporation. The transactions contemplated by the Merger Agreement are referred to herein as the “Business Combination.”

 

As a condition to closing of the Business Combination, SBC will complete certain restructuring transactions pursuant to which SBC Medical Group Co., Ltd., a Japanese corporation (“SBC-Japan”) and certain affiliated service companies, medical corporations, and other entities, which collectively carry on the business of SBC-Japan and such other related entities, will become subsidiaries of SBC.

 

As consideration for the Business Combination, the holders of SBC securities collectively will be entitled to receive from the Company, in the aggregate, a number of the Company’s securities with an aggregate value equal to (a) $1,000,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination.

 

In connection with the Merger Agreement, 1,200,000 Sponsor Shares will be issued to the Sponsor on the date that is the earlier of (a) the six (6) month anniversary of the Closing or (b) the expiration of the “Founder Shares Lock-up Period” (as defined in the Company’s Insider Letter with the initial stockholders); provided that, the Sponsor in its sole discretion may direct Pono to issue all or a portion of the Sponsor Shares on such earlier or later date as it shall determine (which date shall not be earlier than the Closing).

 

9
 

 

On May 5, 2023, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to May 8, 2023. On May 8, 2023, the Company held the Special Meeting. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from May 9, 2023 to February 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account, and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder. As approved by the stockholders of the Company, the Company filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on May 8, 2023. The Company’s stockholders elected to redeem an aggregate of 9,577,250 shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account is approximately $20 million.

 

In connection with the Special Meeting, the Company and the Sponsor entered into non-redemption agreements with certain unaffiliated stockholders owning, in the aggregate, 998,682 shares of the Company’s Class A common stock, pursuant to which such stockholders agreed, among other things, not to redeem or exercise any right to redeem such public shares in connection with the Extension Amendment. In connection with the non-redemption agreements, the Sponsor agreed to transfer to the stockholders that entered into such agreements Sponsor Shares upon the consummation of the Company’s initial business combination.

 

On May 8, 2023, the Sponsor converted 2,874,999 Founder Shares of Class B common stock into 2,874,999 shares of Class A common stock.

 

On September 8, 2023, Pono entered into the First Amendment to the A&R Merger Agreement (the “Amendment”) with the parties thereto. Prior to the Amendment, the A&R Merger Agreement provided for the holders of SBC securities collectively to be entitled to receive from Pono, in the aggregate, a number of Pono securities with an aggregate value equal to (the “Merger Consideration”) (a) $1,200,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination. Pursuant to the Amendment, the $1,200,000,000 amount in the Merger Consideration calculation above was reduced to $1,000,000,000.

 

On October 26, 2023, the parties entered into the Second Amendment to the A&R Merger Agreement (the “Second Amendment”) with the parties thereto. Prior to the Second Amendment, the Company’s board of directors as of the Closing was to be designated as follows: (i) three persons designated prior to the Closing by SBC, two of whom must qualify as independent directors; (ii) one person designated prior to the Closing by the Company; and (iii) one person mutually agreed upon and designated prior to the Closing by the Company and SBC, who must qualify as an independent director. Following the Second Amendment, the Company’s board of directors as of the Closing will be designated as follows: (i) three persons designated prior to the Closing by SBC, at least one of whom must qualify as an independent director; (ii) one person designated prior to the Closing by the Company, who must qualify as an independent director; and (iii) one person mutually agreed upon and designated prior to the Closing by the Company and SBC, who must qualify as an independent director.

 

On December 28, 2023, the parties entered into the Third Amendment to the A&R Merger Agreement (the “Third Amendment”) with the parties thereto. The Third Amendment was entered into solely to extend the Outside Date (as defined in the A&R Merger Agreement) from December 31, 2023 to March 31, 2024.

 

On February 5, 2024, the Company held another special meeting of stockholders (the “Second Special Meeting”). During the Second Special Meeting, stockholders approved another amendment to the Company’s amended and restated certificate of incorporation to extend the date by which the Company has to consummate a business combination (the “Combination Period”) from February 9, 2024 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account. As approved by the stockholders of the Company, the Company filed another amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on February 5, 2024. The Company’s stockholders elected to redeem an aggregate of 273,334 shares of Class A common stock of the Company in connection with the Second Special Meeting. Following such redemptions, the amount of funds remaining in the trust account is approximately $17.9 million.

 

In connection with the Second Special Meeting, we entered into a non-redemption agreement with an unaffiliated investor (the “Holder”) which agreed to acquire from public stockholders of the Company 1,500,000 to 1,700,000 shares of Class A common stock in the open market, at a prices no higher than the redemption price per share payable to stockholders who exercise redemption rights in connection with the stockholder vote to approve the Company’s proposed business combination with SBC, prior to the Second Special Meeting and to agree to waive its redemption rights and hold the shares until after the closing of the business combination. In consideration of the Holder’s agreement to waive its redemption rights with respect to the shares, and subject to (i) the Holder acquiring 1,500,000 to 1,700,000 shares of Class A common stock in the open market, and (ii) Holder’s satisfaction of its other obligations under the non-redemption agreement, the Company, on the closing date of the business combination, provided that Holder has continued to hold the Holder’s shares through the closing date, SBC and Yoshiyuki Aikawa, the chief executive officer of SBC, shall cause to be issued or transferred to Holder a number of shares of Class A common stock held by Dr. Aikawa (the “Incentive Shares”), which will equal one (1) Incentive Share for each public share purchased in the open market pursuant to the non-redemption agreement that is continuously owned by Holder until the closing date of the business combination. This non-redemption agreement terminates on the earliest to occur of (i) the closing date of the business combination, (ii) the termination of the related business combination agreement, or (iii) April 30, 2024 (the “Clearance Date”) if the Company has not cleared all SEC comments to its proxy statement in connection with the business combination by that date. On March 15, 2024, the parties to the non-redemption agreement entered into an amendment to the non-redemption agreement to extend the Clearance Date to June 30, 2024, and to agree to close the business combination on or before August 31, 2024.

 

10
 

 

Issuance of Convertible Promissory Note

 

On May 18, 2023, we entered into a Note Purchase Agreement (the “Note Purchase Agreement”) with SBC. On May 26, 2023, we issued and sold to SBC a convertible promissory note (the “Note”) of $1,000,000 in aggregate principal amount (the “Principal Amount”). The Note is convertible into shares of our Class A common stock. On May 26, 2023, the closing date of the purchase and sale of the Note, SBC delivered the Note reflecting the Principal Amount and SBC deposited $1,000,000 by wire transfer into a specified Company. The Note does not bear interest (unless otherwise required by applicable law, in which event interest will accrue at the minimum rate required by applicable law) and the Principal Amount may be prepaid at any time. On February 27, 2024, we entered into an Amendment to the Note Purchase Agreement (the “Amended Note Purchase Agreement”) with SBC, which increased the purchase price of the Note from $1,000,000 to $2,700,000.

 

Immediately prior to the merger being effected in connection with the consummation of the Business Combination, the outstanding Principal Amount will be converted automatically into the number of shares of common stock equal to the quotient obtained by dividing (x) the Principal Amount by (y) $10.00, subject to customary adjustments for any stock splits or combinations occurring prior to conversion.

 

Results of Operations

 

We have neither engaged in any operations nor generated any revenues to date. Our only activities from March 11, 2022 (inception) through December 31, 2023 were organizational activities, those necessary to prepare for the Initial Public Offering, described below, and, after our Initial Public Offering, identifying a target company for a business combination. We do not expect to generate any operating revenues until after the completion of our initial business combination. We will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. We incur expenses as a result of being a public company (for legal, financial reporting, accounting and auditing compliance), as well as for due diligence expenses.

 

For the year ended December 31, 2023, we had net income of $339,767, which resulted from interest and dividend income on investments held in the Trust Account of $2,641,407, partially offset by operating and formation costs of $1,635,452, franchise tax expense of $137,379, and income tax expense of $528,809.

 

For the period from March 11, 2022 (inception) through December 31, 2022, we had net income of $552,813, which resulted from operating and formation costs of $382,051, income tax expenses of $248,508 and franchise tax expenses of $161,644, partially offset by interest and dividend income on investments held in the Trust Account for $1,345,016.

 

Liquidity, Capital Resources, and Going Concern

 

For the year ended December 31, 2023, net cash used in operating activities was $2,132,921, which was due to interest and dividends earned on marketable securities held in the Trust Account of $2,641,407, offset by net income of $339,767, and a change in operating assets and liabilities of $168,719.

 

For the period from March 11, 2022 (inception) through December 31, 2022, net cash used in operating activities was $462,816, which was due to interest earned on marketable securities held in the Trust Account of $1,345,016, offset by net income of $552,813 and a change in operating assets and liabilities of $329,387.

 

For the year ended December 31, 2023, net cash provided by investing activities was $101,010,630, which was due to proceeds from the Trust Account for payment to redeeming shareholders of $100,078,879, proceeds from the Trust Account to pay franchise taxes of $931,751.

 

For the period from March 11, 2022 (inception) through December 31, 2022 net cash used in investing activities was $117,875,000 which was due to the investment of cash in the Trust Account.

 

For the year ended December 31, 2023, net cash used in financing activities was $99,078,879, which was due to payment to redeeming shareholders of $100,078,879, partially offset by proceeds from convertible promissory note of $1,000,000.

 

11
 

 

For the period from March 11, 2022 (inception) through December 31, 2022, net cash provided by financing activities was $118,823,380, which was due to the proceeds from the sale of Units (as defined below) (net of the underwriting discount) of $113,045,000, proceeds from the sale of Placement Units (as defined below) of $6,343,750, and proceeds from the issuance of Class B common stock to the Sponsor of $25,000, offset in part by payment of offering costs of $590,370.

 

The registration statement for the Company’s Initial Public Offering was declared effective on August 4, 2022. On August 9, 2022, the Company consummated the Initial Public Offering of 11,500,000 units, (the “Units” and, with respect to the shares of Class A common stock included in the Units sold, the “Public Shares”), including 1,500,000 Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $115,000,000.

 

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 634,375 units (the “Placement Units”) at a price of $10.00 per Placement Unit in a private placement to Mehana Capital LLC (the “Sponsor”), including 63,000 Placement Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $6,343,750.

 

Following the closing of the Initial Public Offering on August 9, 2022, an amount of $117,875,000 ($10.25 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Placement Units was placed in a trust account.

 

We intend to use substantially all of the funds held in the trust account, including any amounts representing interest earned on the funds held in the trust account and not previously released to us to pay our taxes (which interest shall be net of taxes payable and excluding deferred underwriting commissions) to complete our initial business combination. We may withdraw interest to pay our taxes, if any. Our annual income tax obligations will depend on the amount of interest and other income earned on the amounts held in the trust account. We expect the interest earned on the amount in the trust account will be sufficient to pay our taxes. We expect the only taxes payable by us out of the funds in the trust account will be income and franchise taxes, if any. To the extent that our common stock or debt is used, in whole or in part, as consideration to complete our initial business combination, the remaining proceeds held in the trust account will be used as working capital to finance the operations of the target business or businesses, make other acquisitions and pursue our growth strategies.

 

As of December 31, 2023, the Company had $284,394 in cash held outside of the Trust Account, working capital deficit, net of income tax payable and franchise tax payable of $1,129,417 and accumulated deficit of $5,995,269. The Company has incurred and expects to continue to incur significant costs in pursuit of the Company’s financing and acquisition plans. For the year ended December 31, 2023 the Company had loss from operations of $(1,772,831) and net cash used in operating activities was $2,132,921. The Company has further satisfied liquidity needs through a Convertible Promissory Note of $1,000,000. The Company expects that it will need additional capital to satisfy its liquidity needs beyond the net proceeds from the consummation of the Initial Public Offering held outside of the Trust Account for paying existing accounts payable and consummating the Business Combination. Although certain of the Company’s initial stockholders, officers and directors or their affiliates have committed up to $1,500,000 Working Capital Loans (see Note 5) from time to time or at any time, there is no guarantee that the Company will receive such funds. In addition, the Company will have until November 9, 2024 to consummate a business combination. If a business combination is not consummated by November 9, 2024, less than one year after the date these consolidated financial statements are issued, there will be a mandatory liquidation and subsequent dissolution of the Company. Management has determined that the mandatory liquidation, along with the lack of liquidity, should a business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after November 9, 2024. The Company intends to complete the initial business combination before the mandatory liquidation date. However, there can be no assurance that the Company will be able to consummate any business combination by November 9, 2024.

 

12
 

 

Off-Balance Sheet Arrangements

 

As of December 31, 2023 and December 31, 2022, we did not have any off-balance sheet arrangements.

 

Contractual Obligations

 

Registration and Stockholder Rights Agreement

 

The holders of the Founder Shares and Placement Units (including securities contained therein) and Units (including securities contained therein) that may be issued upon conversion of working capital loans and extension loans, and any shares of Class A common stock issuable upon the exercise of the Placement Warrants and any shares of Class A common stock and warrants (and underlying Class A common stock) that may be issued upon conversion of the Units issued as part of the working capital loans and extension loans and Class A common stock issuable upon conversion of the Founder Shares, will be entitled to registration rights pursuant to a registration rights agreement signed on the effective date of the Initial Public Offering, requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to the Class A common stock). The holders of these securities are entitled to make up to two demands, excluding short form demands, that the Company registers such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of the initial business combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act.

 

Administrative Support Agreement

 

The Company’s Sponsor has agreed, commencing from the date of the Initial Public Offering through the earlier of the Company’s consummation of a business combination and its liquidation, to make available to the Company certain general and administrative services, including office space, utilities and administrative services, as the Company may require from time to time. The Company has agreed to pay to Mehana Capital LLC, the Sponsor, $10,000 per month for these services to complete a business combination. For the year ended December 31, 2023, $120,000 was incurred and paid to Mehana Capital LLC for these services. For the period from March 11, 2022 (inception) through December 31, 2022, $50,000 was paid to Mehana Capital LLC for these services.

 

Underwriting Agreement

 

Simultaneously with the Initial Public Offering, the underwriters fully exercised the over-allotment option to purchase an additional 1,500,000 Units at an offering price of $10.00 per Unit for an aggregate purchase price of $15,000,000.

 

The underwriters were paid a cash underwriting discount of $0.17 per Unit, or $1,955,000 in the aggregate, upon the closing of the Initial Public Offering. In addition, $0.35 per unit, or $4,025,000 in the aggregate will be payable to the underwriters for deferred underwriting commissions. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a business combination, subject to the terms of the underwriting agreement.

 

Promissory Note - Related Party

 

On April 25, 2022, the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note (the “Promissory Note”). This loan is non-interest bearing and payable on the earlier of (i) March 31, 2023 or (ii) the date on which Company consummates the Initial Public Offering. Prior to the Initial Public Offering, the Company had borrowed $300,000 under the Promissory Note. The outstanding balance under the Promissory Note of $300,000 was repaid at the closing of the Initial Public Offering on August 9, 2022.

 

Critical Accounting Estimates

 

We prepare our consolidated financial statements in accordance with U.S. generally accepted accounting principles, which require our management to make estimates that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the balance sheet dates, as well as the reported amounts of revenues and expenses during the reporting periods. To the extent that there are material differences between these estimates and actual results, our financial condition or results of operations would be affected. We base our estimates on our own historical experience and other assumptions that we believe are reasonable after taking account of our circumstances and expectations for the future based on available information. We evaluate these estimates on an ongoing basis.

 

We consider an accounting estimate to be critical if: (i) the accounting estimate requires us to make assumptions about matters that were highly uncertain at the time the accounting estimate was made, and (ii) changes in the estimate that are reasonably likely to occur from period to period or use of different estimates that we reasonably could have used in the current period, would have a material impact on our financial condition or results of operations. There are items within our financial statement that require estimation but are not deemed critical, as defined above.

 

For a detailed discussion of our significant accounting policies and related judgments, see Note 2 of the Notes to Consolidated Financial Statements in "Item 15. Exhibits and Financial Statement Schedules" of this report.

 

13
 

 

Recent Accounting Standards

 

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires public entities to disclose consistent categories and greater disaggregation of information in the rate reconciliation and for income taxes paid. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The accounting pronouncement is not expected to have a material impact on our consolidated financial statements and related disclosures.

 

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

 

Not required for smaller reporting companies.

 

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

 

This information appears following Item 15 of this Report and is included herein by reference.

 

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

 

None.

 

14
 

ITEM 9A. CONTROLS AND PROCEDURES

 

Disclosure controls and procedures are controls and other procedures that are designed to ensure that information required to be disclosed in our reports filed or submitted under Securities Exchange Act of 1934, as amended (the “Exchange Act”) is recorded, processed, summarized and reported within the time periods specified in the SEC’s rules and forms. Disclosure controls and procedures include, without limitation, controls and procedures designed to ensure that information required to be disclosed in our reports filed or submitted under the Exchange Act is accumulated and communicated to our management, including our Chief Executive Officer and Chief Financial Officer, to allow timely decisions regarding required disclosure.

 

Evaluation of Disclosure Controls and Procedures

 

As required by Rules 13a-15 and 15d-15 under the Exchange Act, our Chief Executive Officer and Chief Financial Officer carried out an evaluation of the effectiveness of our disclosure controls and procedures as of December 31, 2023. Based upon their evaluation, our Chief Executive Officer and Chief Financial Officer concluded that our disclosure controls and procedures (as defined in Rules 13a-15 (e) and 15d-15 (e) under the Exchange Act) were effective.

 

Changes in Internal Control Over Financial Reporting

 

During the most recently completed fiscal quarter, there has been no change in our internal control over financial reporting (as defined in Rules 13a-15(f) and 15d-15(f) under the Exchange Act) that has materially affected, or is reasonably likely to materially affect, our internal control over financial reporting.

 

Management’s Report on Internal Controls Over Financial Reporting

 

As required by SEC rules and regulations implementing Section 404 of the Sarbanes-Oxley Act (as defined in Rules 13a-15(e) and 15- d-15(e) under the Securities Exchange Act of 1934, as amended), our management is responsible for establishing and maintaining adequate internal control over financial reporting. Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of our consolidated financial statements for external reporting purposes in accordance with GAAP. Our internal control over financial reporting includes those policies and procedures that:

 

(1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of our company,

 

(2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with GAAP, and that our receipts and expenditures are being made only in accordance with authorizations of our management and directors, and

 

(3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use or disposition of our assets that could have a material effect on the financial statements.

 

Because of its inherent limitations, internal control over financial reporting may not prevent or detect errors or misstatements in our consolidated financial statements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree or compliance with the policies or procedures may deteriorate. Management assessed the effectiveness of our internal control over financial reporting at December 31, 2023. In making these assessments, management used the criteria set forth by the Committee of Sponsoring Organizations of the Treadway Commission (COSO) in Internal Control - Integrated Framework (2013). Based on our assessments and those criteria, management determined that we maintained effective internal control over financial reporting as of December 31, 2023.

 

This Annual Report on Form 10-K does not include an attestation report of internal controls from our independent registered public accounting firm due to our status as an emerging growth company under the JOBS Act.

 

ITEM 9B. OTHER INFORMATION

 

As previously reported, in connection with the Second Special Meeting, the Company entered into a non-redemption agreement with an unaffiliated investor (the “Holder”) which agreed to acquire from public stockholders of the Company 1,500,000 to 1,700,000 shares of Class A common stock in the open market, at a prices no higher than the redemption price per share payable to stockholders who exercise redemption rights in connection with the stockholder vote to approve the Company’s proposed business combination with SBC (as defined below), prior to the Second Special Meeting and to agree to waive its redemption rights and hold the shares until after the closing of the business combination. The non-redemption agreement terminates on the earliest to occur of (i) the closing date of the business combination, (ii) the termination of the related business combination agreement, or (iii) April 30, 2024 (the “Clearance Date”) if the Company has not cleared all SEC comments to its proxy statement in connection with the business combination by that date.

 

On March 15, 2024, the parties to the non-redemption agreement entered into an amendment to the non-redemption agreement to extend the Clearance Date to June 30, 2024, and to agree to close the business combination on or before August 31, 2024.

 

A form of the amendment to the non-redemption agreement is filed with this Annual Report on Form 10-K as Exhibit 10.19 and is incorporated herein by reference. The foregoing description of the amendment to the non-redemption agreement is not complete and is qualified in its entirety by reference to the amendment to the non-redemption agreement filed herewith.

 

ITEM 9C. DISCLOSURE REGARDING FOREIGN JURISDICTIONS THAT PREVENT INSPECTIONS

 

Not applicable.

 

15
 

PART III

 

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

 

The following table sets forth information about our directors and executive officers.

 

Name   Age   Position
Darryl Nakamoto   50   Chief Executive Officer, Director
Allison Van Orman   51   Chief Financial Officer
Dustin Shindo   50   Chairman of the Board
Kotaro Chiba   49   Independent Director
Mike Sayama   70   Independent Director
Trisha Nomura   44   Independent Director, and Chairwoman of the Audit Committee

 

Darryl Nakamoto, Chief Executive Officer and Director

 

Mr. Nakamoto serves as our Chief Executive Officer and Director. He is an entrepreneur and executive with over 20 years of industry experience, including his former role as CFO of a publicly traded company. Since 2017, Mr. Nakamoto serves as President and Owner of Viv, LLC, a successful accounting and finance solutions provider. Since 2021, Mr. Nakamoto has also served as Controller of Hawaiian Springs, LLC. From May 2016 to July 2017, Mr. Nakamoto served as President and CFO of DKI808 LLC, dba Premier Restoration Hawaii, where he secured financing for the purchase of Maui Fire & Flood and expanded the full-service restoration business from Maui to Oahu. Between March 2014 and March 2016, Mr. Nakamoto served as President of Island Flooring. Mr. Nakamoto served as President of Kaiuli Energy from April 2012 to February 2014, a seawater air conditioning startup where he was responsible for strategic decisions and project developments. In January 2024, Mr. Nakamoto began serving as a board member of Big Brothers Big Sisters Hawaii, and from 2014 to 2020, Mr. Nakamoto served as Treasurer, Vice Chair and board member of the Japanese Cultural Center of Honolulu.

 

From January 2005 to March 2012, Mr. Nakamoto was CFO, Treasurer and Secretary of Hoku Scientific, a then publicly traded clean energy firm based in Honolulu, Hawaii, where he managed all finance, accounting, and treasury functions. Between January 2003 and December 2004, Mr. Nakamoto was a Finance Analyst for Frito-Lay of Hawaii. From March 2001 to January 2003, he worked as a Consultant for Akamai Consulting Group/Syntera Solutions. He was a Regional Director for software development startup ActivityMax from 2000 to 2001. Mr. Nakamoto began his career as an Accountant at KPMG from 1996 to 2000. Mr. Nakamoto is a CPA, not in public practice. He graduated from the University of Washington in 1996 with a Bachelor of Arts in Accounting and a Bachelor of Arts in Finance. Mr. Nakamoto is a former Treasurer and board member of the Make-A-Wish foundation of Hawaii. Mr. Nakamoto’s public company experience, paired with his entrepreneurial and management skills in a diverse array of industries makes him a valuable member of our management team and board of directors.

 

Allison Van Orman, Chief Financial Officer

 

Ms. Van Orman is an experienced Certified Public Accountant and entrepreneur. Since December 2000, Ms. Van Orman has served as Principal at Allison D T Van Orman, CPA LLC, where she helps clients navigate complex tax compliance and tax planning issues and consults small business owners to improve operations and identify areas of growth. Ms. Van Orman was sole proprietor of Grumpy Girl Clothing between October 2003 and December 2010, performing duties such as product design, product costing and distribution, graphic design and marketing, and public relations and communications for her business. From 1998 to 2000, Ms. Van Orman was an auditor/accountant at Chinaka, Siu, & Co., CPAs in Honolulu, where she performed accounting and tax duties for small business clients as well as preparing audit programs and supervising assistants on audits of non-profit organizations. Ms. Van Orman received her Bachelor of Science, Magna Cum Laude in Accounting from Santa Clara University in 1995 and her MBA from the University of Hawaii in 1997. She is a licensed CPA in the State of Hawaii, and currently a member of the American Institute of Certified Public Accountants (“AICPA”). Ms. Van Orman’s accounting experience makes her an invaluable asset to the management team.

 

16
 

 

Dustin Shindo, Chairman of the Board

 

Mr. Shindo serves as our Chairman of the Board. He is the Manager of Mehana Capital, LLC, our Sponsor, and is an entrepreneur, executive, technologist, and a seasoned advisor with more than 25 years of industry experience. Mr. Shindo previously served as Chairman of the Board of Pono Capital Three, Inc. until the closing of its business combination with New Horizon Aircraft Ltd. in January 2024. Mr. Shindo also previously served as Chief Executive Officer of Pono Capital Corp. until the closing of its business combination with AERWINS Technologies Inc. in February 2023. Recently, Mr. Shindo started Joyn Corporation, a software company. Mr. Shindo is also the Vice President and director of Perfect Game Hawaii, a non-profit entity supporting baseball. From 2017 to July 2022, Mr. Shindo served as the Chief Executive Officer of Junify Corporation, which operates in California and Japan. Junify offers zero trust network access software (software defined border) to help companies better secure their cloud resources. Mr. Shindo has also been retained for a number of consulting positions since July 2014 for companies working in the health care, travel, technology, construction, and non-profit industries. From December 2012 to December 2018, Mr. Shindo served as the Chief Executive Officer of Pono Health based in California, Washington, and Hawaii, where he provided consulting, data management, analytics, and software development services. Pono Health was the primary entity of Pono Corporation, founded in December 2012. Mr. Shindo managed healthcare data for individuals in Hawaii and for clinics in Washington, Oregon and Arizona. Mr. Shindo also developed analytics platform used to calculate gaps in care, cost savings, and other health metrics.

 

From March 2001 to March 2010, Mr. Shindo served as the Chief Executive Officer of Hoku Scientific based in Honolulu, Hawaii, where he led the company through an IPO on the NASDAQ Global Market and signed customer contracts totaling USD 2+ billion. From December 1995 to August 1997, Mr. Shindo served as the President of Mehana Brewing Company based in Hilo, Hawaii. In June 1995, Mr. Shindo received his Bachelor of Art’s degree in Accounting/Finance/Marketing at University of Washington based in Seattle, Washington. In May 1999, Mr. Shindo received his Master’s in Business Administration at Darden Graduate School of Business Administration, University of Virginia based in Charlottesville, Virginia. In August 2015, Mr. Shindo completed the SEP program at Stanford Graduate School of Business, Stanford University. Mr. Shindo’s entrepreneurial, executive, and advising experience, paired with his public company experience through Pono Capital Corp., Pono Capital Three, Inc., and Hoku Scientific, make him a valuable member of our board of directors.

 

Our Independent Directors

 

Our efforts to seek a suitable business combination target will be complemented and augmented by the expertise and network of relationships of our directors, who each have extensive experience in business and financial matters. In addition to our seasoned executive team, we have assembled a strong group of directors. The board is expected to be comprised of five individuals. These individuals bring together a breadth of operating experience, industry connectivity and proprietary access to leading companies that enhance our value proposition. Our board will be a driving force in our efforts to identify a target and effect a business combination and may invest personal capital in the transaction. The Company’s independent directors’ bios are presented here.

 

Kotaro Chiba, Independent Director

 

Kotaro Chiba serves as an independent director. Mr. Chiba previously served as an Independent Director of Pono Capital Three, Inc. until the closing of its business combination with New Horizon Aircraft Ltd. in January 2024 and as an Independent Director of Pono Capital Corp. until the closing of its business combination with AERWINS Technologies Inc. in February 2023. Mr. Chiba is also the founder and General Partner of Chiba Dojo Fund, a venture capital based fund in Tokyo focusing its investing on Internet and IOT related start-ups since September 2019. Before launching the Chiba Dojo Fund, Mr. Chiba founded and continues to serve as the General Partner of the Drone Fund since in June 2017. The Drone Fund is a venture capital-based fund in Tokyo focusing its investment on drones and air mobility start-ups. The Drone Fund aims to create a drone and air-mobility enabled society. One of the Drone Fund’s portfolio companies went public on the Tokyo Mothers Market in December 2019—the first drone company to make an IPO in Japan. As an angel investor, Mr. Chiba has invested in more than 60 startups and 40 VC funds in Internet markets and other fields. Mr. Chiba also currently serves or has served as Director of various mobility and technology companies, including: Aeronext since April 2017, A.L.I. Technologies, Inc. since December 2017, Prodrone Co. Ltd. from October 2020 to October 2022, teTra aviation from May 2020 to August 2022, and VFR from October 2021 to November 2022.

 

Prior to that, Mr. Chiba was the co-founder, Executive Vice President and director from January 2009 to July 2016 with COLOPL Inc., which focused on mobile gaming services on smartphone applications as well as VR services and location data analysis consulting services, research service dedicated to smartphones. In 2012, he helped lead the company’s listing on the Tokyo Stock Exchange (Mothers) and then in 2014 led the company to a US$4 billion IPO on the Tokyo Exchange market (first section). Prior to that, Mr. Chiba was the founder and director from January 2000 to March 2007 for K Laboratory Inc. (now KLab Inc.) that develops mobile games and online games. Before joining KLab Inc., Mr. Chiba was a mobile web media planner from April 1997 to December 1999 for Recruit Co. Ltd., which is Japan’s largest recruitment company and provides services such as job advertising, temporary staffing, sales promotion, and IT solution.

 

17
 

 

Since April 2019, Mr. Chiba has been a guest Professor at Keio University, a research-oriented campus located in the city of Fujisawa, Kanagawa Prefecture, Japan where he teaches students to become technology innovators. Mr. Chiba is Keio University, SFC Campus graduate, in March 1997, with a Bachelor of Arts in Environment and Information Studies. He is also the first domestic customer of Honda Jet in Japan and holds a private pilot license (FAA Japan). Mr. Chiba’s extensive experience and knowledge in developing start-ups and working in venture capital provides him with a unique perspective and makes him a valuable addition to our board of directors.

 

Mike Sayama, Ph.D., Independent Director

 

Dr. Mike Sayama serves as an independent director. Dr. Sayama previously served as an Independent Director of Pono Capital Three, Inc. until the closing of its business combination with New Horizon Aircraft Ltd. in January 2024 and as an Independent Director for AERWINS Technologies Inc. (f/k/a Pono Capital Corp.). Dr. Sayama was formerly the Executive Director of Community First since it was established in July 2016 until January 2021. As the founding executive director, he was responsible for operations, developing a strategic plan for an accountable health community in East Hawaii, community relations, and fund raising. From January 2021 to June 2021 he served as the Director of Strategy to facilitate the transition to a new management team.

 

From October 2013 to December 2018, Dr. Sayama served as a Vice President at Pono Health and was Director of Learning Health Homes, a project where he was responsible for managing the East Hawaii Independent Physicians Association and implementing a data platform integrating health plan, hospital, and physician data. Dr. Sayama also facilitated the reorganization of EHI and development of its strategic direction. Community First, a 501(c) 3 non-profit, which serves as a neutral forum for healthcare stakeholders in East Hawaii, grew out of the Learning Health Homes Initiative.

 

From August 1997 to October 2013, Dr. Sayama served as a Vice President of the Hawaii Medical Service Association, first in Health Benefits Management and then in Customer Relations. In the first position, he streamlined preauthorization and appeal processes, including the elimination of preauthorization for inpatient admissions without increase in inpatient utilization. In his second position he established call centers in Hilo which stabilized the call center work force and improved the timeliness and accuracy of customer service.

 

From April 2001 to April 2005, Dr. Sayama was a Director on the City Bank Board, and from April 2005 to April 2009, was a Director on the Boards of Central Pacific Bank and Central Pacific Financial Corporation.

 

Regarding education: In May 1975, he received his Bachelor of Arts degree in Psychology from Yale University, and in August 1979, his Master of Arts degree in Clinical Psychology from University of Michigan. In August 1982, Dr. Sayama received his Ph.D. degree in Clinical Psychology from University of Michigan. He is the author of several books on psychotherapy and Zen Buddhism.

 

His community service includes having been a Director on the Bay Clinic Board (the Federally Qualified Health Center in East Hawaii) and currently serving as the Abbot of Chozen-ji, International Zen Dojo. Mr. Sayama brings broad knowledge of the healthcare technology industry, as well as prior experience serving as a founding executive director, which makes him a valuable addition to our board of directors.

 

Trisha Nomura, Independent Director and Chairperson of the Board’s Audit Committee

 

Trisha Nomura serves as an independent director and Chairwoman of our audit committee. Ms. Nomura previously served as an Independent Director and Chairwoman of the audit committee of Pono Capital Three, Inc. until the closing of its business combination with New Horizon Aircraft Ltd. in January 2024 and continues in these roles at the merged company. She also previously served as Chief Financial Officer of Pono Capital Corp. until the closing of its business combination with AERWINS Technologies Inc. in February 2023. Since July 2018, Ms. Nomura has owned a consulting firm, Ascend Consulting, LLC. Prior to opening her own firm, Ms. Nomura worked in both public accounting and private industry. Ms. Nomura was the Chief Operating Officer of HiHR from July 2015 to December 2016, and the Vice President of Strategic Services from May 2014 to July 2015. Ms. Nomura also served as the Chief People Officer of ProService Hawaii from January 2017 to June 2018. Ms. Nomura currently serves as Vice President of the Hawaii Society of Certified Public Accountants. Ms. Nomura began volunteering with the HSCPA since 2010 through the YCPA Squad, has been the Treasurer of Kaneohe Little League since 2013, and is a member of the AICPA, where she was selected to attend the Leadership Academy, has served as an at-large Council member and has also served on the Association Board of Directors. Ms. Nomura is a CPA, not in public practice, and a CGMA. She is a graduate of Creighton University, where she obtained her Bachelor of Science in Business Administration in accounting, and of the University of Hawaii at Manoa, where she earned her Master of Accountancy degree. Ms. Nomura’s consulting, accounting and management skills and knowledge make her an important addition to our board of directors.

 

18
 

 

Number and Terms of Office of Officers and Directors

 

We have five directors. Our board of directors is divided into three classes, with only one class of directors being elected in each year and with each class (except for those directors appointed prior to our first annual meeting of stockholders) serving a three-year term. In accordance with the Nasdaq corporate governance requirements, we are not required to hold an annual meeting until one year after our first fiscal year end following our listing on Nasdaq.

 

The term of office of the first class of directors, consisting of Kotaro Chiba, will expire at our first annual meeting of stockholders. The term of office of the second class of directors, consisting of Darryl Nakamoto and Mike Sayama, will expire at our second annual meeting of the stockholders. The term of office of the third class of directors, consisting of Trisha Nomura and Dustin Shindo, will expire at our third annual meeting of stockholders. We may not hold an annual meeting of stockholders until after we complete our initial business combination. We may not hold an annual meeting of stockholders until after we complete our initial business combination.

 

Prior to the completion of an initial business combination, any vacancy on the board of directors may be filled by a nominee chosen by holders of a majority of our founder shares. In addition, prior to the completion of an initial business combination, holders of a majority of our founder shares may remove a member of the board of directors for any reason. Pursuant to an agreement to be entered into concurrently with the issuance and sale of our securities, our sponsor, upon completion of an initial business combination, will be entitled to nominate individuals for election to our board of directors, as long as our sponsor holds any securities covered by the registration rights agreement.

 

Our officers are appointed by the board of directors and serve at the discretion of the board of directors, rather than for specific terms of office. Our board of directors is authorized to nominate persons to the offices set forth in our amended and restated certificate of incorporation as it deems appropriate. Our amended and restated certificate of incorporation provides that our officers may consist of one or more chairman of the board of directors, chief executive officer, president, chief financial officer, vice presidents, secretary, treasurer and such other offices as may be determined by the board of directors.

 

Director Independence

 

Nasdaq listing standards require that a majority of our board of directors be independent. An “independent director” is defined generally as a person other than an officer or employee of the company or its subsidiaries or any other individual having a relationship which in the opinion of the company’s board of directors, would interfere with the director’s exercise of independent judgment in carrying out the responsibilities of a director. Our independent directors have regularly scheduled meetings at which only independent directors are present. Kotaro Chiba, Mike Sayama and Trisha Nomura are our independent directors.

 

Committees of the Board of Directors

 

Our board of directors has three standing committees: an audit committee, a compensation committee and a corporate governance and nominating committee. Subject to phase-in rules and a limited exception, the rules of Nasdaq and Rule 10A-3 of the Exchange Act require that the audit committee of a listed company be comprised solely of independent directors. Subject to phase-in rules and a limited exception, the rules of Nasdaq require that the compensation committee of a listed company be comprised solely of independent directors.

 

19
 

 

Audit Committee

 

We have established an audit committee of the board of directors. Kotaro Chiba, Mike Sayama, and Trisha Nomura serve as members of our audit committee. Our board of directors has determined that Messrs. Chiba, Sayama and Nomura meet the independent director standard under Nasdaq listing standards and under Rule 10-A-3(b)(1) of the Exchange Act. Trisha Nomura serves as the chairwoman of the audit committee. Each member of the audit committee is financially literate, and our board of directors has determined that Ms. Nomura qualifies as an “audit committee financial expert” as defined in applicable SEC rules. We have adopted an audit committee charter, which details the principal functions of the audit committee, including:

 

  ● appointing, compensating and overseeing our independent registered public accounting firm;
     
  ● reviewing and approving the annual audit plan for the company;
     
  ● overseeing the integrity of our consolidated financial statements and our compliance with legal and regulatory requirements;
     
  ● discussing the annual audited consolidated financial statements and unaudited quarterly consolidated financial statements with management and the independent registered public accounting firm;
     
  ● pre-approving all audit services and permitted non-audit services to be performed by our independent registered public accounting firm, including the fees and terms of the services to be performed;
     
  ● appointing or replacing the independent registered public accounting firm;
     
  ● establishing procedures for the receipt, retention and treatment of complaints (including anonymous complaints) we receive concerning accounting, internal accounting controls, auditing matters or potential violations of law;
     
  ● monitoring our environmental sustainability and governance practices;
     
  ● establishing procedures for the receipt, retention and treatment of complaints received by us regarding accounting, internal accounting controls or reports which raise material issues regarding our consolidated financial statements or accounting policies;
     
  ● approving audit and non-audit services provided by our independent registered public accounting firm;
     
  ● discussing earnings press releases and financial information provided to analysts and rating agencies;
     
  ● discussing with management our policies and practices with respect to risk assessment and risk management;
     
  ● reviewing any material transaction between our Chief Financial Officer that has been approved in accordance with our Code of Ethics for our officers, and providing prior written approval of any material transaction between us and our President; and
     
  ● producing an annual report for inclusion in our proxy statement, in accordance with applicable rules and regulations.

 

The audit committee is a separately designated standing committee established in accordance with Section 3(a)(58)(A) of the Exchange Act.

 

Financial Experts on Audit Committee

 

Pursuant to Nasdaq rules, the audit committee will at all times be composed exclusively of “independent directors” who are able to read and understand fundamental financial statements, including a company’s balance sheet, income statement and cash flow statement.

 

Each member of the audit committee is financially literate, and our board of directors has determined that Ms. Nomura qualifies as an “audit committee financial expert” as defined in applicable SEC rules, which generally is any person who has past employment experience in finance or accounting, requisite professional certification in accounting, or other comparable experience or background that results in the individual’s financial sophistication.

 

20
 

 

Compensation Committee

 

We have established a compensation committee of our board of directors. The members of our compensation committee are Kotaro Chiba, Mike Sayama, and Trisha Nomura, and Mr. Sayama serves as chairman of the compensation committee. Under Nasdaq listing standards and applicable SEC rules, we are required to have at least two members of the compensation committee, all of whom must be independent directors. Our board of directors has determined that each Messrs. Chiba, Sayama and Nomura is independent. We have adopted a compensation committee charter, which details the principal functions of the compensation committee, including:

 

  ● reviewing and approving corporate goals and objectives relevant to our President’s compensation, evaluating our President’s performance in light of those goals and objectives, and setting our President’s compensation level based on this evaluation;

 

  ● setting salaries and approving incentive compensation and equity awards, as well as compensation policies, for all other officers who file reports of their ownership, and changes in ownership, of the company’s common stock under Section 16(a) of the Exchange Act (the “Section 16 Officers”), as designated by our board of directors;

 

  ● making recommendations to the board of directors with respect to incentive compensation programs and equity-based plans that are subject to board approval;

 

  ● approving any employment or severance agreements with our Section 16 Officers;

 

  ● granting any awards under equity compensation plans and annual bonus plans to our President and the Section 16 Officers;

 

  ● approving the compensation of our directors; and

 

  ● producing an annual report on executive compensation for inclusion in our proxy statement, in accordance with applicable rules and regulations.

 

Notwithstanding the foregoing, as indicated above, other than the payment to Mehana Capital LLC, the Sponsor, of $10,000 per month, for up to nine months, or 18 months if we have elected to extend the time to complete our initial business combination, for office space, utilities and secretarial and administrative support, no compensation of any kind, including finders, consulting or other similar fees, will be paid to any of our existing stockholders, officers, directors or any of their respective affiliates, prior to, or for any services they render in order to effectuate the consummation of an initial business combination. Accordingly, it is likely that prior to the consummation of an initial business combination, the compensation committee will only be responsible for the review and recommendation of any compensation arrangements to be entered into in connection with such initial business combination.

 

The charter also provides that the compensation committee may, in its sole discretion, retain or obtain the advice of a compensation consultant, legal counsel or other adviser and will be directly responsible for the appointment, compensation and oversight of the work of any such adviser. However, before engaging or receiving advice from a compensation consultant, external legal counsel or any other adviser, the compensation committee will consider the independence of each such adviser, including the factors required by Nasdaq and the SEC.

 

Corporate Governance and Nominating Committee

 

We have established a corporate governance and nominating committee of our board of directors. The members of our corporate governance and nominating committee are Kotaro Chiba, Mike Sayama, and Trisha Nomura and Mr. Chiba serves as chairman of the corporate governance and nominating committee. Under the Nasdaq listing standards, we are required to have a corporate governance and nominating committee composed entirely of independent directors. Our board of directors has determined that each of Messrs. Chiba, Sayama and Nomura is independent.

 

The primary function of the corporate governance and nominating committee include:

 

  ● identifying individuals qualified to become members of the board of directors and making recommendations to the board of directors regarding nominees for election;
     
  ● reviewing the independence of each director and making a recommendation to the board of directors with respect to each director’s independence;
     
  ● developing and recommending to the board of directors the corporate governance principles applicable to us and reviewing our corporate governance guidelines at least annually;
     
  ● making recommendations to the board of directors with respect to the membership of the audit, compensation and corporate governance and nominating committees;
     
  ● overseeing the evaluation of the performance of the board of directors and its committees on a continuing basis, including an annual self-evaluation of the performance of the corporate governance and nominating committee;
     
  ● considering the adequacy of our governance structures and policies, including as they relate to our environmental sustainability and governance practices;
     
  ● considering director nominees recommended by stockholders; and
     
  ● reviewing our overall corporate governance and reporting to the board of directors on its findings and any recommendations.

 

21
 

 

Guidelines for Selecting Director Nominees

 

The guidelines for selecting nominees generally provide that persons to be nominated:

 

  ● should possess personal qualities and characteristics, accomplishments and reputation in the business community;
     
  ● should have current knowledge and contacts in the communities in which we do business and, in our industry, or other industries relevant to our business;
     
  ● should have the ability and willingness to commit adequate time to the board of directors and committee matters;
     
  ● should demonstrate ability and willingness to commit adequate time to the board of directors and committee matters;
     
  ● should possess the fit of the individual’s skills and personality with those of other directors and potential directors in building a board of directors that is effective, collegial and responsive to our needs; and
     
  ● should demonstrate diversity of viewpoints, background, experience, and other demographics, and all aspects of diversity in order to enable the board of directors to perform its duties and responsibilities effectively, including candidates with a diversity of age, gender, nationality, race, ethnicity, and sexual orientation.

 

Each year in connection with the nomination of candidates for election to the board of directors, the corporate governance and nominating committee will evaluate the background of each candidate, including candidates that may be submitted by our stockholders.

 

Code of Ethics

 

We have adopted a Code of Ethics applicable to our directors, officers and employees. You can review these documents by accessing our public filings at the SEC’s web site at www.sec.gov. In addition, a copy of the Code of Ethics will be provided without charge upon request from us. We intend to disclose any amendments to or waivers of certain provisions of our Code of Ethics in a Current Report on Form 8-K.

 

Section 16(a) Beneficial Ownership Reporting Compliance

 

Section 16(a) of the Securities Exchange Act of 1934, as amended, or the Exchange Act, requires our executive officers, directors and persons who beneficially own more than 10% of a registered class of our equity securities to file with the Securities and Exchange Commission initial reports of ownership and reports of changes in ownership of our shares of common stock and other equity securities. These executive officers, directors, and greater than 10% beneficial owners are required by SEC regulation to furnish us with copies of all Section 16(a) forms filed by such reporting persons.

 

Delinquent Section 16(a) Reports

 

Based solely on our review of such forms furnished to us and written representations from certain reporting persons, we believe that all filing requirements applicable to our executive officers, directors and greater than 10% beneficial owners were filed in a timely manner, except for one Form 3 filed late by ZUU Co. Ltd. on February 6, 2024, which was filed late due to administrative error.

 

22
 

 

ITEM 11. EXECUTIVE COMPENSATION

 

Employment Agreements

 

We have not entered into any employment agreements with our executive officers and have not made any agreements to provide benefits upon termination of employment.

 

Executive Officers and Director Compensation

 

None of our executive officers or directors have received any cash compensation for services rendered to us. In addition, our sponsor, executive officers and directors, or any of their respective affiliates will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. Our audit committee will review on a quarterly basis all payments that were made to our sponsor, executive officers or directors, or our or their respective affiliates. Any such payments prior to an initial business combination will be made using funds held outside the trust account. Other than quarterly audit committee review of such reimbursements, we do not expect to have any additional controls in place governing our reimbursement payments to our directors and executive officers for their out-of-pocket expenses incurred in connection with our activities on our behalf in connection with identifying and completing an initial business combination. The founder shares will be worthless if we do not complete an initial business combination. Other than these payments and reimbursements, no compensation of any kind, including finder’s and consulting fees, will be paid by the company to our sponsor, executive officers and directors, or any of their respective affiliates, prior to completion of our initial business combination.

 

After the completion of our initial business combination, members of our management team who remain with us may be paid consulting or management fees from the combined company. All of these fees will be fully disclosed to stockholders, to the extent then known, in the proxy solicitation materials or tender offer materials furnished to our stockholders in connection with a proposed business combination. We have not established any limit on the amount of such fees that may be paid by the combined company to our members of management. It is unlikely the amount of such compensation will be known at the time of the proposed business combination because the directors of the post-combination business will be responsible for determining executive officer and director compensation. Any compensation to be paid to our executive officers will be determined, or recommended to the board of directors for determination, either by a compensation committee constituted solely by independent directors or by a majority of the independent directors on our board of directors.

 

We do not intend to take any action to ensure that members of our management team maintain their positions with us after the completion of our initial business combination, although it is possible that some or all of our executive officers and directors may negotiate employment or consulting arrangements to remain with us after our initial business combination. The existence or terms of any such employment or consulting arrangements to retain their positions with us may influence our management’s motivation in identifying or selecting a target business but we do not believe that the ability of our management to remain with us after the completion of our initial business combination will be a determining factor in our decision to proceed with any potential business combination. We are not party to any agreements with our executive officers and directors that provide for benefits upon termination of employment.

 

Compensation Committee Interlocks and Insider Participation

 

None of our executive officers currently serves, and in the past year has not served, as a member of the compensation committee of any entity that has one or more executive officers serving on our board of directors.

 

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

 

The following table sets forth as of March 18, 2024 the number of shares of common stock beneficially owned by (i) each person who is known by us to be the beneficial owner of more than five percent of our issued and outstanding shares of common stock (ii) each of our officers and directors; and (iii) all of our officers and directors as a group. As of March 18, 2024, we had 5,216,291 shares of common stock issued and outstanding, including 5,216,290 shares of Class A common stock, and 1 share of Class B common stock.

 

23
 

 

Unless otherwise indicated, we believe that all persons named in the table have sole voting and investment power with respect to all shares of common stock beneficially owned by them. The following table does not reflect record of beneficial ownership of any shares of common stock issuable upon exercise of the warrants, as the warrants are not exercisable within 60 days of March 18, 2024.

 

   Number of Shares   Percentage of 
Name and Address of Beneficial Owner(1)  Beneficially Owned   Outstanding Shares 
Mehana Capital LLC (Our Sponsor)(2)   3,509,375    67.28%
Darryl Nakamoto   0    0%
Allison Van Orman   0    0%
Dustin Shindo(2)   3,509,375    67.28%
Kotaro Chiba   0    0%
Mike Sayama   0    0%
Trisha Nomura   0    0%
All officers and directors as a group   3,509,375    67.28%
(6 individuals)          
ZUU Co. Ltd.(3)   1,392,860    26.7%

 

 

(1) Unless otherwise noted, the business address of each of these entities and individuals is 643 Ilalo Street, #102, Honolulu, Hawaii 96813.
   
(2) Includes 3,509,374 shares of Class A common stock and 1 share of Class B common stock, which is convertible into 1 share of Class A common stock on a one-for-one basis at any time at the shareholder’s election. Excludes 634,375 shares of Class A common stock issuable upon the exercise of 634,375 private placement warrants. Dustin Shindo is the control person of the Sponsor, and possesses all voting power. By virtue of this relationship, Dustin Shindo may be deemed to share beneficial ownership of the securities held of record by our sponsor. Dustin Shindo disclaims any such beneficial ownership except to the extent of his respective pecuniary interest
   
(3) Based on the Schedule 13D/A filed by the holder on February 29, 2024. The holder’s address is 3-6-28 Aobadai, Meguroku, Tokyo 154-0042, Japan. The reported securities are held directly by ZUU Funders Co. Ltd. (“Funders”) and may be deemed to be held indirectly by ZUU Target Fund for SBC Medical Group HD Investment Partnership (the “Fund”), ZUU Co. Ltd. (“ZUU”), and Kazumasa Tomita (“Mr. Tomita” and, together with Funders, the Fund, and ZUU, the “Reporting Persons”). Funders is the operating partner of the Fund and a wholly-owned subsidiary of ZUU. ZUU is majority owned and controlled by Mr. Tomita. The Reporting Persons disclaim beneficial ownership, except to the extent of their pecuniary interest.

 

ITEM 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS, AND DIRECTOR INDEPENDENCE

 

Founder Shares

 

On May 17, 2022, the Sponsor paid an aggregate of $25,000 to cover certain expenses on our behalf in exchange for the issuance of 2,875,000 shares of Class B common stock (the “Founder Shares”). The Founder Shares included an aggregate of up to 375,000 shares of Class B common stock subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment option was not exercised in full or in part, so that the Sponsor will own, on an as-converted basis, 20% of our issued and outstanding shares after the Initial Public Offering. The underwriters exercised the over-allotment option in full, so those shares are no longer subject to forfeiture.

 

The Sponsor has agreed not to transfer, assign or sell any of the Class B common stock (except to certain permitted transferees as disclosed herein) until, with respect to any of the Class B common stock, the earlier of (i) six months after the date of the consummation of a business combination, or (ii) the date on which the closing price of our common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after a business combination, with respect to the remaining any of the Class B common stock, upon six months after the date of the consummation of a business combination, or earlier, in each case, if, subsequent to a business combination, we consummate a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of our stockholders having the right to exchange their common stock for cash, securities or other property. On May 8, 2023, the Sponsor converted 2,874,999 Founder Shares of Class B common stock into 2,874,999 shares of Class A common stock, which shares include these same transfer restrictions.

 

24
 

 

Promissory Note - Related Party

 

On April 25, 2022, the Sponsor agreed to loan us an aggregate of up to $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note (the “Promissory Note”). This loan was non-interest bearing and payable on the earlier of (i) March 31, 2023 or (ii) the date on which we consummated the Initial Public Offering. Prior to the Initial Public Offering, we had borrowed $300,000 under the Promissory Note. The outstanding balance under the Promissory Note of $300,000 was repaid at the closing of the Initial Public Offering on August 9, 2022.

 

Administrative Support Agreement

 

The Sponsor has agreed, commencing from the date of the Initial Public Offering through the earlier of our consummation of a business combination and its liquidation, to make available to us certain general and administrative services, including office space, utilities and administrative services, as we may require from time to time. We have agreed to pay to the Sponsor, $10,000 per month for these services to complete a business combination. For the year ended December 31, 2023 and the period from March 11, 2022 (inception) through December 31, 2022, $120,000 and $50,000 were paid to Mehana Capital LLC for these services, respectively.

 

Convertible Promissory Note

 

On May 26, 2023, we entered into a Convertible Promissory Note with SBC, pursuant to which SBC agreed to loan us an aggregate principal of $1,000,000 (the “Convertible Promissory Note”). The Convertible Promissory Note is non-interest bearing and is due and payable upon the earlier to occur of (i) the date on which our initial Business Combination is consummated and (ii) our liquidation on or before November 9, 2024, or such later liquidation date as may be approved by our stockholders. There is an outstanding balance of $1,000,000 for this SBC loan as of December 31, 2023. The Convertible Promissory Note may be converted into Class A Common Stock at one share for each $10 of additional capital contribution at the option of SBC. As of December 31, 2023 and December 31, 2022, the outstanding balance under the Convertible Promissory Note amounted to an aggregate of $1,000,000 and $0, respectively.

 

Related Party Loans

 

In order to finance transaction costs in connection with the initial business combination, the Sponsor or an affiliate of the Sponsor or certain of our officers and directors may, but are not obligated to, loan us funds as may be required. If we complete the initial business combination, we will repay such loaned amounts. In the event that the initial business combination does not close, we may use a portion of the working capital held outside the Trust Account to repay such loaned amounts, including the repayment of loans from the Sponsor to pay for any amount deposited to pay for any extension of the time to complete the initial business combination, but no proceeds from the Trust Account would be used for such repayment. Up to $1,500,000 of such loans may be convertible into Units, at a price of $10.00 per Unit at the option of the lender, upon consummation of the initial business combination. The Units would be identical to the Placement Units. The terms of such loans by our officers and directors, if any, have not been determined and no written agreements exist with respect to such loans. As of December 31, 2023 and December 31, 2022, we did not have any outstanding related party loans.

 

General

 

If any of our officers or directors becomes aware of a business combination opportunity that falls within the line of business of any entity to which he or she has then-current fiduciary or contractual obligations, he or she will honor his or her fiduciary or contractual obligations to present such opportunity to such entity. Our officers and directors currently have certain relevant fiduciary duties or contractual obligations that may take priority over their duties to us.

 

Other than equity provided to our independent directors, no compensation of any kind, including finder’s and consulting fees, will be paid to our sponsor, officers and directors, or any of their respective affiliates, for services rendered prior to or in connection with the completion of an initial business combination. However, these individuals will be reimbursed for any out-of-pocket expenses incurred in connection with activities on our behalf such as identifying potential target businesses and performing due diligence on suitable business combinations. The Sponsor has agreed to pay for the formation costs, and waived to seek reimbursement from the Company for such costs. Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers, directors or our or their respective affiliates and will determine which expenses and the amount of expenses that will be reimbursed. There is no cap or ceiling on the reimbursement of out-of-pocket expenses incurred by such persons in connection with activities on our behalf.

 

After our initial business combination, members of our management team who remain with us may be paid consulting, management or other fees from the combined company with any and all amounts being fully disclosed to our stockholders, to the extent then known, in the tender offer or proxy solicitation materials, as applicable, furnished to our stockholders. It is unlikely the amount of such compensation will be known at the time of distribution of such tender offer materials or at the time of a stockholder meeting held to consider our initial business combination, as applicable, as it will be up to the directors of the post-combination business to determine executive and director compensation. We have entered into a registration rights agreement pursuant to which our sponsor is entitled to certain registration rights with respect to the placement warrants and the shares of our Class A common stock issuable upon conversion of the Founder Shares.

 

25
 

 

Policy for Approval of Related Party Transactions

 

Our audit committee of our board of directors has adopted a charter, providing for the review, approval and/or ratification of “related party transactions,” which are those transactions required to be disclosed pursuant to Item 404 of Regulation S-K as promulgated by the SEC, by the audit committee. At its meetings, the audit committee shall be provided with the details of each new, existing or proposed related party transaction, including the terms of the transaction, any contractual restrictions that the company has already committed to, the business purpose of the transaction and the benefits of the transaction to the company and to the relevant related party. Any member of the audit committee who has an interest in the related party transaction under review by the committee shall abstain from voting on the approval of the related party transaction, but may, if so requested by the chairman of the committee, participate in some or all of the committee’s discussions of the related party transaction. Upon completion of its review of the related party transaction, the committee may determine to permit or to prohibit the related party transaction. An affirmative vote of a majority of the members of the audit committee, present at a meeting at which a quorum is present, will be required in order to approve a related party transaction. A majority of the members of the entire audit committee will constitute a quorum. Without a meeting, the unanimous written consent of all of the members of the audit committee will be required to approve a related party transaction. Our audit committee will review on a quarterly basis all payments that were made by us to our sponsor, officers or directors, or our or any of their affiliates.

 

These procedures are intended to determine whether any such related party transaction impairs the independence of a director or presents a conflict of interest on the part of a director, employee or officer. To further minimize conflicts of interest, we have agreed not to consummate an initial business combination with an entity that is affiliated with any of our sponsor, officers or directors unless we, or a committee of independent directors, have obtained an opinion from either an independent investment banking firm that is a member of FINRA or an independent accounting firm that our initial business combination is fair to our company from a financial point of view.

 

Furthermore, no finder’s fees, reimbursements, consulting fee, monies in respect of any payment of a loan or other compensation will be paid by us to our Sponsor, officers or directors or any affiliate of our Sponsor, officers or directors prior to, for services rendered to us prior to, or in connection with any services rendered in order to effectuate, the consummation of our initial business combination (regardless of the type of transaction that it is). However, the following payments will be made to our Sponsor, officers or directors, or our or their affiliates, none of which will be made from the proceeds of the IPO held in the trust account prior to the completion of our initial business combination:

 

  ● Payment to Mehana Capital LLC, our Sponsor, of $10,000 per month, for up to 27 months if we elect to extend the time to complete our initial business combination, for office space, utilities and secretarial and administrative support;
     
  ● Reimbursement for any out-of-pocket expenses related to identifying, investigating and completing an initial business combination; and
     
  ● Repayment of non-interest-bearing loans which may be made by our sponsor or an affiliate of our sponsor or certain of our officers and directors to finance transaction costs in connection with an intended initial business combination, the terms of which (other than as described above) have not been determined nor have any written agreements been executed with respect thereto. Up to $1,500,000 of such loans may be convertible into units, at a price of $10.00 per unit at the option of the lender, upon consummation of our initial business combination. The units would be identical to the placement units.
     
  ● Repayment of loans from our Sponsor to pay for any amount deposited to pay for any extension of the time to complete our initial business combination. All of such loans may be convertible into units, at a price of $10.00 per unit at the option of the lender, upon consummation of our initial business combination. The units would be identical to the placement units.

 

Our audit committee will review on a quarterly basis all payments that were made to our sponsor, officers, directors or our or their affiliates.

 

Director Independence

 

Nasdaq listing standards require that a majority of our board of directors be independent. For a description of the director independence, see “— Part III, Item 10 - Directors, Executive Officers and Corporate Governance”.

 

26
 

 

ITEM 14. PRINCIPAL ACCOUNTANT FEES AND SERVICES.

 

The firm of Marcum LLP, or Marcum, acts as our independent registered public accounting firm. The following is a summary of fees paid to Marcum for services rendered.

 

Audit Fees.

 

For the year ended December 31, 2023, fees for our independent registered public accounting firm were $120,902 for the services Marcum performed in connection with the audit of our December 31, 2023 consolidated financial statements included in this Annual Report on Form 10-K.

 

For the period from March 11, 2022 (inception) through December 31, 2022, fees for our independent registered public accounting firm were $108,184 for the services Marcum performed in connection with our Initial Public Offering and the audit of our December 31, 2022 consolidated financial statements included in this Annual Report on Form 10-K.

 

Audit-Related Fees.

 

For the year ended December 31, 2023 and for the period from March 11, 2022 (inception) through December 31, 2022, our independent registered public accounting firm did not render assurance and related services that are reasonably related to the performance of the audit or review of consolidated financial statements.

 

Tax Fees. For the year ended December 31, 2023 and the period from March 11, 2022 (inception) through December 31, 2022, Marcum did not render any tax return services, planning or tax advice.

 

All Other Fees. For the year ended December 31, 2023 and the period from March 11, 2022 (inception) through December 31, 2022, there were no fees billed for products and services provided by our independent registered public accounting firm other than those set forth above.

 

Pre-Approval Policy

 

Our audit committee was formed upon the consummation of our Initial Public Offering. As a result, the audit committee did not pre-approve all of the foregoing services, although any services rendered prior to the formation of our audit committee were approved by our board of directors. Since the formation of our audit committee, and on a going-forward basis, the audit committee has and will pre-approve all auditing services and permitted non-audit services to be performed for us by our auditors, including the fees and terms thereof (subject to the de minimis exceptions for non-audit services described in the Exchange Act which are approved by the audit committee prior to the completion of the audit).

 

27
 

 

part IV

 

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

 

  (a) The following documents are filed as part of this Form 10-K:

 

  (1) Financial Statements:

 

  Page
Report of Independent Registered Public Accounting Firm (PCAOB ID 688) F-1
Consolidated Balance Sheets F-2
Consolidated Statements of Operations F-3
Consolidated Statements of Changes in Stockholders’ Equity (Deficit) F-4
Consolidated Statements of Cash Flows F-6
Notes to Consolidated Financial Statements F-7

 

  (2) Financial Statement Schedules:

 

None.

 

  (3) Exhibits

 

The following exhibits are filed with this report. Exhibits which are incorporated herein by reference can be obtained from the SEC’s website at sec.gov.

 

Exhibit No.   Description
1.1   Underwriting Agreement, dated August 4, 2022, between the Company and EF Hutton, division of Benchmark Investments, LLC, as representative of the underwriters named therein, (incorporated by reference to Exhibit 1.1 filed with the Form 8-K filed by the Registrant on August 9, 2022).
2.1†   Amended and Restated Agreement and Plan of Merger, dated June 21, 2023, by and among Pono, Merger Sub, SBC, the Purchaser Representative, and the Seller Representative (incorporated by reference to Exhibit 2.1 filed with the Form 8-K filed by the Registrant on June 22, 2023).
2.2   Amendment No. 1 to Amended and Restated Agreement and Plan of Merger, dated September 8, 2023, by and among Pono, Merger Sub, SBC, Yoshiyuki Aikawa, and the Seller Representative. (incorporated by reference to Exhibit 2.2 filed with the Form 8-K filed by the Registrant on September 11, 2023).
2.3   Amendment No. 2 to Amended and Restated Agreement and Plan of Merger, dated October 26, 2023, by and among Pono, Merger Sub, SBC, Yoshiyuki Aikawa, and the Seller Representative. (incorporated by reference to Exhibit 2.2 filed with the Form 8-K filed by the Registrant on October 26, 2023).
2.4   Amendment No. 3 to Amended and Restated Agreement and Plan of Merger, dated December 28, 2023, by and among Pono, Merger Sub, SBC, Yoshiyuki Aikawa, and the Seller Representative. (incorporated by reference to Exhibit 2.2 filed with the Form 8-K filed by the Registrant on December 29, 2023).
3.1   Third Amended and Restated Certificate of Incorporation dated August 4, 2022 (incorporated by reference to Exhibit 3.1 filed with the Form 8-K filed by the Registrant on August 9, 2022).
3.2   Certificate of Amendment to Third Amended and Restated Certificate of Incorporation, dated May 8, 2023 (incorporated by reference to Exhibit 3.1 filed with the Form 8-K filed by the Registrant on May 9, 2023).
3.3   Certificate of Amendment to Third Amended and Restated Certificate of Incorporation, dated February 5, 2024 (incorporated by reference to Exhibit 3.1 filed with the Form 8-K filed by the Registrant on February 8, 2024).
3.4   By Laws (incorporated by reference to Exhibit 3.3 filed with the Form S-1 filed by the Registrant on June 14, 2022).
4.1   Specimen Unit Certificate (incorporated by reference to Exhibit 4.1 filed with the Form S-1/A filed by the Registrant on July 22, 2022).
4.2   Specimen Class A Common Stock Certificate (incorporated by reference to Exhibit 4.2 filed with the Form S-1/A filed by the Registrant on July 22, 2022).
4.3   Specimen Warrant Certificate (incorporated by reference to Exhibit 4.1 filed with the Form 8-K filed by the Registrant on August 9, 2022).
4.4   Warrant Agreement, dated August 4, 2022, between the Company and Continental Stock Transfer & Trust Company (incorporated by reference to Exhibit 4.1 filed with the Form 8-K filed by the Registrant on August 9, 2022).
4.5*   Description of Securities
10.1   Amended and Restated Securities Subscription Agreement, dated May 17, 2022, between the Registrant and Mehana Capital LLC (incorporated by reference to Exhibit 10.6 filed with the Form S-1 filed by the Registrant on June 14, 2022).
10.2   Amendment to the Amended and Restated Securities Subscription Agreement, dated July 21, 2022, between the Registrant and Mehana Capital LLC (incorporated by reference to Exhibit 10.7 filed with the Form S-1/A filed by the Registrant on July 22, 2022).
10.3   Promissory Note, dated April 25, 2022, issued to Mehana Capital LLC (incorporated by reference to Exhibit 10.5 filed with the Form S-1 filed by the Registrant on June 14, 2022).
10.4   Letter Agreement, dated August 4, 2022, among the Company, Mehana Capital LLC, each of the executive officers and directors of the Company, and EF Hutton, division of Benchmark Investments, LLC (incorporated by reference to Exhibit 10.1 filed with the Form 8-K filed by the Registrant on August 9, 2022).

 

28
 

 

10.5   Investment Management Trust Agreement, dated August 4, 2022, between the Company and Continental Stock Transfer & Trust Company (incorporated by reference to Exhibit 10.2 filed with the Form 8-K filed by the Registrant on August 9, 2022).
10.6   Registration Rights Agreement, dated August 4, 2022, among the Company and certain securityholders (incorporated by reference to Exhibit 10.3 filed with the Form 8-K filed by the Registrant on August 9, 2022).
10.7   Placement Unit Purchase Agreement, dated August 4, 2022, between the Company and Mehana Capital LLC (incorporated by reference to Exhibit 10.4 filed with the Form 8-K filed by the Registrant on August 9, 2022).
10.8   Form of Indemnity Agreement (incorporated by reference to Exhibit 10.4 filed with the Form S-1/A filed by the Registrant on July 22, 2022).
10.9   Administrative Support Agreement, dated August 4, 2022, by and between the Company and Mehana Capital LLC (incorporated by reference to Exhibit 10.6 filed with the Form 8-K filed by the Registrant on August 9, 2022).
10.10   Form of Lock-up Agreement (incorporated by reference to Exhibit 10.1 filed with the Form 8-K filed by the Registrant on February 2, 2023).
10.11  Form of Non-Competition Agreement (incorporated by reference to Exhibit 10.2 filed with the Form 8-K filed by the Registrant on February 2, 2023).
10.12   Form of Registration Rights Agreement (incorporated by reference to Exhibit 10.3 filed with the Form 8-K filed by the Registrant on February 2, 2023).
10.13   Purchaser Support Agreement (incorporated by reference to Exhibit 10.4 filed with the Form 8-K filed by the Registrant on February 2, 2023).
10.14   Voting Agreement (incorporated by reference to Exhibit 10.5 filed with the Form 8-K filed by the Registrant on February 2, 2023).
10.15   Form of Non-Redemption Agreement (incorporated by reference to Exhibit 10.1 filed with the Form 8-K filed by the Registrant on May 4, 2023).
10.16   Note Purchase Agreement, dated as of May 18, 2023, by and between Pono Capital Two, Inc. and SBC Medical Group Holdings Incorporated (incorporated by reference to Exhibit 10.1 filed with the Form 8-K filed by the Registrant on May 19, 2023).
10.17   Form of Convertible Promissory Note (incorporated by reference to Exhibit 10.2 filed with the Form 8-K filed by the Registrant on May 19, 2023).
10.18   Form of Non-Redemption Agreement (incorporated by reference to Exhibit 10.1 filed with the Form 8-K filed by the Registrant on January 18, 2024).
10.19*   Amendment to the Non-Redemption Agreement.

10.20

  

Amendment to Note Purchase Agreement, dated as of February 27, 2024, by and between Pono Capital Two, Inc. and SBC Medical Group Holdings Incorporated (incorporated by reference to Exhibit 10.1 filed with the Form 8-K filed by the Registrant on March 1, 2024).

14   Form of Code of Ethics (incorporated by reference to Exhibit 14 filed with the Form S-1/A filed by the Registrant on July 22, 2022).
31.1*   Certification of Principal Executive Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*   Certification of Principal Financial Officer Pursuant to Rules 13a-14(a) and 15d-14(a) under the Securities Exchange Act of 1934, as Adopted Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1*   Certification of Principal Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2*   Certification of Principal Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
97.1*   Clawback Policy.
101.INS*   Inline XBRL Instance Document - the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.
101.SCH*   Inline XBRL Taxonomy Extension Schema Document.
101.CAL*   Inline XBRL Taxonomy Extension Calculation Linkbase Document.
101.DEF*   Inline XBRL Taxonomy Extension Definition Linkbase Document.
101.LAB*   Inline XBRL Taxonomy Extension Label Linkbase Document.
101.PRE*   Inline XBRL Taxonomy Extension Presentation Linkbase Document.
104*   Cover Page Interactive Data File - the cover page interactive data file does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document.

 

 

* Filed herewith.

 

† Certain of the exhibits and schedules to this Exhibit have been omitted in accordance with Regulation S-K Item 601(b)(2). The Registrant agrees to furnish a copy of all omitted exhibits and schedules to the Securities and Exchange Commission upon its request.

 

ITEM 16. FORM 10-K SUMMARY.

 

None.

 

29
 

 

SIGNATURES

 

Pursuant to the requirements of Section 13 or 15(d) of the Exchange Act of 1934, the registrant caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

 

Dated: March 18, 2024 PONO CAPITAL TWO, INC.
     
  By: /s/ Darryl Nakamoto
  Name: Darryl Nakamoto
  Title: Chief Executive Officer, Director

 

Pursuant to the requirements of the Securities Exchange Act of 1934, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

 

Signature   Title   Date
         
/s/ Darryl Nakamoto   Chief Executive Officer, Director   March 18, 2024
Darryl Nakamoto   (Principal Executive Officer)    
         
/s/ Allison Van Orman   Chief Financial Officer   March 18, 2024
Allison Van Orman   (Principal Accounting and Financial Officer)    
         
/s/ Dustin Shindo   Chairman of the Board   March 18, 2024
Dustin Shindo        
         
/s/ Kotaro Chiba   Director   March 18, 2024
Kotaro Chiba        
         
/s/ Mike Sayama   Director   March 18, 2024
Mike Sayama        
         
/s/ Trisha Nomura   Director   March 18, 2024
Trisha Nomura        

 

30
 

 

PONO CAPITAL TWO, INC.

INDEX TO CONSOLIDATED FINANCIAL STATEMENTS

 

  Page
   
Report of Independent Registered Public Accounting Firm (PCAOB ID 688) F-1
   
Consolidated Balance Sheets as of December 31, 2023 and December 31, 2022 F-2
   
Consolidated Statements of Operations for the year ended December 31, 2023 and for the period from March 11, 2022 (inception) through December 31, 2022 F-3
   
Consolidated Statements of Changes in Stockholders’ Equity (Deficit) for the year ended December 31, 2023 and for the period from March 11, 2022 (inception) through December 31, 2022 F-4
   
Consolidated Statements of Cash Flows for the year ended December 31, 2023 and for the period from March 11, 2022 (inception) through December 31, 2022 F-6
   
Notes to Consolidated Financial Statements F-7

 

31
 

 

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

 

To the Stockholders and Board of Directors of

Pono Capital Two, Inc.

 

Opinion on the Financial Statements

 

We have audited the accompanying consolidated balance sheets of Pono Capital Two, Inc. (the “Company”) as of December 31, 2023 and 2022, the related consolidated statements of operations, changes in stockholders’ deficit and cash flows for the year ended December 31, 2023 and for the period from March 11, 2022 (inception) through December 31, 2022, and the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2023 and 2022, and the results of its operations and its cash flows for the year ended December 31, 2023 and for the period from March 11, 2022 (inception) through December 31, 2022, in conformity with accounting principles generally accepted in the United States of America.

 

Explanatory Paragraph – Going Concern

 

The accompanying financial statements have been prepared assuming that the Company will continue as a going concern. As described in Note 1 to the financial statements, the Company is a Special Purpose Acquisition Corporation that was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses on or before November 9, 2024. The Company entered into an agreement and plan of merger with a business combination target on January 31, 2023; however, the completion of this transaction is subject to the approval of the Company’s stockholders among other conditions. There is no assurance that the Company will obtain the necessary approvals, satisfy the required closing conditions, raise the additional capital it needs to fund its operations, and complete the transaction prior to November 9, 2024, if at all. The Company also has no approved plan in place to extend the business combination deadline and fund operations for any period of time after November 9, 2024, in the event that it is unable to complete a business combination by that date. These matters raise substantial doubt about the Company’s ability to continue as a going concern. Management’s plans with regard to these matters are also described in Note 1. The financial statements do not include any adjustments that may be necessary should the Company be unable to continue as a going concern.

 

Basis for Opinion

 

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (“PCAOB”) and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

 

We conducted our audits in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audits to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits we are required to obtain an understanding of internal control over financial reporting but not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

 

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

 

/s/ Marcum llp  
   
Marcum LLP  
   
We have served as the Company’s auditor since 2022.  
   
Boston, MA  
March 18, 2024  

 

F-1
 

 

PONO CAPITAL TWO, INC.

CONSOLIDATED BALANCE SHEETS

 

   December 31, 2023   December 31, 2022 
Assets:        
Current assets:          
Cash  $284,394   $485,564 
Prepaid expenses   110,149    236,625 
Total Current Assets   394,543    722,189 
Marketable securities held in Trust Account   20,850,793    119,220,016 
Total Assets  $21,245,336   $119,942,205 
           
Liabilities and Stockholders’ Deficit:          
Current liabilities:          
Accounts payable  $43,910   $79,440 
Accrued expenses   480,050    76,420 
Convertible Promissory Note   1,000,000    — 
Franchise tax payable   72,978    161,644 
Income tax payable   11,317    248,508 
Excise tax payable   1,000,789    — 
Total Current Liabilities   2,609,044    566,012 
Deferred underwriting fee payable   4,025,000    4,025,000 
Total Liabilities   6,634,044    4,591,012 
           
Commitments and Contingencies (Note 6)   -       
Class A common stock subject to possible redemption, 1,922,750 and 11,500,000 shares at redemption value of $10.72 and $10.32 per share as of December 31, 2023 and 2022, respectively   20,606,204    118,709,864 
           
Stockholders’ Deficit:          
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding   —    — 
Class A common stock, $0.0001 par value; 100,000,000 shares authorized; 3,566,8741 and 691,875 shares issued and outstanding (excluding 1,922,750 and 11,500,000 shares subject to possible redemption) at December 31, 2023 and December 31, 2022, respectively    357    69 
Class B common stock, $0.0001 par value; 10,000,000 shares authorized; 1 and 2,875,000 issued and outstanding at December 31, 2023 and December 31, 2022, respectively   —    288 
Additional paid-in capital   —    — 
Accumulated deficit   (5,995,269)   (3,359,028)
Total Stockholders’ Deficit   (5,994,912)   (3,358,671)
Total Liabilities and Stockholders’ Deficit  $21,245,336   $119,942,205 

 

12,874,999 converted Class B shares are not subject to possible redemption

 

The accompanying notes are an integral part of these consolidated financial statements.

 

F-2
 

 

PONO CAPITAL TWO, INC.

CONSOLIDATED STATEMENTS OF OPERATIONS

 

  

For the year ended

December 31, 2023

  

For the period from 

March 11, 2022

(inception) through

December 31, 2022

 
Operating and formation costs  $1,635,452   $382,051 
Franchise tax expense   137,379    161,644 
Loss from Operations   (1,772,831)   (543,695)
           
Other Income:          
Interest and dividend income on investments held in Trust Account   2,641,407    1,345,016 
Income before income taxes   868,576    801,321 
Income tax expense   (528,809)   (248,508)
Net income  $339,767   $552,813 
           
Basic weighted average shares outstanding, Class A common stock   7,840,002    5,951,288 
Basic net income per share, Class A common stock  $0.04   $0.06 
Diluted weighted average shares outstanding, Class A common stock   7,900,002    5,951,288 
Diluted net income per share, Class A common stock  $0.04   $0.06 
Basic weighted average shares outstanding, Class B common stock   1,008,220    2,683,051 
Basic net income per share, Class B common stock  $0.04   $0.06 
Diluted weighted average shares outstanding, Class B common stock   1,008,220    2,683,051 
Diluted net income per share, Class B common stock  $0.04   $0.06 

 

The accompanying notes are an integral part of these consolidated financial statements.

 

F-3
 

 

PONO CAPITAL TWO, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

FOR THE YEAR ENDED DECEMBER 31, 2023

 

   Shares      Shares             
   Class A
Common Stock		   Class B
Common Stock		   Additional Paid-in   Accumulated   Total Stockholders’ 
   Shares   Amount   Shares   Amount   Capital   Deficit   Deficit 
Balance at December 31, 2022   691,875   $69    2,875,000   $288   $—   $(3,359,028)  $(3,358,671)
Shareholder non-redemption agreement   —    —    —    —    709,691    —    709,691 
Shareholder non-redemption agreement   —    —    —    —    (709,691)   —    (709,691)
Conversion of Class B common stock to Class A common stock   2,874,999    288    (2,874,999)   (288)   —    —    — 
Excise tax   —    —    —    —    —    (1,000,789)   (1,000,789)
Accretion of Class A common stock subject to redemption to redemption amount   —    —    —    —    —    (1,975,219)   (1,975,219)
Net income   —    —    —    —    —    339,767    339,767 
Balance at December 31, 2023   3,566,874   $357    1   $—   $—   $(5,995,269)  $(5,994,912)

  

The accompanying notes are an integral part of these consolidated financial statements.

 

F-4
 

 

PONO CAPITAL TWO, INC.

CONSOLIDATED STATEMENTS OF CHANGES IN STOCKHOLDERS’ DEFICIT

 

FOR THE PERIOD FROM MARCH 11, 2022 (INCEPTION) THROUGH DECEMBER 31, 2022

 

   Class A
Common Stock		   Class B
Common Stock		   Additional Paid-in   Accumulated   Total Stockholders’ 
   Shares   Amount   Shares   Amount   Capital   Deficit   Deficit 
Balance at March 11, 2022 (inception)   —   $—    —   $—   $—   $—   $— 
Issuance of Class B common stock to Sponsor(1)   —    —    2,875,000    288    24,712    —    25,000 
Issuance of Placement Units   634,375    63    —    —    6,343,687    —    6,343,750 
Issuance of Representative shares   57,500    6    —    —    67,269    —    67,275 
Proceeds allocated to Public Warrants   —    —    —    —    2,978,500    —    2,978,500 
Value of offering costs allocated to the fair value of equity instruments   —    —    —    —    (205,388)   —    (205,388)
Accretion of Class A common stock subject to redemption to redemption amount   —    —    —    —    (9,208,780)   (3,911,841)   (13,120,621)
Net income   —    —    —    —         552,813    552,813 
Balance at December 31, 2022   691,875   $69    2,875,000   $288   $—   $(3,359,028)  $(3,358,671)

 

(1)Includes up to 375,000 shares of Class B common stock subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). The underwriters exercised their over-allotment option in full on August 9, 2022; thus, no shares of common stock remain subject to forfeiture as of August 9, 2022 (see Note 5).

 

The accompanying notes are an integral part of these consolidated financial statements.

 

F-5
 

 

PONO CAPITAL TWO, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

 

  

For the year ended

December 31, 2023

  

For the period from
March 11,2022
(inception) through

December 31, 2022

 
Cash Flows from Operating Activities:          
Net income  $339,767   $552,813 
Adjustments to reconcile net income to net cash used in operating activities:          
Interest and dividend income on investments held in Trust Account   (2,641,407)   (1,345,016)
Changes in operating assets and liabilities:          
Prepaid expenses   126,476    (236,625)
Accounts payable   (35,530)   79,440 
Accrued expenses   403,630    76,420 
Franchise tax payable   (88,666)   161,644 
Income tax payable   (237,191)   248,508 
Net cash used in operating activities   (2,132,921)   (462,816)
           
Cash Flows from Investing Activities:          
Investment of cash in Trust Account   —    (117,875,000)
Proceeds from Trust Account to pay taxes   931,751    — 
Proceeds from Trust Account for payment to redeeming shareholders   100,078,879    — 
Net cash provided by (used in) investing activities   101,010,630    (117,875,000)
           
Cash Flows from Financing Activities:          
Proceeds from convertible promissory note   1,000,000    — 
Payment to redeeming shareholders   (100,078,879)   — 
Proceeds from sale of private placement units        6,343,750 
Proceeds from issuance of Class B common stock to Sponsor   —    25,000 
Proceeds from sale of Units, net of underwriting discount paid        113,045,000 
Proceeds from promissory note - related party   —    300,000 
Repayment of Promissory note - related party        (300,000)
Advance from Sponsor for payment of formation costs   —    412 
Repayment to Sponsor for payment of formation costs   —    (412)
Payment of offering costs   —    (590,370)
Net cash (used in) provided by financing activities   (99,078,879)   118,823,380 
           
Net Change in Cash   (201,170)   485,564 
Cash - Beginning of period   485,564    — 
Cash - End of period  $284,394   $485,564 
           
Supplemental disclosure of non-cash investing and financing activities:          
Excise tax related to redemption of Class A common stock  $1,000,789   $— 
Shareholder non-redemption agreement  $709,691   $— 
Accretion of Class A common stock subject to redemption to redemption amount  $1,975,219   $13,120,621 
Fair value of Representative Shares  $—   $67,275 
Deferred underwriting fee payable  $—   $4,025,000 
Cash paid for income and franchise taxes  $992,045    — 

 

The accompanying notes are an integral part of these consolidated financial statements.

 

F-6
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

NOTE 1. DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN

 

Pono Capital Two, Inc. (the “Company”) is a blank check company incorporated in Delaware on March 11, 2022. The Company was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a “business combination”). The Company is not limited to a particular industry or geographic region for purposes of consummating a business combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

 

As of December 31, 2023, the Company had not commenced any operations. All activity for the period from March 11, 2022 (inception) through December 31, 2023 relates to the Company’s formation and initial public offering (“Initial Public Offering”) and subsequent costs related to completing a business combination. The Company will not generate any operating revenues until after the completion of a business combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year end.

 

The registration statement for the Company’s Initial Public Offering was declared effective on August 4, 2022. On August 9, 2022, the Company consummated the Initial Public Offering of 11,500,000 units, (the “Units” and, with respect to the Class A common stock included in the Units sold, the “Public Shares”), including 1,500,000 Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $115,000,000, which is discussed in Note 3.

 

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 634,375 units (the “Placement Units”) at a price of $10.00 per Placement Unit in a private placement to Mehana Capital LLC (the “Sponsor”), including 63,000 Placement Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $6,343,750, which is described in Note 4.

 

Following the closing of the Initial Public Offering on August 9, 2022, an amount of $117,875,000 ($10.25 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Placement Units was placed in a trust account (the “Trust Account”), and will be invested only in U.S. government treasury obligations with maturities of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury obligations, until the earlier of: (i) the completion of a business combination and (ii) the distribution of the funds held in the Trust Account, as described below.

 

Transaction costs related to the issuances described above amounted to $6,637,645, consisting of $1,955,000 of cash underwriting fees, $4,025,000 of deferred underwriting fees and $67,275 of costs related to Representative Shares and $590,370 of other offering costs. In addition, at December 31, 2023, $284,394 of cash was held outside of the Trust Account and is available for working capital purposes.

 

On September 23, 2022, the Company announced that the holders of the Units may elect to separately trade the Public Shares and the Public Warrants (as defined in Note 3) commencing on September 26, 2022. Those Public Shares not separated will continue to trade on The Nasdaq Global Market under the symbol “PTWOU,” and the Class A Common Stock and warrants that are separated will trade on The Nasdaq Global Market under the symbols “PTWO” and “PTWOW,” respectively.

 

F-7
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Placement Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a business combination. There is no assurance that the Company will be able to complete a business combination successfully. The Company must complete a business combination with one or more target businesses that together have an aggregate fair market value of at least 80% of the value of the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes payable on income earned on the Trust Account) at the time of the agreement to enter into an initial business combination. The Company will only complete a business combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”).

 

The Company will provide its holders of Public Shares (the “Public Stockholders”) with the opportunity to redeem all or a portion of their Public Shares upon the completion of a business combination either (i) in connection with a stockholder meeting called to approve the business combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval of a business combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Stockholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially $10.25 per Public Share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations). There will be no redemption rights upon the completion of a business combination with respect to the Company’s warrants. The Public Shares subject to redemption will be recorded at redemption value and classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480, Distinguishing Liabilities from Equity (“ASC 480”).

 

The Company will proceed with a business combination if the Company has net tangible assets of at least $5,000,001 upon consummation of such business combination and a majority of the shares voted are voted in favor of the business combination. If the Company seeks stockholder approval of a business combination and it does not conduct redemptions pursuant to the tender offer rules, the amended and restated certificate of incorporation (the “Amended and Restated Certificate of Incorporation”) provides that a Public Stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from seeking redemption rights with respect to 15% or more of the Public Shares without the Company’s prior written consent.

 

If a stockholder vote is not required and the Company does not decide to hold a stockholder vote for business or other legal reasons, the Company will offer such redemption pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information as would be included in a proxy statement with the SEC prior to completing a business combination.

 

The Sponsor has agreed (a) to vote its Class B common stock, the common stock included in the Placement Units and the Public Shares purchased in the Initial Public Offering in favor of a business combination, (b) not to propose an amendment to the Amended and Restated Certificate of Incorporation with respect to the Company’s pre-business combination activities prior to the consummation of a business combination unless the Company provides dissenting Public Stockholders with the opportunity to redeem their Public Shares in conjunction with any such amendment; (c) not to redeem any shares (including the Class B common stock) and Placement Units (including underlying securities) into the right to receive cash from the Trust Account in connection with a stockholder vote to approve a business combination (or to sell any shares in a tender offer in connection with a business combination if the Company does not seek stockholder approval in connection therewith) or a vote to amend the provisions of the Amended and Restated Certificate of Incorporation relating to stockholders’ rights of pre-business combination activity and (d) that the Class B common stock and Placement Units (including underlying securities) shall not participate in any liquidating distributions upon winding up if a business combination is not consummated. However, the Sponsor will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares purchased in the Initial Public Offering if the Company fails to complete its business combination.

 

F-8
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Pursuant to the Third Amended and Restated Certificate of Incorporation of the Company, the Company had until 9 months (or up to 18 months from the closing of the Initial Public Offering at the election of the Company pursuant to nine one month extensions subject to satisfaction of certain conditions, including the deposit of $379,500 ($0.033 per unit) for such one month extension, into the Trust Account, or as extended by the Company’s stockholders in accordance with the Amended and Restated Certificate of Incorporation) from the closing of the Initial Public Offering to consummate a business combination (the “Combination Period”). On February 5, 2024, the Company filed an amendment to the Third Amended and Restated Certificate of Incorporation of the Company (i) to extend the Combination Period from February 9, 2023 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder If the Company is unable to complete a business combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Company’s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law. The underwriters have agreed to waive their rights to the deferred underwriting commission held in the Trust Account in the event the Company does not complete a business combination within the Combination Period and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering price per Unit ($10.00).

 

The Sponsor has agreed that it will be liable to the Company, if and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amounts in the Trust Account to below $10.25 per share, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). In the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (except for the Company’s independent registered accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.

 

F-9
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Going Concern and Liquidity

 

As of December 31, 2023, the Company had $284,394 in cash held outside of the Trust Account, working capital deficit, net of income tax payable and franchise tax payable of $1,129,417 and accumulated deficit of $5,995,269. The Company has incurred and expects to continue to incur significant costs in pursuit of the Company’s financing and acquisition plans. For the year ended December 31, 2023, the Company had a loss from operations of $1,772,831 and net cash used in operating activities was $2,132,921. The Company’s liquidity needs to date have been further satisfied through a Convertible Promissory Note of $1,000,000 issued on May 26, 2023. The Company expects that it will need additional capital to satisfy its liquidity needs beyond the net proceeds from the consummation of the Initial Public Offering held outside of the Trust Account for paying existing accounts payable and consummating the Business Combination. Although certain of the Company’s initial stockholders, officers and directors or their affiliates have committed up to $1,500,000 Working Capital Loans (see Note 5) from time to time or at any time, there is no guarantee that the Company will receive such funds. In addition, the Company will have until November 9, 2024 to consummate a business combination. If a business combination is not consummated by November 9, 2024, less than one year after the date these consolidated financial statements are issued, there will be a mandatory liquidation and subsequent dissolution of the Company. Management has determined that the mandatory liquidation, along with the lack of liquidity, should a business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after November 9, 2024. The Company intends to complete the initial business combination before the mandatory liquidation date. However, there can be no assurance that the Company will be able to consummate any business combination by November 9, 2024.

 

Risks and Uncertainties

 

The military action commenced in February 2022 between the Russian Federation and Belarus in the country of Ukraine and related economic sanctions, as well as the military action between Hamas and Israel and the risk of escalations of other military conflicts have created and are expected to create global economic consequences. As a result, the Company’s ability to consummate a business combination, or the operations of a target business with which the Company ultimately consummates a business combination, may be materially and adversely affected. Further, the Company’s ability to consummate a transaction may be dependent on the ability to raise equity and debt financing which may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in third-party financing being unavailable on terms acceptable to the Company or at all. The impact of this action and related sanctions on the world economy and the specific impact on the Company’s financial position, results of operations and/or ability to consummate a business combination are not yet determinable. These consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 

On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR Act provides for, among other things, a new U.S. federal 1% excise tax on certain repurchases of stock by publicly traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023 (the “Excise Tax”). The Excise Tax is imposed on the repurchasing corporation itself, not its shareholders from which shares are repurchased. The amount of the Excise Tax is generally 1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the Excise Tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the Excise Tax. The U.S. Department of the Treasury (the “Treasury”) has been given authority to provide regulations and other guidance to carry out and prevent the abuse or avoidance of the Excise Tax.

 

Any redemption or other repurchase that occurs on or after January 1, 2023, in connection with a business combination, votes relating to certain amendments to the Company’s Amended and Restated Certificate of Incorporation or otherwise, may be subject to the Excise Tax. Whether and to what extent the Company would be subject to the Excise Tax in connection with a business combination, votes relating to certain amendments to the Company’s Amended and Restated Certificate of Incorporation or otherwise would depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection with the business combination, extension or otherwise, (ii) the structure of a business combination, (iii) the nature and amount of any “PIPE” or other equity issuances in connection with a business combination (or otherwise issued not in connection with a business combination but issued within the same taxable year of a business combination) and (iv) the content of regulations and other guidance from the Treasury. The mechanics of any required payment of the Excise Tax have not been determined. The foregoing could cause a reduction in the cash available on hand to complete a business combination and in the Company’s ability to effect an extension of the time in which the Company must complete a business combination or complete a business combination.

 

F-10
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Consideration of IR Act Excise Tax

 

On May 8, 2023, the Company’s stockholders redeemed 9,577,250 Class A shares for a total of $100,078,879. The Company evaluated the classification and accounting of the stock redemption under ASC 450, “Contingencies”. ASC 450 states that when a loss contingency exists the likelihood that the future events will confirm the loss or impairment of an asset or the incurrence of a liability can range from probable to remote. A contingent liability must be reviewed at each reporting period to determine appropriate treatment. The Company evaluated the current status and probability of completing a Business Combination as of December 31, 2023 and determined that a contingent liability should be calculated and recorded. As of December 31, 2023, the Company recorded $1,000,789 of excise tax liability calculated as 1% of shares redeemed.

 

Proposed Business Combination

 

On January 31, 2023, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Pono Two Merger Sub, Inc., a Delaware corporation incorporated in January 2023, and a wholly-owned subsidiary of the Company (“Merger Sub”), SBC Medical Group Holdings Incorporated, a Delaware corporation (“SBC”), Mehana Capital, LLC, in its capacity as Purchaser Representative, and Yoshiyuki Aikawa, in his capacity as Seller Representative.

 

Pursuant to the Merger Agreement, at the closing of the transactions contemplated by the Merger Agreement, Merger Sub will merge with and into SBC, with SBC continuing as the surviving corporation. The transactions contemplated by the Merger Agreement are referred to herein as the “Business Combination.”

 

As a condition to closing of the Business Combination, SBC will complete certain restructuring transactions pursuant to which SBC Medical Group Co., Ltd., a Japanese corporation (“SBC-Japan”) and certain related entities which carry on the business of SBC-Japan and such other related entities, will become subsidiaries of SBC.

 

As consideration for the Business Combination, the holders of SBC securities as of the closing of the Business Combination, collectively will be entitled to receive from the Company, in the aggregate, a number of the Company’s securities with an aggregate value equal to (a) $1,000,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination.

 

The Merger Consideration otherwise payable to SBC stockholders at the Closing is subject to a number of shares of Pono Class A common stock equal to three percent (3.0%) of the Merger Consideration being placed in escrow with an escrow agent to be agreed by the parties, for post-closing adjustments (if any) to the Merger Consideration.

 

The Merger Consideration is subject to adjustment after the Closing based on confirmed amounts of the Closing Net Indebtedness, Net Working Capital and transaction expenses as of the Closing Date. If the adjustment is a negative adjustment in favor of the Company, the escrow agent shall distribute to the Company a number of shares of the Company’s Class A common stock with a value equal to the absolute value of the adjustment amount. If the adjustment is a positive adjustment in favor of SBC, the Company will issue to the SBC stockholders an additional number of shares of the Company’s Class A common stock with a value equal to the adjustment amount.

 

F-11
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

On April 26, 2023, the Company entered into an amendment to the Merger Agreement (the “Amendment”) with the other parties thereto. Prior to the Amendment, the Merger Agreement provided that the 1,200,000 newly issued shares of Class A Common Stock (“Sponsor Shares”) will be issued to the Sponsor on the date that is the earlier of (a) the six (6) month anniversary of the Closing or (b) the expiration of the “Founder Shares Lock-up Period” (as defined in the Company’s Insider Letter with the initial stockholders). Pursuant to the Amendment, the Sponsor in its sole discretion may direct the Company to issue all or a portion of the Sponsor Shares on an earlier or later date as it may determine, which date will not be earlier than the Closing. In addition, pursuant to the Amendment, the date by which (i) SBC will complete its agreed upon disclosure schedules, (ii) the Company will complete its due diligence review of SBC, and (iii) the parties to the Merger Agreement will agree upon any modifications or amendments to the Merger Agreement to the terms and conditions therein, among other related matters, was extended from April 28, 2023 to May 31, 2023. SBC also agreed to purchase, or to cause one of its Affiliates to purchase, equity in the Sponsor in an amount equal to $1,000,000, by way of a separate agreement. In the event that the parties failed to agree upon and execute the investment documents by May 5, 2023, then, for a period of two business days thereafter, either party could have terminated the Merger Agreement by providing written notice to the other party. In the event that the investment documents were agreed upon and executed by all parties by May 5, 2023, but SBC did not make payment for the investment on or before May 15, 2023, then, for a period of two business days thereafter, the Company could have terminated the Merger Agreement by providing written notice to SBC. Neither party provided notice of termination of the Merger Agreement within two business days as a result of failing to agree upon the investment documents by May 5, 2023.

 

On May 5, 2023, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to May 8, 2023. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from May 9, 2023 to February 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder (the “Extension Amendment”). The Company’s stockholders elected to redeem an aggregate of 9,577,250 shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account is approximately $20.0 million.

 

In connection with the Special Meeting, the Company and the Sponsor entered into non-redemption agreements with certain unaffiliated stockholders owning, in the aggregate, 998,682 shares of the Company’s Class A common stock, pursuant to which such stockholders agreed, among other things, not to redeem or exercise any right to redeem such public shares in connection with the Extension Amendment. In connection with the non-redemption agreements, the Sponsor agreed to transfer to the stockholders that entered into such agreements Sponsor Shares upon the consummation of the Company’s initial business combination.

 

On May 8, 2023, the Sponsor converted 2,874,999 Founder Shares of Class B common stock into 2,874,999 shares of Class A common stock, pursuant to the Third Amended and Restated Certificate of Incorporation of the Company.

 

On February 3, 2024, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to February 3, 2024. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from February 9, 2024 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder (the “Extension Amendment”). The Company’s stockholders elected to redeem an aggregate of 273,334 shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account is approximately $17.9 million.

 

F-12
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

On February 27, 2024, the Company and SBC entered into an Amendment to the Note Purchase Agreement (the “Amended Note Purchase Agreement”), which increased the purchase price of the Note from $1,000,000 to $2,700,000. In connection with entering into the Amended Note Purchase Agreement, the Company and SBC amended the Note (the “Amended Note”) to increase the Principal Amount from $1,000,000 to $2,700,000. In consideration for entering into the Amended Note, each of the parties to the Merger Agreement agreed to release each other party from any claims arising out of any termination of the Merger Agreement or failure to consummate the transactions contemplated thereby.

 

Amended and Restated Merger Agreement

 

On June 21, 2023, the Company entered into an Amended and Restated Agreement and Plan of Merger (the “A&R Merger Agreement”) with the parties thereto. Prior to the A&R Merger Agreement, the Merger Agreement provided that by June 22, 2023: (i) SBC shall complete its agreed upon disclosure schedules, (ii) the Company shall complete its due diligence review of SBC, and (iii) the parties to the Original Agreement shall agree upon any modifications or amendments to the Original Agreement to the terms and conditions therein. The parties entered into the A&R Merger Agreement in connection with such requirements.

 

The A&R Merger Agreement revised the target companies to be directly or indirectly purchased by the Company following a restructuring of SBC’s corporate structure, to include only the Service Companies and Other Entities, and to no longer include the direct or indirect purchase of SBC’s Medical Corporations, and as a result, removed other references to the Medical Corporations, including the related representations and warranties, among others. Pursuant to the A&R Merger Agreement, the parties agreed that, following the date of the A&R Merger Agreement, SBC used its commercially reasonable efforts to complete its disclosure schedules and delivered them to the Company by August 31, 2023. Upon delivery of the disclosure schedules to the Company, the disclosure schedules were deemed to modify and supplement SBC’s representations and warranties set forth in the A&R Merger Agreement. The A&R Merger Agreement also extended the date by which the Closing shall occur from September 30, 2023 (subject to extension) to December 31, 2023. Pursuant to the A&R Merger Agreement, the parties also agreed that any future expenses incurred in connection with the extension of the time by which the Company must complete its initial business combination shall be borne entirely by the Company, which replaces and supersedes the prior requirement under the Original Agreement for the Company and SBC to share such expenses equally. See the Current Report on Form 8-K filed by the Company with the SEC on June 22, 2023 for additional details.

 

On September 8, 2023, Pono entered into the First Amendment to the A&R Merger Agreement (the “Amendment”) with the parties thereto. Prior to the Amendment, the A&R Merger Agreement provided for the holders of SBC securities collectively to be entitled to receive from Pono, in the aggregate, a number of Pono securities with an aggregate value equal to (the “Merger Consideration”) (a) $1,200,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination. Pursuant to the Amendment, the $1,200,000,000 amount in the Merger Consideration calculation above was reduced to $1,000,000,000.

 

On October 26, 2023, Pono entered into the Second Amendment to the Merger Agreement (the “Amendment”) with the parties thereto. Prior to the Amendment, the Pono board of directors as of the Closing was to be designated as follows: (i) three persons designated prior to the Closing by SBC, two of whom must qualify as independent directors; (ii) one person designated prior to the Closing by Pono; and (iii) one person mutually agreed upon and designated prior to the Closing by Pono and SBC, who must qualify as an independent director. Following the Amendment, the Pono board of directors as of the Closing will be designated as follows: (i) three persons designated prior to the Closing by SBC, at least one of whom must qualify as an independent director; (ii) one person designated prior to the Closing by Pono, who must qualify as an independent director; and (iii) one person mutually agreed upon and designated prior to the Closing by Pono and SBC, who must qualify as an independent director.

 

F-13
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

On December 28, 2023, Pono entered into the Third Amendment to the Merger Agreement (the “Amendment”) with the parties thereto. The Amendment was entered into solely to extend the Outside Date (as defined in the Merger Agreement) from December 31, 2023 to March 31, 2024.

 

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

 

The accompanying consolidated financial statements of the Company are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC.

 

Principles of Consolidation

 

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany balances and transactions have been eliminated in consolidation.

 

Emerging Growth Company

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

 

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

 

Use of Estimates

 

The preparation of the consolidated financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting period.

 

F-14
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ from those estimates.

 

Cash

 

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of December 31, 2023 and December 31, 2022.

 

Investments Held in Trust Account

 

As of December 31, 2023 and December 31, 2022, the assets held in the Trust Account were held in money market funds, which were invested in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as trading securities. Such trading securities are presented on the balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held in Trust Account are included in interest and dividend income on investments held in Trust Account in the accompanying statements of operations. The estimated fair values of investments held in the Trust Account are determined using available market information. The Company had $20,850,793 and $119,220,016 in investments held in the Trust Account as of December 31, 2023 and December 31, 2022, respectively.

 

Common Stock Subject to Possible Redemption

 

All of the Class A common stock sold as part of the Units in the Initial Public Offering contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s liquidation, if there is a stockholder vote or tender offer in connection with the business combination and in connection with certain amendments to the Company’s Amended and Restated Certificate of Incorporation. In accordance with ASC 480, conditionally redeemable Class A common stock (including shares of Class A common stock that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that currently, the Company will not redeem its Public Shares in an amount that would cause its net tangible assets (stockholders’ equity) to be less than $5,000,001. However, the threshold in its charter would not change the nature of the underlying shares as redeemable and thus Public Shares would be required to be disclosed outside of permanent equity. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable common stock to equal the redemption value at the end of each reporting period. Such changes are reflected in additional paid-in capital, or in the absence of additional paid-in capital, in accumulated deficit.

 

F-15
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

As of December 31, 2023, the Class A common stock reflected in the balance sheets is reconciled in the following table:

 

      
Gross proceeds  $115,000,000 
Less:     
Proceeds allocated to Public Warrants   (2,978,500)
Issuance costs allocated to Class A common stock   (6,432,257)
Plus:     
Accretion of Class A common stock subject to redemption to redemption amount   13,120,621 
Class A common stock subject to possible redemption as of December 31, 2022   118,709,864 
Plus:     
Accretion of Class A common stock subject to redemption to redemption amount   1,975,219 
Redemption of Class A common stock subject to redemption   (100,078,879)
Class A common stock subject to possible redemption as of December 31, 2023  $20,606,204 

 

Income Taxes

 

The Company complies with the accounting and reporting requirements of Accounting Standards Codification (“ASC”) Topic 740 - Income Taxes (“ASC 740”) which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the unaudited condensed consolidated financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the unaudited condensed consolidated financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined the United States is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no unrecognized tax benefits as of December 31, 2023 and December 31, 2022 and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

 

Net Income Per Share

 

Net income per share is computed by dividing net income by the weighted-average number of shares outstanding during the period. Therefore, the income per share calculation allocates income shared pro rata between Class A and Class B common stock. As a result, the calculated net income per share is the same for Class A and Class B common stock. The Company has not considered the effect of the Public Warrants (as defined in Note 3) and Placement Warrants (as defined in Note 4), to purchase an aggregate of 12,134,375 shares in the calculation of income per share, since the exercise of the warrants is contingent upon the occurrence of future events. The 100,000 Class A Shares (as defined in Note 5) that would be issuable upon conversion of the Convertible Promissory Note have been included in the calculation of diluted net income per ordinary share.

 

F-16
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

The following table reflects the calculation of basic and diluted net income per share:

 

    Class A    Class B    Class A    Class B 
   For the year ended
December 31, 2023		  

For the period from

March 11, 2022

(inception) through

December 31, 2022

 
    Class A    Class B    Class A    Class B 
Basic net income per share:                    
Numerator:                    
Net income  $301,052   $38,715   $381,031   $171,782 
Denominator:                    
Basic weighted average shares outstanding   7,840,002    1,008,220    5,951,288    2,683,051 
Basic net income per share  $0.04   $0.04   $0.06   $0.06 
                     
Diluted net income per share:                    
Numerator:                    
Net income  $301,313   $38,454   $381,031   $171,782 
Denominator:                    
Diluted weighted average shares outstanding   7,900,002    1,008,220    5,951,288    2,683,051 
Diluted net income per share  $0.04   $0.04   $0.06   $0.06 

 

Concentration of Credit Risk

 

Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

 

Fair Value of Financial Instruments

 

The Company applies ASC Topic 820, Fair Value Measurement (“ASC 820”), which establishes a framework for measuring fair value and clarifies the definition of fair value within that framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a liability in the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement date. The fair value hierarchy established in ASC 820 generally requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Observable inputs reflect the assumptions that market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the entity’s own assumptions based on market data and the entity’s judgments about the assumptions that market participants would use in pricing the asset or liability and are to be developed based on the best information available in the circumstances.

 

The carrying amounts reflected in the balance sheet for current assets and current liabilities approximate fair value due to their short-term nature. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

 

Level 1 — Assets and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement are observable inputs, such as quoted prices in active markets for identical assets or liabilities.

 

F-17
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Level 2 — Inputs to the fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals.

 

Level 3 — Inputs to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market data exists for the assets or liabilities.

 

See Note 9 for additional information on assets measured at fair value.

 

Derivative Financial Instruments

 

The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, Derivatives and Hedging (“ASC 815”). For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the statement of operations. For derivative instruments that are classified as equity, the derivative instruments are initially measured at fair value (or allocated value), and subsequent changes in fair value are not recognized as long as the contracts continue to be classified in equity.

 

Warrants

 

The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815. The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own common stock, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding.

 

For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statement of operations.

 

The warrants are not precluded from equity classification, and are accounted for as such on the date of issuance, and each balance sheet date thereafter.

 

Offering Costs

 

The Company complies with the requirements of ASC Topic 340, Other Assets and Deferred Costs and SEC Staff Accounting Bulletin (“SAB”) Topic 5A-Expenses of Offering. Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering date that are directly related to the Initial Public Offering. The Company recorded offering costs as a reduction of temporary equity in connection with the warrants and shares.

 

Recent Accounting Standards

 

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires public entities to disclose consistent categories and greater disaggregation of information in the rate reconciliation and for income taxes paid. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The accounting pronouncement is not expected to have a material impact on our consolidated financial statements and related disclosures.

 

F-18
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

NOTE 3. INITIAL PUBLIC OFFERING

 

The registration statement for the Company’s Initial Public Offering was declared effective on August 4, 2022. On August 9, 2022, the Company consummated the Initial Public Offering of 11,500,000 Units, including 1,500,000 Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $115,000,000. Each Unit consisted of one share of Class A common stock and one redeemable warrant (“Public Warrant”). Each Public Warrant entitles the holder to purchase one share of Class A common stock at an exercise price of $11.50 per whole share (see Note 7).

 

NOTE 4. PRIVATE PLACEMENT

 

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 634,375 Placement Units at a price of $10.00 per Placement Unit in a private placement to the Sponsor, including 63,000 Placement Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $6,343,750. Each Placement Unit consists of one share of Class A common stock (“Placement Share”) and one warrant (“Placement Warrant”). The proceeds from the sale of the Placement Units were added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a business combination within the Combination Period, the proceeds from the sale of the Placement Units held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Placement Units will expire worthless.

 

NOTE 5. RELATED PARTY TRANSACTIONS

 

Founder Shares

 

On May 17, 2022, the Sponsor was issued 2,875,000 shares (the “Founder Shares”) of Class B common stock for an aggregate price of $25,000. The Founder Shares included an aggregate of up to 375,000 shares of Class B common stock subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment option was not exercised in full or in part, so that the Sponsor would own, on an as-converted basis, 20% of the Company’s issued and outstanding shares after the Initial Public Offering. The underwriters exercised the over-allotment option in full, so those shares are no longer subject to forfeiture.

 

The Sponsor has agreed not to transfer, assign or sell any of the Class B common stock (except to certain permitted transferees as disclosed herein) until, with respect to any of the Class B common stock, the earlier of (i) six months after the date of the consummation of a business combination, or (ii) the date on which the closing price of the Company’s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after a business combination, with respect to the remaining any of the Class B common stock, upon six months after the date of the consummation of a business combination, or earlier, in each case, if, subsequent to a business combination, the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their common stock for cash, securities or other property. On May 8, 2023, the Sponsor converted 2,874,999 Founder Shares of Class B common stock into 2,874,999 shares of Class A common stock, which shares include these same transfer restrictions.

 

F-19
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Promissory Note - Related Party

 

On April 25, 2022, the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note (the “Promissory Note”). This loan is non-interest bearing and payable on the earlier of (i) March 31, 2023 or (ii) the date on which Company consummates the Initial Public Offering. Prior to the Initial Public Offering, the Company had borrowed $300,000 under the Promissory Note. The outstanding balance under the Promissory Note of $300,000 was repaid at the closing of the Initial Public Offering on August 9, 2022.

 

Administrative Support Agreement

 

The Company’s Sponsor has agreed, commencing from the date of the Initial Public Offering through the earlier of the Company’s consummation of a business combination and its liquidation, to make available to the Company certain general and administrative services, including office space, utilities and administrative services, as the Company may require from time to time. The Company has agreed to pay to Mehana Capital LLC, the Sponsor, $10,000 per month for these services to complete a business combination. For the year ended December 31, 2023, $120,000 was incurred and paid to Mehana Capital LLC for these services. For the period from March 11, 2022 (inception) through December 31, 2022, $50,000 was incurred and paid to Mehana Capital LLC for these services.

 

Convertible Promissory Note

 

On May 26, 2023, the Company entered into a Convertible Promissory Note with SBC, pursuant to which SBC agreed to loan the Company an aggregate principal of $1,000,000 (the “Convertible Promissory Note”). The Convertible Promissory Note is non-interest bearing and is due and payable upon the earlier to occur of (i) the first business day following the consummation of the Company’s initial Business Combination and (ii) May 17, 2024, unless accelerated upon the occurrence of an event of default. There is an outstanding balance of $1,000,000 for this SBC loan as of December 31, 2023. The Convertible Promissory Note will automatically convert into Class A Common Stock at one share for each $10 in outstanding principal amount. As of December 31, 2023 and December 31, 2022, the outstanding balance under the Convertible Promissory Note amounted to an aggregate of $1,000,000 and $0, respectively.

 

Related Party Loans

 

In order to finance transaction costs in connection with the initial business combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required. If the Company completes the initial business combination, the Company will repay such loaned amounts. In the event that the initial business combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay such loaned amounts, including the repayment of loans from the Sponsor to pay for any amount deposited to pay for any extension of the time to complete the initial business combination, but no proceeds from the Trust Account would be used for such repayment. Up to $1,500,000 of such loans may be convertible into Units, at a price of $10.00 per Unit at the option of the lender, upon consummation of the initial business combination. The Units would be identical to the Placement Units. The terms of such loans by the Company’s officers and directors, if any, have not been determined and no written agreements exist with respect to such loans. As of December 31, 2023 and December 31, 2022, the Company did not have any outstanding related party loans other than the Convertible Promissory Note referenced above.

 

Non-redemption Agreement

 

On May 5, 2023, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to May 8, 2023. On May 8, 2023, the Company held the Special Meeting. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from May 9, 2023 to February 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account, and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder. As approved by the stockholders of the Company, the Company filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on May 8, 2023. The Company’s stockholders elected to redeem an aggregate of 9,577,250 shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account was approximately $20 million.

 

F-20
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

In connection with the Special Meeting, the Company and the Sponsor entered into non-redemption agreements with certain unaffiliated stockholders owning, in the aggregate, 998,682 shares of the Company’s Class A common stock, pursuant to which such stockholders agreed, among other things, not to redeem or exercise any right to redeem such public shares in connection with the Extension Amendment.

 

The Company estimated the aggregate fair value of the 339,565 Sponsor Shares attributable to the Non-Redeeming Stockholders to be $709,691 or $2.09 per share. Each Non-Redeeming Stockholder acquired from the Sponsor an indirect economic interest in the Sponsor Shares. The excess of the fair value of the Sponsor Shares was determined to be an offering cost in accordance with Staff Accounting Bulletin Topic 5A. Accordingly, in substance, it was recognized by the Company as a capital contribution by the Sponsor to induce these holders of the Class A shares not to redeem, with a corresponding charge to additional paid-in capital to recognize the fair value of the shares transferred as an offering cost.

 

NOTE 6. COMMITMENTS AND CONTINGENCIES

 

Registration and Stockholder Rights Agreement

 

The holders of the Founder Shares and Placement Units (including securities contained therein) and Units (including securities contained therein) that may be issued upon conversion of working capital loans and extension loans, and any shares of Class A common stock issuable upon the exercise of the Placement Warrants and any shares of Class A common stock and warrants (and underlying Class A common stock) that may be issued upon conversion of the Units issued as part of the working capital loans and extension loans and Class A common stock issuable upon conversion of the Founder Shares, will be entitled to registration rights pursuant to a registration rights agreement signed on the effective date of the Initial Public Offering, requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to the Class A common stock). The holders of these securities are entitled to make up to two demands, excluding short form demands, that the Company registers such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of the initial business combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act.

 

Underwriting Agreement

 

Simultaneously with the Initial Public Offering, the underwriters fully exercised the over-allotment option to purchase an additional 1,500,000 Units at an offering price of $10.00 per Unit for an aggregate purchase price of $15,000,000.

 

The underwriters were paid a cash underwriting discount of $0.17 per Unit, or $1,955,000 in the aggregate, upon the closing of the Initial Public Offering. In addition, $0.35 per unit, or $4,025,000 in the aggregate will be payable to the underwriters for deferred underwriting commissions. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a business combination, subject to the terms of the underwriting agreement.

 

F-21
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Representative Shares

 

Upon closing of the Initial Public Offering, the Company issued 57,500 shares of Class A common stock to the underwriters. The underwriters have agreed not to transfer, assign or sell the Representative Shares until the completion of the initial business combination. In addition, the underwriters have agreed (i) to waive their redemption rights with respect to the Representative Shares in connection with the completion of the initial business combination and (ii) to waive their rights to liquidating distributions from the Trust Account with respect to the Representative Shares if the Company fails to complete its initial business combination within 18 months from the closing of the Initial Public Offering.

 

The Representative Shares are subject to a lock-up for a period of 180 days immediately following the commencement of sales of the registration statement pursuant to Rule 5110(e)(1) of FINRA’s NASD Conduct Rules. Pursuant to FINRA Rule 5110(e)(1), these securities may not be sold, transferred, assigned, pledged or hypothecated or the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the effective date of the registration statement, nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately following the commencement of sales of the Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners, registered persons or affiliates or as otherwise permitted under Rule 5110(e)(2).

 

The initial measurement of the fair value of the Representative Shares was determined using the market approach to value the subject interest. Based on the indication of fair value using the market approach, the Company determined the fair value of the Representative Shares to be $1.17 per share or $67,275 (for the 57,500 Representative Shares issued) as of the date of the Initial Public Offering (which is also the grant date).

 

Right of First Refusal

 

For a period beginning on the closing of the Initial Public Offering and ending 12 months from the closing of a business combination, the Company has granted EF Hutton a right of first refusal to act as lead-left book running manager and lead left manager for any and all future private or public equity, convertible and debt offerings during such period. In accordance with FINRA Rule 5110(g)(3)(A)(i), such right of first refusal shall not have a duration of more than three years from the effective date of the registration statement.

 

NOTE 7. STOCKHOLDERS’ DEFICIT

 

Preferred stock — The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. As of December 31, 2023 and December 31, 2022, there were no shares of preferred stock issued or outstanding.

 

Class A common stock — The Company is authorized to issue 100,000,000 shares of Class A common stock with a par value of $0.0001 per share. Holders of the Company’s Class A common stock are entitled to one vote for each share. As of December 31, 2023 and December 31, 2022, there were 5,489,624 and 12,191,875 shares of Class A common stock issued and outstanding, including 1,922,750 and 11,500,000 shares of Class A common stock subject to possible redemption and classified as temporary equity. As of December 31, 2023 and December 31, 2022, the remaining 3,566,874 and 691,875 shares are classified as permanent equity and are comprised of 2,874,999 shares that were converted from Class B common stock into Class A common stock, 634,375 shares included in the Placement Units and 57,500 Representative Shares.

 

F-22
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Class B common stock — The Company is authorized to issue 10,000,000 shares of Class B common stock with a par value of $0.0001 per share. Holders of Class B common stock are entitled to one vote for each share. As of December 31, 2023 and December 31, 2022, there were 1 and 2,875,000 shares of Class B common stock issued and outstanding, respectively. Of the 2,875,000 shares of Class B common stock outstanding as of December 31, 2022, up to 375,000 shares were subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full or in part, so that the initial stockholders would collectively own 20% of the Company’s issued and outstanding common stock after the Initial Public Offering. On August 9, 2022, the underwriters exercised the over-allotment option in full, so those shares are no longer subject to forfeiture.

 

The holders of record of the common stock are entitled to one vote for each share held on all matters to be voted on by stockholders. In connection with any vote held to approve the initial business combination, the insiders, officers and directors, have agreed to vote their respective shares of common stock acquired in the Initial Public Offering or following the Initial Public Offering in the open market, in favor of the proposed business combination.

 

Shares of Class B common stock shall be convertible into shares of Class A common stock on a one-for-one basis automatically on the closing of the business combination at a ratio for which the numerator shall be equal to the sum of 20% of all shares of Class A Common Stock issued and outstanding or issuable (upon the conversion or exercise of any Equity-linked Securities or otherwise) by the Company, related to or in connection with the consummation of the initial business combination (excluding any securities issued or issuable to any seller in the initial business combination, any Placement Warrants issued to the Sponsor or its affiliates upon conversion of loans to the Company) plus the number of shares of Class B Common Stock issued and outstanding prior to the closing of the initial business combination; and the denominator shall be the number of shares of Class B Common Stock issued and outstanding prior to the closing of the initial business combination.

 

On May 8, 2023, the Sponsor converted 2,874,999 Founder Shares of Class B common stock into 2,874,999 shares of Class A common stock.

 

Warrants — As of December 31, 2023 and December 31, 2022, there were 11,500,000 Public Warrants and 634,375 Placement Warrants outstanding. Each whole Public Warrant entitles the registered holder to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing on the later of 12 months from the closing of the Initial Public Offering and 30 days after the completion of the initial business combination. Pursuant to the warrant agreement, a warrant holder may exercise its Public Warrants only for a whole number of shares of Class A common stock. No fractional Public Warrants will be issued upon separation of the units and only whole Public Warrants will trade. The Public Warrants will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.

 

The Company has agreed that as soon as practicable, but in no event later than 20 business days after the closing of the initial business combination, the Company will use its best efforts to file with the SEC a registration statement covering the shares of Class A common stock issuable upon exercise of the Public Warrants, to cause such registration statement to become effective and to maintain a current prospectus relating to those shares of Class A common stock until the Public Warrants expire or are redeemed, as specified in the warrant agreement. If a registration statement covering the shares of Class A common stock issuable upon exercise of the Public Warrants is not effective by the 60th business day after the closing of the initial business combination, Public Warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act; provided that such exemption is available. If that exemption, or another exemption, is not available, holders will not be able to exercise their Public Warrants on a cashless basis.

 

Once the Public Warrants become exercisable, the Company may call the Public Warrants for redemption:

 

  ● in whole and not in part;
     
  ● at a price of $0.01 per Public Warrant;

 

F-23
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

  ● upon not less than 30 days’ prior written notice of redemption given after the Public Warrants become exercisable (the “30-day redemption period”) to each Public Warrant holder; and
     
  ● if, and only if, the reported last sale price of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing once the Public Warrants become exercisable and ending three business days before the Company sends the notice of redemption to the Public Warrant holders.

 

If and when the Public Warrants become redeemable by the Company, the Company may not exercise the redemption right if the issuance of shares of common stock upon exercise of the Public Warrants is not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration or qualification.

 

In addition, if (x) the Company issues additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial business combination at a Newly Issued Price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial business combination on the date of the consummation of the initial business combination (net of redemptions), and (z) the market value is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price.

 

The Placement Warrants are identical to the Public Warrants except that, so long as they are held by the Sponsor or its permitted transferees, (i) they (including the Class A common stock issuable upon exercise of these Placement Warrants) may not, subject to certain limited exceptions, be transferred, assigned or sold by the Sponsor until 30 days after the completion of the initial business combination, and (ii) the holders thereof (including with respect to shares of Class A common stock issuable upon exercise of such Placement Warrants) are entitled to registration rights.

 

The Company accounts for the 12,134,375 warrants issued in connection with the Initial Public Offering (including 11,500,000 Public Warrants and 634,375 Placement Warrants) in accordance with the guidance contained in ASC 815-40. Such guidance provides that the warrants described above are not precluded from equity classification. Equity-classified contracts are initially measured at fair value (or allocated value). Subsequent changes in fair value are not recognized as long as the contracts continue to be classified in equity.

 

F-24
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

NOTE 8. INCOME TAXES

 

The Company’s net deferred tax assets (liabilities) as of December 31, 2023 and 2022 are as follows:

 

   December 31, 2023   December 31, 2022 
Deferred tax assets          
Start-up costs  $318,746   $80,230 
Net operating loss carryforwards   15,119    — 
Total deferred tax assets   333,864    80,230 
Valuation allowance   (333,864)   (80,230)
Deferred tax assets, net of allowance  $—   $— 

 

The income tax provision for the year ended December 31, 2023 and 2022 consists of the following:

 

   December 31, 2023   December 31, 2022 
Federal        
Current  $528,809   $248,508 
Deferred   (176,665)   (80,230)
           
State          
Current   —    — 
Deferred   (76,969)   — 
Change in valuation allowance   253,634    80,230 
Income tax provision  $528,809   $248,508 

 

In assessing the realization of the deferred tax assets, management considers whether it is more likely than not that some portion of all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. After consideration of all of the information available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets and has therefore established a full valuation allowance. For the period ended December 31, 2023 and 2022 the change in the valuation allowance was $253,634 and $80,230, respectively.

 

As of December 31, 2023 and 2022, the Company has $299,023 and $0, respectively, of state net operating loss carryovers, which do not expire, to offset future taxable income.

 

A reconciliation of the federal income tax rate to the Company’s effective tax rate are as follows:

 

   December 31, 2023   December 31, 2022 
Statutory federal income tax rate   21.0%   21.0%
State taxes, net of federal tax benefit   (6.5)%   0.0%
Previous tax year adjustment   1.5%   —%
Non-deductible transaction costs   15.7%   —%
Other permanent items, net   —%   —%
Change in valuation allowance   29.2%   10.0%
Income tax provision   60.9%   31.0%

 

The Company files income tax returns in the U.S. federal and the state of Hawaii jurisdictions and is subject to examination by the taxing authorities.

 

F-25
 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

NOTE 9. FAIR VALUE MEASUREMENTS

 

The following table presents information about the Company’s financial assets that are measured at fair value on a recurring basis as of December 31, 2023 and December 31, 2022, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description 

Amount at
Fair Value

   Level 1   Level 2   Level 3 
December 31, 2023                
Assets                
Investments held in Trust Account:   —    —    —    — 
U.S. Treasury Securities  $20,850,793   $20,850,793   $—   $— 

 

Description 

Amount at Fair Value

   Level 1   Level 2   Level 3 
December 31, 2022                
Assets                
Investments held in Trust Account:   —    —    —    — 
U.S. Treasury Securities  $119,220,016   $119,220,016   $—   $— 

 

NOTE 10. SUBSEQUENT EVENTS

 

The Company has evaluated subsequent events and transactions that occurred after the consolidated balance sheet date up to the date that the consolidated financial statements were issued. Based upon this review, other than those subsequent events described below, the Company did not identify any other subsequent events that would have required adjustment or disclosure in the consolidated financial statements.

 

On January 11, 2024, Pono Capital Two, Inc., a Delaware corporation (the “Company” or “Pono”), filed an amended preliminary proxy statement with the U.S. Securities and Exchange Commission (“SEC”) in connection with the special meeting of stockholders. As more fully described in the proxy statement, the special meeting will be held for the purpose of considering and voting on a proposal to amend (the “Extension Amendment”) the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter”), to extend the date by which the Company has to consummate a business combination from February 9, 2024 to November 9, 2024.

 

In connection with the Extension Amendment, public stockholders may elect to redeem their shares for a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account established in connection with the Company’s initial public offering (the “Trust Account”), including interest not previously released to the Company to pay franchise and income taxes, divided by the number of then outstanding public shares. If the Extension Amendment is approved by the requisite vote of stockholders, the remaining holders of public shares will retain their right to redeem their public shares when the business combination is submitted to the stockholders, subject to any limitations set forth in the Charter, as amended by the Extension Amendment.

 

On January 11, 2024, the Company entered into a non-redemption agreement with an unaffiliated investor (the “Holder”) which agreed to acquire from public stockholders of the Company 1,500,000 to 1,700,000 shares of Class A common stock, par value $0.0001 per share, of the Company (“Common Stock”) in the open market, at a prices no higher than the redemption price per share payable to stockholders who exercise redemption rights in connection with the stockholder vote to approve the Company’s proposed business combination (“Business Combination”) with SBC Medical Group Holdings Incorporated, a Delaware corporation (the “Target”), prior to the stockholder meeting to vote on the Extension Amendment (the “Meeting Date”) and to agree to waive its redemption rights and hold the shares until after the closing of the Business Combination. In consideration of the Holder’s agreement to waive its redemption rights with respect to the shares, and subject to (i) the Holder acquiring 1,500,000 to 1,700,000 shares of Common Stock in the open market, and (ii) Holder’s satisfaction of its other obligations under the non-redemption agreement, the Company, on the closing date of the Business Combination, provided that Holder has continued to hold the Holder’s shares through the closing date, Target and Yoshiyuki Aikawa, the chief executive officer of the Target, shall cause to be issued or transferred to Holder a number of shares of Common Stock held by Dr. Aikawa (the “Incentive Shares”), which will equal one (1) Incentive Share for each public share purchased in the open market pursuant to the non-redemption agreement that is continuously owned by Holder until the closing date of the Business Combination. This non-redemption agreement terminates on the earliest to occur of (i) the closing date of the Business Combination, (ii) the termination of the related Business Combination Agreement, or (iii) April 30, 2024 (the “Clearance Date”) if the Company has not cleared all SEC comments to its proxy statement in connection with the Business Combination by that date. On March 15, 2024, the parties to the non-redemption agreement entered into an amendment to the non-redemption agreement to extend the Clearance Date to June 30, 2024, and to agree to close the business combination on or before August 31, 2024.

 

On February 3, 2024, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to February 3, 2024. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from February 9, 2024 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder (the “Extension Amendment”). The Company’s stockholders elected to redeem an aggregate of 273,334 shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account is approximately $17.9 million.

 

On February 27, 2024, the Company and SBC entered into an Amendment to the Note Purchase Agreement (the “Amended Note Purchase Agreement”), which increased the purchase price of the Note from $1,000,000 to $2,700,000. In connection with entering into the Amended Note Purchase Agreement, the Company and SBC amended the Note (the “Amended Note”) to increase the Principal Amount from $1,000,000 to $2,700,000. In consideration for entering into the Amended Note, each of the parties to the Merger Agreement agreed to release each other party from any claims arising out of any termination of the Merger Agreement or failure to consummate the transactions contemplated thereby.

 

F-26

 

 EX-4.5 2 ex4-5.htm

 

Exhibit 4.5

 

DESCRIPTION OF THE REGISTRANT’S SECURITIES

REGISTERED PURSUANT TO SECTION1 12 OF THE

SECURITIES EXCHANGE ACT OF 1934

 

The following summary of the registered securities of Pono Capital Two, Inc. does not purport to be complete and is qualified in its entirety by reference to our certificate of incorporation, as amended and bylaws, each of which are incorporated by reference as an exhibit to the Annual Report on Form 10-K of which this Exhibit is a part, and certain provisions of Delaware law. Unless the context requires otherwise, all references to the “Company,” “we,” “our,” and “us” in this Exhibit refer to Pono Capital Two, Inc.

 

We are a Delaware corporation, and our affairs are governed by our amended and restated certificate of incorporation and the DGCL. Pursuant to our amended and restated certificate of incorporation we are authorized to issue 100,000,000 shares of our Class A common stock, $0.0001 par value, 10,000,000 shares of our Class B common stock, $0.0001 par value, and 1,000,000 shares of undesignated preferred stock, $0.0001 par value.

 

Units

 

Each unit consists of one share of Class A common stock and one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment. No fractional warrants will be issued upon separation of the units and only whole warrants will trade.

 

Placement Units

 

The placement units are identical to the units sold in our initial public offering (the “IPO”) except that there will be no redemption rights with respect to the placement units, which will expire worthless if we do not consummate a business combination within 27 months from the closing of the IPO at the election of the Company for such one month extension, into the trust account, or as extended by the Company’s stockholders in accordance with our amended and restated certificate of incorporation).

 

Common Stock

 

Stockholders of record are entitled to one vote for each share held (on an as-converted to Class A common stock basis) on all matters to be voted on by stockholders. Prior to our initial business combination, only holders of our founder shares will have the right to vote on the appointment of directors. In addition, prior to the completion of an initial business combination, holders of a majority of our founder shares may remove a member of the board of directors for any reason. These provisions of our amended and restated certificate of incorporation may be amended only by approval of 90% of the shares of common stock voting in an annual meeting. With respect to any other matter submitted to a vote of our stockholders, including any vote in connection with our initial business combination, except as required by law, holders of our founder shares and holders of our public shares will vote together as a single class, with each share entitling the holder to one vote for each share held (on an as-converted to Class A common stock basis).

 

Unless specified in our amended and restated certificate of incorporation, or as required by applicable provisions of the DGCL or applicable stock exchange rules, the affirmative vote of a majority of our shares of common stock that are voted is required to approve any such matter voted on by our stockholders. Our board of directors is divided into three classes, each of which will generally serve for a term of three years with only one class of directors being elected in each year. There is no cumulative voting with respect to the election of directors, with the result that the holders of more than 50% of the shares voted for the election of directors can elect all of the directors. Our stockholders are entitled to receive ratable dividends when, as and if declared by the board of directors out of funds legally available therefor.

 

 
 

 

Because our amended and restated certificate of incorporation authorizes the issuance of up to 100,000,000 shares of our Class A common stock, if we were to enter into a business combination, we may (depending on the terms of such a business combination) be required to increase the number of shares of our Class A common stock which we will be authorized to issue at the same time as our stockholders vote on the initial business combination to the extent we seek stockholder approval in connection with our initial business combination.

 

Our board of directors is divided into three classes with only one class of directors being elected in each year and each class (except for those directors appointed prior to our first annual meeting of stockholders) serving a three-year term. In accordance with the Nasdaq corporate governance requirements, we are not required to hold an annual meeting until one year after our first fiscal year end following our listing on Nasdaq. Under Section 211(b) of the DGCL, we are, however, required to hold annual meetings of stockholders for the purpose of electing directors in accordance with our bylaws, unless such election is made by written consent in lieu of such a meeting. We may not hold an annual meeting of stockholders to elect new directors prior to the completion of our initial business combination, and thus we may not be in compliance with Section 211(b) of the DGCL, which requires an annual meeting. Therefore, if our stockholders want us to hold an annual meeting prior to the completion of an initial business combination, they may attempt to force us to hold one by submitting an application to the Delaware Court of Chancery in accordance with Section 211(c) of the DGCL. Prior to the completion of an initial business combination, any vacancy on the board of directors may be filled by a nominee chosen by holders of a majority of our founder shares. In addition, prior to the completion of an initial business combination, holders of a majority of our founder shares may remove a member of the board of directors for any reason.

 

We will provide our public stockholders with the opportunity to redeem all or a portion of their public shares upon the completion of our initial business combination at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account calculated as of two business days prior to the completion of our initial business combination, including interest earned on the funds held in the trust account (net of taxes payable and less up to $100,000 of interest to pay dissolution expenses), divided by the number of the then outstanding public shares, subject to the limitations described herein. The amount in the trust account was initially $10.25 per public share. The per-share amount we will distribute to investors who properly redeem their shares will not be reduced by the deferred underwriting commissions we will pay to the underwriters.

 

The redemption rights will include the requirement that a beneficial owner must identify itself in order to validly redeem its shares. Our sponsor, directors and each member of our management team have entered into a letter agreement with us, pursuant to which they have agreed to waive their redemption rights with respect to their founder shares and any public shares held by them in connection with (i) the completion of our initial business combination and (ii) a stockholder vote to approve an amendment to our amended and restated certificate of incorporation that would affect the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we have not completed an initial business combination within the period to consummate the initial business combination. Unlike many blank check companies that hold stockholder votes and conduct proxy solicitations in conjunction with their initial business combinations and provide for related redemptions of public shares for cash upon completion of such initial business combinations even when a vote is not required by law, if a stockholder vote is not required by applicable law or stock exchange rule and we do not decide to hold a stockholder vote for business or other reasons, we will, pursuant to our amended and restated certificate of incorporation, conduct the redemptions pursuant to the tender offer rules of the SEC and file tender offer documents with the SEC prior to completing our initial business combination.

 

Our amended and restated certificate of incorporation requires these tender offer documents to contain substantially the same financial and other information about the initial business combination and the redemption rights as is required under the SEC’s proxy rules. If, however, a stockholder approval of the transaction is required by applicable law or stock exchange rule, or we decide to obtain stockholder approval for business or other reasons, we will, like many blank check companies, offer to redeem shares in conjunction with a proxy solicitation pursuant to the proxy rules and not pursuant to the tender offer rules. If we seek stockholder approval, we will complete our initial business combination only if a majority of the shares of common stock voted are voted in favor of our initial business combination. However, the participation of our sponsor, officers, directors, advisors or their respective affiliates in privately-negotiated transactions, if any, could result in the approval of our initial business combination even if a majority of our public stockholders’ vote, or indicate their intention to vote, against such initial business combination. For purposes of seeking approval of the majority of our outstanding common stock, non-votes will have no effect on the approval of our initial business combination once a quorum is obtained.

 

 
 

 

If we seek stockholder approval of our initial business combination and we do not conduct redemptions in connection with our initial business combination pursuant to the tender offer rules, our amended and restated certificate of incorporation provides that a public stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Exchange Act), will be restricted from redeeming its shares with respect to Excess Shares. However, we would not be restricting our stockholders’ ability to vote all of their shares (including Excess Shares) for or against our initial business combination. Our stockholders’ inability to redeem the Excess Shares will reduce their influence over our ability to complete our initial business combination, and such stockholders could suffer a material loss in their investment if they sell such Excess Shares on the open market. Additionally, such stockholders will not receive redemption distributions with respect to the Excess Shares if we complete our initial business combination. And, as a result, such stockholders will continue to hold that number of shares exceeding 15% and, in order to dispose of such shares would be required to sell their shares in open market transactions, potentially at a loss.

 

If we seek stockholder approval in connection with our initial business combination, pursuant to the terms of a letter agreement entered into with us, our sponsor, directors and each member of our management team have agreed to vote their founder shares and any public shares purchased during or after the IPO, in favor of our initial business combination. Additionally, each public stockholder may elect to redeem its public shares irrespective of whether they vote for or against the proposed transaction.

 

Pursuant to our amended and restated certificate of incorporation, if we have not completed an initial business combination within the period to consummate the initial business combination, we will (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but no more than ten business days thereafter subject to lawfully available funds therefor, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (net of taxes payable and less up to $100,000 of interest to pay dissolution expenses), divided by the number of the then outstanding public shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law; and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining stockholders and our board of directors, liquidate and dissolve, subject in each case to our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law. Our sponsor and members of our management team have entered into letter agreements with us, pursuant to which they have agreed to waive their rights to liquidating distributions from the trust account with respect to their founder shares if we do not complete an initial business combination within the period to consummate the initial business combination. However, if our sponsor or members of our management team acquire public shares in or after the IPO, they will be entitled to liquidating distributions from the trust account with respect to such public shares if we do not complete our initial business combination within the prescribed time period.

 

In the event of a liquidation, dissolution or winding up of the company after a business combination, our stockholders are entitled to share ratably in all assets remaining available for distribution to them after payment of liabilities and after provision is made for each class of shares, if any, having preference over the common stock. Our stockholders have no preemptive or other subscription rights. There are no sinking fund provisions applicable to the common stock, except that we will provide our public stockholders with the opportunity to redeem their public shares for cash at a per unit price equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (net of taxes payable and less up to $100,000 of interest to pay dissolution expenses), divided by the number of the then outstanding public shares, upon the completion of our initial business combination, subject to the limitations described herein.

 

 
 

 

Founder Shares and Placement Shares

 

The founder shares and placement shares are identical to the shares of Class A common stock included in the units sold in the IPO, and holders of founder shares and placement shares have the same stockholder rights as public stockholders, except that (i) the founder shares and placement shares are subject to certain transfer restrictions, as described in more detail below, (ii) our sponsor, officers and directors have entered into a letter agreement with us, pursuant to which they have agreed (A) to waive their redemption rights with respect to any founder shares, placement shares and any public shares held by them in connection with the completion of our initial business combination, (B) to waive their redemption rights with respect to their founder shares, placement shares, and public shares in connection with a stockholder vote to approve an amendment to our amended and restated certificate of incorporation to (i) modify the substance or timing of our obligation to provide for the redemption of our public shares in connection with an initial business combination or to redeem 100% of our public shares if we do not complete our initial business combination within 27 months from the closing of the IPO or (ii) with respect to any other material provisions relating to stockholders’ rights or pre-initial business combination activity, and (C) to waive their rights to liquidating distributions from the trust account with respect to any founder shares or placement shares held by them if we fail to complete our initial business combination within 27 months if we have elected to extend the time to complete our initial business combination, from the closing of the IPO, although they will be entitled to liquidating distributions from the trust account with respect to any public shares they hold if we fail to complete our initial business combination within such time period, (iii) the founder shares are shares of our founder shares that will automatically convert into shares of our Class A common stock at the time of our initial business combination on a one-for-one basis, subject to adjustment pursuant to certain anti-dilution rights as described herein and (iv) are entitled to registration rights. If we submit our initial business combination to our public stockholders for a vote, our sponsor, officers and directors have agreed (and its permitted transferees will agree) pursuant to the letter agreement to vote any founder shares held by them and any public shares purchased during or after the IPO (including in open market and privately-negotiated transactions) in favor of our initial business combination.

 

Prior to our initial business combination, only holders of our founder shares will have the right to vote on the appointment of directors. Holders of our public shares will not be entitled to vote on the appointment of directors during such time. In addition, prior to the completion of an initial business combination, holders of a majority of our founder shares may remove a member of the board of directors for any reason. These provisions of our amended and restated certificate of incorporation may only be amended by approval of a majority of at least 90% of our founder shares voting in an annual meeting. With respect to any other matter submitted to a vote of our stockholders, including any vote in connection with our initial business combination, except as required by law, holders of our founder shares and holders of our public shares will vote together as a single class, with each share entitling the holder to one vote.

 

Preferred Stock

 

Our amended and restated certificate of incorporation authorizes 1,000,000 shares of preferred stock and provide that shares of preferred stock may be issued from time to time in one or more series. Our board of directors are authorized to fix the voting rights, if any, designations, powers, preferences, the relative, participating, optional or other special rights and any qualifications, limitations and restrictions thereof, applicable to the shares of each series. Our board of directors are able to, without stockholder approval, issue shares of preferred stock with voting and other rights that could adversely affect the voting power and other rights of the holders of the common stock and could have anti-takeover effects. The ability of our board of directors to issue shares of preferred stock without stockholder approval could have the effect of delaying, deferring or preventing a change of control of us or the removal of existing management. We have no shares of preferred stock issued and outstanding at the date hereof. Although we do not currently intend to issue any shares of preferred stock, we cannot assure you that we will not do so in the future. No shares of preferred stock were issued or registered in the IPO.

 

Public Stockholders’ Warrants

 

Each whole warrant entitles the registered holder to purchase one share of our Class A common stock at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing on the later of 12 months from the closing of the IPO and 30 days after the completion of our initial business combination. Pursuant to the warrant agreement, a warrant holder may exercise its warrants only for a whole number of Class A common stock. This means only a whole warrant may be exercised at a given time by a warrant holder. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Accordingly, unless you purchase at least two units, you will not be able to receive or trade a whole warrant.

 

The warrants will expire five years after the completion of our initial business combination, at 5:00 p.m., New York City time, or earlier upon redemption or liquidation.

 

 
 

 

We will not be obligated to deliver any shares of Class A common stock pursuant to the exercise of a warrant and will have no obligation to settle such warrant exercise unless a registration statement under the Securities Act with respect to the shares of Class A common stock and warrants underlying the warrants is then effective and a current prospectus relating thereto is current, subject to our satisfying our obligations described below with respect to registration. No warrant will be exercisable, and we will not be obligated to issue shares of Class A common stock upon exercise of a warrant unless Class A common stock issuable upon such warrant exercise has been registered, qualified or deemed to be exempt under the securities laws of the state of residence of the registered holder of the warrants. In the event that the conditions in the two immediately preceding sentences are not satisfied with respect to a warrant, the holder of such warrant will not be entitled to exercise such warrant and such warrant may have no value and expire worthless. In no event will we be required to net cash settle any warrant. In the event that a registration statement is not effective for the exercised warrants, the purchaser of a unit containing such warrant, if not cash settled, will have paid the full purchase price for the unit solely for the share of Class A common stock and warrants underlying such unit.

 

We have agreed that as soon as practicable, but in no event later than 20 business days after the closing of our initial business combination, we will use our best efforts to file with the SEC a registration statement registering the issuance of the shares of Class A common stock issuable upon exercise of the warrants, to cause such registration statement to become effective and to maintain a current prospectus relating to those shares of Class A common stock until the warrants expire or are redeemed, as specified in the warrant agreement. If a registration statement covering the shares of Class A common stock issuable upon exercise of the warrants is not effective by the 60th business day after the closing of our initial business combination or within a specified period following the consummation of our initial business combination, warrant holders may, until such time as there is an effective registration statement and during any period when we shall have failed to maintain an effective registration statement, exercise warrants on a “cashless basis” pursuant to the exemption provided by Section 3(a)(9) of the Securities Act; provided that such exemption is available. If that exemption, or another exemption, is not available, holders will not be able to exercise their warrants on a cashless basis. Once the warrants become exercisable, we may call the warrants for redemption:

 

  ● in whole and not in part;
     
  ● at a price of $0.01 per warrant;
     
  ● upon not less than 30 days’ prior written notice of redemption given after the warrants become exercisable (the “30-day redemption period”) to each warrant holder; and
     
  ● if, and only if, the reported last sale price of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing once the warrants become exercisable and ending three business days before we send the notice of redemption to the warrant holders.

 

If and when the warrants become redeemable by us, we may not exercise our redemption right if the issuance of shares of common stock upon exercise of the warrants is not exempt from registration or qualification under applicable state blue sky laws or we are unable to effect such registration or qualification. We will use our best efforts to register or qualify such shares of common stock under the blue-sky laws of the state of residence in those states in which the warrants were offered by us in the IPO. We have established the last of the redemption criterion discussed above to prevent a redemption call unless there is at the time of the call a significant premium to the warrant exercise price. If the foregoing conditions are satisfied and we issue a notice of redemption of the warrants, each warrant holder will be entitled to exercise its warrant prior to the scheduled redemption date. However, the price of the Class A common stock may fall below the $18.00 redemption trigger price (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) as well as the $11.50 warrant exercise price after the redemption notice is issued.

 

If we call the warrants for redemption as described above, our management will have the option to require any holder that wishes to exercise its warrant to do so on a “cashless basis.” In determining whether to require all holders to exercise their warrants on a “cashless basis,” our management will consider, among other factors, our cash position, the number of warrants that are outstanding and the dilutive effect on our stockholders of issuing the maximum number of shares of Class A common stock issuable upon the exercise of our warrants. If our management takes advantage of this option, all holders of warrants would pay the exercise price by surrendering their warrants for that number of shares of Class A common stock equal to the quotient obtained by dividing (x) the product of the number of shares of Class A common stock underlying the warrants, multiplied by the difference between the exercise price of the warrants and the “fair market value” (defined below) by (y) the fair market value.

 

 
 

 

The “fair market value” for this purpose shall mean the average reported last sale price of the Class A common stock for the 10 trading days ending on the third trading day prior to the date on which the notice of redemption is sent to the holders of warrants. If our management takes advantage of this option, the notice of redemption will contain the information necessary to calculate the number of shares of Class A common stock to be received upon exercise of the warrants, including the “fair market value” in such case. Requiring a cashless exercise in this manner will reduce the number of shares to be issued and thereby lessen the dilutive effect of a warrant redemption. We believe this feature is an attractive option to us if we do not need the cash from the exercise of the warrants after our initial business combination. If we call our warrants for redemption and our management does not take advantage of this option, our sponsor and its permitted transferees would still be entitled to exercise their placement warrants for cash or on a cashless basis using the same formula described above that other warrant holders would have been required to use had all warrant holders been required to exercise their warrants on a cashless basis, as described in more detail below.

 

A holder of a warrant may notify us in writing in the event it elects to be subject to a requirement that such holder will not have the right to exercise such warrant, to the extent that after giving effect to such exercise, such person (together with such person’s affiliates), to the warrant agent’s actual knowledge, would beneficially own in excess of 4.9% or 9.8% (or such other amount as a holder may specify) of the shares of Class A common stock outstanding immediately after giving effect to such exercise.

 

If the number of outstanding shares of Class A common stock is increased by a stock dividend payable in shares of Class A common stock, or by a split-up of shares of Class A common stock or other similar event, then, on the effective date of such stock dividend, split-up or similar event, the number of shares of Class A common stock issuable on exercise of each whole warrant will be increased in proportion to such increase in the outstanding shares of Class A common stock. A rights offering to holders of Class A common stock entitling holders to purchase shares of Class A common stock at a price less than the fair market value will be deemed a stock dividend of a number of shares of Class A common stock equal to the product of (i) the number of shares of Class A common stock actually sold in such rights offering (or issuable under any other equity securities sold in such rights offering that are convertible into or exercisable for Class A common stock) and (ii) one (1) minus the quotient of (x) the price per share of Class A common stock paid in such rights offering divided by (y) the fair market value. For these purposes (i) if the rights offering is for securities convertible into or exercisable for Class A common stock, in determining the price payable for Class A common stock, there will be taken into account any consideration received for such rights, as well as any additional amount payable upon exercise or conversion and (ii) fair market value means the volume weighted average price of Class A common stock as reported during the ten (10) trading day period ending on the trading day prior to the first date on which the shares of Class A common stock trade on the applicable exchange or in the applicable market, regular way, without the right to receive such rights.

 

In addition, if we, at any time while the warrants are outstanding and unexpired, pay a dividend or make a distribution in cash, securities or other assets to the holders of Class A common stock on account of such shares of Class A common stock (or other shares of our capital stock into which the warrants are convertible), other than (a) as described above, (b) certain ordinary cash dividends, (c) to satisfy the redemption rights of the holders of Class A common stock in connection with a proposed initial business combination, (d) to satisfy the redemption rights of the holders of Class A common stock in connection with a stockholder vote to amend our amended and restated certificate of incorporation (i) to modify the substance or timing of our obligation to allow redemption in connection with our initial business combination or certain amendments to our charter prior thereto or to redeem 100% of our Class A common stock if we do not complete our initial business combination within 27 months from the closing of the IPO or (ii) with respect to any other provision relating to stockholders’ rights or pre-initial business combination activity, or (e) in connection with the redemption of our public shares upon our failure to complete our initial business combination, then the warrant exercise price will be decreased, effective immediately after the effective date of such event, by the amount of cash and/or the fair market value of any securities or other assets paid on each share of Class A common stock in respect of such event.

 

 
 

 

If the number of outstanding shares of our Class A common stock is decreased by a consolidation, combination, reverse stock split or reclassification of shares of Class A common stock or other similar event, then, on the effective date of such consolidation, combination, reverse stock split, reclassification or similar event, the number of shares of Class A common stock issuable on exercise of each warrant will be decreased in proportion to such decrease in outstanding shares of Class A common stock.

 

Whenever the number of shares of Class A common stock purchasable upon the exercise of the warrants is adjusted, as described above, the warrant exercise price will be adjusted by multiplying the warrant exercise price immediately prior to such adjustment by a fraction (x) the numerator of which will be the number of shares of Class A common stock purchasable upon the exercise of the warrants immediately prior to such adjustment, and (y) the denominator of which will be the number of shares of Class A common stock so purchasable immediately thereafter.

 

In case of any reclassification or reorganization of the outstanding shares of Class A common stock (other than those described above or that solely affects the par value of such shares of Class A common stock), or in the case of any merger or consolidation of us with or into another corporation (other than a consolidation or merger in which we are the continuing corporation and that does not result in any reclassification or reorganization of our outstanding shares of Class A common stock), or in the case of any sale or conveyance to another corporation or entity of the assets or other property of us as an entirety or substantially as an entirety in connection with which we are dissolved, the holders of the warrants will thereafter have the right to purchase and receive, upon the basis and upon the terms and conditions specified in the warrants and in lieu of the shares of our Class A common stock immediately theretofore purchasable and receivable upon the exercise of the rights represented thereby, the kind and amount of shares of stock or other securities or property (including cash) receivable upon such reclassification, reorganization, merger or consolidation, or upon a dissolution following any such sale or transfer, that the holder of the warrants would have received if such holder had exercised their warrants immediately prior to such event.

 

However, if less than 70% of the consideration receivable by the holders of Class A common stock in such a transaction is payable in the form of Class A common stock in the successor entity that is listed for trading on a national securities exchange or is quoted in an established over-the-counter market, or is to be so listed for trading or quoted immediately following such event, and if the registered holder of the warrant properly exercises the warrant within thirty days following public disclosure of such transaction, the warrant exercise price will be reduced as specified in the warrant agreement based on the Black-Scholes value (as defined in the warrant agreement) of the warrant. The purpose of such exercise price reduction is to provide additional value to holders of the warrants when an extraordinary transaction occurs during the exercise period of the warrants pursuant to which the holders of the warrants otherwise do not receive the full potential value of the warrants in order to determine and realize the option value component of the warrant. This formula is to compensate the warrant holder for the loss of the option value portion of the warrant due to the requirement that the warrant holder exercise the warrant within 30 days of the event. The Black-Scholes model is an accepted pricing model for estimating fair market value where no quoted market price for an instrument is available.

 

The warrants were issued in registered form under a warrant agreement between Continental Stock Transfer & Trust Company, as warrant agent, and us. The warrant agreement provides that the terms of the warrants may be amended without the consent of any holder to cure any ambiguity or correct any mistake, including to conform the provisions of the warrant agreement to the description of the terms of the warrants and the warrant agreement set forth in the prospectus for the IPO, or defective provision, but requires the approval by the holders of at least a majority of the then outstanding public warrants to make any change that adversely affects the interests of the registered holders of public warrants.

 

In addition, if (x) we issue additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of our initial business combination at a Newly Issued Price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to be determined in good faith by our board of directors and, in the case of any such issuance to our sponsor or its affiliates, without taking into account any founder shares held by our sponsor or such affiliates, as applicable, prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of our initial business combination on the date of the consummation of our initial business combination (net of redemptions), and (z) the Market Value is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price.

 

 
 

 

The warrants may be exercised upon surrender of the warrant certificate on or prior to the expiration date at the offices of the warrant agent, with the exercise form on the reverse side of the warrant certificate completed and executed as indicated, accompanied by full payment of the exercise price (or on a cashless basis, if applicable), by certified or official bank check payable to us, for the number of warrants being exercised. The warrant holders do not have the rights or privileges of holders of Class A common stock and any voting rights until they exercise their warrants and receive shares of Class A common stock. After the issuance of shares of Class A common stock upon exercise of the warrants, each holder will be entitled to one (1) vote for each share held of record on all matters to be voted on by stockholders.

 

No fractional shares will be issued upon exercise of the warrants. If, upon exercise of the warrants, a holder would be entitled to receive a fractional interest in a share, we will, upon exercise, round down to the nearest whole number of shares of Class A common stock to be issued to the warrant holder.

 

We have agreed that, subject to applicable law, any action, proceeding or claim against us arising out of or relating in any way to the warrant agreement will be brought and enforced in the courts of the State of New York or the United States District Court for the Southern District of New York, and we irrevocably submit to such jurisdiction, which jurisdiction will be the exclusive forum for any such action, proceeding or claim. This provision applies to claims under the Securities Act but does not apply to claims under the Exchange Act or any claim for which the federal district courts of the United States of America are the sole and exclusive forum.

 

Dividends

 

We have not paid any cash dividends on our common stock to date and do not intend to pay cash dividends prior to the completion of a business combination. The payment of cash dividends in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial conditions subsequent to completion of a business combination. The payment of any cash dividends subsequent to a business combination will be within the discretion of our board of directors at such time. If we incur any indebtedness, our ability to declare dividends may be limited by restrictive covenants we may agree to in connection therewith.

 

Our Transfer Agent

 

The transfer agent for our common stock is Continental Stock Transfer & Trust Company. We have agreed to indemnify Continental Stock Transfer & Trust Company in its role as transfer agent, its agents and each of its stockholders, directors, officers and employees against all claims and losses that may arise out of acts performed or omitted for its activities in that capacity, except for any claims and losses due to any gross negligence or intentional misconduct of the indemnified person or entity.

 

 
 

 

Our Amended and Restated Certificate of Incorporation

 

Our amended and restated certificate of incorporation contains provisions designed to provide certain requirements and restrictions relating to the IPO that will apply to us until the completion of our initial business combination. These provisions cannot be amended without the approval of the holders of 65% of our common stock. Our initial stockholders and their permitted transferees, if any, will participate in any vote to amend our amended and restated certificate of incorporation and will have the discretion to vote in any manner they choose. Specifically, our amended and restated certificate of incorporation provides, among other things, that:

 

  ● If we have not completed an initial business combination within the period to consummate the initial business combination, we will (i) cease all operations except for the purpose of winding up; (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem the public shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (net of taxes payable and less up to $100,000 of interest to pay dissolution expenses), divided by the number of the then outstanding public shares, which redemption will completely extinguish public stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any); and (iii) as promptly as reasonably possible following such redemption, subject to the approval of our remaining stockholders and our board of directors, liquidate and dissolve, subject in each case to our obligations under Delaware law to provide for claims of creditors and the requirements of other applicable law;
  ● Prior to or in connection with our initial business combination, we may not issue additional securities that would entitle the holders thereof to (i) receive funds from the trust account or (ii) vote on our initial business combination or on any other proposal presented to stockholders prior to or in connection with the completion of an initial business combination;
     
  ● Although we do not intend to enter into a business combination with a target business that is affiliated with our sponsor, our directors or our executive officers, we are not prohibited from doing so, and in the event we enter into such a transaction, we, or a committee of independent directors, will obtain an opinion from either an independent investment banking firm that is a member of FINRA or an independent accounting firm that our initial business combination is fair to our company from a financial point of view;
     
  ● Furthermore, in the event that we seek such a business combination, we expect that the independent members of our board of directors would be involved in the process for considering, and approving the transaction;
     
  ● If a stockholder vote on our initial business combination is not required by applicable law or stock exchange rule and we do not decide to hold a stockholder vote for business or other reasons, we will offer to redeem our public shares pursuant to Rule 13e-4 and Regulation 14E of the Exchange Act, and will file tender offer documents with the SEC prior to completing our initial business combination which contain substantially the same financial and other information about our initial business combination and the redemption rights as is required under Regulation 14A of the Exchange Act;
     
  ● In accordance with Nasdaq rules, our initial business combination must occur with one or more target businesses that together have an aggregate fair market value of at least 80% of the assets held in the trust account (excluding the amount of deferred underwriting discounts held in trust and taxes payable on the income earned on the trust account) at the time of the agreement to enter into the initial business combination;
     
  ● If our stockholders approve an amendment to our amended and restated certificate of incorporation that would affect the substance or timing of our obligation to allow redemption in connection with our initial business combination or to redeem 100% of our public shares if we do not complete an initial business combination within the period to consummate the initial business combination, or with respect to any other provisions relating to stockholders’ rights or pre-initial business combination activity, we will provide our public stockholders with the opportunity to redeem all or a portion of their Class A common stock upon such approval at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account, including interest earned on the funds held in the trust account (net of taxes payable and less up to $100,000 of interest to pay dissolution expenses), divided by the number of the then outstanding public shares, subject to the limitations described herein; and
     
  ● We will not effectuate our initial business combination with another blank check company or a similar company with nominal operations.

 

In addition, our amended and restated certificate of incorporation provides that under no circumstances will we redeem our public shares in an amount that would cause our net tangible assets to be less than $5,000,001.

 

 
 

 

Certain Anti-Takeover Provisions of Delaware Law and our Amended and Restated Certificate of Incorporation and Bylaws

 

We are subject to the provisions of Section 203 of the DGCL regulating corporate takeovers upon completion of the IPO. This statute prevents certain Delaware corporations, under certain circumstances, from engaging in a “business combination” with:

 

  ● a stockholder who owns 15% or more of our outstanding voting stock (otherwise known as an “interested stockholder”);
     
  ● an affiliate of an interested stockholder; or
     
  ● an associate of an interested stockholder, for three years following the date that the stockholder became an interested stockholder.

 

A “business combination” includes a merger or sale of more than 10% of our assets. However, the above provisions of Section 203 do not apply if:

 

  ● our board of directors approves the transaction that made the stockholder an “interested stockholder,” prior to the date of the transaction;
     
  ● after the completion of the transaction that resulted in the stockholder becoming an interested stockholder, that stockholder owned at least 85% of our voting stock outstanding at the time the transaction commenced, other than statutorily excluded shares of common stock; or
     
  ● on or subsequent to the date of the transaction, the initial business combination is approved by our board of directors and authorized at a meeting of our stockholders, and not by written consent, by an affirmative vote of at least two-thirds of the outstanding voting stock not owned by the interested stockholder.

 

Our amended and restated certificate of incorporation provides that our board of directors is classified into three classes of directors. As a result, in most circumstances, a person can gain control of our board of directors only by successfully engaging in a proxy contest at two or more annual meetings.

 

Our authorized but unissued common stock and preferred stock will be available for future issuances without stockholder approval and could be utilized for a variety of corporate purposes, including future offerings to raise additional capital, acquisitions and employee benefit plans. The existence of authorized but unissued and unreserved common stock and preferred stock could render more difficult or discourage an attempt to obtain control of us by means of a proxy contest, tender offer, merger or otherwise.

 

Exclusive forum for certain lawsuits

 

Our amended and restated certificate of incorporation requires, to the fullest extent permitted by law, that derivative actions brought in our name, actions against directors, officers and employees for breach of fiduciary duty and certain other actions may be brought only in the Court of Chancery in the State of Delaware, except any action (A) as to which the Court of Chancery in the State of Delaware determines that there is an indispensable party not subject to the jurisdiction of the Court of Chancery (and the indispensable party does not consent to the personal jurisdiction of the Court of Chancery within ten days following such determination), (B) which is vested in the exclusive jurisdiction of a court or forum other than the Court of Chancery or (C) for which the Court of Chancery does not have subject matter jurisdiction. If an action is brought outside of Delaware, the stockholder bringing the suit will be deemed to have consented to service of process on such stockholder’s counsel. Although we believe this provision benefits us by providing increased consistency in the application of law in the types of lawsuits to which it applies, a court may determine that this provision is unenforceable, and to the extent it is enforceable, the provision may have the effect of discouraging lawsuits against our directors and officers.

 

Our amended and restated certificate of incorporation provides that the exclusive forum provision will be applicable to the fullest extent permitted by applicable law, subject to certain exceptions. Section 27 of the Exchange Act creates exclusive federal jurisdiction over all suits brought to enforce any duty or liability created by the Exchange Act or the rules and regulations thereunder. As a result, the exclusive forum provision will not apply to suits brought to enforce any duty or liability created by the Exchange Act or any other claim for which the federal courts have exclusive jurisdiction. In addition, our amended and restated certificate of incorporation provides that, unless we consent in writing to the selection of an alternative forum, the federal district courts of the United States of America shall, to the fullest extent permitted by law, be the exclusive forum for the resolution of any complaint asserting a cause of action arising under the Securities Act, or the rules and regulations promulgated thereunder. We note, however, that there is uncertainty as to whether a court would enforce this provision and that investors cannot waive compliance with the federal securities laws and the rules and regulations thereunder. Section 22 of the Securities Act creates concurrent jurisdiction for state and federal courts over all suits brought to enforce any duty or liability created by the Securities Act or the rules and regulations thereunder.

 

 
 

 

Special meeting of stockholders

 

Our bylaws provide that special meetings of our stockholders may be called only by a majority vote of our board of directors, or by our Chief Executive Officer.

 

Advance notice requirements for stockholder proposals and director nominations

 

Our bylaws provide that stockholders seeking to bring business before our annual meeting of stockholders, or to nominate candidates for election as directors at our annual meeting of stockholders, must provide timely notice of their intent in writing. To be timely, a stockholder’s notice will need to be received by the company secretary at our principal executive offices not later than the close of business on the 90th day nor earlier than the opening of business on the 120th day prior to the anniversary date of the immediately preceding annual meeting of stockholders. Pursuant to Rule 14a-8 of the Exchange Act, proposals seeking inclusion in our annual proxy statement must comply with the notice periods contained therein. Our bylaws also specify certain requirements as to the form and content of a stockholders’ meeting. These provisions may preclude our stockholders from bringing matters before our annual meeting of stockholders or from making nominations for directors at our annual meeting of stockholders.

 

Action by written consent

 

Subsequent to the consummation of the offering, any action required or permitted to be taken by our common stockholders must be effected by a duly called annual or special meetings of such stockholders and may not be effected by written consent of the stockholders other than with respect to our founder shares.

 

Classified board of directors

 

Our board of directors is divided into three classes, Class I, Class II and Class III, with members of each class serving staggered three-year terms. Our amended and restated certificate of incorporation provides that the authorized number of directors may be changed only by resolution of the board of directors. Subject to the terms of any preferred stock, any or all of the directors may be removed from office at any time, but only for cause and only by the affirmative vote of holders of a majority of the voting power of all then outstanding shares of our capital stock entitled to vote generally in the election of directors, voting together as a single class. Any vacancy on our board of directors, including a vacancy resulting from an enlargement of our board of directors, may be filled only by vote of a majority of our directors then in office.

 

Class B Common Stock Consent Right

 

For so long as any shares of our founder shares remain outstanding, we may not, without the prior vote or voting separately as a single class, amend, alter or repeal any provision of our amended and restated certificate of incorporation, whether by merger, consolidation or otherwise, if such amendment, alteration or repeal would alter or change the powers, preferences or relative, participating, optional or other or special rights of the founder shares. Any action required or permitted to be taken at any meeting of the holders of our founder shares may be taken without a meeting, without prior notice and without a vote, if a consent or consents in writing, setting forth the action so taken, shall be signed by the holders of the outstanding founder shares having not less than the minimum number of votes that would be necessary to authorize or take such action at a meeting at which all shares of our founder shares were present and voted.

 

Rule 144

 

Pursuant to Rule 144, a person who has beneficially owned restricted shares for at least six months would be entitled to sell their securities provided that (i) such person is not deemed to have been one of our affiliates at the time of, or at any time during the three months preceding, a sale and (ii) we are subject to the Exchange Act periodic reporting requirements for at least three months before the sale and have filed all required reports under Section 13 or 15(d) of the Exchange Act during the 12 months (or such shorter period as we were required to file reports) preceding the sale.

 

 
 

 

Persons who have beneficially owned restricted shares for at least six months but who are our affiliates at the time of, or at any time during the three months preceding, a sale, would be subject to additional restrictions, by which such person would be entitled to sell within any three-month period only a number of securities that does not exceed the greater of:

 

  ● 1% of the total number of shares of common stock then outstanding, which equals 150,669 shares immediately after the IPO; or
     
  ● the average weekly reported trading volume of shares of our Class A common stock during the four calendar weeks preceding the filing of a notice on Form 144 with respect to the sale.

 

Sales by our affiliates under Rule 144 are also limited by manner of sale provisions and notice requirements and to the availability of current public information about us.

 

Restrictions on the Use of Rule 144 by Shell Companies or Former Shell Companies

 

Rule 144 is not available for the resale of securities initially issued by shell companies (other than business combination related shell companies) or issuers that have been at any time previously a shell company. However, Rule 144 also includes an important exception to this prohibition if the following conditions are met:

 

  ● the issuer of the securities that was formerly a shell company has ceased to be a shell company;
     
  ● the issuer of the securities is subject to the reporting requirements of Section 13 or 15(d) of the Exchange Act; and
     
  ● the issuer of the securities has filed all Exchange Act reports and material required to be filed, as applicable, during the preceding 12 months (or such shorter period that the issuer was required to file such reports and materials), other than Form 8-K reports; and at least one year has elapsed from the time that the issuer filed current Form 10 type information with the SEC reflecting its status as an entity that is not a shell company.

 

As a result, our initial stockholders will be able to sell their founder shares and placement units (including component securities contained therein), as applicable, pursuant to Rule 144 without registration one year after we have completed our initial business combination.

 

Registration Rights

 

The holders of the founder shares and placement units (including securities contained therein) and units (including securities contained therein) that may be issued upon conversion of working capital loans and extension loans, and any shares of Class A common stock issuable upon the exercise of the placement warrants and any shares of Class A common stock and warrants (and underlying Class A common stock) that may be issued upon conversion of the units issued as part of the working capital loans and extension loans and Class A common stock issuable upon conversion of the founder shares and the representative shares which will be issued to the representative upon consummation of the Company’s initial public offering, will be entitled to registration rights pursuant to a registration rights agreement signed on the effective date of the IPO, requiring us to register such securities for resale (in the case of the founder shares, only after conversion to our Class A common stock). The holders of these securities are entitled to make up to two demands, excluding short form demands, that we register such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to our completion of our initial business combination and rights to require us to register for resale such securities pursuant to Rule 415 under the Securities Act.

 

However, the registration rights agreement provides that we will not permit any registration statement filed under the Securities Act to become effective until termination of the applicable lockup period, which occurs (i) in the case of the founder shares, as described in the following paragraph, and (ii) in the case of the placement warrants, 30 days after the completion of our initial business combination. The registration rights agreement does not contain liquidated damages or other cash settlement provisions resulting from delays in registering our securities. We will bear the expenses incurred in connection with the filing of any such registration statements.

 

Except as described herein, our sponsor, officers and directors have agreed not to transfer, assign or sell any of their founder shares and placement units until the earlier to occur of: (A) six months after the completion of our initial business combination or (B) subsequent to our initial business combination, (x) if the last sale price of our Class A common stock equals or exceeds $12.00 per unit (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within any 30-trading day period commencing at least 150 days after our initial business combination, or (y) the date on which we complete a liquidation, merger, capital stock exchange, reorganization or other similar transaction that results in all of our stockholders having the right to exchange their shares of common stock for cash, securities or other property.

 

 

 

 EX-10.19 3 ex10-19.htm

 

Exhibit 10.19

 

AMENDMENT TO

NON-REDEMPTION AGREEMENT

 

Dated as of March 15, 2024

 

This Amendment to Non-Redemption (this “Amendment”) is made and entered into as of the date first set forth above (the “Amendment Date”) by and among Pono Capital Two, Inc., a Delaware corporation (the “Company”), ZUU Target Fund for SBC Medical Group HD Investment Partnership (the “Holder”), SBC Medical Group Holdings Incorporated, a Delaware corporation (the “Target”), and Yoshiyuki Aikawa (“Dr. Aikawa”).

 

WHEREAS the parties are all of the parties to that certain Non-Redemption Agreement dated as of January 11, 2024 (the “Agreement”) pursuant to which the Holder agreed to purchase and hold certain shares of the Class A common stock of the Company;

 

WHEREAS, the parties now desire to amend the Agreement to revise the date by which the Company will clear all comments with the Securities and Exchange Commission (SEC), to its proxy statement in connection with the Business Combination from on or before April 30, 2024 to on or before June 30, 2024;

 

NOW THEREFORE, in consideration of the mutual agreements contained herein and for good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, and intending to be legally bound hereby, the parties hereby agree as follows:

1.Definitions. Capitalized terms used but not defined herein shall have the meanings assigned to such terms in the Agreement.
2.Amendment. The definition of “Clearance Date” in the Agreement shall be amended to mean on or before June 30, 2024 and the parties hereby agree to close the Business Combination on or before August 31, 2024.
3.Effect of Amendment; Full Force and Effect. This Amendment shall form a part of the Agreement for all purposes, and each party shall be bound hereby and this Amendment and the Agreement shall be read and interpreted as one combined instrument. From and after the Amendment Date, each reference in the Agreement to “this Agreement,” “hereof,” “hereunder,” “herein,” “hereby” or words of like import referring to the Agreement shall mean and be a reference to the Agreement as amended by this Amendment. Except as herein expressly amended or otherwise provided herein, each and every term, condition, warranty and provision of the Agreement shall remain in full force and effect, and such are hereby ratified, confirmed and approved by the parties.
4.Governing Law. This Amendment shall be governed by, construed and enforced in accordance with the Laws of the State of Delaware without regard to the conflict of laws principles thereof.
5.Counterparts. This Amendment may be executed in one or more counterparts, each of which shall be deemed to be an original, but all of which shall constitute one and the same agreement. Delivery of an executed counterpart of a signature page to this Amendment by electronic means, including DocuSign, Adobe Sign or other similar e-signature services, e-mail or scanned pages shall be effective as delivery of a manually executed counterpart to this Amendment.

 

[Signature Pages Follow]

 

1
 

 

IN WITNESS WHEREOF, each of the parties has caused this Amendment to be duly executed on its behalf as of the Amendment Date.

 

PONO CAPITAL TWO, INC.

 

By: /s/ Darryl Nakamoto  
Name: Darryl Nakamoto  
Title: Chief Executive Officer  

 

MEHANA CAPITAL LLC

 

By: /s/ Dustin Shindo  
Name: Dustin Shindo  
Its: Manager  

 

ZUU TARGET FUND FOR SBC MEDICAL GROUP HD INVESTMENT PARTNERSHIP

 

By: /s/ Kazumasa Tomita  
Name: Kazumasa Tomita  
Title: Operating Manager/Chief Executive Officer of ZUU Funders Co., Ltd.  

 

SBC MEDICAL GROUP HOLDINGS INCORPORATED

 

By: /s/ Yoshiyuki Aikawa  
Name: Yoshiyuki Aikawa  
Title: Chief Executive Officer  

 

/s/ Yoshiyuki Aikawa  
YOSHIYUKI AIKAWA  

 

[Signature Page to Amendment to Non-Redemption Agreement]

 

 

 

 EX-31.1 4 ex31-1.htm

 

Exhibit 31.1

 

CERTIFICATION OF CHIEF EXECUTIVE OFFICER

PURSUANT TO RULE 13A-14(A) UNDER THE SECURITIES EXCHANGE ACT OF 1934,

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Darryl Nakamoto, certify that:

 

  1. I have reviewed this Annual Report on Form 10-K for the year ended December 31, 2023 of Pono Capital Two, Inc.;
     
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
     
  3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
     
  4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

  5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and

 

  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: March 18, 2024 By: /s/ Darryl Nakamoto
    Darryl Nakamoto
    Chief Executive Officer
    (Principal Executive Officer)

 

 

 

 EX-31.2 5 ex31-2.htm

 

Exhibit 31.2

 

CERTIFICATION OF CHIEF FINANCIAL OFFICER

PURSUANT TO RULE 13A-14(A) UNDER THE SECURITIES EXCHANGE ACT OF 1934,

AS ADOPTED PURSUANT TO SECTION 302 OF THE SARBANES-OXLEY ACT OF 2002

 

I, Allison Van Orman, certify that:

 

  1. I have reviewed this Annual Report on Form 10-K for the year ended December 31, 2023 of Pono Capital Two, Inc.;
     
  2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;
     
  3. Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the periods presented in this report;
     
  4. The registrant’s other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:

 

  a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;
     
  b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under my supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;
     
  c) Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by this report based on such evaluation; and
     
  d) Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter (the registrant’s fourth fiscal quarter in the case of an annual report) that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

 

  5. The registrant’s other certifying officer and I have disclosed, based on our most recent evaluation of internal control over financial reporting, to the registrant’s auditors and the audit committee of the registrant’s board of directors (or persons performing the equivalent functions):

 

  (a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize and report financial information; and
     
  (b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

 

Date: March 18, 2024 By: /s/ Allison Van Orman
    Allison Van Orman
    Chief Financial Officer
    (Principal Financial and Accounting Officer)

 

 

 

 EX-32.1 6 ex32-1.htm

 

Exhibit 32.1

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Annual Report of Pono Capital Two, Inc. (the “Company”) on Form 10-K for the year ended December 31, 2023, as filed with the Securities and Exchange Commission (the “Report”), I, Darryl Nakamoto, Chief Executive Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as added by §906 of the Sarbanes-Oxley Act of 2002, that:

 

  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
     
  2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: March 18, 2024 By: /s/ Darryl Nakamoto
    Darryl Nakamoto
    Chief Executive Officer
    (Principal Executive Officer)

 

 

 

 EX-32.2 7 ex32-2.htm

 

Exhibit 32.2

 

CERTIFICATION PURSUANT TO

18 U.S.C. SECTION 1350,

AS ADOPTED PURSUANT TO

SECTION 906 OF THE SARBANES-OXLEY ACT OF 2002

 

In connection with the Annual Report of Pono Capital Two, Inc. (the “Company”) on Form 10-K for the year ended December 31, 2023, as filed with the Securities and Exchange Commission (the “Report”), I, Allison Van Orman, Chief Financial Officer of the Company, certify, pursuant to 18 U.S.C. §1350, as added by §906 of the Sarbanes-Oxley Act of 2002, that:

 

  1. The Report fully complies with the requirements of Section 13(a) or 15(d) of the Securities Exchange Act of 1934; and
     
  2. The information contained in the Report fairly presents, in all material respects, the financial condition and results of operations of the Company.

 

Date: March 18, 2024 By: /s/ Allison Van Orman
    Allison Van Orman
    Chief Financial Officer
    (Principal Financial and Accounting Officer)

 

 

 

 EX-97.1 8 ex97-1.htm

 

Exhibit 97.1

 

PONO CAPITAL TWO, INC. (THE “COMPANY”)

CLAWBACK POLICY

 

Introduction

 

The Board of Directors of the Company (the “Board”) believes that it is in the best interests of the Company and its stockholders to create and maintain a culture that emphasizes integrity and accountability and that reinforces the Company’s pay-for-performance compensation philosophy. The Board has therefore adopted this policy which provides for the recoupment of certain executive compensation received in the event of an accounting restatement resulting from material noncompliance with financial reporting requirements under the federal securities laws (the “Policy”). This Policy is designed to comply with Section 10D of the Securities Exchange Act of 1934 (the “Exchange Act”), the rules and amendments adopted by the Securities and Exchange Commission (the “SEC”) to implement the aforementioned legislation, and the listing standards of the national securities exchange on which the Company’s securities are listed.

 

Administration

 

This Policy shall be administered by the Board or, if so designated by the Board, the Compensation Committee, in which case references herein to the Board shall be deemed references to the Compensation Committee. Any determinations made by the Board shall be final and binding on all affected individuals.

 

Covered Executives

 

This Policy applies to the Company’s current and former executive officers, as determined by the Board in accordance with Section 10D of the Exchange Act and the listing standards of the national securities exchange on which the Company’s securities are listed, and such other senior executives/employees who may from time to time be deemed subject to the Policy by the Board (“Covered Executives”).

 

Recoupment; Accounting Restatement

 

In the event the Company is required to prepare an accounting restatement of its financial statements due to the Company’s material noncompliance with any financial reporting requirement under the securities laws, the Board will require reimbursement or forfeiture of any excess Incentive Compensation (as defined below) received by any Covered Executive during the three completed fiscal years immediately preceding the date on which the Company is required to prepare an accounting restatement.

 

Incentive Compensation

 

For purposes of this Policy, Incentive Compensation means any of the following; provided that such compensation is granted, earned, or vested based wholly or in part on the attainment of a financial reporting measure:

 

● Annual cash bonuses and other short- and long-term cash incentives
   
● Stock options
   
● Stock appreciation rights
   
● Restricted stock

 

 
 

 

● Restricted stock units
   
● Performance shares
   
● Performance units

 

Financial reporting measures are measures that are determined and presented in accordance with the accounting principles used in preparing the Company’s financial statements, and any measures that are derived wholly or in part from such measures and may include, among other things, any of the following:

 

● Company stock price
   
● Total stockholder return
   
● Revenues
   
● Net income
   
● Earnings before interest, taxes, depreciation, and amortization (EBITDA)
   
● Liquidity measures such as working capital or operating cash flow
   
● Earnings measures such as earnings per share
   
● “Non-GAAP financial measures” for purposes of Exchange Act Regulation G and 17CFR 229.10

 

Excess Incentive Compensation: Amount Subject to Recovery

 

The amount to be recovered will be the excess of the Incentive Compensation paid to the Covered Executive based on the erroneous data over the Incentive Compensation that would have been paid to the Covered Executive had it been based on the restated results, as determined by the Board.

 

If the Board cannot determine the amount of excess Incentive Compensation received by the Covered Executive directly from the information in the accounting restatement, then it will make its determination based on a reasonable estimate of the effect of the accounting restatement on the applicable measure.

 

Method of Recoupment

 

The Board will determine, in its sole discretion, the method for recouping Incentive Compensation hereunder which may include, without limitation:

 

● requiring reimbursement of cash Incentive Compensation previously paid;
   
● seeking recovery of any gain realized on the vesting, exercise, settlement, sale, transfer, or other disposition of any equity-based awards;
   
● offsetting the recouped amount from any compensation otherwise owed by the Company to the Covered Executive;
   
● cancelling outstanding vested or unvested equity awards; and/or
   
● taking any other remedial and recovery action permitted by law, as determined by the Board.

 

 
 

 

No Indemnification

 

The Company shall not indemnify any Covered Executives against the loss of any incorrectly awarded Incentive Compensation.

 

Interpretation

 

The Board is authorized to interpret and construe this Policy and to make all determinations necessary, appropriate, or advisable for the administration of this Policy. It is intended that this Policy be interpreted in a manner that is consistent with the requirements of Section 10D of the Exchange Act and applicable rules or standards adopted by the Securities and Exchange Commission or any national securities exchange on which the Company’s securities are listed.

 

Effective Date

 

This Policy shall apply to any excess Incentive Compensation received by Covered Executives during the three immediately completed fiscal years preceding the date on which a company is required to prepare an accounting restatement. Notwithstanding the foregoing, this Policy shall be effective as of October 2, 2023 (the “Effective Date”) and shall apply to Incentive Compensation that is approved, awarded or granted to Covered Executives on or after that date.

 

Amendment; Termination

 

The Board may amend this Policy from time to time in its discretion and shall amend this Policy as it deems necessary to reflect final regulations adopted by the Securities and Exchange Commission under Section 10D of the Exchange Act and to comply with the rules and standards adopted by the SEC and the listing standards of any national securities exchange on which the Company’s securities are listed. The Board may terminate this Policy at any time.

 

Other Recoupment Rights

 

The Board intends that this Policy will be applied to the fullest extent of the law. The Board may require that any employment agreement, equity award agreement, or similar agreement entered into on or after the Effective Date shall, as a condition to the grant of any benefit thereunder, require a Covered Executive to agree to abide by the terms of this Policy. Any right of recoupment under this Policy is in addition to, and not in lieu of, any other remedies or rights of recoupment that may be available to the Company pursuant to the terms of any similar policy in any employment agreement, equity award agreement, or similar agreement and any other legal remedies available to the Company.

 

Impracticability

 

The Board shall recover any excess Incentive Compensation in accordance with this Policy unless such recovery would be impracticable, as determined by the Board in accordance with Rule 10D-1 of the Exchange Act and any applicable rules or standards adopted by the SEC and the listing standards of any national securities exchange on which the Company’s securities are listed.

 

Successors

 

This Policy shall be binding and enforceable against all Covered Executives and their beneficiaries, heirs, executors, administrators or other legal representatives.

 

 

 

 EX-101.SCH 9 ptwo-20231231.xsd XBRL SCHEMA FILE 00000001 - Document - Cover link:presentationLink link:calculationLink link:definitionLink 00000002 - Statement - Consolidated Balance Sheets link:presentationLink link:calculationLink link:definitionLink 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000004 - Statement - Consolidated Statements of Operations link:presentationLink link:calculationLink link:definitionLink 00000005 - Statement - Consolidated Statements of Changes in Stockholders' Deficit link:presentationLink link:calculationLink link:definitionLink 00000006 - Statement - Consolidated Statements of Changes in Stockholders' Deficit (Parenthetical) link:presentationLink link:calculationLink link:definitionLink 00000007 - Statement - Consolidated Statements of Cash Flows link:presentationLink link:calculationLink link:definitionLink 00000008 - Disclosure - DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN link:presentationLink link:calculationLink link:definitionLink 00000009 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES link:presentationLink link:calculationLink link:definitionLink 00000010 - Disclosure - INITIAL PUBLIC OFFERING link:presentationLink link:calculationLink link:definitionLink 00000011 - Disclosure - PRIVATE PLACEMENT link:presentationLink link:calculationLink link:definitionLink 00000012 - Disclosure - RELATED PARTY TRANSACTIONS link:presentationLink link:calculationLink link:definitionLink 00000013 - Disclosure - COMMITMENTS AND CONTINGENCIES link:presentationLink link:calculationLink link:definitionLink 00000014 - Disclosure - STOCKHOLDERS’ DEFICIT link:presentationLink link:calculationLink link:definitionLink 00000015 - Disclosure - INCOME TAXES link:presentationLink link:calculationLink link:definitionLink 00000016 - Disclosure - FAIR VALUE MEASUREMENTS link:presentationLink link:calculationLink link:definitionLink 00000017 - Disclosure - SUBSEQUENT EVENTS link:presentationLink link:calculationLink link:definitionLink 00000018 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) link:presentationLink link:calculationLink link:definitionLink 00000019 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) link:presentationLink link:calculationLink link:definitionLink 00000020 - Disclosure - INCOME TAXES (Tables) link:presentationLink link:calculationLink link:definitionLink 00000021 - Disclosure - FAIR VALUE MEASUREMENTS (Tables) link:presentationLink link:calculationLink link:definitionLink 00000022 - Disclosure - DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000023 - Disclosure - SCHEDULE OF REDEEMABLE CLASS A COMMON STOCK (Details) link:presentationLink link:calculationLink link:definitionLink 00000024 - Disclosure - SCHEDULE OF BASIC AND DILUTED NET INCOME PER SHARE (Details) link:presentationLink link:calculationLink link:definitionLink 00000025 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000026 - Disclosure - INITIAL PUBLIC OFFERING (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000027 - Disclosure - PRIVATE PLACEMENT (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000028 - Disclosure - RELATED PARTY TRANSACTIONS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000029 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000030 - Disclosure - STOCKHOLDERS’ DEFICIT (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000031 - Disclosure - SCHEDULE OF NET DEFERRED TAX ASSETS AND LIABILITIES (Details) link:presentationLink link:calculationLink link:definitionLink 00000032 - Disclosure - SCHEDULE OF INCOME TAX PROVISION (Details) link:presentationLink link:calculationLink link:definitionLink 00000033 - Disclosure - SCHEDULE OF FEDERAL INCOME TAX RATE (Details) link:presentationLink link:calculationLink link:definitionLink 00000034 - Disclosure - INCOME TAXES (Details Narrative) link:presentationLink link:calculationLink link:definitionLink 00000035 - Disclosure - SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) link:presentationLink link:calculationLink link:definitionLink 00000036 - Disclosure - SUBSEQUENT EVENTS (Details Narrative) link:presentationLink link:calculationLink link:definitionLink EX-101.CAL 10 ptwo-20231231_cal.xml XBRL CALCULATION FILE EX-101.DEF 11 ptwo-20231231_def.xml XBRL DEFINITION FILE EX-101.LAB 12 ptwo-20231231_lab.xml XBRL LABEL FILE Class of Stock [Axis] Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant Class A Common Stock, $0.0001 par value per share Redeemable Warrants, each warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share Common Class A [Member] Common Class B [Member] Equity Components [Axis] Common Stock [Member] Additional Paid-in Capital [Member] Retained Earnings [Member] Sale of Stock [Axis] Over-Allotment Option [Member] IPO [Member] Private Placement [Member] Statistical Measurement [Axis] Minimum [Member] Business Acquisition [Axis] Post Business Combination [Member] Affiliate Sponsor [Member] Collaborative Arrangement and Arrangement Other than Collaborative [Axis] Merger Agreement [Member] SBC Medical Group Holdings LLC [Member] Title of Individual [Axis] Sponsor [Member] Subsequent Event Type [Axis] Subsequent Event [Member] Note Purchase Agreement [Member] A&R Merger Agreement [Member] Class of Warrant or Right [Axis] Public Warrants and Placement Warrants [Member] Public Warrant [Member] Debt Instrument [Axis] Promissory Note [Member] Related Party, Type [Axis] Related Party [Member] Administrative Support Agreement [Member] Convertible Promissory Note [Member] Short-Term Debt, Type [Axis] Convertible Debt [Member] Underwriters [Member] Warrant [Member] Financial Instrument [Axis] US Treasury Securities [Member] Fair Value Hierarchy and NAV [Axis] Fair Value, Inputs, Level 1 [Member] Fair Value, Inputs, Level 2 [Member] Fair Value, Inputs, Level 3 [Member] Statement [Table] Statement [Line Items] Document Type Amendment Flag Amendment Description Document Registration Statement Document Annual Report Document Quarterly Report Document Transition Report Document Shell Company Report Document Shell Company Event Date Document Period Start Date Document Period End Date Document Fiscal Period Focus Document Fiscal Year Focus Current Fiscal Year End Date Entity File Number Entity Registrant Name Entity Central Index Key Entity Primary SIC Number Entity Tax Identification Number Entity Incorporation, State or Country Code Entity Address, Address Line One Entity Address, Address Line Two Entity Address, Address Line Three Entity Address, City or Town Entity Address, State or Province Entity Address, Country Entity Address, Postal Zip Code Country Region City Area Code Local Phone Number Extension Written Communications Soliciting Material Pre-commencement Tender Offer Pre-commencement Issuer Tender Offer Title of 12(b) Security No Trading Symbol Flag Trading Symbol Security Exchange Name Title of 12(g) Security Security Reporting Obligation Annual Information Form Audited Annual Financial Statements Entity Well-known Seasoned Issuer Entity Voluntary Filers Entity Current Reporting Status Entity Interactive Data Current Entity Filer Category Entity Small Business Entity Emerging Growth Company Elected Not To Use the Extended Transition Period Document Accounting Standard Other Reporting Standard Item Number Entity Shell Company Entity Public Float Entity Bankruptcy Proceedings, Reporting Current Entity Common Stock, Shares Outstanding Documents Incorporated by Reference [Text Block] ICFR Auditor Attestation Flag Document Financial Statement Error Correction [Flag] Auditor Firm ID Auditor Name Auditor Location Assets: Current assets: Cash Prepaid expenses Total Current Assets Marketable securities held in Trust Account Total Assets Liabilities and Stockholders’ Deficit: Current liabilities: Accounts payable Accrued expenses Convertible Promissory Note Franchise tax payable Income tax payable Excise tax payable Total Current Liabilities Deferred underwriting fee payable Total Liabilities Commitments and Contingencies (Note 6) Class A common stock subject to possible redemption, 1,922,750 and 11,500,000 shares at redemption value of $10.72 and $10.32 per share as of December 31, 2023 and 2022, respectively Stockholders’ Deficit: Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding Common stock value Additional paid-in capital Accumulated deficit Total Stockholders’ Deficit Total Liabilities and Stockholders’ Deficit Common stock subject to possible redemption Redemption of shares, par value Preferred stock, par value Preferred stock, shares authorized Preferred stock, shares issued Preferred stock, shares outstanding Common stock, par value Common stock, shares authorized Common stock, shares issued Common stock, shares outstanding Common stock not subject to possible redemption Operating and formation costs Franchise tax expense Loss from Operations Other Income: Interest and dividend income on investments held in Trust Account Income before income taxes Income tax expense Net income Basic weighted average shares outstanding, Class B common stock Basic net income per share, Class B common stock Diluted weighted average shares outstanding, Class B common stock Diluted net income per share, Class B common stock Balance Balance, shares Shareholder non-redemption agreement Shareholder non-redemption agreement Conversion of Class B common stock to Class A common stock Conversion of Class B common stock to Class A common stock, shares Excise tax Accretion of Class A common stock subject to redemption to redemption amount Net income Issuance of Class B common stock to Sponsor Issuance of Class B common stock to Sponsor, shares Issuance of Placement Units Issuance of Placement Units, shares Issuance of Representative shares Issuance of Representative Shares, shares Proceeds allocated to Public Warrants Value of offering costs allocated to the fair value of equity instruments Balance Balance, shares Share-based payment arrangement, forfeited Statement of Cash Flows [Abstract] Cash Flows from Operating Activities: Adjustments to reconcile net income to net cash used in operating activities: Interest and dividend income on investments held in Trust Account Changes in operating assets and liabilities: Prepaid expenses Accounts payable Accrued expenses Franchise tax payable Income tax payable Net cash used in operating activities Cash Flows from Investing Activities: Investment of cash in Trust Account Proceeds from Trust Account to pay taxes Proceeds from Trust Account for payment to redeeming shareholders Net cash provided by (used in) investing activities Cash Flows from Financing Activities: Proceeds from convertible promissory note Payment to redeeming shareholders Proceeds from sale of private placement units Proceeds from issuance of Class B common stock to Sponsor Proceeds from sale of Units, net of underwriting discount paid Proceeds from promissory note - related party Repayment of Promissory note - related party Advance from Sponsor for payment of formation costs Repayment to Sponsor for payment of formation costs Payment of offering costs Net cash (used in) provided by financing activities Net Change in Cash Cash - Beginning of period Cash - End of period Supplemental disclosure of non-cash investing and financing activities: Excise tax related to redemption of Class A common stock Shareholder non-redemption agreement Accretion of Class A common stock subject to redemption to redemption amount Fair value of Representative Shares Deferred underwriting fee payable Cash paid for income and franchise taxes Accounting Policies [Abstract] DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Initial Public Offering INITIAL PUBLIC OFFERING Private Placement PRIVATE PLACEMENT Related Party Transactions [Abstract] RELATED PARTY TRANSACTIONS Commitments and Contingencies Disclosure [Abstract] COMMITMENTS AND CONTINGENCIES Equity [Abstract] STOCKHOLDERS’ DEFICIT Income Tax Disclosure [Abstract] INCOME TAXES Fair Value Disclosures [Abstract] FAIR VALUE MEASUREMENTS Subsequent Events [Abstract] SUBSEQUENT EVENTS Basis of Presentation Principles of Consolidation Emerging Growth Company Use of Estimates Cash Investments Held in Trust Account Common Stock Subject to Possible Redemption Income Taxes Net Income Per Share Concentration of Credit Risk Fair Value of Financial Instruments Derivative Financial Instruments Warrants Offering Costs Recent Accounting Standards SCHEDULE OF REDEEMABLE CLASS A COMMON STOCK SCHEDULE OF BASIC AND DILUTED NET INCOME PER SHARE SCHEDULE OF NET DEFERRED TAX ASSETS AND LIABILITIES SCHEDULE OF INCOME TAX PROVISION SCHEDULE OF FEDERAL INCOME TAX RATE SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS Property, Plant and Equipment [Table] Property, Plant and Equipment [Line Items] Entity Incorporation, Date of Incorporation Number of shares issued Gross proceeds from initial public offering Sale of stock price per share Gross proceeds from private placement Net Proceeds Shares issued price per share Payments of stock issuance costs Payments for underwriting expense Deferred offering costs Representative shares issued, value Other stock issuance related costs Percentage of fair market value Business acquisition percentage Business combination, recognized identifiable assets acquired Business combination initial public offering, description Working capital deficit Accumulated deficit Operating Income (Loss) Net Cash Provided by (Used in) Operating Activities Convertible promissory note payable Business Acquisition, Equity Interest Issued or Issuable, Value Assigned Aggregate redeemed shares Shares redeemed value Excise tax liability Business combination, acquired receivables, description Shares issued to sponsor Shares puchase to affiliates Remaining funds in the trust account Non redeemption aggregate shares Common stock shares converted Agreement description Gross proceeds Proceeds allocated to Public Warrants Issuance costs allocated to Class A common stock Accretion of Class A common stock subject to redemption to redemption amount Class A common stock subject to possible redemption Accretion of Class A common stock subject to redemption to redemption amount Class A common stock subject to possible redemption Net income Basic weighted average shares outstanding Basic net income per share Net income Diluted weighted average shares outstanding Diluted net income per share Cash equivalents Investments held in trust account Common stock subject to possible redemption Number of aggregate shares issued Number of shares issued upon conversion FDIC insured amount Class of warrant or right exercise price Subsidiary or Equity Method Investee, Sale of Stock by Subsidiary or Equity Investee [Table] Subsidiary, Sale of Stock [Line Items] Schedule of Related Party Transactions, by Related Party [Table] Related Party Transaction [Line Items] Sponsor shares issued Value of sponsor shares issued Issued and outstanding shares percentage Sale of stock, price per share Convertible debt Repayments of related party debt Other receivables, net, current Payment for administrative services Aggregate principal amount Outstanding amount Debt conversion price Business acquisition, equity interest issued Business acquisition, share price Redeemed shares Non redemption aggregate shares Non redemption aggregate shares Non redemption aggregate share value Non redeeming share price Number of stock issued, value Share price Proceeds from initial public offering Deferred underwriting commission Representative shares issued, shares Schedule of Stock by Class [Table] Class of Stock [Line Items] Voting rights of common stock, description Temporary equity shares issued Temporary equity shares outstanding Common stock shares issued Common stock shares outstanding Conversion of common stock shares Sale of stock, number of shares issued in transaction Share subject to forfeiture Percentage of issued and outstanding shares Warrants outstanding Sale price per share Business combination description Warrants issued Deferred tax assets Start-up costs Net operating loss carryforwards Total deferred tax assets Valuation allowance Deferred tax assets, net of allowance Current Deferred Current Deferred Change in valuation allowance Income tax provision Statutory federal income tax rate State taxes, net of federal tax benefit Previous tax year adjustment Non-deductible transaction costs Other permanent items, net Change in valuation allowance Income tax provision Valuation allowance state net operating loss carryovers Schedule of Fair Value, off-Balance-Sheet Risks [Table] Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items] Investments held in Trust Account Subsequent Event [Table] Subsequent Event [Line Items] Redeemable warrants, each warrant exercisable for one share of class a common stock at an exercise price of $11.50 per share. Class A common stock, $0.0001 par value per share. Units, each consisting of one share of class A common stock and one redeemable warrant. Other stock issuance related costs. Percentage of fair market value of business acquisition to trust account balance. Post Business Combination [Member] Business combination initial public offering, description. Working capital. Convertible Promissory Note [Member] Affiliate Sponsor [Member] Franchise taxes payable current. Merger Agreement [Member] SBC Medical Group Holdings LLC [Member] Sponsor [Member] Non redeemption aggregate shares. A&R Merger Agreement [Member] Note Purchase Agreement [Member] Emerging Growth Company [Policy Text Block] Temporary equity issuance costs allocated to common stock. Temporary equity carrying amount redemption value. Public Warrants and Placement Warrants [Member] Disclosure of warrants. Disclosure of initial public offering. Public Warrant [Member] Private Placement [Text Block] Percentage of issued and outstanding shares after the initial public offering collectively held by initial stockholders. Promissory Note [Member] Administrative Support Agreement [Member] Franchise tax expenses. Non redemption aggregate shares. Non redemption aggregate share value. Underwriters [Member] Stock issued during period value representative shares. Stock issued during period shares representative shares. Adjustments to Additional paid in capital public warrant issued. Accretion of Class A common stock subject to redemption to redemption amount. Adjustments to additional paid in capital shareholders non redemption agreement. Adjustments to additional paid in capital shareholders non redemption agreement termination. Adjustments to additional paid in capital excise tax. Offering Costs [Policy Text Block] Deferred tax assets startup costs. Adjustments to additional paid in capital value of offering costs allocated to fair value of equity instruments. Increase decrease in accrued franchise taxes payable. Proceeds from sale of trust assets to pay expense. Proceeds from trust account for payment to redeeming shareholders. Payment to redeeming shareholders. Advance from Sponsor for Payment of Formation Costs. Excise tax related to redemption of class common stock. Shareholder non redemption agreement. Accretion of Class A common stock subject to redemption to redemption amount. Fair value of representative shares. Deferred underwriting fee payable. Merger agreement description. Fair value of non redemption aggregate shares. Assets, Current Assets Liabilities, Current Liabilities Equity, Attributable to Parent Liabilities and Equity Operating Income (Loss) Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest Income Tax Expense (Benefit) Shares, Outstanding AdjustmentsToAdditionalPaidInCapitalShareholdersNonRedemptionAgreementTermination AdjustmentsToAdditionalPaidInCapitalExciseTax AdjustmentsToAdditionalPaidInCapitalAccretionOfCommonStockSubjectToRedemptionToRedemptionAmount Increase (Decrease) in Prepaid Expense Increase (Decrease) in Accounts Payable Increase (Decrease) in Accrued Liabilities IncreaseDecreaseInAccruedFranchiseTaxesPayable Increase (Decrease) in Income Taxes Payable Net Cash Provided by (Used in) Operating Activities Payments for (Proceeds from) Investments ProceedsFromTrustAccountForPaymentToRedeemingShareholders Net Cash Provided by (Used in) Investing Activities PaymentToRedeemingShareholders Payments of Financing Costs Net Cash Provided by (Used in) Financing Activities Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations ShareholderNonredemptionAgreement DeferredUnderwritingFeePayable Cash and Cash Equivalents, Policy [Policy Text Block] WorkingCapital Proceeds from Issuance of Warrants Temporary Equity, Accretion to Redemption Value TemporaryEquityCarryingAmountRedemptionValue Net Income (Loss) Available to Common Stockholders, Basic Net Income (Loss) Available to Common Stockholders, Diluted FairValueOfNonRedemptionAggregateShares Deferred Tax Assets, Gross Deferred Tax Assets, Valuation Allowance Current State and Local Tax Expense (Benefit) Deferred State and Local Income Tax Expense (Benefit) Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount Effective Income Tax Rate Reconciliation, Percent EX-101.PRE 13 ptwo-20231231_pre.xml XBRL PRESENTATION FILE XML 15 R1.htm IDEA: XBRL DOCUMENT v3.24.1
Cover - USD ($)
 12 Months Ended
Dec. 31, 2023
Mar. 18, 2024
Jun. 30, 2023
Document Type 10-K    
Amendment Flag false    
Document Annual Report true    
Document Transition Report false    
Document Period End Date Dec. 31, 2023    
Document Fiscal Period Focus FY    
Document Fiscal Year Focus 2023    
Current Fiscal Year End Date --12-31    
Entity File Number 001-41462    
Entity Registrant Name PONO CAPITAL TWO, INC.    
Entity Central Index Key 0001930313    
Entity Tax Identification Number 88-1192288    
Entity Incorporation, State or Country Code DE    
Entity Address, Address Line One 643 Ilalo St. #102    
Entity Address, City or Town Honolulu    
Entity Address, State or Province HI    
Entity Address, Postal Zip Code 96813    
City Area Code (808)    
Local Phone Number 892-6611    
Entity Well-known Seasoned Issuer No    
Entity Voluntary Filers No    
Entity Current Reporting Status Yes    
Entity Interactive Data Current Yes    
Entity Filer Category Non-accelerated Filer    
Entity Small Business true    
Entity Emerging Growth Company true    
Elected Not To Use the Extended Transition Period false    
Entity Shell Company true    
Entity Public Float     $ 19,785,098
Documents Incorporated by Reference [Text Block] None    
ICFR Auditor Attestation Flag false    
Document Financial Statement Error Correction [Flag] false    
Auditor Firm ID 688    
Auditor Name Marcum LLP    
Auditor Location Boston, MA    
Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant      
Title of 12(b) Security Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant    
Trading Symbol PTWOU    
Security Exchange Name NASDAQ    
Class A Common Stock, $0.0001 par value per share      
Title of 12(b) Security Class A Common Stock, $0.0001 par value per share    
Trading Symbol PTWO    
Security Exchange Name NASDAQ    
Redeemable Warrants, each warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share      
Title of 12(b) Security Redeemable Warrants, each warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share    
Trading Symbol PTWOW    
Security Exchange Name NASDAQ    
Common Class A [Member]      
Entity Common Stock, Shares Outstanding   5,216,290  
Common Class B [Member]      
Entity Common Stock, Shares Outstanding   1  
XML 16 R2.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Current assets:    
Cash $ 284,394 $ 485,564
Prepaid expenses 110,149 236,625
Total Current Assets 394,543 722,189
Marketable securities held in Trust Account 20,850,793 119,220,016
Total Assets 21,245,336 119,942,205
Current liabilities:    
Accounts payable 43,910 79,440
Accrued expenses 480,050 76,420
Convertible Promissory Note 1,000,000
Franchise tax payable 72,978 161,644
Income tax payable 11,317 248,508
Excise tax payable 1,000,789
Total Current Liabilities 2,609,044 566,012
Deferred underwriting fee payable 4,025,000 4,025,000
Total Liabilities 6,634,044 4,591,012
Commitments and Contingencies (Note 6)  
Class A common stock subject to possible redemption, 1,922,750 and 11,500,000 shares at redemption value of $10.72 and $10.32 per share as of December 31, 2023 and 2022, respectively 20,606,204 118,709,864
Stockholders’ Deficit:    
Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding
Additional paid-in capital
Accumulated deficit (5,995,269) (3,359,028)
Total Stockholders’ Deficit (5,994,912) (3,358,671)
Total Liabilities and Stockholders’ Deficit 21,245,336 119,942,205
Common Class A [Member]    
Current liabilities:    
Class A common stock subject to possible redemption, 1,922,750 and 11,500,000 shares at redemption value of $10.72 and $10.32 per share as of December 31, 2023 and 2022, respectively 20,606,204 118,709,864
Stockholders’ Deficit:    
Common stock value 357 69
Common Class B [Member]    
Stockholders’ Deficit:    
Common stock value $ 288
XML 17 R3.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Balance Sheets (Parenthetical) - $ / shares
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Preferred stock, par value $ 0.0001 $ 0.0001
Preferred stock, shares authorized 1,000,000 1,000,000
Preferred stock, shares issued 0 0
Preferred stock, shares outstanding 0 0
Common Class A [Member]    
Common stock subject to possible redemption 1,922,750 11,500,000
Redemption of shares, par value $ 10.72 $ 10.32
Common stock, par value $ 0.0001 $ 0.0001
Common stock, shares authorized 100,000,000 100,000,000
Common stock, shares issued 3,566,874 [1] 691,875
Common stock, shares outstanding 3,566,874 [1] 691,875
Common Class A [Member] | Common Stock [Member]    
Common stock not subject to possible redemption 2,874,999  
Common Class B [Member]    
Common stock, par value $ 0.0001 $ 0.0001
Common stock, shares authorized 10,000,000 10,000,000
Common stock, shares issued 1 2,875,000
Common stock, shares outstanding 1 2,875,000
Common Class B [Member] | Common Stock [Member]    
Common stock not subject to possible redemption (2,874,999)  
[1] 2,874,999 converted Class B shares are not subject to possible redemption
XML 18 R4.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Operations - USD ($)
 10 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Operating and formation costs $ 382,051 $ 1,635,452
Franchise tax expense 161,644 137,379
Loss from Operations (543,695) (1,772,831)
Other Income:    
Interest and dividend income on investments held in Trust Account 1,345,016 2,641,407
Income before income taxes 801,321 868,576
Income tax expense (248,508) (528,809)
Net income $ 552,813 $ 339,767
Common Class A [Member]    
Other Income:    
Basic weighted average shares outstanding, Class B common stock 5,951,288 7,840,002
Basic net income per share, Class B common stock $ 0.06 $ 0.04
Diluted weighted average shares outstanding, Class B common stock 5,951,288 7,900,002
Diluted net income per share, Class B common stock $ 0.06 $ 0.04
Common Class B [Member]    
Other Income:    
Basic weighted average shares outstanding, Class B common stock 2,683,051 1,008,220
Basic net income per share, Class B common stock $ 0.06 $ 0.04
Diluted weighted average shares outstanding, Class B common stock 2,683,051 1,008,220
Diluted net income per share, Class B common stock $ 0.06 $ 0.04
XML 19 R5.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Changes in Stockholders' Deficit - USD ($)
Common Class A [Member]
Common Stock [Member]
Common Class B [Member]
Common Stock [Member]
Additional Paid-in Capital [Member]
Retained Earnings [Member]
Total
Balance at Mar. 10, 2022
Balance, shares at Mar. 10, 2022      
Accretion of Class A common stock subject to redemption to redemption amount (9,208,780) (3,911,841) (13,120,621)
Net income   552,813 552,813
Issuance of Class B common stock to Sponsor [1] $ 288 24,712 25,000
Issuance of Class B common stock to Sponsor, shares   2,875,000      
Issuance of Placement Units $ 63 6,343,687 6,343,750
Issuance of Placement Units, shares 634,375        
Issuance of Representative shares $ 6 67,269 $ 67,275
Issuance of Representative Shares, shares 57,500       57,500
Proceeds allocated to Public Warrants 2,978,500 $ 2,978,500
Value of offering costs allocated to the fair value of equity instruments (205,388) (205,388)
Balance at Dec. 31, 2022 $ 69 $ 288 (3,359,028) (3,358,671)
Balance, shares at Dec. 31, 2022 691,875 2,875,000      
Shareholder non-redemption agreement 709,691 709,691
Shareholder non-redemption agreement (709,691) (709,691)
Conversion of Class B common stock to Class A common stock $ 288 $ (288)
Conversion of Class B common stock to Class A common stock, shares 2,874,999 (2,874,999)      
Excise tax (1,000,789) (1,000,789)
Accretion of Class A common stock subject to redemption to redemption amount (1,975,219) (1,975,219)
Net income 339,767 339,767
Balance at Dec. 31, 2023 $ 357 $ (5,995,269) $ (5,994,912)
Balance, shares at Dec. 31, 2023 3,566,874 1      
[1] Includes up to 375,000 shares of Class B common stock subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). The underwriters exercised their over-allotment option in full on August 9, 2022; thus, no shares of common stock remain subject to forfeiture as of August 9, 2022 (see Note 5).
XML 20 R6.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Changes in Stockholders' Deficit (Parenthetical) - shares
 10 Months Ended
May 17, 2022
Dec. 31, 2022
Common Class B [Member] | Over-Allotment Option [Member]    
Share-based payment arrangement, forfeited 375,000 375,000
XML 21 R7.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Cash Flows - USD ($)
 10 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Cash Flows from Operating Activities:    
Net income $ 552,813 $ 339,767
Adjustments to reconcile net income to net cash used in operating activities:    
Interest and dividend income on investments held in Trust Account (1,345,016) (2,641,407)
Changes in operating assets and liabilities:    
Prepaid expenses (236,625) 126,476
Accounts payable 79,440 (35,530)
Accrued expenses 76,420 403,630
Franchise tax payable 161,644 (88,666)
Income tax payable 248,508 (237,191)
Net cash used in operating activities (462,816) (2,132,921)
Cash Flows from Investing Activities:    
Investment of cash in Trust Account (117,875,000)
Proceeds from Trust Account to pay taxes 931,751
Proceeds from Trust Account for payment to redeeming shareholders 100,078,879
Net cash provided by (used in) investing activities (117,875,000) 101,010,630
Cash Flows from Financing Activities:    
Proceeds from convertible promissory note 1,000,000
Payment to redeeming shareholders (100,078,879)
Proceeds from sale of private placement units 6,343,750  
Proceeds from issuance of Class B common stock to Sponsor 25,000
Proceeds from sale of Units, net of underwriting discount paid 113,045,000  
Proceeds from promissory note - related party 300,000
Repayment of Promissory note - related party (300,000)  
Advance from Sponsor for payment of formation costs 412
Repayment to Sponsor for payment of formation costs (412)
Payment of offering costs (590,370)
Net cash (used in) provided by financing activities 118,823,380 (99,078,879)
Net Change in Cash 485,564 (201,170)
Cash - Beginning of period 485,564
Cash - End of period 485,564 284,394
Supplemental disclosure of non-cash investing and financing activities:    
Excise tax related to redemption of Class A common stock 1,000,789
Shareholder non-redemption agreement 709,691
Accretion of Class A common stock subject to redemption to redemption amount 13,120,621 1,975,219
Fair value of Representative Shares 67,275
Deferred underwriting fee payable 4,025,000
Cash paid for income and franchise taxes $ 992,045
XML 22 R8.htm IDEA: XBRL DOCUMENT v3.24.1
DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN

NOTE 1. DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN

 

Pono Capital Two, Inc. (the “Company”) is a blank check company incorporated in Delaware on March 11, 2022. The Company was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a “business combination”). The Company is not limited to a particular industry or geographic region for purposes of consummating a business combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.

 

As of December 31, 2023, the Company had not commenced any operations. All activity for the period from March 11, 2022 (inception) through December 31, 2023 relates to the Company’s formation and initial public offering (“Initial Public Offering”) and subsequent costs related to completing a business combination. The Company will not generate any operating revenues until after the completion of a business combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year end.

 

The registration statement for the Company’s Initial Public Offering was declared effective on August 4, 2022. On August 9, 2022, the Company consummated the Initial Public Offering of 11,500,000 units, (the “Units” and, with respect to the Class A common stock included in the Units sold, the “Public Shares”), including 1,500,000 Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $115,000,000, which is discussed in Note 3.

 

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 634,375 units (the “Placement Units”) at a price of $10.00 per Placement Unit in a private placement to Mehana Capital LLC (the “Sponsor”), including 63,000 Placement Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $6,343,750, which is described in Note 4.

 

Following the closing of the Initial Public Offering on August 9, 2022, an amount of $117,875,000 ($10.25 per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Placement Units was placed in a trust account (the “Trust Account”), and will be invested only in U.S. government treasury obligations with maturities of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury obligations, until the earlier of: (i) the completion of a business combination and (ii) the distribution of the funds held in the Trust Account, as described below.

 

Transaction costs related to the issuances described above amounted to $6,637,645, consisting of $1,955,000 of cash underwriting fees, $4,025,000 of deferred underwriting fees and $67,275 of costs related to Representative Shares and $590,370 of other offering costs. In addition, at December 31, 2023, $284,394 of cash was held outside of the Trust Account and is available for working capital purposes.

 

On September 23, 2022, the Company announced that the holders of the Units may elect to separately trade the Public Shares and the Public Warrants (as defined in Note 3) commencing on September 26, 2022. Those Public Shares not separated will continue to trade on The Nasdaq Global Market under the symbol “PTWOU,” and the Class A Common Stock and warrants that are separated will trade on The Nasdaq Global Market under the symbols “PTWO” and “PTWOW,” respectively.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Placement Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a business combination. There is no assurance that the Company will be able to complete a business combination successfully. The Company must complete a business combination with one or more target businesses that together have an aggregate fair market value of at least 80% of the value of the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes payable on income earned on the Trust Account) at the time of the agreement to enter into an initial business combination. The Company will only complete a business combination if the post-transaction company owns or acquires 50% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”).

 

The Company will provide its holders of Public Shares (the “Public Stockholders”) with the opportunity to redeem all or a portion of their Public Shares upon the completion of a business combination either (i) in connection with a stockholder meeting called to approve the business combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval of a business combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Stockholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially $10.25 per Public Share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations). There will be no redemption rights upon the completion of a business combination with respect to the Company’s warrants. The Public Shares subject to redemption will be recorded at redemption value and classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480, Distinguishing Liabilities from Equity (“ASC 480”).

 

The Company will proceed with a business combination if the Company has net tangible assets of at least $5,000,001 upon consummation of such business combination and a majority of the shares voted are voted in favor of the business combination. If the Company seeks stockholder approval of a business combination and it does not conduct redemptions pursuant to the tender offer rules, the amended and restated certificate of incorporation (the “Amended and Restated Certificate of Incorporation”) provides that a Public Stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from seeking redemption rights with respect to 15% or more of the Public Shares without the Company’s prior written consent.

 

If a stockholder vote is not required and the Company does not decide to hold a stockholder vote for business or other legal reasons, the Company will offer such redemption pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information as would be included in a proxy statement with the SEC prior to completing a business combination.

 

The Sponsor has agreed (a) to vote its Class B common stock, the common stock included in the Placement Units and the Public Shares purchased in the Initial Public Offering in favor of a business combination, (b) not to propose an amendment to the Amended and Restated Certificate of Incorporation with respect to the Company’s pre-business combination activities prior to the consummation of a business combination unless the Company provides dissenting Public Stockholders with the opportunity to redeem their Public Shares in conjunction with any such amendment; (c) not to redeem any shares (including the Class B common stock) and Placement Units (including underlying securities) into the right to receive cash from the Trust Account in connection with a stockholder vote to approve a business combination (or to sell any shares in a tender offer in connection with a business combination if the Company does not seek stockholder approval in connection therewith) or a vote to amend the provisions of the Amended and Restated Certificate of Incorporation relating to stockholders’ rights of pre-business combination activity and (d) that the Class B common stock and Placement Units (including underlying securities) shall not participate in any liquidating distributions upon winding up if a business combination is not consummated. However, the Sponsor will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares purchased in the Initial Public Offering if the Company fails to complete its business combination.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Pursuant to the Third Amended and Restated Certificate of Incorporation of the Company, the Company had until 9 months (or up to 18 months from the closing of the Initial Public Offering at the election of the Company pursuant to nine one month extensions subject to satisfaction of certain conditions, including the deposit of $379,500 ($0.033 per unit) for such one month extension, into the Trust Account, or as extended by the Company’s stockholders in accordance with the Amended and Restated Certificate of Incorporation) from the closing of the Initial Public Offering to consummate a business combination (the “Combination Period”). On February 5, 2024, the Company filed an amendment to the Third Amended and Restated Certificate of Incorporation of the Company (i) to extend the Combination Period from February 9, 2023 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder If the Company is unable to complete a business combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Company’s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law. The underwriters have agreed to waive their rights to the deferred underwriting commission held in the Trust Account in the event the Company does not complete a business combination within the Combination Period and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering price per Unit ($10.00).

 

The Sponsor has agreed that it will be liable to the Company, if and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amounts in the Trust Account to below $10.25 per share, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). In the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (except for the Company’s independent registered accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Going Concern and Liquidity

 

As of December 31, 2023, the Company had $284,394 in cash held outside of the Trust Account, working capital deficit, net of income tax payable and franchise tax payable of $1,129,417 and accumulated deficit of $5,995,269. The Company has incurred and expects to continue to incur significant costs in pursuit of the Company’s financing and acquisition plans. For the year ended December 31, 2023, the Company had a loss from operations of $1,772,831 and net cash used in operating activities was $2,132,921. The Company’s liquidity needs to date have been further satisfied through a Convertible Promissory Note of $1,000,000 issued on May 26, 2023. The Company expects that it will need additional capital to satisfy its liquidity needs beyond the net proceeds from the consummation of the Initial Public Offering held outside of the Trust Account for paying existing accounts payable and consummating the Business Combination. Although certain of the Company’s initial stockholders, officers and directors or their affiliates have committed up to $1,500,000 Working Capital Loans (see Note 5) from time to time or at any time, there is no guarantee that the Company will receive such funds. In addition, the Company will have until November 9, 2024 to consummate a business combination. If a business combination is not consummated by November 9, 2024, less than one year after the date these consolidated financial statements are issued, there will be a mandatory liquidation and subsequent dissolution of the Company. Management has determined that the mandatory liquidation, along with the lack of liquidity, should a business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after November 9, 2024. The Company intends to complete the initial business combination before the mandatory liquidation date. However, there can be no assurance that the Company will be able to consummate any business combination by November 9, 2024.

 

Risks and Uncertainties

 

The military action commenced in February 2022 between the Russian Federation and Belarus in the country of Ukraine and related economic sanctions, as well as the military action between Hamas and Israel and the risk of escalations of other military conflicts have created and are expected to create global economic consequences. As a result, the Company’s ability to consummate a business combination, or the operations of a target business with which the Company ultimately consummates a business combination, may be materially and adversely affected. Further, the Company’s ability to consummate a transaction may be dependent on the ability to raise equity and debt financing which may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in third-party financing being unavailable on terms acceptable to the Company or at all. The impact of this action and related sanctions on the world economy and the specific impact on the Company’s financial position, results of operations and/or ability to consummate a business combination are not yet determinable. These consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

 

On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR Act provides for, among other things, a new U.S. federal 1% excise tax on certain repurchases of stock by publicly traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023 (the “Excise Tax”). The Excise Tax is imposed on the repurchasing corporation itself, not its shareholders from which shares are repurchased. The amount of the Excise Tax is generally 1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the Excise Tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the Excise Tax. The U.S. Department of the Treasury (the “Treasury”) has been given authority to provide regulations and other guidance to carry out and prevent the abuse or avoidance of the Excise Tax.

 

Any redemption or other repurchase that occurs on or after January 1, 2023, in connection with a business combination, votes relating to certain amendments to the Company’s Amended and Restated Certificate of Incorporation or otherwise, may be subject to the Excise Tax. Whether and to what extent the Company would be subject to the Excise Tax in connection with a business combination, votes relating to certain amendments to the Company’s Amended and Restated Certificate of Incorporation or otherwise would depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection with the business combination, extension or otherwise, (ii) the structure of a business combination, (iii) the nature and amount of any “PIPE” or other equity issuances in connection with a business combination (or otherwise issued not in connection with a business combination but issued within the same taxable year of a business combination) and (iv) the content of regulations and other guidance from the Treasury. The mechanics of any required payment of the Excise Tax have not been determined. The foregoing could cause a reduction in the cash available on hand to complete a business combination and in the Company’s ability to effect an extension of the time in which the Company must complete a business combination or complete a business combination.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Consideration of IR Act Excise Tax

 

On May 8, 2023, the Company’s stockholders redeemed 9,577,250 Class A shares for a total of $100,078,879. The Company evaluated the classification and accounting of the stock redemption under ASC 450, “Contingencies”. ASC 450 states that when a loss contingency exists the likelihood that the future events will confirm the loss or impairment of an asset or the incurrence of a liability can range from probable to remote. A contingent liability must be reviewed at each reporting period to determine appropriate treatment. The Company evaluated the current status and probability of completing a Business Combination as of December 31, 2023 and determined that a contingent liability should be calculated and recorded. As of December 31, 2023, the Company recorded $1,000,789 of excise tax liability calculated as 1% of shares redeemed.

 

Proposed Business Combination

 

On January 31, 2023, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Pono Two Merger Sub, Inc., a Delaware corporation incorporated in January 2023, and a wholly-owned subsidiary of the Company (“Merger Sub”), SBC Medical Group Holdings Incorporated, a Delaware corporation (“SBC”), Mehana Capital, LLC, in its capacity as Purchaser Representative, and Yoshiyuki Aikawa, in his capacity as Seller Representative.

 

Pursuant to the Merger Agreement, at the closing of the transactions contemplated by the Merger Agreement, Merger Sub will merge with and into SBC, with SBC continuing as the surviving corporation. The transactions contemplated by the Merger Agreement are referred to herein as the “Business Combination.”

 

As a condition to closing of the Business Combination, SBC will complete certain restructuring transactions pursuant to which SBC Medical Group Co., Ltd., a Japanese corporation (“SBC-Japan”) and certain related entities which carry on the business of SBC-Japan and such other related entities, will become subsidiaries of SBC.

 

As consideration for the Business Combination, the holders of SBC securities as of the closing of the Business Combination, collectively will be entitled to receive from the Company, in the aggregate, a number of the Company’s securities with an aggregate value equal to (a) $1,000,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination.

 

The Merger Consideration otherwise payable to SBC stockholders at the Closing is subject to a number of shares of Pono Class A common stock equal to three percent (3.0%) of the Merger Consideration being placed in escrow with an escrow agent to be agreed by the parties, for post-closing adjustments (if any) to the Merger Consideration.

 

The Merger Consideration is subject to adjustment after the Closing based on confirmed amounts of the Closing Net Indebtedness, Net Working Capital and transaction expenses as of the Closing Date. If the adjustment is a negative adjustment in favor of the Company, the escrow agent shall distribute to the Company a number of shares of the Company’s Class A common stock with a value equal to the absolute value of the adjustment amount. If the adjustment is a positive adjustment in favor of SBC, the Company will issue to the SBC stockholders an additional number of shares of the Company’s Class A common stock with a value equal to the adjustment amount.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

On April 26, 2023, the Company entered into an amendment to the Merger Agreement (the “Amendment”) with the other parties thereto. Prior to the Amendment, the Merger Agreement provided that the 1,200,000 newly issued shares of Class A Common Stock (“Sponsor Shares”) will be issued to the Sponsor on the date that is the earlier of (a) the six (6) month anniversary of the Closing or (b) the expiration of the “Founder Shares Lock-up Period” (as defined in the Company’s Insider Letter with the initial stockholders). Pursuant to the Amendment, the Sponsor in its sole discretion may direct the Company to issue all or a portion of the Sponsor Shares on an earlier or later date as it may determine, which date will not be earlier than the Closing. In addition, pursuant to the Amendment, the date by which (i) SBC will complete its agreed upon disclosure schedules, (ii) the Company will complete its due diligence review of SBC, and (iii) the parties to the Merger Agreement will agree upon any modifications or amendments to the Merger Agreement to the terms and conditions therein, among other related matters, was extended from April 28, 2023 to May 31, 2023. SBC also agreed to purchase, or to cause one of its Affiliates to purchase, equity in the Sponsor in an amount equal to $1,000,000, by way of a separate agreement. In the event that the parties failed to agree upon and execute the investment documents by May 5, 2023, then, for a period of two business days thereafter, either party could have terminated the Merger Agreement by providing written notice to the other party. In the event that the investment documents were agreed upon and executed by all parties by May 5, 2023, but SBC did not make payment for the investment on or before May 15, 2023, then, for a period of two business days thereafter, the Company could have terminated the Merger Agreement by providing written notice to SBC. Neither party provided notice of termination of the Merger Agreement within two business days as a result of failing to agree upon the investment documents by May 5, 2023.

 

On May 5, 2023, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to May 8, 2023. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from May 9, 2023 to February 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder (the “Extension Amendment”). The Company’s stockholders elected to redeem an aggregate of 9,577,250 shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account is approximately $20.0 million.

 

In connection with the Special Meeting, the Company and the Sponsor entered into non-redemption agreements with certain unaffiliated stockholders owning, in the aggregate, 998,682 shares of the Company’s Class A common stock, pursuant to which such stockholders agreed, among other things, not to redeem or exercise any right to redeem such public shares in connection with the Extension Amendment. In connection with the non-redemption agreements, the Sponsor agreed to transfer to the stockholders that entered into such agreements Sponsor Shares upon the consummation of the Company’s initial business combination.

 

On May 8, 2023, the Sponsor converted 2,874,999 Founder Shares of Class B common stock into 2,874,999 shares of Class A common stock, pursuant to the Third Amended and Restated Certificate of Incorporation of the Company.

 

On February 3, 2024, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to February 3, 2024. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from February 9, 2024 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder (the “Extension Amendment”). The Company’s stockholders elected to redeem an aggregate of 273,334 shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account is approximately $17.9 million.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

On February 27, 2024, the Company and SBC entered into an Amendment to the Note Purchase Agreement (the “Amended Note Purchase Agreement”), which increased the purchase price of the Note from $1,000,000 to $2,700,000. In connection with entering into the Amended Note Purchase Agreement, the Company and SBC amended the Note (the “Amended Note”) to increase the Principal Amount from $1,000,000 to $2,700,000. In consideration for entering into the Amended Note, each of the parties to the Merger Agreement agreed to release each other party from any claims arising out of any termination of the Merger Agreement or failure to consummate the transactions contemplated thereby.

 

Amended and Restated Merger Agreement

 

On June 21, 2023, the Company entered into an Amended and Restated Agreement and Plan of Merger (the “A&R Merger Agreement”) with the parties thereto. Prior to the A&R Merger Agreement, the Merger Agreement provided that by June 22, 2023: (i) SBC shall complete its agreed upon disclosure schedules, (ii) the Company shall complete its due diligence review of SBC, and (iii) the parties to the Original Agreement shall agree upon any modifications or amendments to the Original Agreement to the terms and conditions therein. The parties entered into the A&R Merger Agreement in connection with such requirements.

 

The A&R Merger Agreement revised the target companies to be directly or indirectly purchased by the Company following a restructuring of SBC’s corporate structure, to include only the Service Companies and Other Entities, and to no longer include the direct or indirect purchase of SBC’s Medical Corporations, and as a result, removed other references to the Medical Corporations, including the related representations and warranties, among others. Pursuant to the A&R Merger Agreement, the parties agreed that, following the date of the A&R Merger Agreement, SBC used its commercially reasonable efforts to complete its disclosure schedules and delivered them to the Company by August 31, 2023. Upon delivery of the disclosure schedules to the Company, the disclosure schedules were deemed to modify and supplement SBC’s representations and warranties set forth in the A&R Merger Agreement. The A&R Merger Agreement also extended the date by which the Closing shall occur from September 30, 2023 (subject to extension) to December 31, 2023. Pursuant to the A&R Merger Agreement, the parties also agreed that any future expenses incurred in connection with the extension of the time by which the Company must complete its initial business combination shall be borne entirely by the Company, which replaces and supersedes the prior requirement under the Original Agreement for the Company and SBC to share such expenses equally. See the Current Report on Form 8-K filed by the Company with the SEC on June 22, 2023 for additional details.

 

On September 8, 2023, Pono entered into the First Amendment to the A&R Merger Agreement (the “Amendment”) with the parties thereto. Prior to the Amendment, the A&R Merger Agreement provided for the holders of SBC securities collectively to be entitled to receive from Pono, in the aggregate, a number of Pono securities with an aggregate value equal to (the “Merger Consideration”) (a) $1,200,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination. Pursuant to the Amendment, the $1,200,000,000 amount in the Merger Consideration calculation above was reduced to $1,000,000,000.

 

On October 26, 2023, Pono entered into the Second Amendment to the Merger Agreement (the “Amendment”) with the parties thereto. Prior to the Amendment, the Pono board of directors as of the Closing was to be designated as follows: (i) three persons designated prior to the Closing by SBC, two of whom must qualify as independent directors; (ii) one person designated prior to the Closing by Pono; and (iii) one person mutually agreed upon and designated prior to the Closing by Pono and SBC, who must qualify as an independent director. Following the Amendment, the Pono board of directors as of the Closing will be designated as follows: (i) three persons designated prior to the Closing by SBC, at least one of whom must qualify as an independent director; (ii) one person designated prior to the Closing by Pono, who must qualify as an independent director; and (iii) one person mutually agreed upon and designated prior to the Closing by Pono and SBC, who must qualify as an independent director.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

On December 28, 2023, Pono entered into the Third Amendment to the Merger Agreement (the “Amendment”) with the parties thereto. The Amendment was entered into solely to extend the Outside Date (as defined in the Merger Agreement) from December 31, 2023 to March 31, 2024.

 
XML 23 R9.htm IDEA: XBRL DOCUMENT v3.24.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

NOTE 2. SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

 

Basis of Presentation

 

The accompanying consolidated financial statements of the Company are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC.

 

Principles of Consolidation

 

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany balances and transactions have been eliminated in consolidation.

 

Emerging Growth Company

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

 

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

 

Use of Estimates

 

The preparation of the consolidated financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting period.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ from those estimates.

 

Cash

 

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of December 31, 2023 and December 31, 2022.

 

Investments Held in Trust Account

 

As of December 31, 2023 and December 31, 2022, the assets held in the Trust Account were held in money market funds, which were invested in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as trading securities. Such trading securities are presented on the balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held in Trust Account are included in interest and dividend income on investments held in Trust Account in the accompanying statements of operations. The estimated fair values of investments held in the Trust Account are determined using available market information. The Company had $20,850,793 and $119,220,016 in investments held in the Trust Account as of December 31, 2023 and December 31, 2022, respectively.

 

Common Stock Subject to Possible Redemption

 

All of the Class A common stock sold as part of the Units in the Initial Public Offering contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s liquidation, if there is a stockholder vote or tender offer in connection with the business combination and in connection with certain amendments to the Company’s Amended and Restated Certificate of Incorporation. In accordance with ASC 480, conditionally redeemable Class A common stock (including shares of Class A common stock that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that currently, the Company will not redeem its Public Shares in an amount that would cause its net tangible assets (stockholders’ equity) to be less than $5,000,001. However, the threshold in its charter would not change the nature of the underlying shares as redeemable and thus Public Shares would be required to be disclosed outside of permanent equity. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable common stock to equal the redemption value at the end of each reporting period. Such changes are reflected in additional paid-in capital, or in the absence of additional paid-in capital, in accumulated deficit.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

As of December 31, 2023, the Class A common stock reflected in the balance sheets is reconciled in the following table:

 

      
Gross proceeds  $115,000,000 
Less:     
Proceeds allocated to Public Warrants   (2,978,500)
Issuance costs allocated to Class A common stock   (6,432,257)
Plus:     
Accretion of Class A common stock subject to redemption to redemption amount   13,120,621 
Class A common stock subject to possible redemption as of December 31, 2022   118,709,864 
Plus:     
Accretion of Class A common stock subject to redemption to redemption amount   1,975,219 
Redemption of Class A common stock subject to redemption   (100,078,879)
Class A common stock subject to possible redemption as of December 31, 2023  $20,606,204 

 

Income Taxes

 

The Company complies with the accounting and reporting requirements of Accounting Standards Codification (“ASC”) Topic 740 - Income Taxes (“ASC 740”) which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the unaudited condensed consolidated financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the unaudited condensed consolidated financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined the United States is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no unrecognized tax benefits as of December 31, 2023 and December 31, 2022 and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

 

Net Income Per Share

 

Net income per share is computed by dividing net income by the weighted-average number of shares outstanding during the period. Therefore, the income per share calculation allocates income shared pro rata between Class A and Class B common stock. As a result, the calculated net income per share is the same for Class A and Class B common stock. The Company has not considered the effect of the Public Warrants (as defined in Note 3) and Placement Warrants (as defined in Note 4), to purchase an aggregate of 12,134,375 shares in the calculation of income per share, since the exercise of the warrants is contingent upon the occurrence of future events. The 100,000 Class A Shares (as defined in Note 5) that would be issuable upon conversion of the Convertible Promissory Note have been included in the calculation of diluted net income per ordinary share.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

The following table reflects the calculation of basic and diluted net income per share:

 

    Class A    Class B    Class A    Class B 
   For the year ended
December 31, 2023		  

For the period from

March 11, 2022

(inception) through

December 31, 2022

 
    Class A    Class B    Class A    Class B 
Basic net income per share:                    
Numerator:                    
Net income  $301,052   $38,715   $381,031   $171,782 
Denominator:                    
Basic weighted average shares outstanding   7,840,002    1,008,220    5,951,288    2,683,051 
Basic net income per share  $0.04   $0.04   $0.06   $0.06 
                     
Diluted net income per share:                    
Numerator:                    
Net income  $301,313   $38,454   $381,031   $171,782 
Denominator:                    
Diluted weighted average shares outstanding   7,900,002    1,008,220    5,951,288    2,683,051 
Diluted net income per share  $0.04   $0.04   $0.06   $0.06 

 

Concentration of Credit Risk

 

Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

 

Fair Value of Financial Instruments

 

The Company applies ASC Topic 820, Fair Value Measurement (“ASC 820”), which establishes a framework for measuring fair value and clarifies the definition of fair value within that framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a liability in the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement date. The fair value hierarchy established in ASC 820 generally requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Observable inputs reflect the assumptions that market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the entity’s own assumptions based on market data and the entity’s judgments about the assumptions that market participants would use in pricing the asset or liability and are to be developed based on the best information available in the circumstances.

 

The carrying amounts reflected in the balance sheet for current assets and current liabilities approximate fair value due to their short-term nature. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

 

Level 1 — Assets and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement are observable inputs, such as quoted prices in active markets for identical assets or liabilities.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Level 2 — Inputs to the fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals.

 

Level 3 — Inputs to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market data exists for the assets or liabilities.

 

See Note 9 for additional information on assets measured at fair value.

 

Derivative Financial Instruments

 

The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, Derivatives and Hedging (“ASC 815”). For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the statement of operations. For derivative instruments that are classified as equity, the derivative instruments are initially measured at fair value (or allocated value), and subsequent changes in fair value are not recognized as long as the contracts continue to be classified in equity.

 

Warrants

 

The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815. The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own common stock, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding.

 

For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statement of operations.

 

The warrants are not precluded from equity classification, and are accounted for as such on the date of issuance, and each balance sheet date thereafter.

 

Offering Costs

 

The Company complies with the requirements of ASC Topic 340, Other Assets and Deferred Costs and SEC Staff Accounting Bulletin (“SAB”) Topic 5A-Expenses of Offering. Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering date that are directly related to the Initial Public Offering. The Company recorded offering costs as a reduction of temporary equity in connection with the warrants and shares.

 

Recent Accounting Standards

 

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires public entities to disclose consistent categories and greater disaggregation of information in the rate reconciliation and for income taxes paid. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The accounting pronouncement is not expected to have a material impact on our consolidated financial statements and related disclosures.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 
XML 24 R10.htm IDEA: XBRL DOCUMENT v3.24.1
INITIAL PUBLIC OFFERING
 12 Months Ended
Dec. 31, 2023
Initial Public Offering  
INITIAL PUBLIC OFFERING

NOTE 3. INITIAL PUBLIC OFFERING

 

The registration statement for the Company’s Initial Public Offering was declared effective on August 4, 2022. On August 9, 2022, the Company consummated the Initial Public Offering of 11,500,000 Units, including 1,500,000 Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $115,000,000. Each Unit consisted of one share of Class A common stock and one redeemable warrant (“Public Warrant”). Each Public Warrant entitles the holder to purchase one share of Class A common stock at an exercise price of $11.50 per whole share (see Note 7).

 
XML 25 R11.htm IDEA: XBRL DOCUMENT v3.24.1
PRIVATE PLACEMENT
 12 Months Ended
Dec. 31, 2023
Private Placement  
PRIVATE PLACEMENT

NOTE 4. PRIVATE PLACEMENT

 

Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of 634,375 Placement Units at a price of $10.00 per Placement Unit in a private placement to the Sponsor, including 63,000 Placement Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $6,343,750. Each Placement Unit consists of one share of Class A common stock (“Placement Share”) and one warrant (“Placement Warrant”). The proceeds from the sale of the Placement Units were added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a business combination within the Combination Period, the proceeds from the sale of the Placement Units held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Placement Units will expire worthless.

 
XML 26 R12.htm IDEA: XBRL DOCUMENT v3.24.1
RELATED PARTY TRANSACTIONS
 12 Months Ended
Dec. 31, 2023
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

NOTE 5. RELATED PARTY TRANSACTIONS

 

Founder Shares

 

On May 17, 2022, the Sponsor was issued 2,875,000 shares (the “Founder Shares”) of Class B common stock for an aggregate price of $25,000. The Founder Shares included an aggregate of up to 375,000 shares of Class B common stock subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment option was not exercised in full or in part, so that the Sponsor would own, on an as-converted basis, 20% of the Company’s issued and outstanding shares after the Initial Public Offering. The underwriters exercised the over-allotment option in full, so those shares are no longer subject to forfeiture.

 

The Sponsor has agreed not to transfer, assign or sell any of the Class B common stock (except to certain permitted transferees as disclosed herein) until, with respect to any of the Class B common stock, the earlier of (i) six months after the date of the consummation of a business combination, or (ii) the date on which the closing price of the Company’s common stock equals or exceeds $12.00 per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after a business combination, with respect to the remaining any of the Class B common stock, upon six months after the date of the consummation of a business combination, or earlier, in each case, if, subsequent to a business combination, the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their common stock for cash, securities or other property. On May 8, 2023, the Sponsor converted 2,874,999 Founder Shares of Class B common stock into 2,874,999 shares of Class A common stock, which shares include these same transfer restrictions.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Promissory Note - Related Party

 

On April 25, 2022, the Sponsor agreed to loan the Company an aggregate of up to $300,000 to cover expenses related to the Initial Public Offering pursuant to a promissory note (the “Promissory Note”). This loan is non-interest bearing and payable on the earlier of (i) March 31, 2023 or (ii) the date on which Company consummates the Initial Public Offering. Prior to the Initial Public Offering, the Company had borrowed $300,000 under the Promissory Note. The outstanding balance under the Promissory Note of $300,000 was repaid at the closing of the Initial Public Offering on August 9, 2022.

 

Administrative Support Agreement

 

The Company’s Sponsor has agreed, commencing from the date of the Initial Public Offering through the earlier of the Company’s consummation of a business combination and its liquidation, to make available to the Company certain general and administrative services, including office space, utilities and administrative services, as the Company may require from time to time. The Company has agreed to pay to Mehana Capital LLC, the Sponsor, $10,000 per month for these services to complete a business combination. For the year ended December 31, 2023, $120,000 was incurred and paid to Mehana Capital LLC for these services. For the period from March 11, 2022 (inception) through December 31, 2022, $50,000 was incurred and paid to Mehana Capital LLC for these services.

 

Convertible Promissory Note

 

On May 26, 2023, the Company entered into a Convertible Promissory Note with SBC, pursuant to which SBC agreed to loan the Company an aggregate principal of $1,000,000 (the “Convertible Promissory Note”). The Convertible Promissory Note is non-interest bearing and is due and payable upon the earlier to occur of (i) the first business day following the consummation of the Company’s initial Business Combination and (ii) May 17, 2024, unless accelerated upon the occurrence of an event of default. There is an outstanding balance of $1,000,000 for this SBC loan as of December 31, 2023. The Convertible Promissory Note will automatically convert into Class A Common Stock at one share for each $10 in outstanding principal amount. As of December 31, 2023 and December 31, 2022, the outstanding balance under the Convertible Promissory Note amounted to an aggregate of $1,000,000 and $0, respectively.

 

Related Party Loans

 

In order to finance transaction costs in connection with the initial business combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required. If the Company completes the initial business combination, the Company will repay such loaned amounts. In the event that the initial business combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay such loaned amounts, including the repayment of loans from the Sponsor to pay for any amount deposited to pay for any extension of the time to complete the initial business combination, but no proceeds from the Trust Account would be used for such repayment. Up to $1,500,000 of such loans may be convertible into Units, at a price of $10.00 per Unit at the option of the lender, upon consummation of the initial business combination. The Units would be identical to the Placement Units. The terms of such loans by the Company’s officers and directors, if any, have not been determined and no written agreements exist with respect to such loans. As of December 31, 2023 and December 31, 2022, the Company did not have any outstanding related party loans other than the Convertible Promissory Note referenced above.

 

Non-redemption Agreement

 

On May 5, 2023, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to May 8, 2023. On May 8, 2023, the Company held the Special Meeting. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from May 9, 2023 to February 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account, and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder. As approved by the stockholders of the Company, the Company filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on May 8, 2023. The Company’s stockholders elected to redeem an aggregate of 9,577,250 shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account was approximately $20 million.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

In connection with the Special Meeting, the Company and the Sponsor entered into non-redemption agreements with certain unaffiliated stockholders owning, in the aggregate, 998,682 shares of the Company’s Class A common stock, pursuant to which such stockholders agreed, among other things, not to redeem or exercise any right to redeem such public shares in connection with the Extension Amendment.

 

The Company estimated the aggregate fair value of the 339,565 Sponsor Shares attributable to the Non-Redeeming Stockholders to be $709,691 or $2.09 per share. Each Non-Redeeming Stockholder acquired from the Sponsor an indirect economic interest in the Sponsor Shares. The excess of the fair value of the Sponsor Shares was determined to be an offering cost in accordance with Staff Accounting Bulletin Topic 5A. Accordingly, in substance, it was recognized by the Company as a capital contribution by the Sponsor to induce these holders of the Class A shares not to redeem, with a corresponding charge to additional paid-in capital to recognize the fair value of the shares transferred as an offering cost.

 
XML 27 R13.htm IDEA: XBRL DOCUMENT v3.24.1
COMMITMENTS AND CONTINGENCIES
 12 Months Ended
Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]  
COMMITMENTS AND CONTINGENCIES

NOTE 6. COMMITMENTS AND CONTINGENCIES

 

Registration and Stockholder Rights Agreement

 

The holders of the Founder Shares and Placement Units (including securities contained therein) and Units (including securities contained therein) that may be issued upon conversion of working capital loans and extension loans, and any shares of Class A common stock issuable upon the exercise of the Placement Warrants and any shares of Class A common stock and warrants (and underlying Class A common stock) that may be issued upon conversion of the Units issued as part of the working capital loans and extension loans and Class A common stock issuable upon conversion of the Founder Shares, will be entitled to registration rights pursuant to a registration rights agreement signed on the effective date of the Initial Public Offering, requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to the Class A common stock). The holders of these securities are entitled to make up to two demands, excluding short form demands, that the Company registers such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of the initial business combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act.

 

Underwriting Agreement

 

Simultaneously with the Initial Public Offering, the underwriters fully exercised the over-allotment option to purchase an additional 1,500,000 Units at an offering price of $10.00 per Unit for an aggregate purchase price of $15,000,000.

 

The underwriters were paid a cash underwriting discount of $0.17 per Unit, or $1,955,000 in the aggregate, upon the closing of the Initial Public Offering. In addition, $0.35 per unit, or $4,025,000 in the aggregate will be payable to the underwriters for deferred underwriting commissions. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a business combination, subject to the terms of the underwriting agreement.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Representative Shares

 

Upon closing of the Initial Public Offering, the Company issued 57,500 shares of Class A common stock to the underwriters. The underwriters have agreed not to transfer, assign or sell the Representative Shares until the completion of the initial business combination. In addition, the underwriters have agreed (i) to waive their redemption rights with respect to the Representative Shares in connection with the completion of the initial business combination and (ii) to waive their rights to liquidating distributions from the Trust Account with respect to the Representative Shares if the Company fails to complete its initial business combination within 18 months from the closing of the Initial Public Offering.

 

The Representative Shares are subject to a lock-up for a period of 180 days immediately following the commencement of sales of the registration statement pursuant to Rule 5110(e)(1) of FINRA’s NASD Conduct Rules. Pursuant to FINRA Rule 5110(e)(1), these securities may not be sold, transferred, assigned, pledged or hypothecated or the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the effective date of the registration statement, nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately following the commencement of sales of the Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners, registered persons or affiliates or as otherwise permitted under Rule 5110(e)(2).

 

The initial measurement of the fair value of the Representative Shares was determined using the market approach to value the subject interest. Based on the indication of fair value using the market approach, the Company determined the fair value of the Representative Shares to be $1.17 per share or $67,275 (for the 57,500 Representative Shares issued) as of the date of the Initial Public Offering (which is also the grant date).

 

Right of First Refusal

 

For a period beginning on the closing of the Initial Public Offering and ending 12 months from the closing of a business combination, the Company has granted EF Hutton a right of first refusal to act as lead-left book running manager and lead left manager for any and all future private or public equity, convertible and debt offerings during such period. In accordance with FINRA Rule 5110(g)(3)(A)(i), such right of first refusal shall not have a duration of more than three years from the effective date of the registration statement.

 
XML 28 R14.htm IDEA: XBRL DOCUMENT v3.24.1
STOCKHOLDERS’ DEFICIT
 12 Months Ended
Dec. 31, 2023
Equity [Abstract]  
STOCKHOLDERS’ DEFICIT

NOTE 7. STOCKHOLDERS’ DEFICIT

 

Preferred stock — The Company is authorized to issue 1,000,000 shares of preferred stock with a par value of $0.0001 per share with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. As of December 31, 2023 and December 31, 2022, there were no shares of preferred stock issued or outstanding.

 

Class A common stock — The Company is authorized to issue 100,000,000 shares of Class A common stock with a par value of $0.0001 per share. Holders of the Company’s Class A common stock are entitled to one vote for each share. As of December 31, 2023 and December 31, 2022, there were 5,489,624 and 12,191,875 shares of Class A common stock issued and outstanding, including 1,922,750 and 11,500,000 shares of Class A common stock subject to possible redemption and classified as temporary equity. As of December 31, 2023 and December 31, 2022, the remaining 3,566,874 and 691,875 shares are classified as permanent equity and are comprised of 2,874,999 shares that were converted from Class B common stock into Class A common stock, 634,375 shares included in the Placement Units and 57,500 Representative Shares.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Class B common stock — The Company is authorized to issue 10,000,000 shares of Class B common stock with a par value of $0.0001 per share. Holders of Class B common stock are entitled to one vote for each share. As of December 31, 2023 and December 31, 2022, there were 1 and 2,875,000 shares of Class B common stock issued and outstanding, respectively. Of the 2,875,000 shares of Class B common stock outstanding as of December 31, 2022, up to 375,000 shares were subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full or in part, so that the initial stockholders would collectively own 20% of the Company’s issued and outstanding common stock after the Initial Public Offering. On August 9, 2022, the underwriters exercised the over-allotment option in full, so those shares are no longer subject to forfeiture.

 

The holders of record of the common stock are entitled to one vote for each share held on all matters to be voted on by stockholders. In connection with any vote held to approve the initial business combination, the insiders, officers and directors, have agreed to vote their respective shares of common stock acquired in the Initial Public Offering or following the Initial Public Offering in the open market, in favor of the proposed business combination.

 

Shares of Class B common stock shall be convertible into shares of Class A common stock on a one-for-one basis automatically on the closing of the business combination at a ratio for which the numerator shall be equal to the sum of 20% of all shares of Class A Common Stock issued and outstanding or issuable (upon the conversion or exercise of any Equity-linked Securities or otherwise) by the Company, related to or in connection with the consummation of the initial business combination (excluding any securities issued or issuable to any seller in the initial business combination, any Placement Warrants issued to the Sponsor or its affiliates upon conversion of loans to the Company) plus the number of shares of Class B Common Stock issued and outstanding prior to the closing of the initial business combination; and the denominator shall be the number of shares of Class B Common Stock issued and outstanding prior to the closing of the initial business combination.

 

On May 8, 2023, the Sponsor converted 2,874,999 Founder Shares of Class B common stock into 2,874,999 shares of Class A common stock.

 

Warrants — As of December 31, 2023 and December 31, 2022, there were 11,500,000 Public Warrants and 634,375 Placement Warrants outstanding. Each whole Public Warrant entitles the registered holder to purchase one share of Class A common stock at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing on the later of 12 months from the closing of the Initial Public Offering and 30 days after the completion of the initial business combination. Pursuant to the warrant agreement, a warrant holder may exercise its Public Warrants only for a whole number of shares of Class A common stock. No fractional Public Warrants will be issued upon separation of the units and only whole Public Warrants will trade. The Public Warrants will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.

 

The Company has agreed that as soon as practicable, but in no event later than 20 business days after the closing of the initial business combination, the Company will use its best efforts to file with the SEC a registration statement covering the shares of Class A common stock issuable upon exercise of the Public Warrants, to cause such registration statement to become effective and to maintain a current prospectus relating to those shares of Class A common stock until the Public Warrants expire or are redeemed, as specified in the warrant agreement. If a registration statement covering the shares of Class A common stock issuable upon exercise of the Public Warrants is not effective by the 60th business day after the closing of the initial business combination, Public Warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act; provided that such exemption is available. If that exemption, or another exemption, is not available, holders will not be able to exercise their Public Warrants on a cashless basis.

 

Once the Public Warrants become exercisable, the Company may call the Public Warrants for redemption:

 

  ● in whole and not in part;
     
  ● at a price of $0.01 per Public Warrant;

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

  ● upon not less than 30 days’ prior written notice of redemption given after the Public Warrants become exercisable (the “30-day redemption period”) to each Public Warrant holder; and
     
  ● if, and only if, the reported last sale price of the Class A common stock equals or exceeds $18.00 per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing once the Public Warrants become exercisable and ending three business days before the Company sends the notice of redemption to the Public Warrant holders.

 

If and when the Public Warrants become redeemable by the Company, the Company may not exercise the redemption right if the issuance of shares of common stock upon exercise of the Public Warrants is not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration or qualification.

 

In addition, if (x) the Company issues additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial business combination at a Newly Issued Price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial business combination on the date of the consummation of the initial business combination (net of redemptions), and (z) the market value is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price.

 

The Placement Warrants are identical to the Public Warrants except that, so long as they are held by the Sponsor or its permitted transferees, (i) they (including the Class A common stock issuable upon exercise of these Placement Warrants) may not, subject to certain limited exceptions, be transferred, assigned or sold by the Sponsor until 30 days after the completion of the initial business combination, and (ii) the holders thereof (including with respect to shares of Class A common stock issuable upon exercise of such Placement Warrants) are entitled to registration rights.

 

The Company accounts for the 12,134,375 warrants issued in connection with the Initial Public Offering (including 11,500,000 Public Warrants and 634,375 Placement Warrants) in accordance with the guidance contained in ASC 815-40. Such guidance provides that the warrants described above are not precluded from equity classification. Equity-classified contracts are initially measured at fair value (or allocated value). Subsequent changes in fair value are not recognized as long as the contracts continue to be classified in equity.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 
XML 29 R15.htm IDEA: XBRL DOCUMENT v3.24.1
INCOME TAXES
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
INCOME TAXES

NOTE 8. INCOME TAXES

 

The Company’s net deferred tax assets (liabilities) as of December 31, 2023 and 2022 are as follows:

 

   December 31, 2023   December 31, 2022 
Deferred tax assets          
Start-up costs  $318,746   $80,230 
Net operating loss carryforwards   15,119    — 
Total deferred tax assets   333,864    80,230 
Valuation allowance   (333,864)   (80,230)
Deferred tax assets, net of allowance  $—   $— 

 

The income tax provision for the year ended December 31, 2023 and 2022 consists of the following:

 

   December 31, 2023   December 31, 2022 
Federal        
Current  $528,809   $248,508 
Deferred   (176,665)   (80,230)
           
State          
Current   —    — 
Deferred   (76,969)   — 
Change in valuation allowance   253,634    80,230 
Income tax provision  $528,809   $248,508 

 

In assessing the realization of the deferred tax assets, management considers whether it is more likely than not that some portion of all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. After consideration of all of the information available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets and has therefore established a full valuation allowance. For the period ended December 31, 2023 and 2022 the change in the valuation allowance was $253,634 and $80,230, respectively.

 

As of December 31, 2023 and 2022, the Company has $299,023 and $0, respectively, of state net operating loss carryovers, which do not expire, to offset future taxable income.

 

A reconciliation of the federal income tax rate to the Company’s effective tax rate are as follows:

 

   December 31, 2023   December 31, 2022 
Statutory federal income tax rate   21.0%   21.0%
State taxes, net of federal tax benefit   (6.5)%   0.0%
Previous tax year adjustment   1.5%   —%
Non-deductible transaction costs   15.7%   —%
Other permanent items, net   —%   —%
Change in valuation allowance   29.2%   10.0%
Income tax provision   60.9%   31.0%

 

The Company files income tax returns in the U.S. federal and the state of Hawaii jurisdictions and is subject to examination by the taxing authorities.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 
XML 30 R16.htm IDEA: XBRL DOCUMENT v3.24.1
FAIR VALUE MEASUREMENTS
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
FAIR VALUE MEASUREMENTS

NOTE 9. FAIR VALUE MEASUREMENTS

 

The following table presents information about the Company’s financial assets that are measured at fair value on a recurring basis as of December 31, 2023 and December 31, 2022, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

 

Description 

Amount at
Fair Value

   Level 1   Level 2   Level 3 
December 31, 2023                
Assets                
Investments held in Trust Account:   —    —    —    — 
U.S. Treasury Securities  $20,850,793   $20,850,793   $—   $— 

 

Description 

Amount at Fair Value

   Level 1   Level 2   Level 3 
December 31, 2022                
Assets                
Investments held in Trust Account:   —    —    —    — 
U.S. Treasury Securities  $119,220,016   $119,220,016   $—   $— 

 
XML 31 R17.htm IDEA: XBRL DOCUMENT v3.24.1
SUBSEQUENT EVENTS
 12 Months Ended
Dec. 31, 2023
Subsequent Events [Abstract]  
SUBSEQUENT EVENTS

NOTE 10. SUBSEQUENT EVENTS

 

The Company has evaluated subsequent events and transactions that occurred after the consolidated balance sheet date up to the date that the consolidated financial statements were issued. Based upon this review, other than those subsequent events described below, the Company did not identify any other subsequent events that would have required adjustment or disclosure in the consolidated financial statements.

 

On January 11, 2024, Pono Capital Two, Inc., a Delaware corporation (the “Company” or “Pono”), filed an amended preliminary proxy statement with the U.S. Securities and Exchange Commission (“SEC”) in connection with the special meeting of stockholders. As more fully described in the proxy statement, the special meeting will be held for the purpose of considering and voting on a proposal to amend (the “Extension Amendment”) the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter”), to extend the date by which the Company has to consummate a business combination from February 9, 2024 to November 9, 2024.

 

In connection with the Extension Amendment, public stockholders may elect to redeem their shares for a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account established in connection with the Company’s initial public offering (the “Trust Account”), including interest not previously released to the Company to pay franchise and income taxes, divided by the number of then outstanding public shares. If the Extension Amendment is approved by the requisite vote of stockholders, the remaining holders of public shares will retain their right to redeem their public shares when the business combination is submitted to the stockholders, subject to any limitations set forth in the Charter, as amended by the Extension Amendment.

 

On January 11, 2024, the Company entered into a non-redemption agreement with an unaffiliated investor (the “Holder”) which agreed to acquire from public stockholders of the Company 1,500,000 to 1,700,000 shares of Class A common stock, par value $0.0001 per share, of the Company (“Common Stock”) in the open market, at a prices no higher than the redemption price per share payable to stockholders who exercise redemption rights in connection with the stockholder vote to approve the Company’s proposed business combination (“Business Combination”) with SBC Medical Group Holdings Incorporated, a Delaware corporation (the “Target”), prior to the stockholder meeting to vote on the Extension Amendment (the “Meeting Date”) and to agree to waive its redemption rights and hold the shares until after the closing of the Business Combination. In consideration of the Holder’s agreement to waive its redemption rights with respect to the shares, and subject to (i) the Holder acquiring 1,500,000 to 1,700,000 shares of Common Stock in the open market, and (ii) Holder’s satisfaction of its other obligations under the non-redemption agreement, the Company, on the closing date of the Business Combination, provided that Holder has continued to hold the Holder’s shares through the closing date, Target and Yoshiyuki Aikawa, the chief executive officer of the Target, shall cause to be issued or transferred to Holder a number of shares of Common Stock held by Dr. Aikawa (the “Incentive Shares”), which will equal one (1) Incentive Share for each public share purchased in the open market pursuant to the non-redemption agreement that is continuously owned by Holder until the closing date of the Business Combination. This non-redemption agreement terminates on the earliest to occur of (i) the closing date of the Business Combination, (ii) the termination of the related Business Combination Agreement, or (iii) April 30, 2024 (the “Clearance Date”) if the Company has not cleared all SEC comments to its proxy statement in connection with the Business Combination by that date. On March 15, 2024, the parties to the non-redemption agreement entered into an amendment to the non-redemption agreement to extend the Clearance Date to June 30, 2024, and to agree to close the business combination on or before August 31, 2024.

 

On February 3, 2024, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to February 3, 2024. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from February 9, 2024 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder (the “Extension Amendment”). The Company’s stockholders elected to redeem an aggregate of 273,334 shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account is approximately $17.9 million.

 

On February 27, 2024, the Company and SBC entered into an Amendment to the Note Purchase Agreement (the “Amended Note Purchase Agreement”), which increased the purchase price of the Note from $1,000,000 to $2,700,000. In connection with entering into the Amended Note Purchase Agreement, the Company and SBC amended the Note (the “Amended Note”) to increase the Principal Amount from $1,000,000 to $2,700,000. In consideration for entering into the Amended Note, each of the parties to the Merger Agreement agreed to release each other party from any claims arising out of any termination of the Merger Agreement or failure to consummate the transactions contemplated thereby.
XML 32 R18.htm IDEA: XBRL DOCUMENT v3.24.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
Basis of Presentation

Basis of Presentation

 

The accompanying consolidated financial statements of the Company are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC.

 
Principles of Consolidation

Principles of Consolidation

 

The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany balances and transactions have been eliminated in consolidation.

 
Emerging Growth Company

Emerging Growth Company

 

The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.

 

Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.

 
Use of Estimates

Use of Estimates

 

The preparation of the consolidated financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting period.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ from those estimates.

 
Cash

Cash

 

The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did not have any cash equivalents as of December 31, 2023 and December 31, 2022.

 
Investments Held in Trust Account

Investments Held in Trust Account

 

As of December 31, 2023 and December 31, 2022, the assets held in the Trust Account were held in money market funds, which were invested in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as trading securities. Such trading securities are presented on the balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held in Trust Account are included in interest and dividend income on investments held in Trust Account in the accompanying statements of operations. The estimated fair values of investments held in the Trust Account are determined using available market information. The Company had $20,850,793 and $119,220,016 in investments held in the Trust Account as of December 31, 2023 and December 31, 2022, respectively.

 
Common Stock Subject to Possible Redemption

Common Stock Subject to Possible Redemption

 

All of the Class A common stock sold as part of the Units in the Initial Public Offering contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s liquidation, if there is a stockholder vote or tender offer in connection with the business combination and in connection with certain amendments to the Company’s Amended and Restated Certificate of Incorporation. In accordance with ASC 480, conditionally redeemable Class A common stock (including shares of Class A common stock that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that currently, the Company will not redeem its Public Shares in an amount that would cause its net tangible assets (stockholders’ equity) to be less than $5,000,001. However, the threshold in its charter would not change the nature of the underlying shares as redeemable and thus Public Shares would be required to be disclosed outside of permanent equity. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable common stock to equal the redemption value at the end of each reporting period. Such changes are reflected in additional paid-in capital, or in the absence of additional paid-in capital, in accumulated deficit.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

As of December 31, 2023, the Class A common stock reflected in the balance sheets is reconciled in the following table:

 

      
Gross proceeds  $115,000,000 
Less:     
Proceeds allocated to Public Warrants   (2,978,500)
Issuance costs allocated to Class A common stock   (6,432,257)
Plus:     
Accretion of Class A common stock subject to redemption to redemption amount   13,120,621 
Class A common stock subject to possible redemption as of December 31, 2022   118,709,864 
Plus:     
Accretion of Class A common stock subject to redemption to redemption amount   1,975,219 
Redemption of Class A common stock subject to redemption   (100,078,879)
Class A common stock subject to possible redemption as of December 31, 2023  $20,606,204 

 
Income Taxes

Income Taxes

 

The Company complies with the accounting and reporting requirements of Accounting Standards Codification (“ASC”) Topic 740 - Income Taxes (“ASC 740”) which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the unaudited condensed consolidated financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the unaudited condensed consolidated financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined the United States is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no unrecognized tax benefits as of December 31, 2023 and December 31, 2022 and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.

 
Net Income Per Share

Net Income Per Share

 

Net income per share is computed by dividing net income by the weighted-average number of shares outstanding during the period. Therefore, the income per share calculation allocates income shared pro rata between Class A and Class B common stock. As a result, the calculated net income per share is the same for Class A and Class B common stock. The Company has not considered the effect of the Public Warrants (as defined in Note 3) and Placement Warrants (as defined in Note 4), to purchase an aggregate of 12,134,375 shares in the calculation of income per share, since the exercise of the warrants is contingent upon the occurrence of future events. The 100,000 Class A Shares (as defined in Note 5) that would be issuable upon conversion of the Convertible Promissory Note have been included in the calculation of diluted net income per ordinary share.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

The following table reflects the calculation of basic and diluted net income per share:

 

    Class A    Class B    Class A    Class B 
   For the year ended
December 31, 2023		  

For the period from

March 11, 2022

(inception) through

December 31, 2022

 
    Class A    Class B    Class A    Class B 
Basic net income per share:                    
Numerator:                    
Net income  $301,052   $38,715   $381,031   $171,782 
Denominator:                    
Basic weighted average shares outstanding   7,840,002    1,008,220    5,951,288    2,683,051 
Basic net income per share  $0.04   $0.04   $0.06   $0.06 
                     
Diluted net income per share:                    
Numerator:                    
Net income  $301,313   $38,454   $381,031   $171,782 
Denominator:                    
Diluted weighted average shares outstanding   7,900,002    1,008,220    5,951,288    2,683,051 
Diluted net income per share  $0.04   $0.04   $0.06   $0.06 

 
Concentration of Credit Risk

Concentration of Credit Risk

 

Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $250,000. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.

 
Fair Value of Financial Instruments

Fair Value of Financial Instruments

 

The Company applies ASC Topic 820, Fair Value Measurement (“ASC 820”), which establishes a framework for measuring fair value and clarifies the definition of fair value within that framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a liability in the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement date. The fair value hierarchy established in ASC 820 generally requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Observable inputs reflect the assumptions that market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the entity’s own assumptions based on market data and the entity’s judgments about the assumptions that market participants would use in pricing the asset or liability and are to be developed based on the best information available in the circumstances.

 

The carrying amounts reflected in the balance sheet for current assets and current liabilities approximate fair value due to their short-term nature. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:

 

Level 1 — Assets and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement are observable inputs, such as quoted prices in active markets for identical assets or liabilities.

 

 

PONO CAPITAL TWO, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

 

Level 2 — Inputs to the fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals.

 

Level 3 — Inputs to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market data exists for the assets or liabilities.

 

See Note 9 for additional information on assets measured at fair value.

 
Derivative Financial Instruments

Derivative Financial Instruments

 

The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, Derivatives and Hedging (“ASC 815”). For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the statement of operations. For derivative instruments that are classified as equity, the derivative instruments are initially measured at fair value (or allocated value), and subsequent changes in fair value are not recognized as long as the contracts continue to be classified in equity.

 
Warrants

Warrants

 

The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815. The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own common stock, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding.

 

For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statement of operations.

 

The warrants are not precluded from equity classification, and are accounted for as such on the date of issuance, and each balance sheet date thereafter.

 
Offering Costs

Offering Costs

 

The Company complies with the requirements of ASC Topic 340, Other Assets and Deferred Costs and SEC Staff Accounting Bulletin (“SAB”) Topic 5A-Expenses of Offering. Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering date that are directly related to the Initial Public Offering. The Company recorded offering costs as a reduction of temporary equity in connection with the warrants and shares.

 
Recent Accounting Standards

Recent Accounting Standards

 

In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires public entities to disclose consistent categories and greater disaggregation of information in the rate reconciliation and for income taxes paid. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The accounting pronouncement is not expected to have a material impact on our consolidated financial statements and related disclosures.
XML 33 R19.htm IDEA: XBRL DOCUMENT v3.24.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2023
Accounting Policies [Abstract]  
SCHEDULE OF REDEEMABLE CLASS A COMMON STOCK

As of December 31, 2023, the Class A common stock reflected in the balance sheets is reconciled in the following table:

 

      
Gross proceeds  $115,000,000 
Less:     
Proceeds allocated to Public Warrants   (2,978,500)
Issuance costs allocated to Class A common stock   (6,432,257)
Plus:     
Accretion of Class A common stock subject to redemption to redemption amount   13,120,621 
Class A common stock subject to possible redemption as of December 31, 2022   118,709,864 
Plus:     
Accretion of Class A common stock subject to redemption to redemption amount   1,975,219 
Redemption of Class A common stock subject to redemption   (100,078,879)
Class A common stock subject to possible redemption as of December 31, 2023  $20,606,204 
SCHEDULE OF BASIC AND DILUTED NET INCOME PER SHARE

The following table reflects the calculation of basic and diluted net income per share:

 

    Class A    Class B    Class A    Class B 
   For the year ended
December 31, 2023		  

For the period from

March 11, 2022

(inception) through

December 31, 2022

 
    Class A    Class B    Class A    Class B 
Basic net income per share:                    
Numerator:                    
Net income  $301,052   $38,715   $381,031   $171,782 
Denominator:                    
Basic weighted average shares outstanding   7,840,002    1,008,220    5,951,288    2,683,051 
Basic net income per share  $0.04   $0.04   $0.06   $0.06 
                     
Diluted net income per share:                    
Numerator:                    
Net income  $301,313   $38,454   $381,031   $171,782 
Denominator:                    
Diluted weighted average shares outstanding   7,900,002    1,008,220    5,951,288    2,683,051 
Diluted net income per share  $0.04   $0.04   $0.06   $0.06 
XML 34 R20.htm IDEA: XBRL DOCUMENT v3.24.1
INCOME TAXES (Tables)
 12 Months Ended
Dec. 31, 2023
Income Tax Disclosure [Abstract]  
SCHEDULE OF NET DEFERRED TAX ASSETS AND LIABILITIES

The Company’s net deferred tax assets (liabilities) as of December 31, 2023 and 2022 are as follows:

 

   December 31, 2023   December 31, 2022 
Deferred tax assets          
Start-up costs  $318,746   $80,230 
Net operating loss carryforwards   15,119    — 
Total deferred tax assets   333,864    80,230 
Valuation allowance   (333,864)   (80,230)
Deferred tax assets, net of allowance  $—   $— 
SCHEDULE OF INCOME TAX PROVISION

The income tax provision for the year ended December 31, 2023 and 2022 consists of the following:

 

   December 31, 2023   December 31, 2022 
Federal        
Current  $528,809   $248,508 
Deferred   (176,665)   (80,230)
           
State          
Current   —    — 
Deferred   (76,969)   — 
Change in valuation allowance   253,634    80,230 
Income tax provision  $528,809   $248,508 
SCHEDULE OF FEDERAL INCOME TAX RATE

A reconciliation of the federal income tax rate to the Company’s effective tax rate are as follows:

 

   December 31, 2023   December 31, 2022 
Statutory federal income tax rate   21.0%   21.0%
State taxes, net of federal tax benefit   (6.5)%   0.0%
Previous tax year adjustment   1.5%   —%
Non-deductible transaction costs   15.7%   —%
Other permanent items, net   —%   —%
Change in valuation allowance   29.2%   10.0%
Income tax provision   60.9%   31.0%
XML 35 R21.htm IDEA: XBRL DOCUMENT v3.24.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2023
Fair Value Disclosures [Abstract]  
SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS

 

Description 

Amount at
Fair Value

   Level 1   Level 2   Level 3 
December 31, 2023                
Assets                
Investments held in Trust Account:   —    —    —    — 
U.S. Treasury Securities  $20,850,793   $20,850,793   $—   $— 

 

Description 

Amount at Fair Value

   Level 1   Level 2   Level 3 
December 31, 2022                
Assets                
Investments held in Trust Account:   —    —    —    — 
U.S. Treasury Securities  $119,220,016   $119,220,016   $—   $— 
XML 36 R22.htm IDEA: XBRL DOCUMENT v3.24.1
DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN (Details Narrative) - USD ($)
 10 Months Ended 12 Months Ended
Feb. 03, 2024
Jan. 11, 2024
Sep. 08, 2023
Aug. 09, 2023
May 08, 2023
May 05, 2023
Apr. 26, 2023
Jan. 31, 2023
Aug. 09, 2022
May 17, 2022
Dec. 31, 2022
Dec. 31, 2023
Feb. 27, 2024
May 26, 2023
Property, Plant and Equipment [Line Items]                            
Entity Incorporation, Date of Incorporation                       Mar. 11, 2022    
Gross proceeds from private placement                     $ 6,343,750      
Shares issued price per share                       $ 1.17    
Payments of stock issuance costs                     412    
Representative shares issued, value                     67,275      
Cash                     485,564 284,394    
Working capital deficit                       1,129,417    
Accumulated deficit                     3,359,028 5,995,269    
Operating Income (Loss)                     543,695 1,772,831    
Net Cash Provided by (Used in) Operating Activities                     462,816 2,132,921    
Convertible promissory note payable                     1,000,000   $ 1,000,000
Shares redeemed value         $ 100,078,879                  
Excise tax liability                     1,000,789    
Remaining funds in the trust account                     119,220,016 $ 20,850,793    
Merger Agreement [Member] | Sponsor [Member]                            
Property, Plant and Equipment [Line Items]                            
Shares issued to sponsor             1,200,000              
Shares puchase to affiliates           $ 1,000,000                
Note Purchase Agreement [Member]                            
Property, Plant and Equipment [Line Items]                            
Convertible promissory note payable                           $ 1,000,000
Note Purchase Agreement [Member] | Subsequent Event [Member]                            
Property, Plant and Equipment [Line Items]                            
Convertible promissory note payable                         $ 2,700,000  
A&R Merger Agreement [Member]                            
Property, Plant and Equipment [Line Items]                            
Agreement description     the A&R Merger Agreement provided for the holders of SBC securities collectively to be entitled to receive from Pono, in the aggregate, a number of Pono securities with an aggregate value equal to (the “Merger Consideration”) (a) $1,200,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination. Pursuant to the Amendment, the $1,200,000,000 amount in the Merger Consideration calculation above was reduced to $1,000,000,000.                      
Post Business Combination [Member]                            
Property, Plant and Equipment [Line Items]                            
Business acquisition percentage                       50.00%    
Affiliate Sponsor [Member]                            
Property, Plant and Equipment [Line Items]                            
Business Acquisition, Equity Interest Issued or Issuable, Value Assigned                       $ 1,500,000    
SBC Medical Group Holdings LLC [Member] | Merger Agreement [Member]                            
Property, Plant and Equipment [Line Items]                            
Business combination, acquired receivables, description               (a) $1,000,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination.            
Minimum [Member]                            
Property, Plant and Equipment [Line Items]                            
Percentage of fair market value                       80.00%    
Business combination, recognized identifiable assets acquired                       $ 5,000,001    
Shares redeemed value                       $ 5,000,001    
Common Class A [Member]                            
Property, Plant and Equipment [Line Items]                            
Gross proceeds from initial public offering                     $ 115,000,000      
Sale of stock price per share                       $ 18.00    
Business combination initial public offering, description                       In addition, if (x) the Company issues additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial business combination at a Newly Issued Price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial business combination on the date of the consummation of the initial business combination (net of redemptions), and (z) the market value is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price.    
Aggregate redeemed shares         9,577,250                  
Remaining funds in the trust account         $ 20,000,000.0                  
Non redeemption aggregate shares         998,682                  
Common stock shares converted         2,874,999                  
Common Class A [Member] | Subsequent Event [Member]                            
Property, Plant and Equipment [Line Items]                            
Aggregate redeemed shares 273,334                          
Remaining funds in the trust account $ 17,900,000                          
Common Class A [Member] | Sponsor [Member]                            
Property, Plant and Equipment [Line Items]                            
Common stock shares converted         2,874,999                  
Common Class B [Member]                            
Property, Plant and Equipment [Line Items]                            
Sale of stock price per share                   $ 12.00        
Shares issued to sponsor                   2,875,000        
Common stock shares converted         2,874,999                  
Common Class B [Member] | Sponsor [Member]                            
Property, Plant and Equipment [Line Items]                            
Common stock shares converted         2,874,999                  
IPO [Member]                            
Property, Plant and Equipment [Line Items]                            
Number of shares issued                 1,500,000          
Sale of stock price per share                       $ 10.00    
Net Proceeds                 $ 117,875,000          
Shares issued price per share                 $ 10.25     $ 10.25    
Payments of stock issuance costs                 $ 6,637,645          
Payments for underwriting expense                 1,955,000          
Deferred offering costs                 4,025,000          
Representative shares issued, value       $ 67,275                    
Other stock issuance related costs                 $ 590,370          
Business combination initial public offering, description                       the Company had until 9 months (or up to 18 months from the closing of the Initial Public Offering at the election of the Company pursuant to nine one month extensions subject to satisfaction of certain conditions, including the deposit of $379,500 ($0.033 per unit) for such one month extension, into the Trust Account, or as extended by the Company’s stockholders in accordance with the Amended and Restated Certificate of Incorporation) from the closing of the Initial Public Offering to consummate a business combination (the “Combination Period”). On February 5, 2024, the Company filed an amendment to the Third Amended and Restated Certificate of Incorporation of the Company (i) to extend the Combination Period from February 9, 2023 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder If the Company is unable to complete a business combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Company’s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law.    
IPO [Member] | Subsequent Event [Member]                            
Property, Plant and Equipment [Line Items]                            
Number of shares issued   1,700,000                        
IPO [Member] | Common Class A [Member]                            
Property, Plant and Equipment [Line Items]                            
Number of shares issued                 11,500,000          
Over-Allotment Option [Member]                            
Property, Plant and Equipment [Line Items]                            
Number of shares issued                 63,000          
Gross proceeds from initial public offering                 $ 115,000,000          
Over-Allotment Option [Member] | Common Class A [Member]                            
Property, Plant and Equipment [Line Items]                            
Number of shares issued                 1,500,000          
Private Placement [Member]                            
Property, Plant and Equipment [Line Items]                            
Number of shares issued                 634,375     634,375    
Sale of stock price per share                 $ 10.00          
Gross proceeds from private placement                 $ 6,343,750          
XML 37 R23.htm IDEA: XBRL DOCUMENT v3.24.1
SCHEDULE OF REDEEMABLE CLASS A COMMON STOCK (Details) - USD ($)
 10 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Class A common stock subject to possible redemption   $ 118,709,864
Class A common stock subject to possible redemption $ 118,709,864 20,606,204
Common Class A [Member]    
Gross proceeds 115,000,000  
Proceeds allocated to Public Warrants (2,978,500)  
Issuance costs allocated to Class A common stock (6,432,257)  
Accretion of Class A common stock subject to redemption to redemption amount 13,120,621 1,975,219
Class A common stock subject to possible redemption   118,709,864
Accretion of Class A common stock subject to redemption to redemption amount   (100,078,879)
Class A common stock subject to possible redemption $ 118,709,864 $ 20,606,204
XML 38 R24.htm IDEA: XBRL DOCUMENT v3.24.1
SCHEDULE OF BASIC AND DILUTED NET INCOME PER SHARE (Details) - USD ($)
 10 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Common Class A [Member]    
Net income $ 381,031 $ 301,052
Basic weighted average shares outstanding 5,951,288 7,840,002
Basic net income per share $ 0.06 $ 0.04
Net income $ 381,031 $ 301,313
Diluted weighted average shares outstanding 5,951,288 7,900,002
Diluted net income per share $ 0.06 $ 0.04
Common Class B [Member]    
Net income $ 171,782 $ 38,715
Basic weighted average shares outstanding 2,683,051 1,008,220
Basic net income per share $ 0.06 $ 0.04
Net income $ 171,782 $ 38,454
Diluted weighted average shares outstanding 2,683,051 1,008,220
Diluted net income per share $ 0.06 $ 0.04
XML 39 R25.htm IDEA: XBRL DOCUMENT v3.24.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) - USD ($)
 12 Months Ended
May 08, 2023
Dec. 31, 2023
Dec. 31, 2022
Property, Plant and Equipment [Line Items]      
Cash equivalents   $ 0 $ 0
Investments held in trust account   $ 20,850,793 $ 119,220,016
Common stock subject to possible redemption $ 100,078,879    
Number of aggregate shares issued   12,134,375  
FDIC insured amount   $ 250,000  
Common Class A [Member]      
Property, Plant and Equipment [Line Items]      
Investments held in trust account $ 20,000,000.0    
Number of shares issued upon conversion   100,000  
Public Warrants and Placement Warrants [Member]      
Property, Plant and Equipment [Line Items]      
Number of aggregate shares issued   12,134,375  
Minimum [Member]      
Property, Plant and Equipment [Line Items]      
Common stock subject to possible redemption   $ 5,000,001  
XML 40 R26.htm IDEA: XBRL DOCUMENT v3.24.1
INITIAL PUBLIC OFFERING (Details Narrative) - USD ($)
 10 Months Ended
Aug. 09, 2022
Dec. 31, 2022
Dec. 31, 2023
Common Class A [Member]      
Gross proceeds from initial public offering   $ 115,000,000  
Class of warrant or right exercise price     $ 11.50
Common Class A [Member] | Public Warrant [Member]      
Class of warrant or right exercise price $ 11.50    
IPO [Member]      
Number of shares issued 1,500,000    
IPO [Member] | Common Class A [Member]      
Number of shares issued 11,500,000    
Over-Allotment Option [Member]      
Number of shares issued 63,000    
Gross proceeds from initial public offering $ 115,000,000    
Over-Allotment Option [Member] | Common Class A [Member]      
Number of shares issued 1,500,000    
XML 41 R27.htm IDEA: XBRL DOCUMENT v3.24.1
PRIVATE PLACEMENT (Details Narrative) - USD ($)
 10 Months Ended 12 Months Ended
Aug. 09, 2022
Dec. 31, 2022
Dec. 31, 2023
Subsidiary, Sale of Stock [Line Items]      
Gross proceeds from private placement   $ 6,343,750  
Private Placement [Member]      
Subsidiary, Sale of Stock [Line Items]      
Number of shares issued 634,375   634,375
Sale of stock price per share $ 10.00    
Gross proceeds from private placement $ 6,343,750    
Over-Allotment Option [Member]      
Subsidiary, Sale of Stock [Line Items]      
Number of shares issued 63,000    
XML 42 R28.htm IDEA: XBRL DOCUMENT v3.24.1
RELATED PARTY TRANSACTIONS (Details Narrative) - USD ($)
 10 Months Ended 12 Months Ended
May 08, 2023
Aug. 09, 2022
May 17, 2022
Apr. 25, 2022
Dec. 31, 2022
Dec. 31, 2023
May 26, 2023
Related Party Transaction [Line Items]              
Value of sponsor shares issued [1]         $ 25,000    
Proceeds from promissory note - related party         300,000  
Repayments of related party debt         300,000    
Aggregate principal amount         1,000,000 $ 1,000,000
Remaining funds in the trust account         119,220,016 20,850,793  
Non redemption aggregate shares 339,565            
Affiliate Sponsor [Member]              
Related Party Transaction [Line Items]              
Business acquisition, equity interest issued           $ 1,500,000  
Business acquisition, share price           $ 10.00  
Related Party [Member] | Administrative Support Agreement [Member]              
Related Party Transaction [Line Items]              
Other receivables, net, current           $ 10,000  
Payment for administrative services         50,000 120,000  
Convertible Promissory Note [Member]              
Related Party Transaction [Line Items]              
Aggregate principal amount             $ 1,000,000
Outstanding amount         $ 0 $ 1,000,000  
Convertible Promissory Note [Member] | Convertible Debt [Member]              
Related Party Transaction [Line Items]              
Debt conversion price           The Convertible Promissory Note will automatically convert into Class A Common Stock at one share for each $10 in outstanding principal amount  
IPO [Member]              
Related Party Transaction [Line Items]              
Sale of stock, price per share           $ 10.00  
IPO [Member] | Promissory Note [Member]              
Related Party Transaction [Line Items]              
Convertible debt       $ 300,000      
Repayments of related party debt   $ 300,000          
IPO [Member] | Promissory Note [Member] | Related Party [Member]              
Related Party Transaction [Line Items]              
Proceeds from promissory note - related party       $ 300,000      
Common Class B [Member]              
Related Party Transaction [Line Items]              
Sponsor shares issued     2,875,000        
Value of sponsor shares issued     $ 25,000        
Issued and outstanding shares percentage     20.00%     20.00%  
Sale of stock, price per share     $ 12.00        
Common stock shares converted 2,874,999            
Common Class B [Member] | Sponsor [Member]              
Related Party Transaction [Line Items]              
Common stock shares converted 2,874,999            
Common Class B [Member] | Over-Allotment Option [Member]              
Related Party Transaction [Line Items]              
Share-based payment arrangement, forfeited     375,000   375,000    
Common Class A [Member]              
Related Party Transaction [Line Items]              
Sale of stock, price per share           $ 18.00  
Common stock shares converted 2,874,999            
Redeemed shares 9,577,250            
Remaining funds in the trust account $ 20,000,000.0            
Non redemption aggregate shares 998,682            
Non redemption aggregate share value $ 709,691            
Non redeeming share price $ 2.09            
Common Class A [Member] | Sponsor [Member]              
Related Party Transaction [Line Items]              
Common stock shares converted 2,874,999            
[1] Includes up to 375,000 shares of Class B common stock subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). The underwriters exercised their over-allotment option in full on August 9, 2022; thus, no shares of common stock remain subject to forfeiture as of August 9, 2022 (see Note 5).
XML 43 R29.htm IDEA: XBRL DOCUMENT v3.24.1
COMMITMENTS AND CONTINGENCIES (Details Narrative) - USD ($)
 10 Months Ended 12 Months Ended
Aug. 09, 2023
Dec. 31, 2022
Dec. 31, 2023
May 08, 2023
Aug. 09, 2022
Subsidiary, Sale of Stock [Line Items]          
Shares issued price per share     $ 1.17    
Number of stock issued, value [1]   $ 25,000      
Representative shares issued, value   $ 67,275      
Representative shares issued, shares   57,500      
Common Class A [Member]          
Subsidiary, Sale of Stock [Line Items]          
Share price       $ 2.09  
Proceeds from initial public offering   $ 115,000,000      
Underwriters [Member]          
Subsidiary, Sale of Stock [Line Items]          
Share price     0.35    
IPO [Member]          
Subsidiary, Sale of Stock [Line Items]          
Shares issued price per share     $ 10.25   $ 10.25
Deferred underwriting commission         $ 4,025,000
Representative shares issued, value $ 67,275        
Representative shares issued, shares     57,500    
IPO [Member] | Underwriters [Member]          
Subsidiary, Sale of Stock [Line Items]          
Issuance of Class B common stock to Sponsor, shares     1,500,000    
Shares issued price per share     $ 10.00    
Number of stock issued, value     $ 15,000,000    
Share price     $ 0.17    
Proceeds from initial public offering     $ 1,955,000    
Deferred underwriting commission     $ 4,025,000    
IPO [Member] | Underwriters [Member] | Common Class A [Member]          
Subsidiary, Sale of Stock [Line Items]          
Issuance of Class B common stock to Sponsor, shares     57,500    
[1] Includes up to 375,000 shares of Class B common stock subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). The underwriters exercised their over-allotment option in full on August 9, 2022; thus, no shares of common stock remain subject to forfeiture as of August 9, 2022 (see Note 5).
XML 44 R30.htm IDEA: XBRL DOCUMENT v3.24.1
STOCKHOLDERS’ DEFICIT (Details Narrative) - USD ($)
 10 Months Ended 12 Months Ended
May 08, 2023
Aug. 09, 2022
May 17, 2022
Dec. 31, 2022
Dec. 31, 2023
Class of Stock [Line Items]          
Preferred stock, shares authorized       1,000,000 1,000,000
Preferred stock, par value       $ 0.0001 $ 0.0001
Preferred stock, shares issued       0 0
Preferred stock, shares outstanding       0 0
Representative shares issued, shares       57,500  
Warrants issued         12,134,375
Warrant [Member]          
Class of Stock [Line Items]          
Class of warrant or right exercise price         $ 0.01
Private Placement [Member]          
Class of Stock [Line Items]          
Sale of stock, number of shares issued in transaction   634,375     634,375
Warrants outstanding       $ 634,375  
Sale price per share   $ 10.00      
Warrants issued         634,375
IPO [Member]          
Class of Stock [Line Items]          
Sale of stock, number of shares issued in transaction   1,500,000      
Representative shares issued, shares         57,500
Warrants outstanding         $ 11,500,000
Sale price per share         $ 10.00
Business combination description         the Company had until 9 months (or up to 18 months from the closing of the Initial Public Offering at the election of the Company pursuant to nine one month extensions subject to satisfaction of certain conditions, including the deposit of $379,500 ($0.033 per unit) for such one month extension, into the Trust Account, or as extended by the Company’s stockholders in accordance with the Amended and Restated Certificate of Incorporation) from the closing of the Initial Public Offering to consummate a business combination (the “Combination Period”). On February 5, 2024, the Company filed an amendment to the Third Amended and Restated Certificate of Incorporation of the Company (i) to extend the Combination Period from February 9, 2023 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder If the Company is unable to complete a business combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Company’s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law.
Warrants issued         11,500,000
Over-Allotment Option [Member]          
Class of Stock [Line Items]          
Sale of stock, number of shares issued in transaction   63,000      
Common Class A [Member]          
Class of Stock [Line Items]          
Common stock, shares authorized       100,000,000 100,000,000
Common stock, par value       $ 0.0001 $ 0.0001
Voting rights of common stock, description         Holders of the Company’s Class A common stock are entitled to one vote for each share
Temporary equity shares issued       12,191,875 5,489,624
Temporary equity shares outstanding       12,191,875 5,489,624
Common stock subject to possible redemption       11,500,000 1,922,750
Common stock shares issued       691,875 3,566,874 [1]
Common stock shares outstanding       691,875 3,566,874 [1]
Conversion of common stock shares         2,874,999
Common stock not subject to possible redemption 2,874,999        
Class of warrant or right exercise price         $ 11.50
Sale price per share         $ 18.00
Business combination description         In addition, if (x) the Company issues additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial business combination at a Newly Issued Price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial business combination on the date of the consummation of the initial business combination (net of redemptions), and (z) the market value is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price.
Common Class A [Member] | IPO [Member]          
Class of Stock [Line Items]          
Sale of stock, number of shares issued in transaction   11,500,000      
Common Class A [Member] | Over-Allotment Option [Member]          
Class of Stock [Line Items]          
Sale of stock, number of shares issued in transaction   1,500,000      
Common Class B [Member]          
Class of Stock [Line Items]          
Common stock, shares authorized       10,000,000 10,000,000
Common stock, par value       $ 0.0001 $ 0.0001
Voting rights of common stock, description         Holders of Class B common stock are entitled to one vote for each share
Common stock shares issued       2,875,000 1
Common stock shares outstanding       2,875,000 1
Percentage of issued and outstanding shares     20.00%   20.00%
Common stock not subject to possible redemption 2,874,999        
Sale price per share     $ 12.00    
Common Class B [Member] | Over-Allotment Option [Member]          
Class of Stock [Line Items]          
Share subject to forfeiture     375,000 375,000  
[1] 2,874,999 converted Class B shares are not subject to possible redemption
XML 45 R31.htm IDEA: XBRL DOCUMENT v3.24.1
SCHEDULE OF NET DEFERRED TAX ASSETS AND LIABILITIES (Details) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Deferred tax assets    
Start-up costs $ 318,746 $ 80,230
Net operating loss carryforwards 15,119
Total deferred tax assets 333,864 80,230
Valuation allowance (333,864) (80,230)
Deferred tax assets, net of allowance
XML 46 R32.htm IDEA: XBRL DOCUMENT v3.24.1
SCHEDULE OF INCOME TAX PROVISION (Details) - USD ($)
 10 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Income Tax Disclosure [Abstract]    
Current $ 248,508 $ 528,809
Deferred (80,230) (176,665)
Current
Deferred (76,969)
Change in valuation allowance 80,230 253,634
Income tax provision $ 248,508 $ 528,809
XML 47 R33.htm IDEA: XBRL DOCUMENT v3.24.1
SCHEDULE OF FEDERAL INCOME TAX RATE (Details)
 10 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Income Tax Disclosure [Abstract]    
Statutory federal income tax rate 21.00% 21.00%
State taxes, net of federal tax benefit 0.00% (6.50%)
Previous tax year adjustment 1.50%
Non-deductible transaction costs 15.70%
Other permanent items, net
Change in valuation allowance 10.00% 29.20%
Income tax provision 31.00% 60.90%
XML 48 R34.htm IDEA: XBRL DOCUMENT v3.24.1
INCOME TAXES (Details Narrative) - USD ($)
 10 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2023
Income Tax Disclosure [Abstract]    
Valuation allowance $ 80,230 $ 253,634
state net operating loss carryovers $ 0 $ 299,023
XML 49 R35.htm IDEA: XBRL DOCUMENT v3.24.1
SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) - USD ($)
Dec. 31, 2023
Dec. 31, 2022
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]    
Investments held in Trust Account $ 20,850,793 $ 119,220,016
US Treasury Securities [Member]    
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]    
Investments held in Trust Account 20,850,793 119,220,016
US Treasury Securities [Member] | Fair Value, Inputs, Level 1 [Member]    
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]    
Investments held in Trust Account 20,850,793 119,220,016
US Treasury Securities [Member] | Fair Value, Inputs, Level 2 [Member]    
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]    
Investments held in Trust Account
US Treasury Securities [Member] | Fair Value, Inputs, Level 3 [Member]    
Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]    
Investments held in Trust Account
XML 50 R36.htm IDEA: XBRL DOCUMENT v3.24.1
SUBSEQUENT EVENTS (Details Narrative) - USD ($)
Feb. 03, 2024
Jan. 11, 2024
May 08, 2023
Aug. 09, 2022
Feb. 27, 2024
Dec. 31, 2023
May 26, 2023
Dec. 31, 2022
Subsequent Event [Line Items]                
Remaining funds in the trust account           $ 20,850,793   $ 119,220,016
Convertible promissory note payable           $ 1,000,000 $ 1,000,000
Note Purchase Agreement [Member]                
Subsequent Event [Line Items]                
Convertible promissory note payable             $ 1,000,000  
Common Class A [Member]                
Subsequent Event [Line Items]                
Common stock, par value           $ 0.0001   $ 0.0001
Aggregate redeemed shares     9,577,250          
Remaining funds in the trust account     $ 20,000,000.0          
Subsequent Event [Member] | Note Purchase Agreement [Member]                
Subsequent Event [Line Items]                
Convertible promissory note payable         $ 2,700,000      
Subsequent Event [Member] | Common Class A [Member]                
Subsequent Event [Line Items]                
Common stock, par value   $ 0.0001            
Aggregate redeemed shares 273,334              
Remaining funds in the trust account $ 17,900,000              
IPO [Member]                
Subsequent Event [Line Items]                
Sale of stock, number of shares issued in transaction       1,500,000        
IPO [Member] | Common Class A [Member]                
Subsequent Event [Line Items]                
Sale of stock, number of shares issued in transaction       11,500,000        
IPO [Member] | Subsequent Event [Member]                
Subsequent Event [Line Items]                
Sale of stock, number of shares issued in transaction   1,700,000            
EXCEL 51 Financial_Report.xlsx IDEA: XBRL DOCUMENT begin 644 Financial_Report.xlsx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end XML 52 Show.js IDEA: XBRL DOCUMENT // Edgar(tm) Renderer was created by staff of the U.S. Securities and Exchange Commission. Data and content created by government employees within the scope of their employment are not subject to domestic copyright protection. 17 U.S.C. 105. var Show={};Show.LastAR=null,Show.showAR=function(a,r,w){if(Show.LastAR)Show.hideAR();var e=a;while(e&&e.nodeName!='TABLE')e=e.nextSibling;if(!e||e.nodeName!='TABLE'){var ref=((window)?w.document:document).getElementById(r);if(ref){e=ref.cloneNode(!0); e.removeAttribute('id');a.parentNode.appendChild(e)}} if(e)e.style.display='block';Show.LastAR=e};Show.hideAR=function(){Show.LastAR.style.display='none'};Show.toggleNext=function(a){var e=a;while(e.nodeName!='DIV')e=e.nextSibling;if(!e.style){}else if(!e.style.display){}else{var d,p_;if(e.style.display=='none'){d='block';p='-'}else{d='none';p='+'} e.style.display=d;if(a.textContent){a.textContent=p+a.textContent.substring(1)}else{a.innerText=p+a.innerText.substring(1)}}} XML 53 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report table.authRefData .body { height: 150px; overflow: auto; width: 400px; } ..report table.authRefData table{ font-size: 1em; } /* Report Styles */ ..pl a, .pl a:visited { color: black; text-decoration: none; } /* table */ ..report { background-color: white; border: 2px solid #acf; clear: both; color: black; font: normal 8pt Helvetica, Arial, san-serif; margin-bottom: 2em; } ..report hr { border: 1px solid #acf; } /* Top labels */ ..report th { background-color: #acf; color: black; font-weight: bold; text-align: center; } ..report th.void { background-color: transparent; color: #000000; font: bold 10pt Helvetica, Arial, san-serif; text-align: left; } ..report .pl { text-align: left; vertical-align: top; white-space: normal; width: 200px; white-space: normal; /* word-wrap: break-word; */ } ..report td.pl a.a { cursor: pointer; display: block; width: 200px; overflow: hidden; } ..report td.pl div.a { width: 200px; } ..report td.pl a:hover { background-color: #ffc; } /* Header rows... */ ..report tr.rh { background-color: #acf; color: black; font-weight: bold; } /* Calendars... */ ..report .rc { background-color: #f0f0f0; } /* Even rows... */ ..report .re, .report .reu { background-color: #def; } ..report .reu td { border-bottom: 1px solid black; } /* Odd rows... */ ..report .ro, .report .rou { background-color: white; } ..report .rou td { border-bottom: 1px solid black; } ..report .rou table td, .report .reu table td { border-bottom: 0px solid black; } /* styles for footnote marker */ ..report .fn { white-space: nowrap; } /* styles for numeric types */ ..report .num, .report .nump { text-align: right; white-space: nowrap; } ..report .nump { padding-left: 2em; } ..report .nump { padding: 0px 0.4em 0px 2em; } /* styles for text types */ ..report .text { text-align: left; white-space: normal; } ..report .text .big { margin-bottom: 1em; width: 17em; } ..report .text .more { display: none; } ..report .text .note { font-style: italic; font-weight: bold; } ..report .text .small { width: 10em; } ..report sup { font-style: italic; } ..report .outerFootnotes { font-size: 1em; } XML 55 FilingSummary.xml IDEA: XBRL DOCUMENT 3.24.1 html 102 225 1 true 33 0 false 4 false false R1.htm 00000001 - Document - Cover Sheet http://ponocorp.com/role/Cover Cover Cover 1 false false R2.htm 00000002 - Statement - Consolidated Balance Sheets Sheet http://ponocorp.com/role/BalanceSheets Consolidated Balance Sheets Statements 2 false false R3.htm 00000003 - Statement - Consolidated Balance Sheets (Parenthetical) Sheet http://ponocorp.com/role/BalanceSheetsParenthetical Consolidated Balance Sheets (Parenthetical) Statements 3 false false R4.htm 00000004 - Statement - Consolidated Statements of Operations Sheet http://ponocorp.com/role/StatementsOfOperations Consolidated Statements of Operations Statements 4 false false R5.htm 00000005 - Statement - Consolidated Statements of Changes in Stockholders' Deficit Sheet http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit Consolidated Statements of Changes in Stockholders' Deficit Statements 5 false false R6.htm 00000006 - Statement - Consolidated Statements of Changes in Stockholders' Deficit (Parenthetical) Sheet http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficitParenthetical Consolidated Statements of Changes in Stockholders' Deficit (Parenthetical) Statements 6 false false R7.htm 00000007 - Statement - Consolidated Statements of Cash Flows Sheet http://ponocorp.com/role/StatementsOfCashFlows Consolidated Statements of Cash Flows Statements 7 false false R8.htm 00000008 - Disclosure - DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN Sheet http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcern DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN Notes 8 false false R9.htm 00000009 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Sheet http://ponocorp.com/role/SummaryOfSignificantAccountingPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Notes 9 false false R10.htm 00000010 - Disclosure - INITIAL PUBLIC OFFERING Sheet http://ponocorp.com/role/InitialPublicOffering INITIAL PUBLIC OFFERING Notes 10 false false R11.htm 00000011 - Disclosure - PRIVATE PLACEMENT Sheet http://ponocorp.com/role/PrivatePlacement PRIVATE PLACEMENT Notes 11 false false R12.htm 00000012 - Disclosure - RELATED PARTY TRANSACTIONS Sheet http://ponocorp.com/role/RelatedPartyTransactions RELATED PARTY TRANSACTIONS Notes 12 false false R13.htm 00000013 - Disclosure - COMMITMENTS AND CONTINGENCIES Sheet http://ponocorp.com/role/CommitmentsAndContingencies COMMITMENTS AND CONTINGENCIES Notes 13 false false R14.htm 00000014 - Disclosure - STOCKHOLDERS??? DEFICIT Sheet http://ponocorp.com/role/StockholdersDeficit STOCKHOLDERS??? DEFICIT Notes 14 false false R15.htm 00000015 - Disclosure - INCOME TAXES Sheet http://ponocorp.com/role/IncomeTaxes INCOME TAXES Notes 15 false false R16.htm 00000016 - Disclosure - FAIR VALUE MEASUREMENTS Sheet http://ponocorp.com/role/FairValueMeasurements FAIR VALUE MEASUREMENTS Notes 16 false false R17.htm 00000017 - Disclosure - SUBSEQUENT EVENTS Sheet http://ponocorp.com/role/SubsequentEvents SUBSEQUENT EVENTS Notes 17 false false R18.htm 00000018 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Sheet http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies) Policies 18 false false R19.htm 00000019 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Sheet http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesTables SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) Tables http://ponocorp.com/role/SummaryOfSignificantAccountingPolicies 19 false false R20.htm 00000020 - Disclosure - INCOME TAXES (Tables) Sheet http://ponocorp.com/role/IncomeTaxesTables INCOME TAXES (Tables) Tables http://ponocorp.com/role/IncomeTaxes 20 false false R21.htm 00000021 - Disclosure - FAIR VALUE MEASUREMENTS (Tables) Sheet http://ponocorp.com/role/FairValueMeasurementsTables FAIR VALUE MEASUREMENTS (Tables) Tables http://ponocorp.com/role/FairValueMeasurements 21 false false R22.htm 00000022 - Disclosure - DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN (Details Narrative) Sheet http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN (Details Narrative) Details http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcern 22 false false R23.htm 00000023 - Disclosure - SCHEDULE OF REDEEMABLE CLASS A COMMON STOCK (Details) Sheet http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails SCHEDULE OF REDEEMABLE CLASS A COMMON STOCK (Details) Details 23 false false R24.htm 00000024 - Disclosure - SCHEDULE OF BASIC AND DILUTED NET INCOME PER SHARE (Details) Sheet http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails SCHEDULE OF BASIC AND DILUTED NET INCOME PER SHARE (Details) Details 24 false false R25.htm 00000025 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) Sheet http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) Details http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesTables 25 false false R26.htm 00000026 - Disclosure - INITIAL PUBLIC OFFERING (Details Narrative) Sheet http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative INITIAL PUBLIC OFFERING (Details Narrative) Details http://ponocorp.com/role/InitialPublicOffering 26 false false R27.htm 00000027 - Disclosure - PRIVATE PLACEMENT (Details Narrative) Sheet http://ponocorp.com/role/PrivatePlacementDetailsNarrative PRIVATE PLACEMENT (Details Narrative) Details http://ponocorp.com/role/PrivatePlacement 27 false false R28.htm 00000028 - Disclosure - RELATED PARTY TRANSACTIONS (Details Narrative) Sheet http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative RELATED PARTY TRANSACTIONS (Details Narrative) Details http://ponocorp.com/role/RelatedPartyTransactions 28 false false R29.htm 00000029 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details Narrative) Sheet http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative COMMITMENTS AND CONTINGENCIES (Details Narrative) Details http://ponocorp.com/role/CommitmentsAndContingencies 29 false false R30.htm 00000030 - Disclosure - STOCKHOLDERS??? DEFICIT (Details Narrative) Sheet http://ponocorp.com/role/StockholdersDeficitDetailsNarrative STOCKHOLDERS??? DEFICIT (Details Narrative) Details http://ponocorp.com/role/StockholdersDeficit 30 false false R31.htm 00000031 - Disclosure - SCHEDULE OF NET DEFERRED TAX ASSETS AND LIABILITIES (Details) Sheet http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails SCHEDULE OF NET DEFERRED TAX ASSETS AND LIABILITIES (Details) Details 31 false false R32.htm 00000032 - Disclosure - SCHEDULE OF INCOME TAX PROVISION (Details) Sheet http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails SCHEDULE OF INCOME TAX PROVISION (Details) Details 32 false false R33.htm 00000033 - Disclosure - SCHEDULE OF FEDERAL INCOME TAX RATE (Details) Sheet http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails SCHEDULE OF FEDERAL INCOME TAX RATE (Details) Details 33 false false R34.htm 00000034 - Disclosure - INCOME TAXES (Details Narrative) Sheet http://ponocorp.com/role/IncomeTaxesDetailsNarrative INCOME TAXES (Details Narrative) Details http://ponocorp.com/role/IncomeTaxesTables 34 false false R35.htm 00000035 - Disclosure - SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) Sheet http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) Details 35 false false R36.htm 00000036 - Disclosure - SUBSEQUENT EVENTS (Details Narrative) Sheet http://ponocorp.com/role/SubsequentEventsDetailsNarrative SUBSEQUENT EVENTS (Details Narrative) Details http://ponocorp.com/role/SubsequentEvents 36 false false All Reports Book All Reports form10-k.htm ptwo-20231231.xsd ptwo-20231231_cal.xml ptwo-20231231_def.xml ptwo-20231231_lab.xml ptwo-20231231_pre.xml http://fasb.org/us-gaap/2023 http://xbrl.sec.gov/dei/2023 true true JSON 57 MetaLinks.json IDEA: XBRL DOCUMENT { "version": "2.2", "instance": { "form10-k.htm": { "nsprefix": "PTWO", "nsuri": "http://ponocorp.com/20231231", "dts": { "inline": { "local": [ "form10-k.htm" ] }, "schema": { "local": [ "ptwo-20231231.xsd" ], "remote": [ "http://www.xbrl.org/2003/xbrl-instance-2003-12-31.xsd", "http://www.xbrl.org/2003/xbrl-linkbase-2003-12-31.xsd", "http://www.xbrl.org/2003/xl-2003-12-31.xsd", "http://www.xbrl.org/2003/xlink-2003-12-31.xsd", "http://www.xbrl.org/2005/xbrldt-2005.xsd", "http://www.xbrl.org/2006/ref-2006-02-27.xsd", "http://www.xbrl.org/lrr/role/negated-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/net-2009-12-16.xsd", "http://www.xbrl.org/lrr/role/reference-2009-12-16.xsd", "https://www.xbrl.org/2020/extensible-enumerations-2.0.xsd", "https://www.xbrl.org/dtr/type/2020-01-21/types.xsd", "https://www.xbrl.org/dtr/type/2022-03-31/types.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-2023.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-roles-2023.xsd", "https://xbrl.fasb.org/srt/2023/elts/srt-types-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-gaap-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-roles-2023.xsd", "https://xbrl.fasb.org/us-gaap/2023/elts/us-types-2023.xsd", "https://xbrl.sec.gov/country/2023/country-2023.xsd", "https://xbrl.sec.gov/dei/2023/dei-2023.xsd" ] }, "calculationLink": { "local": [ "ptwo-20231231_cal.xml" ] }, "definitionLink": { "local": [ "ptwo-20231231_def.xml" ] }, "labelLink": { "local": [ "ptwo-20231231_lab.xml" ] }, "presentationLink": { "local": [ "ptwo-20231231_pre.xml" ] } }, "keyStandard": 187, "keyCustom": 38, "axisStandard": 14, "axisCustom": 0, "memberStandard": 17, "memberCustom": 16, "hidden": { "total": 95, "http://fasb.org/us-gaap/2023": 62, "http://ponocorp.com/20231231": 30, "http://xbrl.sec.gov/dei/2023": 3 }, "contextCount": 102, "entityCount": 1, "segmentCount": 33, "elementCount": 351, "unitCount": 4, "baseTaxonomies": { "http://fasb.org/us-gaap/2023": 456, "http://xbrl.sec.gov/dei/2023": 47 }, "report": { "R1": { "role": "http://ponocorp.com/role/Cover", "longName": "00000001 - Document - Cover", "shortName": "Cover", "isDefault": "true", "groupType": "document", "subGroupType": "", "menuCat": "Cover", "order": "1", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "b", "span", "p", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "dei:DocumentType", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "b", "span", "p", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R2": { "role": "http://ponocorp.com/role/BalanceSheets", "longName": "00000002 - Statement - Consolidated Balance Sheets", "shortName": "Consolidated Balance Sheets", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "2", "firstAnchor": { "contextRef": "AsOf2023-12-31", "name": "us-gaap:Cash", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": { "contextRef": "AsOf2023-12-31", "name": "us-gaap:PrepaidExpenseCurrent", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "unique": true } }, "R3": { "role": "http://ponocorp.com/role/BalanceSheetsParenthetical", "longName": "00000003 - Statement - Consolidated Balance Sheets (Parenthetical)", "shortName": "Consolidated Balance Sheets (Parenthetical)", "isDefault": "false", "groupType": "statement", "subGroupType": "parenthetical", "menuCat": "Statements", "order": "3", "firstAnchor": { "contextRef": "AsOf2023-12-31", "name": "us-gaap:PreferredStockParOrStatedValuePerShare", "unitRef": "USDPShares", "xsiNil": "false", "lang": null, "decimals": "INF", "ancestors": [ "span", "span", "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": { "contextRef": "AsOf2023-12-31_us-gaap_CommonClassAMember", "name": "us-gaap:TemporaryEquityRedemptionPricePerShare", "unitRef": "USDPShares", "xsiNil": "false", "lang": null, "decimals": "INF", "ancestors": [ "span", "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "unique": true } }, "R4": { "role": "http://ponocorp.com/role/StatementsOfOperations", "longName": "00000004 - Statement - Consolidated Statements of Operations", "shortName": "Consolidated Statements of Operations", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "4", "firstAnchor": { "contextRef": "From2022-03-112022-12-31", "name": "us-gaap:OperatingExpenses", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2022-03-112022-12-31", "name": "us-gaap:OperatingExpenses", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R5": { "role": "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit", "longName": "00000005 - Statement - Consolidated Statements of Changes in Stockholders' Deficit", "shortName": "Consolidated Statements of Changes in Stockholders' Deficit", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "5", "firstAnchor": { "contextRef": "From2022-03-112022-12-31_us-gaap_AdditionalPaidInCapitalMember", "name": "PTWO:AdjustmentsToAdditionalPaidInCapitalAccretionOfCommonStockSubjectToRedemptionToRedemptionAmount", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2022-03-112022-12-31_us-gaap_AdditionalPaidInCapitalMember", "name": "PTWO:AdjustmentsToAdditionalPaidInCapitalAccretionOfCommonStockSubjectToRedemptionToRedemptionAmount", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R6": { "role": "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficitParenthetical", "longName": "00000006 - Statement - Consolidated Statements of Changes in Stockholders' Deficit (Parenthetical)", "shortName": "Consolidated Statements of Changes in Stockholders' Deficit (Parenthetical)", "isDefault": "false", "groupType": "statement", "subGroupType": "parenthetical", "menuCat": "Statements", "order": "6", "firstAnchor": { "contextRef": "From2022-05-172022-05-17_us-gaap_CommonClassBMember_us-gaap_OverAllotmentOptionMember", "name": "us-gaap:StockIssuedDuringPeriodSharesShareBasedCompensationForfeited", "unitRef": "Shares", "xsiNil": "false", "lang": null, "decimals": "INF", "ancestors": [ "span", "span", "p", "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": null }, "R7": { "role": "http://ponocorp.com/role/StatementsOfCashFlows", "longName": "00000007 - Statement - Consolidated Statements of Cash Flows", "shortName": "Consolidated Statements of Cash Flows", "isDefault": "false", "groupType": "statement", "subGroupType": "", "menuCat": "Statements", "order": "7", "firstAnchor": { "contextRef": "From2022-03-112022-12-31", "name": "us-gaap:NetIncomeLoss", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": { "contextRef": "From2022-03-112022-12-31", "name": "us-gaap:IncreaseDecreaseInPrepaidExpense", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "unique": true } }, "R8": { "role": "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcern", "longName": "00000008 - Disclosure - DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN", "shortName": "DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "8", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R9": { "role": "http://ponocorp.com/role/SummaryOfSignificantAccountingPolicies", "longName": "00000009 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "9", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:SignificantAccountingPoliciesTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:SignificantAccountingPoliciesTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R10": { "role": "http://ponocorp.com/role/InitialPublicOffering", "longName": "00000010 - Disclosure - INITIAL PUBLIC OFFERING", "shortName": "INITIAL PUBLIC OFFERING", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "10", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "PTWO:InitialPublicOfferingTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "PTWO:InitialPublicOfferingTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R11": { "role": "http://ponocorp.com/role/PrivatePlacement", "longName": "00000011 - Disclosure - PRIVATE PLACEMENT", "shortName": "PRIVATE PLACEMENT", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "11", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "PTWO:PrivatePlacementTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "PTWO:PrivatePlacementTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R12": { "role": "http://ponocorp.com/role/RelatedPartyTransactions", "longName": "00000012 - Disclosure - RELATED PARTY TRANSACTIONS", "shortName": "RELATED PARTY TRANSACTIONS", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "12", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R13": { "role": "http://ponocorp.com/role/CommitmentsAndContingencies", "longName": "00000013 - Disclosure - COMMITMENTS AND CONTINGENCIES", "shortName": "COMMITMENTS AND CONTINGENCIES", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "13", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R14": { "role": "http://ponocorp.com/role/StockholdersDeficit", "longName": "00000014 - Disclosure - STOCKHOLDERS\u2019 DEFICIT", "shortName": "STOCKHOLDERS\u2019 DEFICIT", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "14", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R15": { "role": "http://ponocorp.com/role/IncomeTaxes", "longName": "00000015 - Disclosure - INCOME TAXES", "shortName": "INCOME TAXES", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "15", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:IncomeTaxDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R16": { "role": "http://ponocorp.com/role/FairValueMeasurements", "longName": "00000016 - Disclosure - FAIR VALUE MEASUREMENTS", "shortName": "FAIR VALUE MEASUREMENTS", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "16", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:FairValueMeasurementInputsDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:FairValueMeasurementInputsDisclosureTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R17": { "role": "http://ponocorp.com/role/SubsequentEvents", "longName": "00000017 - Disclosure - SUBSEQUENT EVENTS", "shortName": "SUBSEQUENT EVENTS", "isDefault": "false", "groupType": "disclosure", "subGroupType": "", "menuCat": "Notes", "order": "17", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:SubsequentEventsTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:SubsequentEventsTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R18": { "role": "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies", "longName": "00000018 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "policies", "menuCat": "Policies", "order": "18", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "us-gaap:SignificantAccountingPoliciesTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:BasisOfAccountingPolicyPolicyTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "us-gaap:SignificantAccountingPoliciesTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R19": { "role": "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesTables", "longName": "00000019 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "19", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:ScheduleOfStockByClassTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "us-gaap:SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock", "us-gaap:SignificantAccountingPoliciesTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:ScheduleOfStockByClassTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "us-gaap:SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock", "us-gaap:SignificantAccountingPoliciesTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R20": { "role": "http://ponocorp.com/role/IncomeTaxesTables", "longName": "00000020 - Disclosure - INCOME TAXES (Tables)", "shortName": "INCOME TAXES (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "20", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "us-gaap:IncomeTaxDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "us-gaap:IncomeTaxDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R21": { "role": "http://ponocorp.com/role/FairValueMeasurementsTables", "longName": "00000021 - Disclosure - FAIR VALUE MEASUREMENTS (Tables)", "shortName": "FAIR VALUE MEASUREMENTS (Tables)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "tables", "menuCat": "Tables", "order": "21", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "us-gaap:FairValueMeasurementInputsDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "us-gaap:FairValueMeasurementInputsDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R22": { "role": "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "longName": "00000022 - Disclosure - DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN (Details Narrative)", "shortName": "DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN (Details Narrative)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "22", "firstAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "dei:EntityIncorporationDateOfIncorporation", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "span", "p", "us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2023-01-01to2023-12-31", "name": "dei:EntityIncorporationDateOfIncorporation", "unitRef": null, "xsiNil": "false", "lang": "en-US", "decimals": null, "ancestors": [ "span", "span", "p", "us-gaap:BusinessDescriptionAndBasisOfPresentationTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R23": { "role": "http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails", "longName": "00000023 - Disclosure - SCHEDULE OF REDEEMABLE CLASS A COMMON STOCK (Details)", "shortName": "SCHEDULE OF REDEEMABLE CLASS A COMMON STOCK (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "23", "firstAnchor": { "contextRef": "AsOf2022-12-31", "name": "us-gaap:TemporaryEquityCarryingAmountAttributableToParent", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": { "contextRef": "From2022-03-112022-12-31_us-gaap_CommonClassAMember", "name": "us-gaap:ProceedsFromIssuanceOfWarrants", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "us-gaap:ScheduleOfStockByClassTextBlock", "us-gaap:SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock", "us-gaap:SignificantAccountingPoliciesTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "unique": true } }, "R24": { "role": "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails", "longName": "00000024 - Disclosure - SCHEDULE OF BASIC AND DILUTED NET INCOME PER SHARE (Details)", "shortName": "SCHEDULE OF BASIC AND DILUTED NET INCOME PER SHARE (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "24", "firstAnchor": { "contextRef": "From2022-03-112022-12-31_us-gaap_CommonClassAMember", "name": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "us-gaap:EarningsPerSharePolicyTextBlock", "us-gaap:SignificantAccountingPoliciesTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2022-03-112022-12-31_us-gaap_CommonClassAMember", "name": "us-gaap:NetIncomeLossAvailableToCommonStockholdersBasic", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "us-gaap:ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "us-gaap:EarningsPerSharePolicyTextBlock", "us-gaap:SignificantAccountingPoliciesTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R25": { "role": "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative", "longName": "00000025 - Disclosure - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)", "shortName": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "25", "firstAnchor": { "contextRef": "AsOf2023-12-31", "name": "us-gaap:CashEquivalentsAtCarryingValue", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "span", "span", "p", "us-gaap:CashAndCashEquivalentsPolicyTextBlock", "us-gaap:SignificantAccountingPoliciesTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "AsOf2023-12-31", "name": "us-gaap:CashEquivalentsAtCarryingValue", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "span", "span", "p", "us-gaap:CashAndCashEquivalentsPolicyTextBlock", "us-gaap:SignificantAccountingPoliciesTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R26": { "role": "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "longName": "00000026 - Disclosure - INITIAL PUBLIC OFFERING (Details Narrative)", "shortName": "INITIAL PUBLIC OFFERING (Details Narrative)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "26", "firstAnchor": { "contextRef": "From2022-03-112022-12-31_us-gaap_CommonClassAMember", "name": "us-gaap:ProceedsFromIssuanceInitialPublicOffering", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "us-gaap:ScheduleOfStockByClassTextBlock", "us-gaap:SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock", "us-gaap:SignificantAccountingPoliciesTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": { "contextRef": "AsOf2022-08-09_us-gaap_CommonClassAMember_custom_PublicWarrantMember", "name": "us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1", "unitRef": "USDPShares", "xsiNil": "false", "lang": null, "decimals": "INF", "ancestors": [ "span", "span", "p", "PTWO:InitialPublicOfferingTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "unique": true } }, "R27": { "role": "http://ponocorp.com/role/PrivatePlacementDetailsNarrative", "longName": "00000027 - Disclosure - PRIVATE PLACEMENT (Details Narrative)", "shortName": "PRIVATE PLACEMENT (Details Narrative)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "27", "firstAnchor": { "contextRef": "From2022-03-112022-12-31", "name": "us-gaap:ProceedsFromIssuanceOfPrivatePlacement", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": null }, "R28": { "role": "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "longName": "00000028 - Disclosure - RELATED PARTY TRANSACTIONS (Details Narrative)", "shortName": "RELATED PARTY TRANSACTIONS (Details Narrative)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "28", "firstAnchor": { "contextRef": "From2022-03-112022-12-31", "name": "us-gaap:StockIssuedDuringPeriodValueNewIssues", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": { "contextRef": "From2023-05-082023-05-08", "name": "PTWO:FairValueOfNonRedemptionAggregateShares", "unitRef": "Shares", "xsiNil": "false", "lang": null, "decimals": "INF", "ancestors": [ "span", "span", "p", "us-gaap:RelatedPartyTransactionsDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "unique": true } }, "R29": { "role": "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "longName": "00000029 - Disclosure - COMMITMENTS AND CONTINGENCIES (Details Narrative)", "shortName": "COMMITMENTS AND CONTINGENCIES (Details Narrative)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "29", "firstAnchor": { "contextRef": "AsOf2023-12-31", "name": "us-gaap:SharesIssuedPricePerShare", "unitRef": "USDPShares", "xsiNil": "false", "lang": null, "decimals": "INF", "ancestors": [ "span", "span", "p", "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": { "contextRef": "AsOf2023-12-31_custom_UnderwritersMember", "name": "us-gaap:SharePrice", "unitRef": "USDPShares", "xsiNil": "false", "lang": null, "decimals": "INF", "ancestors": [ "span", "span", "p", "us-gaap:CommitmentsAndContingenciesDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "unique": true } }, "R30": { "role": "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative", "longName": "00000030 - Disclosure - STOCKHOLDERS\u2019 DEFICIT (Details Narrative)", "shortName": "STOCKHOLDERS\u2019 DEFICIT (Details Narrative)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "30", "firstAnchor": { "contextRef": "AsOf2022-12-31", "name": "us-gaap:PreferredStockSharesAuthorized", "unitRef": "Shares", "xsiNil": "false", "lang": null, "decimals": "INF", "ancestors": [ "us-gaap:PreferredStockSharesAuthorized", "span", "span", "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": { "contextRef": "AsOf2023-12-31_us-gaap_WarrantMember", "name": "us-gaap:ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1", "unitRef": "USDPShares", "xsiNil": "false", "lang": null, "decimals": "INF", "ancestors": [ "span", "span", "td", "tr", "table", "us-gaap:StockholdersEquityNoteDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "unique": true } }, "R31": { "role": "http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails", "longName": "00000031 - Disclosure - SCHEDULE OF NET DEFERRED TAX ASSETS AND LIABILITIES (Details)", "shortName": "SCHEDULE OF NET DEFERRED TAX ASSETS AND LIABILITIES (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "31", "firstAnchor": { "contextRef": "AsOf2023-12-31", "name": "PTWO:DeferredTaxAssetsStartupCosts", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock", "us-gaap:IncomeTaxDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "AsOf2023-12-31", "name": "PTWO:DeferredTaxAssetsStartupCosts", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "us-gaap:ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock", "us-gaap:IncomeTaxDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R32": { "role": "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails", "longName": "00000032 - Disclosure - SCHEDULE OF INCOME TAX PROVISION (Details)", "shortName": "SCHEDULE OF INCOME TAX PROVISION (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "32", "firstAnchor": { "contextRef": "From2022-03-112022-12-31", "name": "us-gaap:CurrentFederalTaxExpenseBenefit", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock", "us-gaap:IncomeTaxDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2022-03-112022-12-31", "name": "us-gaap:CurrentFederalTaxExpenseBenefit", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock", "us-gaap:IncomeTaxDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R33": { "role": "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails", "longName": "00000033 - Disclosure - SCHEDULE OF FEDERAL INCOME TAX RATE (Details)", "shortName": "SCHEDULE OF FEDERAL INCOME TAX RATE (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "33", "firstAnchor": { "contextRef": "From2022-03-112022-12-31", "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "unitRef": "Pure", "xsiNil": "false", "lang": null, "decimals": "INF", "ancestors": [ "span", "td", "tr", "table", "us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock", "us-gaap:IncomeTaxDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true }, "uniqueAnchor": { "contextRef": "From2022-03-112022-12-31", "name": "us-gaap:EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "unitRef": "Pure", "xsiNil": "false", "lang": null, "decimals": "INF", "ancestors": [ "span", "td", "tr", "table", "us-gaap:ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock", "us-gaap:IncomeTaxDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true, "unique": true } }, "R34": { "role": "http://ponocorp.com/role/IncomeTaxesDetailsNarrative", "longName": "00000034 - Disclosure - INCOME TAXES (Details Narrative)", "shortName": "INCOME TAXES (Details Narrative)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "34", "firstAnchor": { "contextRef": "From2022-03-112022-12-31", "name": "us-gaap:ValuationAllowanceDeferredTaxAssetChangeInAmount", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "us-gaap:ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock", "us-gaap:IncomeTaxDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": { "contextRef": "AsOf2022-12-31", "name": "us-gaap:DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "p", "us-gaap:IncomeTaxDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "unique": true } }, "R35": { "role": "http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails", "longName": "00000035 - Disclosure - SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details)", "shortName": "SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "35", "firstAnchor": { "contextRef": "AsOf2023-12-31", "name": "us-gaap:AssetsHeldInTrustNoncurrent", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": { "contextRef": "AsOf2023-12-31_us-gaap_USTreasurySecuritiesMember", "name": "us-gaap:AssetsHeldInTrustNoncurrent", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "td", "tr", "table", "us-gaap:FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock", "us-gaap:FairValueMeasurementInputsDisclosureTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "unique": true } }, "R36": { "role": "http://ponocorp.com/role/SubsequentEventsDetailsNarrative", "longName": "00000036 - Disclosure - SUBSEQUENT EVENTS (Details Narrative)", "shortName": "SUBSEQUENT EVENTS (Details Narrative)", "isDefault": "false", "groupType": "disclosure", "subGroupType": "details", "menuCat": "Details", "order": "36", "firstAnchor": { "contextRef": "AsOf2023-12-31", "name": "us-gaap:AssetsHeldInTrust", "unitRef": "USD", "xsiNil": "false", "lang": null, "decimals": "0", "ancestors": [ "span", "span", "p", "us-gaap:MarketableSecuritiesPolicy", "us-gaap:SignificantAccountingPoliciesTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "first": true }, "uniqueAnchor": { "contextRef": "AsOf2024-01-11_us-gaap_SubsequentEventMember_us-gaap_CommonClassAMember", "name": "us-gaap:CommonStockParOrStatedValuePerShare", "unitRef": "USDPShares", "xsiNil": "false", "lang": null, "decimals": "INF", "ancestors": [ "span", "span", "p", "us-gaap:SubsequentEventsTextBlock", "body", "html" ], "reportCount": 1, "baseRef": "form10-k.htm", "unique": true } } }, "tag": { "PTWO_AandRMergerAgreementMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "AandRMergerAgreementMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "A&R Merger Agreement [Member]", "documentation": "A&R Merger Agreement [Member]" } } }, "auth_ref": [] }, "us-gaap_AccountingPoliciesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "AccountingPoliciesAbstract", "lang": { "en-us": { "role": { "label": "Accounting Policies [Abstract]" } } }, "auth_ref": [] }, "us-gaap_AccountsPayableCurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "AccountsPayableCurrent", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Accounts payable", "documentation": "Carrying value as of the balance sheet date of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer)." } } }, "auth_ref": [ "r14", "r539" ] }, "PTWO_AccretionOfCommonStockSubjectToRedemptionToRedemptionAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "AccretionOfCommonStockSubjectToRedemptionToRedemptionAmount", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Accretion of Class A common stock subject to redemption to redemption amount", "documentation": "Accretion of Class A common stock subject to redemption to redemption amount." } } }, "auth_ref": [] }, "us-gaap_AccruedIncomeTaxesCurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "AccruedIncomeTaxesCurrent", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Income tax payable", "documentation": "Carrying amount as of the balance sheet date of the unpaid sum of the known and estimated amounts payable to satisfy all currently due domestic and foreign income tax obligations." } } }, "auth_ref": [ "r70", "r102" ] }, "us-gaap_AccruedLiabilitiesCurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "AccruedLiabilitiesCurrent", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Accrued expenses", "documentation": "Carrying value as of the balance sheet date of obligations incurred and payable, pertaining to costs that are statutory in nature, are incurred on contractual obligations, or accumulate over time and for which invoices have not yet been received or will not be rendered. Examples include taxes, interest, rent and utilities. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer)." } } }, "auth_ref": [ "r17" ] }, "us-gaap_AdditionalPaidInCapital": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "AdditionalPaidInCapital", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Additional paid-in capital", "documentation": "Amount of excess of issue price over par or stated value of stock and from other transaction involving stock or stockholder. Includes, but is not limited to, additional paid-in capital (APIC) for common and preferred stock." } } }, "auth_ref": [ "r74", "r539", "r629" ] }, "us-gaap_AdditionalPaidInCapitalMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "AdditionalPaidInCapitalMember", "presentation": [ "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "Additional Paid-in Capital [Member]", "documentation": "Excess of issue price over par or stated value of the entity's capital stock and amounts received from other transactions involving the entity's stock or stockholders." } } }, "auth_ref": [ "r288", "r289", "r290", "r429", "r589", "r590", "r591", "r612", "r630" ] }, "PTWO_AdjustmentsToAdditionalPaidInCapitalAccretionOfCommonStockSubjectToRedemptionToRedemptionAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "AdjustmentsToAdditionalPaidInCapitalAccretionOfCommonStockSubjectToRedemptionToRedemptionAmount", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "negatedLabel": "Accretion of Class A common stock subject to redemption to redemption amount", "documentation": "Accretion of Class A common stock subject to redemption to redemption amount.", "label": "AdjustmentsToAdditionalPaidInCapitalAccretionOfCommonStockSubjectToRedemptionToRedemptionAmount" } } }, "auth_ref": [] }, "PTWO_AdjustmentsToAdditionalPaidInCapitalExciseTax": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "AdjustmentsToAdditionalPaidInCapitalExciseTax", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "negatedLabel": "Excise tax", "documentation": "Adjustments to additional paid in capital excise tax.", "label": "AdjustmentsToAdditionalPaidInCapitalExciseTax" } } }, "auth_ref": [] }, "PTWO_AdjustmentsToAdditionalPaidInCapitalPublicWarrantIssued": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "AdjustmentsToAdditionalPaidInCapitalPublicWarrantIssued", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "Proceeds allocated to Public Warrants", "documentation": "Adjustments to Additional paid in capital public warrant issued." } } }, "auth_ref": [] }, "PTWO_AdjustmentsToAdditionalPaidInCapitalShareholdersNonRedemptionAgreement": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "AdjustmentsToAdditionalPaidInCapitalShareholdersNonRedemptionAgreement", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "Shareholder non-redemption agreement", "documentation": "Adjustments to additional paid in capital shareholders non redemption agreement." } } }, "auth_ref": [] }, "PTWO_AdjustmentsToAdditionalPaidInCapitalShareholdersNonRedemptionAgreementTermination": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "AdjustmentsToAdditionalPaidInCapitalShareholdersNonRedemptionAgreementTermination", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "negatedLabel": "Shareholder non-redemption agreement", "documentation": "Adjustments to additional paid in capital shareholders non redemption agreement termination.", "label": "AdjustmentsToAdditionalPaidInCapitalShareholdersNonRedemptionAgreementTermination" } } }, "auth_ref": [] }, "PTWO_AdjustmentsToAdditionalPaidInCapitalValueOfOfferingCostsAllocatedToFairValueOfEquityInstruments": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "AdjustmentsToAdditionalPaidInCapitalValueOfOfferingCostsAllocatedToFairValueOfEquityInstruments", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "Value of offering costs allocated to the fair value of equity instruments", "documentation": "Adjustments to additional paid in capital value of offering costs allocated to fair value of equity instruments." } } }, "auth_ref": [] }, "us-gaap_AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivitiesAbstract", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Adjustments to reconcile net income to net cash used in operating activities:" } } }, "auth_ref": [] }, "PTWO_AdministrativeSupportAgreementMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "AdministrativeSupportAgreementMember", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Administrative Support Agreement [Member]", "documentation": "Administrative Support Agreement [Member]" } } }, "auth_ref": [] }, "PTWO_AdvanceFromSponsorForPaymentOfFormationCosts": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "AdvanceFromSponsorForPaymentOfFormationCosts", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 8.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Advance from Sponsor for payment of formation costs", "documentation": "Advance from Sponsor for Payment of Formation Costs." } } }, "auth_ref": [] }, "PTWO_AffiliateSponsorMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "AffiliateSponsorMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Affiliate Sponsor [Member]", "documentation": "Affiliate Sponsor [Member]" } } }, "auth_ref": [] }, "dei_AmendmentDescription": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AmendmentDescription", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Amendment Description", "documentation": "Description of changes contained within amended document." } } }, "auth_ref": [] }, "dei_AmendmentFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AmendmentFlag", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Amendment Flag", "documentation": "Boolean flag that is true when the XBRL content amends previously-filed or accepted submission." } } }, "auth_ref": [] }, "dei_AnnualInformationForm": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AnnualInformationForm", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Annual Information Form", "documentation": "Boolean flag with value true on a form if it is an annual report containing an annual information form." } } }, "auth_ref": [ "r566" ] }, "us-gaap_ArrangementsAndNonarrangementTransactionsMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ArrangementsAndNonarrangementTransactionsMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "documentation": "Collaborative arrangement and arrangement other than collaborative applicable to revenue-generating activity or operations." } } }, "auth_ref": [ "r315" ] }, "us-gaap_Assets": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "Assets", "crdr": "debit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "totalLabel": "Total Assets", "label": "Assets", "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events." } } }, "auth_ref": [ "r100", "r121", "r139", "r176", "r179", "r181", "r213", "r232", "r233", "r234", "r235", "r236", "r237", "r238", "r239", "r240", "r316", "r318", "r332", "r399", "r465", "r539", "r551", "r603", "r604", "r617" ] }, "us-gaap_AssetsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "AssetsAbstract", "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Assets:" } } }, "auth_ref": [] }, "us-gaap_AssetsCurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "AssetsCurrent", "crdr": "debit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "totalLabel": "Total Current Assets", "label": "Assets, Current", "documentation": "Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events." } } }, "auth_ref": [ "r119", "r126", "r139", "r213", "r232", "r233", "r234", "r235", "r236", "r237", "r238", "r239", "r240", "r316", "r318", "r332", "r539", "r603", "r604", "r617" ] }, "us-gaap_AssetsCurrentAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "AssetsCurrentAbstract", "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Current assets:" } } }, "auth_ref": [] }, "us-gaap_AssetsHeldInTrust": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "AssetsHeldInTrust", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative", "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Remaining funds in the trust account", "verboseLabel": "Investments held in trust account", "documentation": "The total amount of cash and securities held by third party trustees pursuant to terms of debt instruments or other agreements as of the date of each statement of financial position presented, which can be used by the trustee only to pay the noncurrent portion of specified obligations." } } }, "auth_ref": [ "r584" ] }, "us-gaap_AssetsHeldInTrustNoncurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "AssetsHeldInTrustNoncurrent", "crdr": "debit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_Assets", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails" ], "lang": { "en-us": { "role": { "label": "Marketable securities held in Trust Account", "verboseLabel": "Investments held in Trust Account", "documentation": "The amount of cash, securities, or other assets held by a third-party trustee pursuant to the terms of an agreement which assets are available to be used by beneficiaries to that agreement only within the specific terms thereof and which agreement is expected to terminate more than one year from the balance sheet date (or operating cycle, if longer) at which time the assets held-in-trust will be released or forfeited." } } }, "auth_ref": [ "r584" ] }, "dei_AuditedAnnualFinancialStatements": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AuditedAnnualFinancialStatements", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Audited Annual Financial Statements", "documentation": "Boolean flag with value true on a form if it is an annual report containing audited financial statements." } } }, "auth_ref": [ "r566" ] }, "dei_AuditorFirmId": { "xbrltype": "nonemptySequenceNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AuditorFirmId", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Auditor Firm ID", "documentation": "PCAOB issued Audit Firm Identifier" } } }, "auth_ref": [ "r563", "r565", "r566" ] }, "dei_AuditorLocation": { "xbrltype": "internationalNameItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AuditorLocation", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Auditor Location" } } }, "auth_ref": [ "r563", "r565", "r566" ] }, "dei_AuditorName": { "xbrltype": "internationalNameItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "AuditorName", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Auditor Name" } } }, "auth_ref": [ "r563", "r565", "r566" ] }, "us-gaap_BasisOfAccountingPolicyPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "BasisOfAccountingPolicyPolicyTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Basis of Presentation", "documentation": "Disclosure of accounting policy for basis of accounting, or basis of presentation, used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS)." } } }, "auth_ref": [] }, "us-gaap_BusinessAcquisitionAcquireeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "BusinessAcquisitionAcquireeDomain", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "documentation": "Identification of the acquiree in a material business combination (or series of individually immaterial business combinations), which may include the name or other type of identification of the acquiree." } } }, "auth_ref": [ "r314", "r536", "r537" ] }, "us-gaap_BusinessAcquisitionAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "BusinessAcquisitionAxis", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Business Acquisition [Axis]", "documentation": "Information by business combination or series of individually immaterial business combinations." } } }, "auth_ref": [ "r49", "r51", "r314", "r536", "r537" ] }, "us-gaap_BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Business Acquisition, Equity Interest Issued or Issuable, Value Assigned", "verboseLabel": "Business acquisition, equity interest issued", "documentation": "Value of equity interests (such as common shares, preferred shares, or partnership interest) issued or issuable to acquire the entity." } } }, "auth_ref": [ "r96" ] }, "us-gaap_BusinessAcquisitionPercentageOfVotingInterestsAcquired": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "BusinessAcquisitionPercentageOfVotingInterestsAcquired", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Business acquisition percentage", "documentation": "Percentage of voting equity interests acquired at the acquisition date in the business combination." } } }, "auth_ref": [ "r50" ] }, "us-gaap_BusinessAcquisitionSharePrice": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "BusinessAcquisitionSharePrice", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Business acquisition, share price", "documentation": "Price of a single share of a number of saleable stocks paid or offered to be paid in a business combination." } } }, "auth_ref": [] }, "us-gaap_BusinessCombinationAcquiredReceivablesDescription": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "BusinessCombinationAcquiredReceivablesDescription", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Business combination, acquired receivables, description", "documentation": "Description of receivable acquired in business combination." } } }, "auth_ref": [ "r53" ] }, "PTWO_BusinessCombinationInitialPublicOfferingDescription": { "xbrltype": "stringItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "BusinessCombinationInitialPublicOfferingDescription", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Business combination initial public offering, description", "verboseLabel": "Business combination description", "documentation": "Business combination initial public offering, description." } } }, "auth_ref": [] }, "us-gaap_BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Business combination, recognized identifiable assets acquired", "documentation": "The amount of property, plant, and equipment recognized as of the acquisition date." } } }, "auth_ref": [ "r52", "r54" ] }, "us-gaap_BusinessDescriptionAndBasisOfPresentationTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "BusinessDescriptionAndBasisOfPresentationTextBlock", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcern" ], "lang": { "en-us": { "role": { "label": "DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN", "documentation": "The entire disclosure for the business description and basis of presentation concepts. Business description describes the nature and type of organization including but not limited to organizational structure as may be applicable to holding companies, parent and subsidiary relationships, business divisions, business units, business segments, affiliates and information about significant ownership of the reporting entity. Basis of presentation describes the underlying basis used to prepare the financial statements (for example, US Generally Accepted Accounting Principles, Other Comprehensive Basis of Accounting, IFRS)." } } }, "auth_ref": [ "r68", "r85", "r86" ] }, "us-gaap_Cash": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "Cash", "crdr": "debit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Cash", "documentation": "Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Excludes cash and cash equivalents within disposal group and discontinued operation." } } }, "auth_ref": [ "r108", "r401", "r440", "r460", "r539", "r551", "r582" ] }, "us-gaap_CashAndCashEquivalentsPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CashAndCashEquivalentsPolicyTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "verboseLabel": "Cash", "label": "Cash and Cash Equivalents, Policy [Policy Text Block]", "documentation": "Disclosure of accounting policy for cash and cash equivalents, including the policy for determining which items are treated as cash equivalents. Other information that may be disclosed includes (1) the nature of any restrictions on the entity's use of its cash and cash equivalents, (2) whether the entity's cash and cash equivalents are insured or expose the entity to credit risk, (3) the classification of any negative balance accounts (overdrafts), and (4) the carrying basis of cash equivalents (for example, at cost) and whether the carrying amount of cash equivalents approximates fair value." } } }, "auth_ref": [ "r29" ] }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "periodStartLabel": "Cash - Beginning of period", "periodEndLabel": "Cash - End of period", "label": "Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Including Disposal Group and Discontinued Operations", "documentation": "Amount of cash and cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including, but not limited to, disposal group and discontinued operations. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates." } } }, "auth_ref": [ "r28", "r82", "r136" ] }, "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "totalLabel": "Net Change in Cash", "label": "Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect", "documentation": "Amount of increase (decrease) in cash, cash equivalents, and cash and cash equivalents restricted to withdrawal or usage; including effect from exchange rate change. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates." } } }, "auth_ref": [ "r1", "r82" ] }, "us-gaap_CashEquivalentsAtCarryingValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CashEquivalentsAtCarryingValue", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Cash equivalents", "documentation": "Amount of short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation." } } }, "auth_ref": [ "r582", "r627" ] }, "us-gaap_CashFDICInsuredAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CashFDICInsuredAmount", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "FDIC insured amount", "documentation": "The amount of cash deposited in financial institutions as of the balance sheet date that is insured by the Federal Deposit Insurance Corporation." } } }, "auth_ref": [] }, "dei_CityAreaCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CityAreaCode", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "City Area Code", "documentation": "Area code of city" } } }, "auth_ref": [] }, "PTWO_ClassCommonStock0.0001ParValuePerShareMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "ClassCommonStock0.0001ParValuePerShareMember", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Class A Common Stock, $0.0001 par value per share", "documentation": "Class A common stock, $0.0001 par value per share." } } }, "auth_ref": [] }, "us-gaap_ClassOfStockDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ClassOfStockDomain", "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/Cover", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails", "http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficitParenthetical", "http://ponocorp.com/role/StatementsOfOperations", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative", "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "documentation": "Share of stock differentiated by the voting rights the holder receives. Examples include, but are not limited to, common stock, redeemable preferred stock, nonredeemable preferred stock, and convertible stock." } } }, "auth_ref": [ "r115", "r122", "r123", "r124", "r139", "r161", "r162", "r169", "r171", "r174", "r175", "r213", "r232", "r234", "r235", "r236", "r239", "r240", "r259", "r260", "r263", "r266", "r273", "r332", "r420", "r421", "r422", "r423", "r429", "r430", "r431", "r432", "r433", "r434", "r435", "r436", "r437", "r438", "r439", "r441", "r452", "r474", "r497", "r510", "r511", "r512", "r513", "r514", "r573", "r585", "r592" ] }, "us-gaap_ClassOfStockLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ClassOfStockLineItems", "presentation": [ "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Class of Stock [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r122", "r123", "r124", "r174", "r259", "r260", "r261", "r263", "r266", "r271", "r273", "r420", "r421", "r422", "r423", "r532", "r573", "r585" ] }, "us-gaap_ClassOfWarrantOrRightAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ClassOfWarrantOrRightAxis", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Class of Warrant or Right [Axis]", "documentation": "Information by type of warrant or right issued." } } }, "auth_ref": [ "r47" ] }, "us-gaap_ClassOfWarrantOrRightDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ClassOfWarrantOrRightDomain", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "documentation": "Name of the class or type of warrant or right outstanding. Warrants and rights represent derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months." } } }, "auth_ref": [] }, "us-gaap_ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1", "presentation": [ "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Class of warrant or right exercise price", "documentation": "Exercise price per share or per unit of warrants or rights outstanding." } } }, "auth_ref": [ "r274" ] }, "us-gaap_ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights", "presentation": [ "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative", "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Number of aggregate shares issued", "verboseLabel": "Warrants issued", "documentation": "Number of securities into which the class of warrant or right may be converted. For example, but not limited to, 500,000 warrants may be converted into 1,000,000 shares." } } }, "auth_ref": [ "r274" ] }, "us-gaap_CommitmentsAndContingencies": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommitmentsAndContingencies", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Commitments and Contingencies (Note 6)", "documentation": "Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur." } } }, "auth_ref": [ "r21", "r65", "r400", "r451" ] }, "us-gaap_CommitmentsAndContingenciesDisclosureAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommitmentsAndContingenciesDisclosureAbstract", "lang": { "en-us": { "role": { "label": "Commitments and Contingencies Disclosure [Abstract]" } } }, "auth_ref": [] }, "us-gaap_CommitmentsAndContingenciesDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommitmentsAndContingenciesDisclosureTextBlock", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingencies" ], "lang": { "en-us": { "role": { "label": "COMMITMENTS AND CONTINGENCIES", "documentation": "The entire disclosure for commitments and contingencies." } } }, "auth_ref": [ "r88", "r226", "r227", "r516", "r602" ] }, "us-gaap_CommonClassAMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommonClassAMember", "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/Cover", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails", "http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit", "http://ponocorp.com/role/StatementsOfOperations", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative", "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Common Class A [Member]", "documentation": "Classification of common stock representing ownership interest in a corporation." } } }, "auth_ref": [ "r630" ] }, "us-gaap_CommonClassBMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommonClassBMember", "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/Cover", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficitParenthetical", "http://ponocorp.com/role/StatementsOfOperations", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Common Class B [Member]", "documentation": "Classification of common stock that has different rights than Common Class A, representing ownership interest in a corporation." } } }, "auth_ref": [ "r630" ] }, "us-gaap_CommonStockMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommonStockMember", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "Common Stock [Member]", "documentation": "Stock that is subordinate to all other stock of the issuer." } } }, "auth_ref": [ "r541", "r542", "r543", "r545", "r546", "r547", "r548", "r589", "r590", "r612", "r628", "r630" ] }, "us-gaap_CommonStockParOrStatedValuePerShare": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommonStockParOrStatedValuePerShare", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Common stock, par value", "documentation": "Face amount or stated value per share of common stock." } } }, "auth_ref": [ "r73" ] }, "us-gaap_CommonStockSharesAuthorized": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommonStockSharesAuthorized", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Common stock, shares authorized", "documentation": "The maximum number of common shares permitted to be issued by an entity's charter and bylaws." } } }, "auth_ref": [ "r73", "r452" ] }, "us-gaap_CommonStockSharesIssued": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommonStockSharesIssued", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Common stock, shares issued", "verboseLabel": "Common stock shares issued", "documentation": "Total number of common shares of an entity that have been sold or granted to shareholders (includes common shares that were issued, repurchased and remain in the treasury). These shares represent capital invested by the firm's shareholders and owners, and may be all or only a portion of the number of shares authorized. Shares issued include shares outstanding and shares held in the treasury." } } }, "auth_ref": [ "r73" ] }, "us-gaap_CommonStockSharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommonStockSharesOutstanding", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Common stock, shares outstanding", "verboseLabel": "Common stock shares outstanding", "documentation": "Number of shares of common stock outstanding. Common stock represent the ownership interest in a corporation." } } }, "auth_ref": [ "r7", "r73", "r452", "r471", "r630", "r631" ] }, "us-gaap_CommonStockValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommonStockValue", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Common stock value", "documentation": "Aggregate par or stated value of issued nonredeemable common stock (or common stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable common shares, par value and other disclosure concepts are in another section within stockholders' equity." } } }, "auth_ref": [ "r73", "r403", "r539" ] }, "us-gaap_CommonStockVotingRights": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CommonStockVotingRights", "presentation": [ "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Voting rights of common stock, description", "documentation": "Description of voting rights of common stock. Includes eligibility to vote and votes per share owned. Include also, if any, unusual voting rights." } } }, "auth_ref": [ "r43" ] }, "us-gaap_ConcentrationRiskCreditRisk": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ConcentrationRiskCreditRisk", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Concentration of Credit Risk", "documentation": "Disclosure of accounting policy for credit risk." } } }, "auth_ref": [ "r67", "r111" ] }, "us-gaap_ConsolidationPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ConsolidationPolicyTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Principles of Consolidation", "documentation": "Disclosure of accounting policy regarding (1) the principles it follows in consolidating or combining the separate financial statements, including the principles followed in determining the inclusion or exclusion of subsidiaries or other entities in the consolidated or combined financial statements and (2) its treatment of interests (for example, common stock, a partnership interest or other means of exerting influence) in other entities, for example consolidation or use of the equity or cost methods of accounting. The accounting policy may also address the accounting treatment for intercompany accounts and transactions, noncontrolling interest, and the income statement treatment in consolidation for issuances of stock by a subsidiary." } } }, "auth_ref": [ "r55", "r520" ] }, "us-gaap_ConversionOfStockSharesConverted1": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ConversionOfStockSharesConverted1", "presentation": [ "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Conversion of common stock shares", "documentation": "The number of shares converted in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. \"Part noncash\" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period." } } }, "auth_ref": [ "r31", "r32", "r33" ] }, "us-gaap_ConversionOfStockSharesIssued1": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ConversionOfStockSharesIssued1", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Number of shares issued upon conversion", "documentation": "The number of new shares issued in the conversion of stock in a noncash (or part noncash) transaction. Noncash is defined as transactions during a period that do not result in cash receipts or cash payments in the period. \"Part noncash\" refers to that portion of the transaction not resulting in cash receipts or cash payments in the period." } } }, "auth_ref": [ "r31", "r32", "r33" ] }, "us-gaap_ConvertibleDebt": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ConvertibleDebt", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Convertible debt", "documentation": "Including the current and noncurrent portions, carrying amount of debt identified as being convertible into another form of financial instrument (typically the entity's common stock) as of the balance sheet date, which originally required full repayment more than twelve months after issuance or greater than the normal operating cycle of the company." } } }, "auth_ref": [ "r12", "r103", "r626" ] }, "us-gaap_ConvertibleDebtCurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ConvertibleDebtCurrent", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Convertible Promissory Note", "verboseLabel": "Convertible promissory note payable", "terseLabel": "Aggregate principal amount", "documentation": "The portion of the carrying value of long-term convertible debt as of the balance sheet date that is scheduled to be repaid within one year or in the normal operating cycle if longer. Convertible debt is a financial instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder." } } }, "auth_ref": [ "r69" ] }, "us-gaap_ConvertibleDebtMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ConvertibleDebtMember", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Convertible Debt [Member]", "documentation": "Borrowing which can be exchanged for a specified number of another security at the option of the issuer or the holder, for example, but not limited to, the entity's common stock." } } }, "auth_ref": [ "r89", "r241", "r242", "r247", "r248", "r249", "r252", "r253", "r254", "r255", "r256", "r527", "r528", "r529", "r530", "r531" ] }, "PTWO_ConvertiblePromissoryNoteMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "ConvertiblePromissoryNoteMember", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Convertible Promissory Note [Member]", "documentation": "Convertible Promissory Note [Member]" } } }, "auth_ref": [] }, "dei_CountryRegion": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CountryRegion", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Country Region", "documentation": "Region code of country" } } }, "auth_ref": [] }, "dei_CoverAbstract": { "xbrltype": "stringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CoverAbstract", "lang": { "en-us": { "role": { "documentation": "Cover page." } } }, "auth_ref": [] }, "us-gaap_CurrentFederalTaxExpenseBenefit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CurrentFederalTaxExpenseBenefit", "crdr": "debit", "calculation": { "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails": { "parentTag": "us-gaap_IncomeTaxExpenseBenefit", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails" ], "lang": { "en-us": { "role": { "label": "Current", "documentation": "Amount of current federal tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, current national tax expense (benefit) for non-US (United States of America) jurisdiction." } } }, "auth_ref": [ "r574", "r588", "r610" ] }, "dei_CurrentFiscalYearEndDate": { "xbrltype": "gMonthDayItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "CurrentFiscalYearEndDate", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Current Fiscal Year End Date", "documentation": "End date of current fiscal year in the format --MM-DD." } } }, "auth_ref": [] }, "us-gaap_CurrentStateAndLocalTaxExpenseBenefit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "CurrentStateAndLocalTaxExpenseBenefit", "crdr": "debit", "calculation": { "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails": { "parentTag": "us-gaap_IncomeTaxExpenseBenefit", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Current", "label": "Current State and Local Tax Expense (Benefit)", "documentation": "Amount of current state and local tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, current regional, territorial, and provincial tax expense (benefit) for non-US (United States of America) jurisdiction." } } }, "auth_ref": [ "r574", "r588", "r610" ] }, "us-gaap_DebtInstrumentAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DebtInstrumentAxis", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Debt Instrument [Axis]", "documentation": "Information by type of debt instrument, including, but not limited to, draws against credit facilities." } } }, "auth_ref": [ "r12", "r69", "r70", "r101", "r103", "r144", "r241", "r242", "r243", "r244", "r245", "r246", "r247", "r248", "r249", "r250", "r251", "r252", "r253", "r254", "r255", "r256", "r340", "r527", "r528", "r529", "r530", "r531", "r586" ] }, "us-gaap_DebtInstrumentConvertibleTermsOfConversionFeature": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DebtInstrumentConvertibleTermsOfConversionFeature", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Debt conversion price", "documentation": "Description of conversion terms for debt instrument." } } }, "auth_ref": [ "r19", "r43", "r91", "r92" ] }, "us-gaap_DebtInstrumentNameDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DebtInstrumentNameDomain", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "documentation": "The name for the particular debt instrument or borrowing that distinguishes it from other debt instruments or borrowings, including draws against credit facilities." } } }, "auth_ref": [ "r20", "r144", "r241", "r242", "r243", "r244", "r245", "r246", "r247", "r248", "r249", "r250", "r251", "r252", "r253", "r254", "r255", "r256", "r340", "r527", "r528", "r529", "r530", "r531", "r586" ] }, "us-gaap_DeferredCompensationLiabilityClassifiedNoncurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DeferredCompensationLiabilityClassifiedNoncurrent", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Deferred underwriting fee payable", "documentation": "Aggregate carrying value as of the balance sheet date of the liabilities for all deferred compensation arrangements payable beyond one year (or the operating cycle, if longer)." } } }, "auth_ref": [] }, "us-gaap_DeferredFederalIncomeTaxExpenseBenefit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DeferredFederalIncomeTaxExpenseBenefit", "crdr": "debit", "calculation": { "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails": { "parentTag": "us-gaap_IncomeTaxExpenseBenefit", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails" ], "lang": { "en-us": { "role": { "label": "Deferred", "documentation": "Amount of deferred federal tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, deferred national tax expense (benefit) for non-US (United States of America) jurisdiction." } } }, "auth_ref": [ "r588", "r609", "r610" ] }, "us-gaap_DeferredOfferingCosts": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DeferredOfferingCosts", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Deferred offering costs", "verboseLabel": "Deferred underwriting commission", "documentation": "Specific incremental costs directly attributable to a proposed or actual offering of securities which are deferred at the end of the reporting period." } } }, "auth_ref": [ "r600" ] }, "us-gaap_DeferredStateAndLocalIncomeTaxExpenseBenefit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DeferredStateAndLocalIncomeTaxExpenseBenefit", "crdr": "debit", "calculation": { "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails": { "parentTag": "us-gaap_IncomeTaxExpenseBenefit", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Deferred", "label": "Deferred State and Local Income Tax Expense (Benefit)", "documentation": "Amount of deferred state and local tax expense (benefit) attributable to income (loss) from continuing operations. Includes, but is not limited to, deferred regional, territorial, and provincial tax expense (benefit) for non-US (United States of America) jurisdiction." } } }, "auth_ref": [ "r588", "r609", "r610" ] }, "us-gaap_DeferredTaxAssetsGross": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DeferredTaxAssetsGross", "crdr": "debit", "calculation": { "http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails": { "parentTag": "us-gaap_DeferredTaxAssetsNet", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Total deferred tax assets", "label": "Deferred Tax Assets, Gross", "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards." } } }, "auth_ref": [ "r301" ] }, "us-gaap_DeferredTaxAssetsNet": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DeferredTaxAssetsNet", "crdr": "debit", "calculation": { "http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails" ], "lang": { "en-us": { "role": { "label": "Deferred tax assets, net of allowance", "documentation": "Amount after allocation of valuation allowances of deferred tax asset attributable to deductible temporary differences and carryforwards." } } }, "auth_ref": [ "r607" ] }, "us-gaap_DeferredTaxAssetsNetAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DeferredTaxAssetsNetAbstract", "presentation": [ "http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails" ], "lang": { "en-us": { "role": { "label": "Deferred tax assets" } } }, "auth_ref": [] }, "us-gaap_DeferredTaxAssetsOperatingLossCarryforwards": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DeferredTaxAssetsOperatingLossCarryforwards", "crdr": "debit", "calculation": { "http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails": { "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails" ], "lang": { "en-us": { "role": { "label": "Net operating loss carryforwards", "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible operating loss carryforwards." } } }, "auth_ref": [ "r48", "r608" ] }, "us-gaap_DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/IncomeTaxesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "state net operating loss carryovers", "documentation": "Amount before allocation of valuation allowances of deferred tax asset attributable to deductible state and local operating loss carryforwards." } } }, "auth_ref": [ "r48", "r608" ] }, "PTWO_DeferredTaxAssetsStartupCosts": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "DeferredTaxAssetsStartupCosts", "crdr": "debit", "calculation": { "http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails": { "parentTag": "us-gaap_DeferredTaxAssetsGross", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails" ], "lang": { "en-us": { "role": { "label": "Start-up costs", "documentation": "Deferred tax assets startup costs." } } }, "auth_ref": [] }, "us-gaap_DeferredTaxAssetsValuationAllowance": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DeferredTaxAssetsValuationAllowance", "crdr": "credit", "calculation": { "http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails": { "parentTag": "us-gaap_DeferredTaxAssetsNet", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfNetDeferredTaxAssetsAndLiabilitiesDetails" ], "lang": { "en-us": { "role": { "negatedLabel": "Valuation allowance", "label": "Deferred Tax Assets, Valuation Allowance", "documentation": "Amount of deferred tax assets for which it is more likely than not that a tax benefit will not be realized." } } }, "auth_ref": [ "r302" ] }, "PTWO_DeferredUnderwritingFeePayable": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "DeferredUnderwritingFeePayable", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Deferred underwriting fee payable", "documentation": "Deferred underwriting fee payable.", "label": "DeferredUnderwritingFeePayable" } } }, "auth_ref": [] }, "us-gaap_DerivativesPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "DerivativesPolicyTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Derivative Financial Instruments", "documentation": "Disclosure of accounting policy for its derivative instruments and hedging activities." } } }, "auth_ref": [ "r8", "r56", "r57", "r58", "r59", "r143" ] }, "PTWO_DisclosureInitialPublicOfferingAbstract": { "xbrltype": "stringItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "DisclosureInitialPublicOfferingAbstract", "lang": { "en-us": { "role": { "label": "Initial Public Offering" } } }, "auth_ref": [] }, "PTWO_DisclosurePrivatePlacementAbstract": { "xbrltype": "stringItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "DisclosurePrivatePlacementAbstract", "lang": { "en-us": { "role": { "label": "Private Placement" } } }, "auth_ref": [] }, "dei_DocumentAccountingStandard": { "xbrltype": "accountingStandardItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentAccountingStandard", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Accounting Standard", "documentation": "The basis of accounting the registrant has used to prepare the financial statements included in this filing This can either be 'U.S. GAAP', 'International Financial Reporting Standards', or 'Other'." } } }, "auth_ref": [ "r565" ] }, "dei_DocumentAnnualReport": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentAnnualReport", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Annual Report", "documentation": "Boolean flag that is true only for a form used as an annual report." } } }, "auth_ref": [ "r563", "r565", "r566" ] }, "dei_DocumentFinStmtErrorCorrectionFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentFinStmtErrorCorrectionFlag", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Financial Statement Error Correction [Flag]", "documentation": "Indicates whether any of the financial statement period in the filing include a restatement due to error correction." } } }, "auth_ref": [ "r563", "r565", "r566", "r568" ] }, "dei_DocumentFiscalPeriodFocus": { "xbrltype": "fiscalPeriodItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentFiscalPeriodFocus", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Fiscal Period Focus", "documentation": "Fiscal period values are FY, Q1, Q2, and Q3. 1st, 2nd and 3rd quarter 10-Q or 10-QT statements have value Q1, Q2, and Q3 respectively, with 10-K, 10-KT or other fiscal year statements having FY." } } }, "auth_ref": [] }, "dei_DocumentFiscalYearFocus": { "xbrltype": "gYearItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentFiscalYearFocus", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Fiscal Year Focus", "documentation": "This is focus fiscal year of the document report in YYYY format. For a 2006 annual report, which may also provide financial information from prior periods, fiscal 2006 should be given as the fiscal year focus. Example: 2006." } } }, "auth_ref": [] }, "dei_DocumentPeriodEndDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentPeriodEndDate", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Period End Date", "documentation": "For the EDGAR submission types of Form 8-K: the date of the report, the date of the earliest event reported; for the EDGAR submission types of Form N-1A: the filing date; for all other submission types: the end of the reporting or transition period. The format of the date is YYYY-MM-DD." } } }, "auth_ref": [] }, "dei_DocumentPeriodStartDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentPeriodStartDate", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Period Start Date", "documentation": "The start date of the period covered in the document, in YYYY-MM-DD format." } } }, "auth_ref": [] }, "dei_DocumentQuarterlyReport": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentQuarterlyReport", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Quarterly Report", "documentation": "Boolean flag that is true only for a form used as an quarterly report." } } }, "auth_ref": [ "r564" ] }, "dei_DocumentRegistrationStatement": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentRegistrationStatement", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Registration Statement", "documentation": "Boolean flag that is true only for a form used as a registration statement." } } }, "auth_ref": [ "r552" ] }, "dei_DocumentShellCompanyEventDate": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentShellCompanyEventDate", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Shell Company Event Date", "documentation": "Date of event requiring a shell company report." } } }, "auth_ref": [ "r565" ] }, "dei_DocumentShellCompanyReport": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentShellCompanyReport", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Shell Company Report", "documentation": "Boolean flag that is true for a Shell Company Report pursuant to section 13 or 15(d) of the Exchange Act." } } }, "auth_ref": [ "r565" ] }, "dei_DocumentTransitionReport": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentTransitionReport", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Transition Report", "documentation": "Boolean flag that is true only for a form used as a transition report." } } }, "auth_ref": [ "r567" ] }, "dei_DocumentType": { "xbrltype": "submissionTypeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentType", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Document Type", "documentation": "The type of document being provided (such as 10-K, 10-Q, 485BPOS, etc). The document type is limited to the same value as the supporting SEC submission type, or the word 'Other'." } } }, "auth_ref": [] }, "dei_DocumentsIncorporatedByReferenceTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "DocumentsIncorporatedByReferenceTextBlock", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Documents Incorporated by Reference [Text Block]", "documentation": "Documents incorporated by reference." } } }, "auth_ref": [ "r555" ] }, "us-gaap_EarningsPerShareBasic": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "EarningsPerShareBasic", "presentation": [ "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails", "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "label": "Basic net income per share, Class B common stock", "verboseLabel": "Basic net income per share", "documentation": "The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period." } } }, "auth_ref": [ "r133", "r150", "r151", "r152", "r153", "r154", "r158", "r161", "r169", "r170", "r171", "r172", "r329", "r330", "r397", "r410", "r522" ] }, "us-gaap_EarningsPerShareDiluted": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "EarningsPerShareDiluted", "presentation": [ "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails", "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "label": "Diluted net income per share, Class B common stock", "verboseLabel": "Diluted net income per share", "documentation": "The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period." } } }, "auth_ref": [ "r133", "r150", "r151", "r152", "r153", "r154", "r161", "r169", "r170", "r171", "r172", "r329", "r330", "r397", "r410", "r522" ] }, "us-gaap_EarningsPerSharePolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "EarningsPerSharePolicyTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Net Income Per Share", "documentation": "Disclosure of accounting policy for computing basic and diluted earnings or loss per share for each class of common stock and participating security. Addresses all significant policy factors, including any antidilutive items that have been excluded from the computation and takes into account stock dividends, splits and reverse splits that occur after the balance sheet date of the latest reporting period but before the issuance of the financial statements." } } }, "auth_ref": [ "r34", "r35" ] }, "us-gaap_EffectiveIncomeTaxRateContinuingOperations": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "EffectiveIncomeTaxRateContinuingOperations", "calculation": { "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails" ], "lang": { "en-us": { "role": { "totalLabel": "Income tax provision", "label": "Effective Income Tax Rate Reconciliation, Percent", "documentation": "Percentage of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations." } } }, "auth_ref": [ "r296" ] }, "us-gaap_EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate", "calculation": { "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails": { "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails" ], "lang": { "en-us": { "role": { "label": "Statutory federal income tax rate", "documentation": "Percentage of domestic federal statutory tax rate applicable to pretax income (loss)." } } }, "auth_ref": [ "r140", "r296", "r310" ] }, "us-gaap_EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance", "calculation": { "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails": { "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails" ], "lang": { "en-us": { "role": { "label": "Change in valuation allowance", "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to changes in the valuation allowance for deferred tax assets." } } }, "auth_ref": [ "r606", "r611" ] }, "us-gaap_EffectiveIncomeTaxRateReconciliationNondeductibleExpense": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "EffectiveIncomeTaxRateReconciliationNondeductibleExpense", "calculation": { "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails": { "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails" ], "lang": { "en-us": { "role": { "label": "Non-deductible transaction costs", "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to nondeductible expenses." } } }, "auth_ref": [ "r606", "r611" ] }, "us-gaap_EffectiveIncomeTaxRateReconciliationOtherAdjustments": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "EffectiveIncomeTaxRateReconciliationOtherAdjustments", "calculation": { "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails": { "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails" ], "lang": { "en-us": { "role": { "label": "Other permanent items, net", "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to other adjustments." } } }, "auth_ref": [ "r606", "r611" ] }, "us-gaap_EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes", "calculation": { "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails": { "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails" ], "lang": { "en-us": { "role": { "label": "Previous tax year adjustment", "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations attributable to revisions of previously reported income tax expense." } } }, "auth_ref": [ "r606", "r611" ] }, "us-gaap_EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes": { "xbrltype": "percentItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes", "calculation": { "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails": { "parentTag": "us-gaap_EffectiveIncomeTaxRateContinuingOperations", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfFederalIncomeTaxRateDetails" ], "lang": { "en-us": { "role": { "label": "State taxes, net of federal tax benefit", "documentation": "Percentage of the difference between reported income tax expense (benefit) and expected income tax expense (benefit) computed by applying the domestic federal statutory income tax rates to pretax income (loss) from continuing operations applicable to state and local income tax expense (benefit), net of federal tax expense (benefit)." } } }, "auth_ref": [ "r606", "r611" ] }, "PTWO_EmergingGrowthCompanyPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "EmergingGrowthCompanyPolicyTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Emerging Growth Company", "documentation": "Emerging Growth Company [Policy Text Block]" } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine1": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine1", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, Address Line One", "documentation": "Address Line 1 such as Attn, Building Name, Street Name" } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine2": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine2", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, Address Line Two", "documentation": "Address Line 2 such as Street or Suite number" } } }, "auth_ref": [] }, "dei_EntityAddressAddressLine3": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressAddressLine3", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, Address Line Three", "documentation": "Address Line 3 such as an Office Park" } } }, "auth_ref": [] }, "dei_EntityAddressCityOrTown": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressCityOrTown", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, City or Town", "documentation": "Name of the City or Town" } } }, "auth_ref": [] }, "dei_EntityAddressCountry": { "xbrltype": "countryCodeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressCountry", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, Country", "documentation": "ISO 3166-1 alpha-2 country code." } } }, "auth_ref": [] }, "dei_EntityAddressPostalZipCode": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressPostalZipCode", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, Postal Zip Code", "documentation": "Code for the postal or zip code" } } }, "auth_ref": [] }, "dei_EntityAddressStateOrProvince": { "xbrltype": "stateOrProvinceItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityAddressStateOrProvince", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Address, State or Province", "documentation": "Name of the state or province." } } }, "auth_ref": [] }, "dei_EntityBankruptcyProceedingsReportingCurrent": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityBankruptcyProceedingsReportingCurrent", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Bankruptcy Proceedings, Reporting Current", "documentation": "For registrants involved in bankruptcy proceedings during the preceding five years, the value Yes indicates that the registrant has filed all documents and reports required to be filed by Section 12, 13 or 15(d) of the Securities Exchange Act of 1934 subsequent to the distribution of securities under a plan confirmed by a court; the value No indicates the registrant has not. Registrants not involved in bankruptcy proceedings during the preceding five years should not report this element." } } }, "auth_ref": [ "r558" ] }, "dei_EntityCentralIndexKey": { "xbrltype": "centralIndexKeyItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityCentralIndexKey", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Central Index Key", "documentation": "A unique 10-digit SEC-issued value to identify entities that have filed disclosures with the SEC. It is commonly abbreviated as CIK." } } }, "auth_ref": [ "r554" ] }, "dei_EntityCommonStockSharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityCommonStockSharesOutstanding", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Common Stock, Shares Outstanding", "documentation": "Indicate number of shares or other units outstanding of each of registrant's classes of capital or common stock or other ownership interests, if and as stated on cover of related periodic report. Where multiple classes or units exist define each class/interest by adding class of stock items such as Common Class A [Member], Common Class B [Member] or Partnership Interest [Member] onto the Instrument [Domain] of the Entity Listings, Instrument." } } }, "auth_ref": [] }, "dei_EntityCurrentReportingStatus": { "xbrltype": "yesNoItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityCurrentReportingStatus", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Current Reporting Status", "documentation": "Indicate 'Yes' or 'No' whether registrants (1) have filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that registrants were required to file such reports), and (2) have been subject to such filing requirements for the past 90 days. This information should be based on the registrant's current or most recent filing containing the related disclosure." } } }, "auth_ref": [] }, "dei_EntityEmergingGrowthCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityEmergingGrowthCompany", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Emerging Growth Company", "documentation": "Indicate if registrant meets the emerging growth company criteria." } } }, "auth_ref": [ "r554" ] }, "dei_EntityExTransitionPeriod": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityExTransitionPeriod", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Elected Not To Use the Extended Transition Period", "documentation": "Indicate if an emerging growth company has elected not to use the extended transition period for complying with any new or revised financial accounting standards." } } }, "auth_ref": [ "r572" ] }, "dei_EntityFileNumber": { "xbrltype": "fileNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityFileNumber", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity File Number", "documentation": "Commission file number. The field allows up to 17 characters. The prefix may contain 1-3 digits, the sequence number may contain 1-8 digits, the optional suffix may contain 1-4 characters, and the fields are separated with a hyphen." } } }, "auth_ref": [] }, "dei_EntityFilerCategory": { "xbrltype": "filerCategoryItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityFilerCategory", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Filer Category", "documentation": "Indicate whether the registrant is one of the following: Large Accelerated Filer, Accelerated Filer, Non-accelerated Filer. Definitions of these categories are stated in Rule 12b-2 of the Exchange Act. This information should be based on the registrant's current or most recent filing containing the related disclosure." } } }, "auth_ref": [ "r554" ] }, "dei_EntityIncorporationDateOfIncorporation": { "xbrltype": "dateItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityIncorporationDateOfIncorporation", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Entity Incorporation, Date of Incorporation", "documentation": "Date when an entity was incorporated" } } }, "auth_ref": [] }, "dei_EntityIncorporationStateCountryCode": { "xbrltype": "edgarStateCountryItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityIncorporationStateCountryCode", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Incorporation, State or Country Code", "documentation": "Two-character EDGAR code representing the state or country of incorporation." } } }, "auth_ref": [] }, "dei_EntityInteractiveDataCurrent": { "xbrltype": "yesNoItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityInteractiveDataCurrent", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Interactive Data Current", "documentation": "Boolean flag that is true when the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T during the preceding 12 months (or for such shorter period that the registrant was required to submit such files)." } } }, "auth_ref": [ "r569" ] }, "dei_EntityPrimarySicNumber": { "xbrltype": "sicNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityPrimarySicNumber", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Primary SIC Number", "documentation": "Primary Standard Industrial Classification (SIC) Number for the Entity." } } }, "auth_ref": [ "r566" ] }, "dei_EntityPublicFloat": { "xbrltype": "monetaryItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityPublicFloat", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Public Float", "documentation": "The aggregate market value of the voting and non-voting common equity held by non-affiliates computed by reference to the price at which the common equity was last sold, or the average bid and asked price of such common equity, as of the last business day of the registrant's most recently completed second fiscal quarter." } } }, "auth_ref": [] }, "dei_EntityRegistrantName": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityRegistrantName", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Registrant Name", "documentation": "The exact name of the entity filing the report as specified in its charter, which is required by forms filed with the SEC." } } }, "auth_ref": [ "r554" ] }, "dei_EntityShellCompany": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityShellCompany", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Shell Company", "documentation": "Boolean flag that is true when the registrant is a shell company as defined in Rule 12b-2 of the Exchange Act." } } }, "auth_ref": [ "r554" ] }, "dei_EntitySmallBusiness": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntitySmallBusiness", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Small Business", "documentation": "Indicates that the company is a Smaller Reporting Company (SRC)." } } }, "auth_ref": [ "r554" ] }, "dei_EntityTaxIdentificationNumber": { "xbrltype": "employerIdItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityTaxIdentificationNumber", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Tax Identification Number", "documentation": "The Tax Identification Number (TIN), also known as an Employer Identification Number (EIN), is a unique 9-digit value assigned by the IRS." } } }, "auth_ref": [ "r554" ] }, "dei_EntityVoluntaryFilers": { "xbrltype": "yesNoItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityVoluntaryFilers", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Voluntary Filers", "documentation": "Indicate 'Yes' or 'No' if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act." } } }, "auth_ref": [] }, "dei_EntityWellKnownSeasonedIssuer": { "xbrltype": "yesNoItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "EntityWellKnownSeasonedIssuer", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Entity Well-known Seasoned Issuer", "documentation": "Indicate 'Yes' or 'No' if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Is used on Form Type: 10-K, 10-Q, 8-K, 20-F, 6-K, 10-K/A, 10-Q/A, 20-F/A, 6-K/A, N-CSR, N-Q, N-1A." } } }, "auth_ref": [ "r570" ] }, "us-gaap_EquityAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "EquityAbstract", "lang": { "en-us": { "role": { "label": "Equity [Abstract]" } } }, "auth_ref": [] }, "us-gaap_EquityComponentDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "EquityComponentDomain", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "documentation": "Components of equity are the parts of the total Equity balance including that which is allocated to common, preferred, treasury stock, retained earnings, etc." } } }, "auth_ref": [ "r7", "r117", "r130", "r131", "r132", "r145", "r146", "r147", "r149", "r155", "r157", "r173", "r214", "r215", "r275", "r288", "r289", "r290", "r306", "r307", "r320", "r321", "r322", "r323", "r324", "r325", "r328", "r333", "r334", "r335", "r336", "r337", "r338", "r341", "r413", "r414", "r415", "r429", "r497" ] }, "PTWO_ExciseTaxRelatedToRedemptionOfClassCommonStock": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "ExciseTaxRelatedToRedemptionOfClassCommonStock", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Excise tax related to redemption of Class A common stock", "documentation": "Excise tax related to redemption of class common stock." } } }, "auth_ref": [] }, "dei_Extension": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "Extension", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Extension", "documentation": "Extension number for local phone number." } } }, "auth_ref": [] }, "us-gaap_FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock", "presentation": [ "http://ponocorp.com/role/FairValueMeasurementsTables" ], "lang": { "en-us": { "role": { "label": "SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS", "documentation": "Tabular disclosure of financial instruments measured at fair value, including those classified in shareholders' equity measured on a recurring or nonrecurring basis. Disclosures include, but are not limited to, fair value measurements recorded and the reasons for the measurements, level within the fair value hierarchy in which the fair value measurements are categorized and transfers between levels 1 and 2. Nonrecurring fair value measurements are those that are required or permitted in the statement of financial position in particular circumstances." } } }, "auth_ref": [ "r9", "r60", "r61", "r98" ] }, "us-gaap_FairValueByFairValueHierarchyLevelAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "FairValueByFairValueHierarchyLevelAxis", "presentation": [ "http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails" ], "lang": { "en-us": { "role": { "label": "Fair Value Hierarchy and NAV [Axis]", "documentation": "Information by level within fair value hierarchy and fair value measured at net asset value per share as practical expedient." } } }, "auth_ref": [ "r249", "r277", "r278", "r279", "r280", "r281", "r282", "r331", "r356", "r357", "r358", "r528", "r529", "r533", "r534", "r535" ] }, "us-gaap_FairValueDisclosuresAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "FairValueDisclosuresAbstract", "lang": { "en-us": { "role": { "label": "Fair Value Disclosures [Abstract]" } } }, "auth_ref": [] }, "us-gaap_FairValueInputsLevel1Member": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "FairValueInputsLevel1Member", "presentation": [ "http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails" ], "lang": { "en-us": { "role": { "label": "Fair Value, Inputs, Level 1 [Member]", "documentation": "Quoted prices in active markets for identical assets or liabilities that the reporting entity can access at the measurement date." } } }, "auth_ref": [ "r249", "r277", "r282", "r331", "r356", "r533", "r534", "r535" ] }, "us-gaap_FairValueInputsLevel2Member": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "FairValueInputsLevel2Member", "presentation": [ "http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails" ], "lang": { "en-us": { "role": { "label": "Fair Value, Inputs, Level 2 [Member]", "documentation": "Inputs other than quoted prices included within level 1 that are observable for an asset or liability, either directly or indirectly, including, but not limited to, quoted prices for similar assets or liabilities in active markets, or quoted prices for identical or similar assets or liabilities in inactive markets." } } }, "auth_ref": [ "r249", "r277", "r282", "r331", "r357", "r528", "r529", "r533", "r534", "r535" ] }, "us-gaap_FairValueInputsLevel3Member": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "FairValueInputsLevel3Member", "presentation": [ "http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails" ], "lang": { "en-us": { "role": { "label": "Fair Value, Inputs, Level 3 [Member]", "documentation": "Unobservable inputs that reflect the entity's own assumption about the assumptions market participants would use in pricing." } } }, "auth_ref": [ "r249", "r277", "r278", "r279", "r280", "r281", "r282", "r331", "r358", "r528", "r529", "r533", "r534", "r535" ] }, "us-gaap_FairValueMeasurementInputsDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "FairValueMeasurementInputsDisclosureTextBlock", "presentation": [ "http://ponocorp.com/role/FairValueMeasurements" ], "lang": { "en-us": { "role": { "label": "FAIR VALUE MEASUREMENTS", "documentation": "The entire disclosure of the fair value measurement of assets and liabilities, which includes financial instruments measured at fair value that are classified in shareholders' equity, which may be measured on a recurring or nonrecurring basis." } } }, "auth_ref": [ "r97" ] }, "us-gaap_FairValueMeasurementsFairValueHierarchyDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "FairValueMeasurementsFairValueHierarchyDomain", "presentation": [ "http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails" ], "lang": { "en-us": { "role": { "documentation": "Categories used to prioritize the inputs to valuation techniques to measure fair value." } } }, "auth_ref": [ "r249", "r277", "r278", "r279", "r280", "r281", "r282", "r356", "r357", "r358", "r528", "r529", "r533", "r534", "r535" ] }, "us-gaap_FairValueOfFinancialInstrumentsPolicy": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "FairValueOfFinancialInstrumentsPolicy", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Fair Value of Financial Instruments", "documentation": "Disclosure of accounting policy for determining the fair value of financial instruments." } } }, "auth_ref": [ "r6", "r10" ] }, "PTWO_FairValueOfNonRedemptionAggregateShares": { "xbrltype": "sharesItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "FairValueOfNonRedemptionAggregateShares", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "verboseLabel": "Non redemption aggregate shares", "documentation": "Fair value of non redemption aggregate shares.", "label": "FairValueOfNonRedemptionAggregateShares" } } }, "auth_ref": [] }, "PTWO_FairValueOfRepresentativeShares": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "FairValueOfRepresentativeShares", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Fair value of Representative Shares", "documentation": "Fair value of representative shares." } } }, "auth_ref": [] }, "us-gaap_FairValueOffBalanceSheetRisksDisclosureInformationLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "FairValueOffBalanceSheetRisksDisclosureInformationLineItems", "presentation": [ "http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails" ], "lang": { "en-us": { "role": { "label": "Fair Value, off-Balance-Sheet Risks, Disclosure Information [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "us-gaap_FinancialInstrumentAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "FinancialInstrumentAxis", "presentation": [ "http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails" ], "lang": { "en-us": { "role": { "label": "Financial Instrument [Axis]", "documentation": "Information by type of financial instrument." } } }, "auth_ref": [ "r183", "r184", "r185", "r186", "r187", "r188", "r189", "r190", "r191", "r192", "r193", "r194", "r195", "r196", "r197", "r198", "r199", "r200", "r201", "r202", "r203", "r204", "r205", "r206", "r207", "r208", "r209", "r210", "r211", "r212", "r216", "r217", "r218", "r219", "r220", "r221", "r222", "r223", "r257", "r271", "r326", "r353", "r354", "r355", "r356", "r357", "r358", "r359", "r360", "r361", "r362", "r363", "r364", "r365", "r366", "r367", "r368", "r369", "r370", "r371", "r372", "r373", "r374", "r375", "r376", "r377", "r378", "r379", "r380", "r381", "r382", "r409", "r526", "r575", "r576", "r577", "r578", "r579", "r580", "r581", "r595", "r596", "r597", "r598" ] }, "PTWO_FranchiseTaxExpenses": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "FranchiseTaxExpenses", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfOperations": { "parentTag": "us-gaap_OperatingIncomeLoss", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "label": "Franchise tax expense", "documentation": "Franchise tax expenses." } } }, "auth_ref": [] }, "PTWO_FranchiseTaxesPayableCurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "FranchiseTaxesPayableCurrent", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Franchise tax payable", "documentation": "Franchise taxes payable current." } } }, "auth_ref": [] }, "us-gaap_IPOMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IPOMember", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "IPO [Member]", "documentation": "First sale of stock by a private company to the public." } } }, "auth_ref": [] }, "dei_IcfrAuditorAttestationFlag": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "IcfrAuditorAttestationFlag", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "ICFR Auditor Attestation Flag" } } }, "auth_ref": [ "r563", "r565", "r566" ] }, "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "crdr": "credit", "calculation": { "http://ponocorp.com/role/StatementsOfOperations": { "parentTag": "us-gaap_NetIncomeLoss", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "totalLabel": "Income before income taxes", "label": "Income (Loss) from Continuing Operations before Income Taxes, Noncontrolling Interest", "documentation": "Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest." } } }, "auth_ref": [ "r0", "r79", "r105", "r176", "r178", "r180", "r182", "r398", "r407", "r524" ] }, "us-gaap_IncomeStatementAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IncomeStatementAbstract", "auth_ref": [] }, "us-gaap_IncomeTaxDisclosureAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IncomeTaxDisclosureAbstract", "lang": { "en-us": { "role": { "label": "Income Tax Disclosure [Abstract]" } } }, "auth_ref": [] }, "us-gaap_IncomeTaxDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IncomeTaxDisclosureTextBlock", "presentation": [ "http://ponocorp.com/role/IncomeTaxes" ], "lang": { "en-us": { "role": { "label": "INCOME TAXES", "documentation": "The entire disclosure for income taxes. Disclosures may include net deferred tax liability or asset recognized in an enterprise's statement of financial position, net change during the year in the total valuation allowance, approximate tax effect of each type of temporary difference and carryforward that gives rise to a significant portion of deferred tax liabilities and deferred tax assets, utilization of a tax carryback, and tax uncertainties information." } } }, "auth_ref": [ "r140", "r292", "r297", "r298", "r304", "r308", "r311", "r312", "r313", "r425" ] }, "us-gaap_IncomeTaxExpenseBenefit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IncomeTaxExpenseBenefit", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfOperations": { "parentTag": "us-gaap_NetIncomeLoss", "weight": -1.0, "order": 2.0 }, "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails", "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "negatedLabel": "Income tax expense", "totalLabel": "Income tax provision", "label": "Income Tax Expense (Benefit)", "documentation": "Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations." } } }, "auth_ref": [ "r107", "r114", "r156", "r157", "r177", "r295", "r309", "r411" ] }, "us-gaap_IncomeTaxPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IncomeTaxPolicyTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Income Taxes", "documentation": "Disclosure of accounting policy for income taxes, which may include its accounting policies for recognizing and measuring deferred tax assets and liabilities and related valuation allowances, recognizing investment tax credits, operating loss carryforwards, tax credit carryforwards, and other carryforwards, methodologies for determining its effective income tax rate and the characterization of interest and penalties in the financial statements." } } }, "auth_ref": [ "r129", "r293", "r294", "r298", "r299", "r303", "r305", "r419" ] }, "us-gaap_IncomeTaxesPaid": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IncomeTaxesPaid", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Cash paid for income and franchise taxes", "documentation": "The amount of cash paid during the current period to foreign, federal, state, and local authorities as taxes on income." } } }, "auth_ref": [ "r27", "r30" ] }, "us-gaap_IncreaseDecreaseInAccountsPayable": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IncreaseDecreaseInAccountsPayable", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Accounts payable", "label": "Increase (Decrease) in Accounts Payable", "documentation": "The increase (decrease) during the reporting period in the aggregate amount of liabilities incurred (and for which invoices have typically been received) and payable to vendors for goods and services received that are used in an entity's business." } } }, "auth_ref": [ "r4" ] }, "PTWO_IncreaseDecreaseInAccruedFranchiseTaxesPayable": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "IncreaseDecreaseInAccruedFranchiseTaxesPayable", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Franchise tax payable", "documentation": "Increase decrease in accrued franchise taxes payable.", "label": "IncreaseDecreaseInAccruedFranchiseTaxesPayable" } } }, "auth_ref": [] }, "us-gaap_IncreaseDecreaseInAccruedIncomeTaxesPayable": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IncreaseDecreaseInAccruedIncomeTaxesPayable", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 7.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Income tax payable", "label": "Increase (Decrease) in Income Taxes Payable", "documentation": "The increase (decrease) during the period in the amount due for taxes based on the reporting entity's earnings or attributable to the entity's income earning process (business presence) within a given jurisdiction." } } }, "auth_ref": [ "r4" ] }, "us-gaap_IncreaseDecreaseInAccruedLiabilities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IncreaseDecreaseInAccruedLiabilities", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Accrued expenses", "label": "Increase (Decrease) in Accrued Liabilities", "documentation": "The increase (decrease) during the reporting period in the aggregate amount of expenses incurred but not yet paid." } } }, "auth_ref": [ "r4" ] }, "us-gaap_IncreaseDecreaseInOperatingCapitalAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IncreaseDecreaseInOperatingCapitalAbstract", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Changes in operating assets and liabilities:" } } }, "auth_ref": [] }, "us-gaap_IncreaseDecreaseInPrepaidExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "IncreaseDecreaseInPrepaidExpense", "crdr": "credit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0, "order": 3.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Prepaid expenses", "label": "Increase (Decrease) in Prepaid Expense", "documentation": "The increase (decrease) during the reporting period in the amount of outstanding money paid in advance for goods or services that bring economic benefits for future periods." } } }, "auth_ref": [ "r4" ] }, "PTWO_InitialPublicOfferingTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "InitialPublicOfferingTextBlock", "presentation": [ "http://ponocorp.com/role/InitialPublicOffering" ], "lang": { "en-us": { "role": { "label": "INITIAL PUBLIC OFFERING", "documentation": "Disclosure of initial public offering." } } }, "auth_ref": [] }, "us-gaap_InvestmentIncomeDividend": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "InvestmentIncomeDividend", "crdr": "credit", "calculation": { "http://ponocorp.com/role/StatementsOfOperations": { "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": 1.0, "order": 2.0 }, "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows", "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "label": "Interest and dividend income on investments held in Trust Account", "negatedLabel": "Interest and dividend income on investments held in Trust Account", "documentation": "Amount of dividend income on nonoperating securities." } } }, "auth_ref": [ "r81" ] }, "us-gaap_Liabilities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "Liabilities", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "totalLabel": "Total Liabilities", "label": "Liabilities", "documentation": "Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future." } } }, "auth_ref": [ "r16", "r139", "r213", "r232", "r233", "r234", "r235", "r236", "r237", "r238", "r239", "r240", "r317", "r318", "r319", "r332", "r450", "r523", "r551", "r603", "r617", "r618" ] }, "us-gaap_LiabilitiesAndStockholdersEquity": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "LiabilitiesAndStockholdersEquity", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "totalLabel": "Total Liabilities and Stockholders\u2019 Deficit", "label": "Liabilities and Equity", "documentation": "Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any." } } }, "auth_ref": [ "r78", "r104", "r406", "r539", "r587", "r599", "r613" ] }, "us-gaap_LiabilitiesAndStockholdersEquityAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "LiabilitiesAndStockholdersEquityAbstract", "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Liabilities and Stockholders\u2019 Deficit:" } } }, "auth_ref": [] }, "us-gaap_LiabilitiesCurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "LiabilitiesCurrent", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_Liabilities", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "totalLabel": "Total Current Liabilities", "label": "Liabilities, Current", "documentation": "Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer." } } }, "auth_ref": [ "r18", "r120", "r139", "r213", "r232", "r233", "r234", "r235", "r236", "r237", "r238", "r239", "r240", "r317", "r318", "r319", "r332", "r539", "r603", "r617", "r618" ] }, "us-gaap_LiabilitiesCurrentAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "LiabilitiesCurrentAbstract", "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Current liabilities:" } } }, "auth_ref": [] }, "dei_LocalPhoneNumber": { "xbrltype": "normalizedStringItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "LocalPhoneNumber", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Local Phone Number", "documentation": "Local phone number for entity." } } }, "auth_ref": [] }, "us-gaap_MarketableSecuritiesPolicy": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "MarketableSecuritiesPolicy", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Investments Held in Trust Account", "documentation": "Disclosure of accounting policy for investment classified as marketable security." } } }, "auth_ref": [ "r66" ] }, "PTWO_MergerAgreementDescription": { "xbrltype": "stringItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "MergerAgreementDescription", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Agreement description", "documentation": "Merger agreement description." } } }, "auth_ref": [] }, "PTWO_MergerAgreementMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "MergerAgreementMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Merger Agreement [Member]", "documentation": "Merger Agreement [Member]" } } }, "auth_ref": [] }, "srt_MinimumMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2023", "localname": "MinimumMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Minimum [Member]" } } }, "auth_ref": [ "r228", "r229", "r230", "r231", "r284", "r383", "r412", "r442", "r443", "r505", "r506", "r507", "r508", "r509", "r517", "r518", "r525", "r532", "r538", "r540", "r605", "r619", "r620", "r621", "r622", "r623", "r624" ] }, "us-gaap_NetCashProvidedByUsedInFinancingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "NetCashProvidedByUsedInFinancingActivities", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "totalLabel": "Net cash (used in) provided by financing activities", "label": "Net Cash Provided by (Used in) Financing Activities", "documentation": "Amount of cash inflow (outflow) from financing activities, including discontinued operations. Financing activity cash flows include obtaining resources from owners and providing them with a return on, and a return of, their investment; borrowing money and repaying amounts borrowed, or settling the obligation; and obtaining and paying for other resources obtained from creditors on long-term credit." } } }, "auth_ref": [ "r135" ] }, "us-gaap_NetCashProvidedByUsedInFinancingActivitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "NetCashProvidedByUsedInFinancingActivitiesAbstract", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Cash Flows from Financing Activities:" } } }, "auth_ref": [] }, "us-gaap_NetCashProvidedByUsedInInvestingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "NetCashProvidedByUsedInInvestingActivities", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "totalLabel": "Net cash provided by (used in) investing activities", "label": "Net Cash Provided by (Used in) Investing Activities", "documentation": "Amount of cash inflow (outflow) from investing activities, including discontinued operations. Investing activity cash flows include making and collecting loans and acquiring and disposing of debt or equity instruments and property, plant, and equipment and other productive assets." } } }, "auth_ref": [ "r135" ] }, "us-gaap_NetCashProvidedByUsedInInvestingActivitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "NetCashProvidedByUsedInInvestingActivitiesAbstract", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Cash Flows from Investing Activities:" } } }, "auth_ref": [] }, "us-gaap_NetCashProvidedByUsedInOperatingActivities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "NetCashProvidedByUsedInOperatingActivities", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "totalLabel": "Net cash used in operating activities", "negatedLabel": "Net Cash Provided by (Used in) Operating Activities", "label": "Net Cash Provided by (Used in) Operating Activities", "documentation": "Amount of cash inflow (outflow) from operating activities, including discontinued operations. Operating activity cash flows include transactions, adjustments, and changes in value not defined as investing or financing activities." } } }, "auth_ref": [ "r82", "r83", "r84" ] }, "us-gaap_NetCashProvidedByUsedInOperatingActivitiesAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "NetCashProvidedByUsedInOperatingActivitiesAbstract", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Cash Flows from Operating Activities:" } } }, "auth_ref": [] }, "us-gaap_NetIncomeLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "NetIncomeLoss", "crdr": "credit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInOperatingActivities", "weight": 1.0, "order": 1.0 }, "http://ponocorp.com/role/StatementsOfOperations": { "parentTag": null, "weight": null, "order": null, "root": true } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit", "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "totalLabel": "Net income", "label": "Net income", "documentation": "The portion of profit or loss for the period, net of income taxes, which is attributable to the parent." } } }, "auth_ref": [ "r80", "r84", "r106", "r118", "r127", "r128", "r132", "r139", "r148", "r150", "r151", "r152", "r153", "r156", "r157", "r167", "r176", "r178", "r180", "r182", "r213", "r232", "r233", "r234", "r235", "r236", "r237", "r238", "r239", "r240", "r330", "r332", "r408", "r473", "r495", "r496", "r524", "r549", "r603" ] }, "us-gaap_NetIncomeLossAvailableToCommonStockholdersBasic": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "NetIncomeLossAvailableToCommonStockholdersBasic", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Net income", "label": "Net Income (Loss) Available to Common Stockholders, Basic", "documentation": "Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders." } } }, "auth_ref": [ "r134", "r150", "r151", "r152", "r153", "r158", "r159", "r168", "r171", "r176", "r178", "r180", "r182", "r524" ] }, "us-gaap_NetIncomeLossAvailableToCommonStockholdersDiluted": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "NetIncomeLossAvailableToCommonStockholdersDiluted", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Net income", "label": "Net Income (Loss) Available to Common Stockholders, Diluted", "documentation": "Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities, and addition from assumption of issuance of common shares for dilutive potential common shares; of income (loss) available to common shareholders." } } }, "auth_ref": [ "r134", "r160", "r163", "r164", "r165", "r166", "r168", "r171" ] }, "us-gaap_NewAccountingPronouncementsPolicyPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "NewAccountingPronouncementsPolicyPolicyTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Recent Accounting Standards", "documentation": "Disclosure of accounting policy pertaining to new accounting pronouncements that may impact the entity's financial reporting. Includes, but is not limited to, quantification of the expected or actual impact." } } }, "auth_ref": [] }, "dei_NoTradingSymbolFlag": { "xbrltype": "trueItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "NoTradingSymbolFlag", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "No Trading Symbol Flag", "documentation": "Boolean flag that is true only for a security having no trading symbol." } } }, "auth_ref": [] }, "PTWO_NonRedeemptionAggregateShares": { "xbrltype": "sharesItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "NonRedeemptionAggregateShares", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Non redeemption aggregate shares", "documentation": "Non redeemption aggregate shares." } } }, "auth_ref": [] }, "PTWO_NonRedemptionAggregateShares": { "xbrltype": "sharesItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "NonRedemptionAggregateShares", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Non redemption aggregate shares", "documentation": "Non redemption aggregate shares." } } }, "auth_ref": [] }, "PTWO_NonRedemptionAggregateSharesValue": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "NonRedemptionAggregateSharesValue", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Non redemption aggregate share value", "documentation": "Non redemption aggregate share value." } } }, "auth_ref": [] }, "us-gaap_NoncashInvestingAndFinancingItemsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "NoncashInvestingAndFinancingItemsAbstract", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Supplemental disclosure of non-cash investing and financing activities:" } } }, "auth_ref": [] }, "us-gaap_NonoperatingIncomeExpenseAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "NonoperatingIncomeExpenseAbstract", "presentation": [ "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "label": "Other Income:" } } }, "auth_ref": [] }, "PTWO_NotePurchaseAgreementMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "NotePurchaseAgreementMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Note Purchase Agreement [Member]", "documentation": "Note Purchase Agreement [Member]" } } }, "auth_ref": [] }, "PTWO_OfferingCostsPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "OfferingCostsPolicyTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Offering Costs", "documentation": "Offering Costs [Policy Text Block]" } } }, "auth_ref": [] }, "us-gaap_OperatingExpenses": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "OperatingExpenses", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfOperations": { "parentTag": "us-gaap_OperatingIncomeLoss", "weight": -1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "label": "Operating and formation costs", "documentation": "Generally recurring costs associated with normal operations except for the portion of these expenses which can be clearly related to production and included in cost of sales or services. Includes selling, general and administrative expense." } } }, "auth_ref": [] }, "us-gaap_OperatingIncomeLoss": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "OperatingIncomeLoss", "crdr": "credit", "calculation": { "http://ponocorp.com/role/StatementsOfOperations": { "parentTag": "us-gaap_IncomeLossFromContinuingOperationsBeforeIncomeTaxesExtraordinaryItemsNoncontrollingInterest", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "totalLabel": "Loss from Operations", "negatedLabel": "Operating Income (Loss)", "label": "Operating Income (Loss)", "documentation": "The net result for the period of deducting operating expenses from operating revenues." } } }, "auth_ref": [ "r176", "r178", "r180", "r182", "r524" ] }, "us-gaap_OtherReceivablesNetCurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "OtherReceivablesNetCurrent", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Other receivables, net, current", "documentation": "Amount, after allowance, of receivables classified as other, due within one year or the operating cycle, if longer." } } }, "auth_ref": [] }, "dei_OtherReportingStandardItemNumber": { "xbrltype": "otherReportingStandardItemNumberItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "OtherReportingStandardItemNumber", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Other Reporting Standard Item Number", "documentation": "\"Item 17\" or \"Item 18\" specified when the basis of accounting is neither US GAAP nor IFRS." } } }, "auth_ref": [ "r565" ] }, "PTWO_OtherStockIssuanceRelatedCosts": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "OtherStockIssuanceRelatedCosts", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Other stock issuance related costs", "documentation": "Other stock issuance related costs." } } }, "auth_ref": [] }, "us-gaap_OverAllotmentOptionMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "OverAllotmentOptionMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/PrivatePlacementDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficitParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Over-Allotment Option [Member]", "documentation": "Right given to the underwriter to sell additional shares over the initial allotment." } } }, "auth_ref": [] }, "us-gaap_PaymentForAdministrativeFees": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PaymentForAdministrativeFees", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Payment for administrative services", "documentation": "Amount paid to managing member or general partner, affiliate of managing member or general partner, or affiliate of limited liability company (LLC) or limited partnership (LP) for administrative services provided to the LLC or LP, for example, but not limited to, salaries, rent, or overhead costs." } } }, "auth_ref": [ "r583", "r614" ] }, "PTWO_PaymentToRedeemingShareholders": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "PaymentToRedeemingShareholders", "crdr": "credit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Payment to redeeming shareholders", "documentation": "Payment to redeeming shareholders.", "label": "PaymentToRedeemingShareholders" } } }, "auth_ref": [] }, "us-gaap_PaymentsForProceedsFromInvestments": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PaymentsForProceedsFromInvestments", "crdr": "credit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Investment of cash in Trust Account", "label": "Payments for (Proceeds from) Investments", "documentation": "The net cash paid (received) associated with the acquisition or disposal of all investments, including securities and other assets." } } }, "auth_ref": [] }, "us-gaap_PaymentsForUnderwritingExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PaymentsForUnderwritingExpense", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Payments for underwriting expense", "documentation": "Cash paid for expenses incurred during underwriting activities (the process to review insurance applications, evaluate risks, accept or reject applications, and determine the premiums to be charged) for insurance companies." } } }, "auth_ref": [ "r3" ] }, "us-gaap_PaymentsOfFinancingCosts": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PaymentsOfFinancingCosts", "crdr": "credit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 10.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Payment of offering costs", "label": "Payments of Financing Costs", "documentation": "The cash outflow for loan and debt issuance costs." } } }, "auth_ref": [ "r25" ] }, "us-gaap_PaymentsOfStockIssuanceCosts": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PaymentsOfStockIssuanceCosts", "crdr": "credit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 9.0 } }, "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Repayment to Sponsor for payment of formation costs", "label": "Payments of stock issuance costs", "documentation": "The cash outflow for cost incurred directly with the issuance of an equity security." } } }, "auth_ref": [ "r25" ] }, "PTWO_PercentageOfFairMarketValueOfBusinessAcquisitionToTrustAccountBalance": { "xbrltype": "percentItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "PercentageOfFairMarketValueOfBusinessAcquisitionToTrustAccountBalance", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Percentage of fair market value", "documentation": "Percentage of fair market value of business acquisition to trust account balance." } } }, "auth_ref": [] }, "PTWO_PercentageOfIssuedAndOutstandingSharesAfterInitialPublicOfferingCollectivelyHeldByInitialStockholders": { "xbrltype": "percentItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "PercentageOfIssuedAndOutstandingSharesAfterInitialPublicOfferingCollectivelyHeldByInitialStockholders", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Issued and outstanding shares percentage", "verboseLabel": "Percentage of issued and outstanding shares", "documentation": "Percentage of issued and outstanding shares after the initial public offering collectively held by initial stockholders." } } }, "auth_ref": [] }, "PTWO_PostBusinessCombinationMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "PostBusinessCombinationMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Post Business Combination [Member]", "documentation": "Post Business Combination [Member]" } } }, "auth_ref": [] }, "dei_PreCommencementIssuerTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementIssuerTenderOffer", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Pre-commencement Issuer Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act." } } }, "auth_ref": [ "r559" ] }, "dei_PreCommencementTenderOffer": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "PreCommencementTenderOffer", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Pre-commencement Tender Offer", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act." } } }, "auth_ref": [ "r560" ] }, "us-gaap_PreferredStockParOrStatedValuePerShare": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PreferredStockParOrStatedValuePerShare", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Preferred stock, par value", "documentation": "Face amount or stated value per share of preferred stock nonredeemable or redeemable solely at the option of the issuer." } } }, "auth_ref": [ "r72", "r259" ] }, "us-gaap_PreferredStockSharesAuthorized": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PreferredStockSharesAuthorized", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Preferred stock, shares authorized", "documentation": "The maximum number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) permitted to be issued by an entity's charter and bylaws." } } }, "auth_ref": [ "r72", "r452" ] }, "us-gaap_PreferredStockSharesIssued": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PreferredStockSharesIssued", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Preferred stock, shares issued", "documentation": "Total number of nonredeemable preferred shares (or preferred stock redeemable solely at the option of the issuer) issued to shareholders (includes related preferred shares that were issued, repurchased, and remain in the treasury). May be all or portion of the number of preferred shares authorized. Excludes preferred shares that are classified as debt." } } }, "auth_ref": [ "r72", "r259" ] }, "us-gaap_PreferredStockSharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PreferredStockSharesOutstanding", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Preferred stock, shares outstanding", "documentation": "Aggregate share number for all nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer) held by stockholders. Does not include preferred shares that have been repurchased." } } }, "auth_ref": [ "r72", "r452", "r471", "r630", "r631" ] }, "us-gaap_PreferredStockValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PreferredStockValue", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Preferred stock, $0.0001 par value; 1,000,000 shares authorized; no shares issued and outstanding", "documentation": "Aggregate par or stated value of issued nonredeemable preferred stock (or preferred stock redeemable solely at the option of the issuer). This item includes treasury stock repurchased by the entity. Note: elements for number of nonredeemable preferred shares, par value and other disclosure concepts are in another section within stockholders' equity." } } }, "auth_ref": [ "r72", "r402", "r539" ] }, "us-gaap_PrepaidExpenseCurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PrepaidExpenseCurrent", "crdr": "debit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_AssetsCurrent", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Prepaid expenses", "documentation": "Amount of asset related to consideration paid in advance for costs that provide economic benefits within a future period of one year or the normal operating cycle, if longer." } } }, "auth_ref": [ "r125", "r224", "r225", "r519" ] }, "us-gaap_PrivatePlacementMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PrivatePlacementMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/PrivatePlacementDetailsNarrative", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Private Placement [Member]", "documentation": "A private placement is a direct offering of securities to a limited number of sophisticated investors such as insurance companies, pension funds, mezzanine funds, stock funds and trusts." } } }, "auth_ref": [] }, "PTWO_PrivatePlacementTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "PrivatePlacementTextBlock", "presentation": [ "http://ponocorp.com/role/PrivatePlacement" ], "lang": { "en-us": { "role": { "label": "PRIVATE PLACEMENT", "documentation": "Private Placement [Text Block]" } } }, "auth_ref": [] }, "us-gaap_ProceedsFromConvertibleDebt": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ProceedsFromConvertibleDebt", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 1.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Proceeds from convertible promissory note", "documentation": "The cash inflow from the issuance of a long-term debt instrument which can be exchanged for a specified amount of another security, typically the entity's common stock, at the option of the issuer or the holder." } } }, "auth_ref": [ "r24" ] }, "us-gaap_ProceedsFromIssuanceInitialPublicOffering": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ProceedsFromIssuanceInitialPublicOffering", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails" ], "lang": { "en-us": { "role": { "label": "Gross proceeds from initial public offering", "verboseLabel": "Gross proceeds", "terseLabel": "Proceeds from initial public offering", "documentation": "The cash inflow associated with the amount received from entity's first offering of stock to the public." } } }, "auth_ref": [ "r2" ] }, "us-gaap_ProceedsFromIssuanceOfCommonStock": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ProceedsFromIssuanceOfCommonStock", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Proceeds from issuance of Class B common stock to Sponsor", "documentation": "The cash inflow from the additional capital contribution to the entity." } } }, "auth_ref": [ "r2" ] }, "us-gaap_ProceedsFromIssuanceOfPrivatePlacement": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ProceedsFromIssuanceOfPrivatePlacement", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/PrivatePlacementDetailsNarrative", "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Proceeds from sale of private placement units", "verboseLabel": "Gross proceeds from private placement", "documentation": "The cash inflow associated with the amount received from entity's raising of capital via private rather than public placement." } } }, "auth_ref": [ "r2" ] }, "us-gaap_ProceedsFromIssuanceOfWarrants": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ProceedsFromIssuanceOfWarrants", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails" ], "lang": { "en-us": { "role": { "negatedLabel": "Proceeds allocated to Public Warrants", "label": "Proceeds from Issuance of Warrants", "documentation": "The cash inflow from issuance of rights to purchase common shares at predetermined price (usually issued together with corporate debt)." } } }, "auth_ref": [ "r2" ] }, "us-gaap_ProceedsFromIssuanceOrSaleOfEquity": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ProceedsFromIssuanceOrSaleOfEquity", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Net Proceeds", "documentation": "The cash inflow from the issuance of common stock, preferred stock, treasury stock, stock options, and other types of equity." } } }, "auth_ref": [ "r2", "r420" ] }, "us-gaap_ProceedsFromOtherEquity": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ProceedsFromOtherEquity", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 5.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Proceeds from sale of Units, net of underwriting discount paid", "documentation": "Amount of cash inflow from the issuance of equity classified as other." } } }, "auth_ref": [ "r2" ] }, "us-gaap_ProceedsFromRelatedPartyDebt": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ProceedsFromRelatedPartyDebt", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Proceeds from promissory note - related party", "documentation": "The cash inflow from a long-term borrowing made from related parties where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Proceeds from Advances from Affiliates." } } }, "auth_ref": [ "r24" ] }, "PTWO_ProceedsFromSaleOfTrustAssetsToPayExpense": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "ProceedsFromSaleOfTrustAssetsToPayExpense", "crdr": "debit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": 1.0, "order": 2.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "label": "Proceeds from Trust Account to pay taxes", "documentation": "Proceeds from sale of trust assets to pay expense." } } }, "auth_ref": [] }, "PTWO_ProceedsFromTrustAccountForPaymentToRedeemingShareholders": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "ProceedsFromTrustAccountForPaymentToRedeemingShareholders", "crdr": "credit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInInvestingActivities", "weight": -1.0, "order": 3.0 } }, "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Proceeds from Trust Account for payment to redeeming shareholders", "documentation": "Proceeds from trust account for payment to redeeming shareholders.", "label": "ProceedsFromTrustAccountForPaymentToRedeemingShareholders" } } }, "auth_ref": [] }, "PTWO_PromissoryNoteMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "PromissoryNoteMember", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Promissory Note [Member]", "documentation": "Promissory Note [Member]" } } }, "auth_ref": [] }, "us-gaap_PropertyPlantAndEquipmentLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "PropertyPlantAndEquipmentLineItems", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Property, Plant and Equipment [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "PTWO_PublicWarrantMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "PublicWarrantMember", "presentation": [ "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Public Warrant [Member]", "documentation": "Public Warrant [Member]" } } }, "auth_ref": [] }, "PTWO_PublicWarrantsAndPlacementWarrantsMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "PublicWarrantsAndPlacementWarrantsMember", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Public Warrants and Placement Warrants [Member]", "documentation": "Public Warrants and Placement Warrants [Member]" } } }, "auth_ref": [] }, "srt_RangeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2023", "localname": "RangeAxis", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Statistical Measurement [Axis]" } } }, "auth_ref": [ "r228", "r229", "r230", "r231", "r276", "r284", "r285", "r286", "r287", "r359", "r383", "r412", "r442", "r443", "r505", "r506", "r507", "r508", "r509", "r517", "r518", "r525", "r532", "r538", "r540", "r543", "r601", "r605", "r620", "r621", "r622", "r623", "r624" ] }, "srt_RangeMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2023", "localname": "RangeMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "auth_ref": [ "r228", "r229", "r230", "r231", "r276", "r284", "r285", "r286", "r287", "r359", "r383", "r412", "r442", "r443", "r505", "r506", "r507", "r508", "r509", "r517", "r518", "r525", "r532", "r538", "r540", "r543", "r601", "r605", "r620", "r621", "r622", "r623", "r624" ] }, "PTWO_RedeemableWarrantsEachWarrantExercisableForOneShareOfClassCommonStockAtExercisePriceOf11.50PerShareMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "RedeemableWarrantsEachWarrantExercisableForOneShareOfClassCommonStockAtExercisePriceOf11.50PerShareMember", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Redeemable Warrants, each warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share", "documentation": "Redeemable warrants, each warrant exercisable for one share of class a common stock at an exercise price of $11.50 per share." } } }, "auth_ref": [] }, "us-gaap_RelatedPartyDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "RelatedPartyDomain", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "documentation": "Related parties include affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests." } } }, "auth_ref": [ "r283", "r345", "r346", "r445", "r446", "r447", "r448", "r449", "r470", "r472", "r504" ] }, "us-gaap_RelatedPartyMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "RelatedPartyMember", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Related Party [Member]", "documentation": "Party related to reporting entity. Includes, but is not limited to, affiliate, entity for which investment is accounted for by equity method, trust for benefit of employees, and principal owner, management, and members of immediate family." } } }, "auth_ref": [ "r141", "r142", "r345", "r346", "r347", "r348", "r445", "r446", "r447", "r448", "r449", "r470", "r472", "r504" ] }, "us-gaap_RelatedPartyTransactionLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "RelatedPartyTransactionLineItems", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Related Party Transaction [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r477", "r478", "r481" ] }, "us-gaap_RelatedPartyTransactionsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "RelatedPartyTransactionsAbstract", "lang": { "en-us": { "role": { "label": "Related Party Transactions [Abstract]" } } }, "auth_ref": [] }, "us-gaap_RelatedPartyTransactionsByRelatedPartyAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "RelatedPartyTransactionsByRelatedPartyAxis", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Related Party, Type [Axis]", "documentation": "Information by type of related party. Related parties include, but not limited to, affiliates; other entities for which investments are accounted for by the equity method by the entity; trusts for benefit of employees; and principal owners, management, and members of immediate families. It also may include other parties with which the entity may control or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests." } } }, "auth_ref": [ "r283", "r345", "r346", "r385", "r386", "r387", "r388", "r389", "r390", "r391", "r392", "r393", "r394", "r395", "r396", "r445", "r446", "r447", "r448", "r449", "r470", "r472", "r504", "r616" ] }, "us-gaap_RelatedPartyTransactionsDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "RelatedPartyTransactionsDisclosureTextBlock", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactions" ], "lang": { "en-us": { "role": { "label": "RELATED PARTY TRANSACTIONS", "documentation": "The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates." } } }, "auth_ref": [ "r342", "r343", "r344", "r346", "r349", "r426", "r427", "r428", "r479", "r480", "r481", "r501", "r503" ] }, "us-gaap_RepaymentsOfRelatedPartyDebt": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "RepaymentsOfRelatedPartyDebt", "crdr": "credit", "calculation": { "http://ponocorp.com/role/StatementsOfCashFlows": { "parentTag": "us-gaap_NetCashProvidedByUsedInFinancingActivities", "weight": -1.0, "order": 7.0 } }, "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "negatedLabel": "Repayment of Promissory note - related party", "label": "Repayments of related party debt", "documentation": "The cash outflow for the payment of a long-term borrowing made from a related party where one party can exercise control or significant influence over another party; including affiliates, owners or officers and their immediate families, pension trusts, and so forth. Alternate caption: Payments for Advances from Affiliates." } } }, "auth_ref": [ "r26" ] }, "us-gaap_RetainedEarningsAccumulatedDeficit": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "RetainedEarningsAccumulatedDeficit", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_StockholdersEquity", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Accumulated deficit", "negatedLabel": "Accumulated deficit", "documentation": "Amount of accumulated undistributed earnings (deficit)." } } }, "auth_ref": [ "r75", "r93", "r405", "r416", "r417", "r424", "r453", "r539" ] }, "us-gaap_RetainedEarningsMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "RetainedEarningsMember", "presentation": [ "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "Retained Earnings [Member]", "documentation": "Accumulated undistributed earnings (deficit)." } } }, "auth_ref": [ "r117", "r145", "r146", "r147", "r149", "r155", "r157", "r214", "r215", "r288", "r289", "r290", "r306", "r307", "r320", "r322", "r323", "r325", "r328", "r413", "r415", "r429", "r630" ] }, "PTWO_SBCMedicalGroupHoldingsLLCMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "SBCMedicalGroupHoldingsLLCMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "SBC Medical Group Holdings LLC [Member]", "documentation": "SBC Medical Group Holdings LLC [Member]" } } }, "auth_ref": [] }, "us-gaap_SaleOfStockNameOfTransactionDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SaleOfStockNameOfTransactionDomain", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/PrivatePlacementDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficitParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "documentation": "Sale of the entity's stock, including, but not limited to, initial public offering (IPO) and private placement." } } }, "auth_ref": [] }, "us-gaap_SaleOfStockNumberOfSharesIssuedInTransaction": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SaleOfStockNumberOfSharesIssuedInTransaction", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/PrivatePlacementDetailsNarrative", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Number of shares issued", "verboseLabel": "Sale of stock, number of shares issued in transaction", "documentation": "The number of shares issued or sold by the subsidiary or equity method investee per stock transaction." } } }, "auth_ref": [] }, "us-gaap_SaleOfStockPricePerShare": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SaleOfStockPricePerShare", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/PrivatePlacementDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Sale of stock price per share", "verboseLabel": "Sale of stock, price per share", "terseLabel": "Sale price per share", "documentation": "Per share amount received by subsidiary or equity investee for each share of common stock issued or sold in the stock transaction." } } }, "auth_ref": [] }, "us-gaap_SalesAndExciseTaxPayableCurrent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SalesAndExciseTaxPayableCurrent", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_LiabilitiesCurrent", "weight": 1.0, "order": 6.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Excise tax payable", "verboseLabel": "Excise tax liability", "documentation": "Carrying value as of the balance sheet date of liabilities incurred through that date and payable for statutory sales and use taxes, including value added tax. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer)." } } }, "auth_ref": [ "r14" ] }, "us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock", "presentation": [ "http://ponocorp.com/role/IncomeTaxesTables" ], "lang": { "en-us": { "role": { "label": "SCHEDULE OF NET DEFERRED TAX ASSETS AND LIABILITIES", "documentation": "Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets." } } }, "auth_ref": [ "r95" ] }, "us-gaap_ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesTables" ], "lang": { "en-us": { "role": { "label": "SCHEDULE OF BASIC AND DILUTED NET INCOME PER SHARE", "documentation": "Tabular disclosure of an entity's basic and diluted earnings per share calculations, including a reconciliation of numerators and denominators of the basic and diluted per-share computations for income from continuing operations." } } }, "auth_ref": [ "r593" ] }, "us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock", "presentation": [ "http://ponocorp.com/role/IncomeTaxesTables" ], "lang": { "en-us": { "role": { "label": "SCHEDULE OF FEDERAL INCOME TAX RATE", "documentation": "Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations." } } }, "auth_ref": [ "r94" ] }, "us-gaap_ScheduleOfFairValueOffBalanceSheetRisksTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ScheduleOfFairValueOffBalanceSheetRisksTable", "presentation": [ "http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails" ], "lang": { "en-us": { "role": { "label": "Schedule of Fair Value, off-Balance-Sheet Risks [Table]", "documentation": "Schedule detailing the information required and determined to be disclosed regarding the fair value of financial assets and financial liabilities, which are not recognized in the financial statements (off-balance sheet) because they fail to meet some other criterion for recognition." } } }, "auth_ref": [ "r62", "r99" ] }, "us-gaap_ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock", "presentation": [ "http://ponocorp.com/role/IncomeTaxesTables" ], "lang": { "en-us": { "role": { "label": "SCHEDULE OF INCOME TAX PROVISION", "documentation": "Tabular disclosure of income before income tax between domestic and foreign jurisdictions." } } }, "auth_ref": [ "r588" ] }, "us-gaap_ScheduleOfPropertyPlantAndEquipmentTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ScheduleOfPropertyPlantAndEquipmentTable", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Property, Plant and Equipment [Table]", "documentation": "Disclosure of information about physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation." } } }, "auth_ref": [ "r5" ] }, "us-gaap_ScheduleOfRelatedPartyTransactionsByRelatedPartyTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ScheduleOfRelatedPartyTransactionsByRelatedPartyTable", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Schedule of Related Party Transactions, by Related Party [Table]", "documentation": "Schedule of quantitative and qualitative information pertaining to related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates." } } }, "auth_ref": [ "r63", "r64", "r477", "r478", "r481" ] }, "us-gaap_ScheduleOfStockByClassTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ScheduleOfStockByClassTable", "presentation": [ "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Schedule of Stock by Class [Table]", "documentation": "Schedule detailing information related to equity by class of stock. Class of stock includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. It also includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity." } } }, "auth_ref": [ "r40", "r41", "r42", "r43", "r44", "r45", "r46", "r91", "r92", "r93", "r122", "r123", "r124", "r174", "r259", "r260", "r261", "r263", "r266", "r271", "r273", "r420", "r421", "r422", "r423", "r532", "r573", "r585" ] }, "us-gaap_ScheduleOfStockByClassTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ScheduleOfStockByClassTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesTables" ], "lang": { "en-us": { "role": { "label": "SCHEDULE OF REDEEMABLE CLASS A COMMON STOCK", "documentation": "Tabular disclosure of an entity's stock, including par or stated value per share, number and dollar amount of share subscriptions, shares authorized, shares issued, shares outstanding, number and dollar amount of shares held in an employee trust, dividend per share, total dividends, share conversion features, par value plus additional paid in capital, the value of treasury stock and other information necessary to a fair presentation, and EPS information. Stock by class includes common, convertible, and preferred stocks which are not redeemable or redeemable solely at the option of the issuer. Includes preferred stock with redemption features that are solely within the control of the issuer and mandatorily redeemable stock if redemption is required to occur only upon liquidation or termination of the reporting entity. If more than one issue is outstanding, state the title of each issue and the corresponding dollar amount; dollar amount of any shares subscribed but unissued and the deduction of subscriptions receivable there from; number of shares authorized, issued, and outstanding." } } }, "auth_ref": [ "r13", "r39", "r41", "r42", "r43", "r44", "r45", "r46", "r72", "r73", "r91", "r92", "r93" ] }, "dei_Security12bTitle": { "xbrltype": "securityTitleItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "Security12bTitle", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Title of 12(b) Security", "documentation": "Title of a 12(b) registered security." } } }, "auth_ref": [ "r553" ] }, "dei_Security12gTitle": { "xbrltype": "securityTitleItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "Security12gTitle", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Title of 12(g) Security", "documentation": "Title of a 12(g) registered security." } } }, "auth_ref": [ "r557" ] }, "dei_SecurityExchangeName": { "xbrltype": "edgarExchangeCodeItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SecurityExchangeName", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Security Exchange Name", "documentation": "Name of the Exchange on which a security is registered." } } }, "auth_ref": [ "r556" ] }, "dei_SecurityReportingObligation": { "xbrltype": "securityReportingObligationItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SecurityReportingObligation", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Security Reporting Obligation", "documentation": "15(d), indicating whether the security has a reporting obligation under that section of the Exchange Act." } } }, "auth_ref": [ "r561" ] }, "us-gaap_SharePrice": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SharePrice", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Non redeeming share price", "verboseLabel": "Share price", "documentation": "Price of a single share of a number of saleable stocks of a company." } } }, "auth_ref": [] }, "PTWO_ShareholderNonredemptionAgreement": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "ShareholderNonredemptionAgreement", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StatementsOfCashFlows" ], "lang": { "en-us": { "role": { "verboseLabel": "Shareholder non-redemption agreement", "documentation": "Shareholder non redemption agreement.", "label": "ShareholderNonredemptionAgreement" } } }, "auth_ref": [] }, "us-gaap_SharesIssuedPricePerShare": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SharesIssuedPricePerShare", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Shares issued price per share", "documentation": "Per share or per unit amount of equity securities issued." } } }, "auth_ref": [] }, "us-gaap_SharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SharesOutstanding", "presentation": [ "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "periodStartLabel": "Balance, shares", "periodEndLabel": "Balance, shares", "label": "Shares, Outstanding", "documentation": "Number of shares issued which are neither cancelled nor held in the treasury." } } }, "auth_ref": [] }, "us-gaap_SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Common Stock Subject to Possible Redemption", "documentation": "Disclosure of accounting policy for recognition of changes in redemption value of mandatorily redeemable shares. Provides the period over which changes in redemption value are accreted, usually from the issuance date (or from the date that it becomes probable that the security will become redeemable, if later) to the earliest redemption date of the security." } } }, "auth_ref": [] }, "us-gaap_ShortTermDebtTypeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ShortTermDebtTypeAxis", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Short-Term Debt, Type [Axis]", "documentation": "Information by type of short-term debt arrangement." } } }, "auth_ref": [ "r15" ] }, "us-gaap_ShortTermDebtTypeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ShortTermDebtTypeDomain", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "documentation": "Type of short-term debt arrangement, such as notes, line of credit, commercial paper, asset-based financing, project financing, letter of credit financing." } } }, "auth_ref": [ "r14" ] }, "us-gaap_ShorttermDebtAverageOutstandingAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ShorttermDebtAverageOutstandingAmount", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Outstanding amount", "documentation": "For the form of debt having an initial term of less than one year or less than the normal operating cycle, if longer, average borrowings during the period." } } }, "auth_ref": [ "r115", "r116", "r482" ] }, "us-gaap_SignificantAccountingPoliciesTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SignificantAccountingPoliciesTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPolicies" ], "lang": { "en-us": { "role": { "label": "SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES", "documentation": "The entire disclosure for all significant accounting policies of the reporting entity." } } }, "auth_ref": [ "r85", "r137" ] }, "dei_SolicitingMaterial": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "SolicitingMaterial", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Soliciting Material", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as soliciting material pursuant to Rule 14a-12 under the Exchange Act." } } }, "auth_ref": [ "r562" ] }, "PTWO_SponsorMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "SponsorMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Sponsor [Member]", "documentation": "Sponsor [Member]" } } }, "auth_ref": [] }, "us-gaap_StatementClassOfStockAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StatementClassOfStockAxis", "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/Cover", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails", "http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficitParenthetical", "http://ponocorp.com/role/StatementsOfOperations", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative", "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Class of Stock [Axis]", "documentation": "Information by the different classes of stock of the entity." } } }, "auth_ref": [ "r115", "r122", "r123", "r124", "r139", "r161", "r162", "r169", "r171", "r174", "r175", "r213", "r232", "r234", "r235", "r236", "r239", "r240", "r259", "r260", "r263", "r266", "r273", "r332", "r420", "r421", "r422", "r423", "r429", "r430", "r431", "r432", "r433", "r434", "r435", "r436", "r437", "r438", "r439", "r441", "r452", "r474", "r497", "r510", "r511", "r512", "r513", "r514", "r573", "r585", "r592" ] }, "us-gaap_StatementEquityComponentsAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StatementEquityComponentsAxis", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Equity Components [Axis]", "documentation": "Information by component of equity." } } }, "auth_ref": [ "r7", "r23", "r117", "r130", "r131", "r132", "r145", "r146", "r147", "r149", "r155", "r157", "r173", "r214", "r215", "r275", "r288", "r289", "r290", "r306", "r307", "r320", "r321", "r322", "r323", "r324", "r325", "r328", "r333", "r334", "r335", "r336", "r337", "r338", "r341", "r413", "r414", "r415", "r429", "r497" ] }, "us-gaap_StatementLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StatementLineItems", "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/Cover", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails", "http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficitParenthetical", "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "label": "Statement [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [ "r145", "r146", "r147", "r173", "r384", "r418", "r441", "r444", "r445", "r446", "r447", "r448", "r449", "r452", "r455", "r456", "r457", "r458", "r459", "r461", "r462", "r463", "r464", "r466", "r467", "r468", "r469", "r470", "r472", "r475", "r476", "r483", "r484", "r485", "r486", "r487", "r488", "r489", "r490", "r491", "r492", "r493", "r494", "r497", "r544" ] }, "us-gaap_StatementOfCashFlowsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StatementOfCashFlowsAbstract", "lang": { "en-us": { "role": { "label": "Statement of Cash Flows [Abstract]" } } }, "auth_ref": [] }, "us-gaap_StatementOfFinancialPositionAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StatementOfFinancialPositionAbstract", "auth_ref": [] }, "us-gaap_StatementOfStockholdersEquityAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StatementOfStockholdersEquityAbstract", "auth_ref": [] }, "us-gaap_StatementTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StatementTable", "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/Cover", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails", "http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficitParenthetical", "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "label": "Statement [Table]", "documentation": "Schedule reflecting a Statement of Income, Statement of Cash Flows, Statement of Financial Position, Statement of Shareholders' Equity and Other Comprehensive Income, or other statement as needed." } } }, "auth_ref": [ "r145", "r146", "r147", "r173", "r384", "r418", "r441", "r444", "r445", "r446", "r447", "r448", "r449", "r452", "r455", "r456", "r457", "r458", "r459", "r461", "r462", "r463", "r464", "r466", "r467", "r468", "r469", "r470", "r472", "r475", "r476", "r483", "r484", "r485", "r486", "r487", "r488", "r489", "r490", "r491", "r492", "r493", "r494", "r497", "r544" ] }, "us-gaap_StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Common stock not subject to possible redemption", "verboseLabel": "Conversion of Class B common stock to Class A common stock, shares", "terseLabel": "Common stock shares converted", "documentation": "Number of shares issued during the period as a result of the conversion of convertible securities." } } }, "auth_ref": [ "r7", "r22", "r43", "r93", "r251" ] }, "us-gaap_StockIssuedDuringPeriodSharesNewIssues": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockIssuedDuringPeriodSharesNewIssues", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "Issuance of Class B common stock to Sponsor, shares", "verboseLabel": "Shares issued to sponsor", "terseLabel": "Sponsor shares issued", "documentation": "Number of new stock issued during the period." } } }, "auth_ref": [ "r7", "r72", "r73", "r93", "r420", "r497", "r511" ] }, "us-gaap_StockIssuedDuringPeriodSharesOther": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockIssuedDuringPeriodSharesOther", "presentation": [ "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "Issuance of Placement Units, shares", "documentation": "Number of shares of stock issued attributable to transactions classified as other." } } }, "auth_ref": [] }, "PTWO_StockIssuedDuringPeriodSharesRepresentativeShares": { "xbrltype": "sharesItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "StockIssuedDuringPeriodSharesRepresentativeShares", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Issuance of Representative Shares, shares", "verboseLabel": "Representative shares issued, shares", "documentation": "Stock issued during period shares representative shares." } } }, "auth_ref": [] }, "us-gaap_StockIssuedDuringPeriodSharesShareBasedCompensationForfeited": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockIssuedDuringPeriodSharesShareBasedCompensationForfeited", "presentation": [ "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficitParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Share-based payment arrangement, forfeited", "verboseLabel": "Share subject to forfeiture", "documentation": "Number of shares (or other type of equity) forfeited during the period." } } }, "auth_ref": [] }, "us-gaap_StockIssuedDuringPeriodValueConversionOfConvertibleSecurities": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockIssuedDuringPeriodValueConversionOfConvertibleSecurities", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "Conversion of Class B common stock to Class A common stock", "documentation": "The gross value of stock issued during the period upon the conversion of convertible securities." } } }, "auth_ref": [ "r7", "r23", "r93" ] }, "us-gaap_StockIssuedDuringPeriodValueIssuedForServices": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockIssuedDuringPeriodValueIssuedForServices", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Shares puchase to affiliates", "documentation": "Value of stock issued in lieu of cash for services contributed to the entity. Value of the stock issued includes, but is not limited to, services contributed by vendors and founders." } } }, "auth_ref": [] }, "us-gaap_StockIssuedDuringPeriodValueNewIssues": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockIssuedDuringPeriodValueNewIssues", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "Issuance of Class B common stock to Sponsor", "verboseLabel": "Value of sponsor shares issued", "terseLabel": "Number of stock issued, value", "documentation": "Equity impact of the value of new stock issued during the period. Includes shares issued in an initial public offering or a secondary public offering." } } }, "auth_ref": [ "r7", "r72", "r73", "r93", "r429", "r497", "r511", "r550" ] }, "us-gaap_StockIssuedDuringPeriodValueOther": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockIssuedDuringPeriodValueOther", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "Issuance of Placement Units", "documentation": "Value of shares of stock issued attributable to transactions classified as other." } } }, "auth_ref": [] }, "PTWO_StockIssuedDuringPeriodValueRepresentativeShares": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "StockIssuedDuringPeriodValueRepresentativeShares", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "Issuance of Representative shares", "verboseLabel": "Representative shares issued, value", "documentation": "Stock issued during period value representative shares." } } }, "auth_ref": [] }, "us-gaap_StockRedeemedOrCalledDuringPeriodShares": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockRedeemedOrCalledDuringPeriodShares", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Aggregate redeemed shares", "verboseLabel": "Redeemed shares", "documentation": "Number of stock bought back by the entity at the exercise price or redemption price." } } }, "auth_ref": [ "r7" ] }, "us-gaap_StockRedeemedOrCalledDuringPeriodValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockRedeemedOrCalledDuringPeriodValue", "crdr": "debit", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Shares redeemed value", "verboseLabel": "Common stock subject to possible redemption", "documentation": "Equity impact of the value of stock bought back by the entity at the exercise price or redemption price." } } }, "auth_ref": [ "r7" ] }, "us-gaap_StockholdersEquity": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockholdersEquity", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0, "order": 4.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficit" ], "lang": { "en-us": { "role": { "totalLabel": "Total Stockholders\u2019 Deficit", "periodStartLabel": "Balance", "periodEndLabel": "Balance", "label": "Equity, Attributable to Parent", "documentation": "Amount of equity (deficit) attributable to parent. Excludes temporary equity and equity attributable to noncontrolling interest." } } }, "auth_ref": [ "r73", "r76", "r77", "r87", "r454", "r471", "r498", "r499", "r539", "r551", "r587", "r599", "r613", "r630" ] }, "us-gaap_StockholdersEquityAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockholdersEquityAbstract", "presentation": [ "http://ponocorp.com/role/BalanceSheets" ], "lang": { "en-us": { "role": { "label": "Stockholders\u2019 Deficit:" } } }, "auth_ref": [] }, "us-gaap_StockholdersEquityNoteDisclosureTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "StockholdersEquityNoteDisclosureTextBlock", "presentation": [ "http://ponocorp.com/role/StockholdersDeficit" ], "lang": { "en-us": { "role": { "label": "STOCKHOLDERS\u2019 DEFICIT", "documentation": "The entire disclosure for equity." } } }, "auth_ref": [ "r90", "r138", "r258", "r260", "r262", "r263", "r264", "r265", "r266", "r267", "r268", "r269", "r270", "r272", "r275", "r327", "r500", "r502", "r515" ] }, "us-gaap_SubsequentEventLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SubsequentEventLineItems", "presentation": [ "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Subsequent Event [Line Items]", "documentation": "Detail information of subsequent event by type. User is expected to use existing line items from elsewhere in the taxonomy as the primary line items for this disclosure, which is further associated with dimension and member elements pertaining to a subsequent event." } } }, "auth_ref": [ "r339", "r351" ] }, "us-gaap_SubsequentEventMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SubsequentEventMember", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Subsequent Event [Member]", "documentation": "Identifies event that occurred after the balance sheet date but before financial statements are issued or available to be issued." } } }, "auth_ref": [ "r339", "r351" ] }, "us-gaap_SubsequentEventTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SubsequentEventTable", "presentation": [ "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Subsequent Event [Table]", "documentation": "Discloses pertinent information about one or more significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued." } } }, "auth_ref": [ "r339", "r351" ] }, "us-gaap_SubsequentEventTypeAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SubsequentEventTypeAxis", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Subsequent Event Type [Axis]", "documentation": "Information by event that occurred after the balance sheet date but before financial statements are issued or available to be issued." } } }, "auth_ref": [ "r339", "r351" ] }, "us-gaap_SubsequentEventTypeDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SubsequentEventTypeDomain", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "documentation": "Event that occurred after the balance sheet date but before financial statements are issued or available to be issued." } } }, "auth_ref": [ "r339", "r351" ] }, "us-gaap_SubsequentEventsAbstract": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SubsequentEventsAbstract", "lang": { "en-us": { "role": { "label": "Subsequent Events [Abstract]" } } }, "auth_ref": [] }, "us-gaap_SubsequentEventsTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SubsequentEventsTextBlock", "presentation": [ "http://ponocorp.com/role/SubsequentEvents" ], "lang": { "en-us": { "role": { "label": "SUBSEQUENT EVENTS", "documentation": "The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business." } } }, "auth_ref": [ "r350", "r352" ] }, "us-gaap_SubsidiaryOrEquityMethodInvesteeSaleOfStockBySubsidiaryOrEquityInvesteeTable": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SubsidiaryOrEquityMethodInvesteeSaleOfStockBySubsidiaryOrEquityInvesteeTable", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/PrivatePlacementDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Subsidiary or Equity Method Investee, Sale of Stock by Subsidiary or Equity Investee [Table]", "documentation": "Different names of stock transactions and the different attributes of each transaction." } } }, "auth_ref": [] }, "us-gaap_SubsidiarySaleOfStockAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SubsidiarySaleOfStockAxis", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/InitialPublicOfferingDetailsNarrative", "http://ponocorp.com/role/PrivatePlacementDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/StatementsOfChangesInStockholdersDeficitParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Sale of Stock [Axis]", "documentation": "Information by type of sale of the entity's stock." } } }, "auth_ref": [] }, "us-gaap_SubsidiarySaleOfStockLineItems": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "SubsidiarySaleOfStockLineItems", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/PrivatePlacementDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Subsidiary, Sale of Stock [Line Items]", "documentation": "Line items represent financial concepts included in a table. These concepts are used to disclose reportable information associated with domain members defined in one or many axes to the table." } } }, "auth_ref": [] }, "us-gaap_TemporaryEquityAccretionToRedemptionValue": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "TemporaryEquityAccretionToRedemptionValue", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Accretion of Class A common stock subject to redemption to redemption amount", "label": "Temporary Equity, Accretion to Redemption Value", "documentation": "Value of accretion of temporary equity to its redemption value during the period." } } }, "auth_ref": [] }, "us-gaap_TemporaryEquityCarryingAmountAttributableToParent": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "TemporaryEquityCarryingAmountAttributableToParent", "crdr": "credit", "calculation": { "http://ponocorp.com/role/BalanceSheets": { "parentTag": "us-gaap_LiabilitiesAndStockholdersEquity", "weight": 1.0, "order": 3.0 } }, "presentation": [ "http://ponocorp.com/role/BalanceSheets", "http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails" ], "lang": { "en-us": { "role": { "label": "Class A common stock subject to possible redemption, 1,922,750 and 11,500,000 shares at redemption value of $10.72 and $10.32 per share as of December 31, 2023 and 2022, respectively", "periodStartLabel": "Class A common stock subject to possible redemption", "periodEndLabel": "Class A common stock subject to possible redemption", "documentation": "Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer." } } }, "auth_ref": [ "r232", "r234", "r235", "r236", "r239", "r240", "r291", "r404" ] }, "PTWO_TemporaryEquityCarryingAmountRedemptionValue": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "TemporaryEquityCarryingAmountRedemptionValue", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails" ], "lang": { "en-us": { "role": { "verboseLabel": "Accretion of Class A common stock subject to redemption to redemption amount", "documentation": "Temporary equity carrying amount redemption value.", "label": "TemporaryEquityCarryingAmountRedemptionValue" } } }, "auth_ref": [] }, "PTWO_TemporaryEquityIssuanceCostsAllocatedToCommonStock": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "TemporaryEquityIssuanceCostsAllocatedToCommonStock", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/ScheduleOfRedeemableClassCommonStockDetails" ], "lang": { "en-us": { "role": { "label": "Issuance costs allocated to Class A common stock", "documentation": "Temporary equity issuance costs allocated to common stock." } } }, "auth_ref": [] }, "us-gaap_TemporaryEquityRedemptionPricePerShare": { "xbrltype": "perShareItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "TemporaryEquityRedemptionPricePerShare", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical" ], "lang": { "en-us": { "role": { "label": "Redemption of shares, par value", "documentation": "Amount to be paid per share that is classified as temporary equity by entity upon redemption. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer." } } }, "auth_ref": [ "r11", "r39" ] }, "us-gaap_TemporaryEquitySharesAuthorized": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "TemporaryEquitySharesAuthorized", "presentation": [ "http://ponocorp.com/role/BalanceSheetsParenthetical", "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Common stock subject to possible redemption", "documentation": "The maximum number of securities classified as temporary equity that are permitted to be issued by an entity's charter and bylaws. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer." } } }, "auth_ref": [ "r71" ] }, "us-gaap_TemporaryEquitySharesIssued": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "TemporaryEquitySharesIssued", "presentation": [ "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Temporary equity shares issued", "documentation": "The number of securities classified as temporary equity that have been sold (or granted) to the entity's shareholders. Securities issued include securities outstanding and securities held in treasury. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer." } } }, "auth_ref": [ "r71" ] }, "us-gaap_TemporaryEquitySharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "TemporaryEquitySharesOutstanding", "presentation": [ "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Temporary equity shares outstanding", "documentation": "The number of securities classified as temporary equity that have been issued and are held by the entity's shareholders. Securities outstanding equals securities issued minus securities held in treasury. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. If convertible, the issuer does not control the actions or events necessary to issue the maximum number of shares that could be required to be delivered under the conversion option if the holder exercises the option to convert the stock to another class of equity. If the security is a warrant or a rights issue, the warrant or rights issue is considered to be temporary equity if the issuer cannot demonstrate that it would be able to deliver upon the exercise of the option by the holder in all cases. Includes stock with put option held by ESOP and stock redeemable by holder only in the event of a change in control of the issuer." } } }, "auth_ref": [ "r71" ] }, "srt_TitleOfIndividualAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/srt/2023", "localname": "TitleOfIndividualAxis", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Title of Individual [Axis]" } } }, "auth_ref": [ "r594", "r615" ] }, "srt_TitleOfIndividualWithRelationshipToEntityDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/srt/2023", "localname": "TitleOfIndividualWithRelationshipToEntityDomain", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative", "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative" ], "auth_ref": [] }, "dei_TradingSymbol": { "xbrltype": "tradingSymbolItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "TradingSymbol", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Trading Symbol", "documentation": "Trading symbol of an instrument as listed on an exchange." } } }, "auth_ref": [] }, "us-gaap_TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "TransfersAndServicingOfFinancialInstrumentsTypesOfFinancialInstrumentsDomain", "presentation": [ "http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails" ], "lang": { "en-us": { "role": { "documentation": "Instrument or contract that imposes a contractual obligation to deliver cash or another financial instrument or to exchange other financial instruments on potentially unfavorable terms and conveys a contractual right to receive cash or another financial instrument or to exchange other financial instruments on potentially favorable terms." } } }, "auth_ref": [ "r183", "r184", "r185", "r186", "r187", "r188", "r189", "r190", "r191", "r192", "r193", "r194", "r195", "r196", "r197", "r198", "r199", "r200", "r201", "r202", "r203", "r204", "r205", "r206", "r207", "r208", "r209", "r210", "r211", "r212", "r257", "r271", "r326", "r353", "r354", "r355", "r356", "r357", "r358", "r359", "r360", "r361", "r362", "r363", "r364", "r365", "r366", "r367", "r368", "r369", "r370", "r371", "r372", "r373", "r374", "r375", "r376", "r377", "r378", "r379", "r380", "r381", "r382", "r409", "r575", "r576", "r577", "r578", "r579", "r580", "r581", "r595", "r596", "r597", "r598" ] }, "us-gaap_TypeOfArrangementAxis": { "xbrltype": "stringItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "TypeOfArrangementAxis", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative", "http://ponocorp.com/role/RelatedPartyTransactionsDetailsNarrative", "http://ponocorp.com/role/SubsequentEventsDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Collaborative Arrangement and Arrangement Other than Collaborative [Axis]", "documentation": "Information by collaborative arrangement and arrangement other than collaborative applicable to revenue-generating activity or operations." } } }, "auth_ref": [ "r315" ] }, "us-gaap_USTreasurySecuritiesMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "USTreasurySecuritiesMember", "presentation": [ "http://ponocorp.com/role/ScheduleOfFinancialAssetsMeasuredAtFairValueOnRecurringBasisDetails" ], "lang": { "en-us": { "role": { "label": "US Treasury Securities [Member]", "documentation": "This category includes information about debt securities issued by the United States Department of the Treasury and backed by the United States government. Such securities primarily consist of treasury bills (short-term maturities - one year or less), treasury notes (intermediate term maturities - two to ten years), and treasury bonds (long-term maturities - ten to thirty years)." } } }, "auth_ref": [ "r521", "r533", "r535", "r625" ] }, "PTWO_UnderwritersMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "UnderwritersMember", "presentation": [ "http://ponocorp.com/role/CommitmentsAndContingenciesDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Underwriters [Member]", "documentation": "Underwriters [Member]" } } }, "auth_ref": [] }, "PTWO_UnitsEachConsistingOfOneShareOfClassCommonStockAndOneRedeemableWarrantMember": { "xbrltype": "domainItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "UnitsEachConsistingOfOneShareOfClassCommonStockAndOneRedeemableWarrantMember", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant", "documentation": "Units, each consisting of one share of class A common stock and one redeemable warrant." } } }, "auth_ref": [] }, "us-gaap_UseOfEstimates": { "xbrltype": "textBlockItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "UseOfEstimates", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Use of Estimates", "documentation": "Disclosure of accounting policy for the use of estimates in the preparation of financial statements in conformity with generally accepted accounting principles." } } }, "auth_ref": [ "r36", "r37", "r38", "r109", "r110", "r112", "r113" ] }, "us-gaap_ValuationAllowanceDeferredTaxAssetChangeInAmount": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "ValuationAllowanceDeferredTaxAssetChangeInAmount", "crdr": "credit", "calculation": { "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails": { "parentTag": "us-gaap_IncomeTaxExpenseBenefit", "weight": -1.0, "order": 5.0 } }, "presentation": [ "http://ponocorp.com/role/IncomeTaxesDetailsNarrative", "http://ponocorp.com/role/ScheduleOfIncomeTaxProvisionDetails" ], "lang": { "en-us": { "role": { "negatedLabel": "Change in valuation allowance", "negatedTerseLabel": "Valuation allowance", "label": "Valuation Allowance, Deferred Tax Asset, Increase (Decrease), Amount", "documentation": "Amount of increase (decrease) in the valuation allowance for a specified deferred tax asset." } } }, "auth_ref": [ "r300" ] }, "us-gaap_WarrantMember": { "xbrltype": "domainItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "WarrantMember", "presentation": [ "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Warrant [Member]", "documentation": "Security that gives the holder the right to purchase shares of stock in accordance with the terms of the instrument, usually upon payment of a specified amount." } } }, "auth_ref": [ "r541", "r542", "r545", "r546", "r547", "r548" ] }, "us-gaap_WarrantsAndRightsOutstanding": { "xbrltype": "monetaryItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "WarrantsAndRightsOutstanding", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/StockholdersDeficitDetailsNarrative" ], "lang": { "en-us": { "role": { "label": "Warrants outstanding", "documentation": "Value of outstanding derivative securities that permit the holder the right to purchase securities (usually equity) from the issuer at a specified price." } } }, "auth_ref": [] }, "PTWO_WarrantsPolicyTextBlock": { "xbrltype": "textBlockItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "WarrantsPolicyTextBlock", "presentation": [ "http://ponocorp.com/role/SummaryOfSignificantAccountingPoliciesPolicies" ], "lang": { "en-us": { "role": { "label": "Warrants", "documentation": "Disclosure of warrants." } } }, "auth_ref": [] }, "us-gaap_WeightedAverageNumberOfDilutedSharesOutstanding": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "WeightedAverageNumberOfDilutedSharesOutstanding", "presentation": [ "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails", "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "label": "Diluted weighted average shares outstanding, Class B common stock", "verboseLabel": "Diluted weighted average shares outstanding", "documentation": "The average number of shares or units issued and outstanding that are used in calculating diluted EPS or earnings per unit (EPU), determined based on the timing of issuance of shares or units in the period." } } }, "auth_ref": [ "r160", "r171" ] }, "us-gaap_WeightedAverageNumberOfSharesOutstandingBasic": { "xbrltype": "sharesItemType", "nsuri": "http://fasb.org/us-gaap/2023", "localname": "WeightedAverageNumberOfSharesOutstandingBasic", "presentation": [ "http://ponocorp.com/role/ScheduleOfBasicAndDilutedNetIncomePerShareDetails", "http://ponocorp.com/role/StatementsOfOperations" ], "lang": { "en-us": { "role": { "label": "Basic weighted average shares outstanding, Class B common stock", "verboseLabel": "Basic weighted average shares outstanding", "documentation": "Number of [basic] shares or units, after adjustment for contingently issuable shares or units and other shares or units not deemed outstanding, determined by relating the portion of time within a reporting period that common shares or units have been outstanding to the total time in that period." } } }, "auth_ref": [ "r158", "r171" ] }, "PTWO_WorkingCapital": { "xbrltype": "monetaryItemType", "nsuri": "http://ponocorp.com/20231231", "localname": "WorkingCapital", "crdr": "credit", "presentation": [ "http://ponocorp.com/role/DescriptionOfOrganizationBusinessOperationsAndGoingConcernDetailsNarrative" ], "lang": { "en-us": { "role": { "negatedLabel": "Working capital deficit", "documentation": "Working capital.", "label": "WorkingCapital" } } }, "auth_ref": [] }, "dei_WrittenCommunications": { "xbrltype": "booleanItemType", "nsuri": "http://xbrl.sec.gov/dei/2023", "localname": "WrittenCommunications", "presentation": [ "http://ponocorp.com/role/Cover" ], "lang": { "en-us": { "role": { "label": "Written Communications", "documentation": "Boolean flag that is true when the Form 8-K filing is intended to satisfy the filing obligation of the registrant as written communications pursuant to Rule 425 under the Securities Act." } } }, "auth_ref": [ "r571" ] } } } }, "std_ref": { "r0": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "25", "Paragraph": "1", "SubTopic": "20", "Topic": "940", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481913/940-20-25-1" }, "r1": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "SubTopic": "230", "Topic": "830", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481877/830-230-45-1" }, "r2": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "14", "Subparagraph": "(a)", "SubTopic": "10", "Topic": "230", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-14" }, "r3": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Subparagraph": "(g)", "SubTopic": "10", "Topic": "230", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-25" }, "r4": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Subparagraph": "(a)", "SubTopic": "10", "Topic": "230", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-28" }, "r5": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "SubTopic": "10", "Topic": "360", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482099/360-10-50-1" }, "r6": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "SubTopic": "10", "Topic": "825", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482907/825-10-50-1" }, "r7": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "SubTopic": "10", "Topic": "505", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-2" }, "r8": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "SubTopic": "10", "Topic": "815", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480434/815-10-50-2" }, "r9": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2C", "SubTopic": "10", "Topic": "820", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482106/820-10-50-2C" }, "r10": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "60", "Paragraph": "1", "SubTopic": "10", "Topic": "820", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482053/820-10-60-1" }, "r11": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(27)", "SubTopic": "10", "Topic": "210", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r12": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(22))", "SubTopic": "10", "Topic": "210", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r13": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(27))", "SubTopic": "10", "Topic": "210", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r14": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "210", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02.19(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r15": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "210", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02.19)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r16": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "210", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02.19-26)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r17": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "210", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02.20)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r18": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "210", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02.21)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r19": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "210", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02.22(a)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r20": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "210", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02.22)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r21": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "210", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02.25)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r22": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "210", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02.29-30)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r23": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "210", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02.29-31)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r24": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "14", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-14" }, "r25": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-15" }, "r26": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "15", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-15" }, "r27": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "25", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-25" }, "r28": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "45", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-4" }, "r29": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-1" }, "r30": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-2" }, "r31": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-3" }, "r32": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-4" }, "r33": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "230", "SubTopic": "10", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-5" }, "r34": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "260", "SubTopic": "10", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482662/260-10-50-1" }, "r35": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "260", "SubTopic": "10", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482662/260-10-50-2" }, "r36": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "275", "SubTopic": "10", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-4" }, "r37": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "275", "SubTopic": "10", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-8" }, "r38": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "275", "SubTopic": "10", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-9" }, "r39": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "480", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480244/480-10-S99-1" }, "r40": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "480", "SubTopic": "10", "Section": "S99", "Paragraph": "1", "Subparagraph": "(CFRR 211.02)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480244/480-10-S99-1" }, "r41": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481142/505-10-45-2" }, "r42": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-10" }, "r43": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-3" }, "r44": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-4" }, "r45": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-5" }, "r46": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "505", "SubTopic": "10", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-8" }, "r47": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "718", "SubTopic": "10", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-1" }, "r48": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "740", "SubTopic": "10", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-8" }, "r49": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "805", "SubTopic": "10", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479328/805-10-50-2" }, "r50": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "805", "SubTopic": "10", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479328/805-10-50-2" }, "r51": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "805", "SubTopic": "10", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479328/805-10-50-3" }, "r52": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "805", "SubTopic": "10", "Section": "55", "Paragraph": "37", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479303/805-10-55-37" }, "r53": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "805", "SubTopic": "20", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479907/805-20-50-1" }, "r54": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "805", "SubTopic": "20", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479907/805-20-50-1" }, "r55": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "810", "SubTopic": "10", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481203/810-10-50-1" }, "r56": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "815", "SubTopic": "10", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480434/815-10-50-1" }, "r57": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "815", "SubTopic": "10", "Section": "50", "Paragraph": "1A", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480434/815-10-50-1A" }, "r58": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "815", "SubTopic": "10", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480434/815-10-50-4" }, "r59": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "815", "SubTopic": "10", "Section": "50", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480434/815-10-50-7" }, "r60": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "820", "SubTopic": "10", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482106/820-10-50-2" }, "r61": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "820", "SubTopic": "10", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482106/820-10-50-3" }, "r62": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "825", "SubTopic": "10", "Section": "50", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482907/825-10-50-11" }, "r63": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "850", "SubTopic": "10", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483326/850-10-50-1" }, "r64": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "850", "SubTopic": "10", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483326/850-10-50-3" }, "r65": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "942", "SubTopic": "210", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03.17)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1" }, "r66": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "942", "SubTopic": "320", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480832/942-320-50-5" }, "r67": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Name": "Accounting Standards Codification", "Topic": "942", "SubTopic": "825", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480981/942-825-50-1" }, "r68": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "205", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org//205/tableOfContent" }, "r69": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(19))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r70": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(20))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r71": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(27)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r72": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(28))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r73": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(29))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r74": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(30)(a)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r75": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(30)(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r76": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(30))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r77": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(31))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r78": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(32))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r79": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(10))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2" }, "r80": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(20))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2" }, "r81": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03.7(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2" }, "r82": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-24" }, "r83": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-25" }, "r84": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-28" }, "r85": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "235", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org//235/tableOfContent" }, "r86": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "275", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org//275/tableOfContent" }, "r87": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "310", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SAB Topic 4.E)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480418/310-10-S99-2" }, "r88": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "440", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org//440/tableOfContent" }, "r89": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "25", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481284/470-20-25-10" }, "r90": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org//505/tableOfContent" }, "r91": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-6" }, "r92": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-7" }, "r93": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.3-04)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480008/505-10-S99-1" }, "r94": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Paragraph": "12", "Section": "50", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-12" }, "r95": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Paragraph": "2", "Section": "50", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-2" }, "r96": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "805", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479581/805-30-50-1" }, "r97": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "820", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org//820/tableOfContent" }, "r98": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482106/820-10-50-2" }, "r99": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482907/825-10-50-10" }, "r100": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(11))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1" }, "r101": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(13))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1" }, "r102": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(15)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1" }, "r103": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(16))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1" }, "r104": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-03(23))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479853/942-210-S99-1" }, "r105": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(15))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483589/942-220-S99-1" }, "r106": { "role": "http://fasb.org/us-gaap/role/ref/legacyRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(22))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483589/942-220-S99-1" }, "r107": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Subparagraph": "(a)", "SubTopic": "20", "Topic": "740", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482659/740-20-45-2" }, "r108": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "SubTopic": "210", "Topic": "946", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480555/946-210-45-20" }, "r109": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "SubTopic": "10", "Topic": "275", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-1" }, "r110": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "SubTopic": "10", "Topic": "275", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-1" }, "r111": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)", "SubTopic": "10", "Topic": "275", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-1" }, "r112": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "SubTopic": "10", "Topic": "275", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-11" }, "r113": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "SubTopic": "10", "Topic": "275", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482861/275-10-50-12" }, "r114": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(h))", "SubTopic": "10", "Topic": "235", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r115": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "(a)", "Publisher": "SEC" }, "r116": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "(b)", "Subparagraph": "(1)", "Publisher": "SEC" }, "r117": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "105", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479343/105-10-65-6" }, "r118": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "205", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483499/205-20-50-7" }, "r119": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483467/210-10-45-1" }, "r120": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483467/210-10-45-5" }, "r121": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(18))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r122": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(27)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r123": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(28))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r124": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(29))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r125": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r126": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(9))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r127": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-1A" }, "r128": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482790/220-10-45-1B" }, "r129": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482765/220-10-50-1" }, "r130": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482765/220-10-50-4" }, "r131": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482765/220-10-50-5" }, "r132": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482765/220-10-50-6" }, "r133": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.5-03(25))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-2" }, "r134": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "220", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "5", "Subparagraph": "(SAB Topic 6.B)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483621/220-10-S99-5" }, "r135": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-24" }, "r136": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482913/230-10-50-8" }, "r137": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483426/235-10-50-1" }, "r138": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(e)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r139": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(g)(1)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r140": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(h)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r141": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(k)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r142": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(k)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r143": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(n))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r144": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-04(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-3" }, "r145": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "23", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-23" }, "r146": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-24" }, "r147": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-5" }, "r148": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-1" }, "r149": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-1" }, "r150": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-11" }, "r151": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-11" }, "r152": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-3" }, "r153": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-4" }, "r154": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-7" }, "r155": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-7" }, "r156": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-8" }, "r157": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483443/250-10-50-9" }, "r158": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-10" }, "r159": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-11" }, "r160": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "16", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-16" }, "r161": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-2" }, "r162": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-3" }, "r163": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "40", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-40" }, "r164": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "40", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-40" }, "r165": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "40", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-40" }, "r166": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "40", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-40" }, "r167": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "60B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-60B" }, "r168": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "60B", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-60B" }, "r169": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "60B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-60B" }, "r170": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-7" }, "r171": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482662/260-10-50-1" }, "r172": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "15", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482635/260-10-55-15" }, "r173": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "272", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483014/272-10-45-1" }, "r174": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "272", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482987/272-10-50-1" }, "r175": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "272", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482987/272-10-50-3" }, "r176": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22" }, "r177": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "22", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-22" }, "r178": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-30" }, "r179": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-30" }, "r180": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-32" }, "r181": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-32" }, "r182": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "32", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-32" }, "r183": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-2" }, "r184": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-2" }, "r185": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(aa)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-2" }, "r186": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(aaa)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-2" }, "r187": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-2" }, "r188": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-2" }, "r189": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-2" }, "r190": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-3" }, "r191": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-3" }, "r192": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-3" }, "r193": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-3" }, "r194": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-3" }, "r195": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5" }, "r196": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5" }, "r197": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(aaa)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5" }, "r198": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5" }, "r199": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5" }, "r200": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5" }, "r201": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5" }, "r202": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5" }, "r203": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5" }, "r204": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5" }, "r205": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5A" }, "r206": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5A", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5A" }, "r207": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5A", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5A" }, "r208": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5B", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5B" }, "r209": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5B" }, "r210": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5B", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5B" }, "r211": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5B", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5B" }, "r212": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-5B" }, "r213": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "323", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481687/323-10-50-3" }, "r214": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "4", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-4" }, "r215": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "5", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479654/326-10-65-5" }, "r216": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479319/326-20-50-11" }, "r217": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479319/326-20-50-13" }, "r218": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479319/326-20-50-14" }, "r219": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "16", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479319/326-20-50-16" }, "r220": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479319/326-20-50-5" }, "r221": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479106/326-30-50-4" }, "r222": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479106/326-30-50-7" }, "r223": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "326", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479106/326-30-50-9" }, "r224": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "340", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "05", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482955/340-10-05-5" }, "r225": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "340", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483032/340-10-45-1" }, "r226": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "440", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482648/440-10-50-4" }, "r227": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "440", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482648/440-10-50-4" }, "r228": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483076/450-20-50-4" }, "r229": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483076/450-20-50-9" }, "r230": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 5.Y.Q2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480102/450-20-S99-1" }, "r231": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "450", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 5.Y.Q4)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480102/450-20-S99-1" }, "r232": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A" }, "r233": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(iii)(A))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A" }, "r234": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(iv))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A" }, "r235": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A" }, "r236": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B" }, "r237": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(iii)(A))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B" }, "r238": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(iii)(B))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B" }, "r239": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(4)(iv))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B" }, "r240": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1B", "Subparagraph": "(SX 210.13-02(a)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1B" }, "r241": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B" }, "r242": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B" }, "r243": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B" }, "r244": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B" }, "r245": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B" }, "r246": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B" }, "r247": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1D", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1D" }, "r248": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1D", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1D" }, "r249": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1D", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1D" }, "r250": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1E", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1E" }, "r251": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1E", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1E" }, "r252": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1E", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1E" }, "r253": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1F", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1F" }, "r254": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1F", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1F" }, "r255": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1F", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1F" }, "r256": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1F", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1F" }, "r257": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1I", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1I" }, "r258": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-13" }, "r259": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-13" }, "r260": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-13" }, "r261": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-13" }, "r262": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-13" }, "r263": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-13" }, "r264": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-13" }, "r265": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-14" }, "r266": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-14" }, "r267": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-14" }, "r268": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "16", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-16" }, "r269": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-18" }, "r270": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-18" }, "r271": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-18" }, "r272": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "18", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-18" }, "r273": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-2" }, "r274": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-3" }, "r275": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.3-04)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480008/505-10-S99-1" }, "r276": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1" }, "r277": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1" }, "r278": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(02)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1" }, "r279": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(02)(A)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1" }, "r280": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(02)(B)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1" }, "r281": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(02)(C)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1" }, "r282": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1" }, "r283": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(n)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1" }, "r284": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "715", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480576/715-80-50-5" }, "r285": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2" }, "r286": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2" }, "r287": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(f)(2)(iv)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480429/718-10-50-2" }, "r288": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "15", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480336/718-10-65-15" }, "r289": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "15", "Subparagraph": "(f)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480336/718-10-65-15" }, "r290": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "15", "Subparagraph": "(f)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480336/718-10-65-15" }, "r291": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "718", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 14.E.Q2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479830/718-10-S99-1" }, "r292": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org//740/tableOfContent" }, "r293": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482525/740-10-45-25" }, "r294": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "28", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482525/740-10-45-28" }, "r295": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-10" }, "r296": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-12" }, "r297": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "14", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-14" }, "r298": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "17", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-17" }, "r299": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "19", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-19" }, "r300": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-2" }, "r301": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-2" }, "r302": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-2" }, "r303": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "20", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-20" }, "r304": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "21", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-21" }, "r305": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-9" }, "r306": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "8", "Subparagraph": "(d)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482615/740-10-65-8" }, "r307": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "8", "Subparagraph": "(d)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482615/740-10-65-8" }, "r308": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB TOPIC 6.I.5.Q1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1" }, "r309": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB TOPIC 6.I.7)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1" }, "r310": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 6.I.Fact.4)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1" }, "r311": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SAB Topic 11.C)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-2" }, "r312": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "270", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482526/740-270-50-1" }, "r313": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "740", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482603/740-30-50-2" }, "r314": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "805", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479907/805-20-50-5" }, "r315": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "808", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479402/808-10-50-1" }, "r316": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481231/810-10-45-25" }, "r317": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "25", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481231/810-10-45-25" }, "r318": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(bb)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481203/810-10-50-3" }, "r319": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "810", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481203/810-10-50-3" }, "r320": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6" }, "r321": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(h)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6" }, "r322": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(h)(1)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6" }, "r323": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(h)(1)(iii)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6" }, "r324": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(h)(1)(iv)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6" }, "r325": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "6", "Subparagraph": "(i)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480528/815-20-65-6" }, "r326": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480237/815-40-50-5" }, "r327": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480237/815-40-50-6" }, "r328": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(e)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1" }, "r329": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(e)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1" }, "r330": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1" }, "r331": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "820", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482106/820-10-50-2" }, "r332": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482907/825-10-50-28" }, "r333": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "17", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481694/830-30-45-17" }, "r334": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481694/830-30-45-20" }, "r335": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481694/830-30-45-20" }, "r336": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481694/830-30-45-20" }, "r337": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "20", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481694/830-30-45-20" }, "r338": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481674/830-30-50-1" }, "r339": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "830", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481674/830-30-50-2" }, "r340": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "835", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482900/835-30-50-1" }, "r341": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "848", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(a)(3)(iii)(03)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483550/848-10-65-2" }, "r342": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org//850/tableOfContent" }, "r343": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483326/850-10-50-1" }, "r344": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483326/850-10-50-1" }, "r345": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483326/850-10-50-1" }, "r346": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483326/850-10-50-1" }, "r347": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483326/850-10-50-2" }, "r348": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483326/850-10-50-3" }, "r349": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483326/850-10-50-6" }, "r350": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "855", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org//855/tableOfContent" }, "r351": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "855", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483399/855-10-50-2" }, "r352": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "855", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483399/855-10-50-2" }, "r353": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3" }, "r354": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)(2)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3" }, "r355": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3" }, "r356": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(bb)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3" }, "r357": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(bb)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3" }, "r358": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(bb)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3" }, "r359": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3" }, "r360": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3" }, "r361": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3" }, "r362": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-4" }, "r363": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-4" }, "r364": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-4" }, "r365": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-4" }, "r366": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481444/860-30-45-1" }, "r367": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481420/860-30-50-7" }, "r368": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-3" }, "r369": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-3" }, "r370": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-3" }, "r371": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)(4)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-3" }, "r372": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-4" }, "r373": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-4" }, "r374": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-4" }, "r375": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(4)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-4" }, "r376": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(5)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-4" }, "r377": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(6)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-4" }, "r378": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)(7)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-4" }, "r379": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-4" }, "r380": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(e)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-4" }, "r381": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(e)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-4" }, "r382": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "860", "SubTopic": "50", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(e)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481229/860-50-50-4" }, "r383": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "910", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482546/910-10-50-6" }, "r384": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "924", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 11.L)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479941/924-10-S99-1" }, "r385": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "15", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482274/932-235-50-15" }, "r386": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "15", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482274/932-235-50-15" }, "r387": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "20", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482274/932-235-50-20" }, "r388": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "20", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482274/932-235-50-20" }, "r389": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482274/932-235-50-28" }, "r390": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482274/932-235-50-28" }, "r391": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "33", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482274/932-235-50-33" }, "r392": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "33", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482274/932-235-50-33" }, "r393": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "35A", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482274/932-235-50-35A" }, "r394": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "35A", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482274/932-235-50-35A" }, "r395": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482274/932-235-50-8" }, "r396": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "932", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "8", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482274/932-235-50-8" }, "r397": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-04(27))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483589/942-220-S99-1" }, "r398": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "942", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.9-05(b)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479557/942-235-S99-1" }, "r399": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(12))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1" }, "r400": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(19))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1" }, "r401": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1" }, "r402": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(21))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1" }, "r403": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(22))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1" }, "r404": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(23)(a)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1" }, "r405": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(23)(a)(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1" }, "r406": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(25))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1" }, "r407": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(11))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1" }, "r408": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(18))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1" }, "r409": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(2)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1" }, "r410": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(23))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1" }, "r411": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-04(9))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483586/944-220-S99-1" }, "r412": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7A", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480081/944-40-50-7A" }, "r413": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2" }, "r414": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(f)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2" }, "r415": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(f)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2" }, "r416": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(g)(2)(i)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2" }, "r417": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "2", "Subparagraph": "(h)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480016/944-40-65-2" }, "r418": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479886/946-10-S99-3" }, "r419": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(h)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479886/946-10-S99-3" }, "r420": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(i)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479886/946-10-S99-3" }, "r421": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(i)(2)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479886/946-10-S99-3" }, "r422": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(i)(2)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479886/946-10-S99-3" }, "r423": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-03(i)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479886/946-10-S99-3" }, "r424": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480990/946-20-50-11" }, "r425": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480990/946-20-50-13" }, "r426": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480990/946-20-50-2" }, "r427": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "5", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480990/946-20-50-5" }, "r428": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480990/946-20-50-6" }, "r429": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480767/946-205-45-4" }, "r430": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-2" }, "r431": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "27", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-27" }, "r432": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7" }, "r433": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7" }, "r434": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7" }, "r435": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7" }, "r436": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7" }, "r437": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7" }, "r438": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7" }, "r439": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(h)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480737/946-205-50-7" }, "r440": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "21", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480555/946-210-45-21" }, "r441": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "4", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480555/946-210-45-4" }, "r442": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480524/946-210-50-6" }, "r443": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480524/946-210-50-6" }, "r444": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r445": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(b)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r446": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(b)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r447": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(12)(b)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r448": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(13)(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r449": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(13)(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r450": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(14))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r451": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(15))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r452": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(16)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r453": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(17))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r454": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(19))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r455": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(2)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r456": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(2)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r457": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(3)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r458": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(3)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r459": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(3)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r460": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r461": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(6)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r462": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(6)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r463": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(6)(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r464": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(6)(e))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r465": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(8))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r466": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(9)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r467": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(9)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r468": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(9)(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r469": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(9)(e))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r470": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.6-05(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-2" }, "r471": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.6-05(4))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-2" }, "r472": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483581/946-220-45-3" }, "r473": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "7", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483581/946-220-45-7" }, "r474": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483580/946-220-50-3" }, "r475": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r476": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r477": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(c)(2)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r478": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(c)(2)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r479": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(c))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r480": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(e))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r481": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(2)(g)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r482": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r483": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r484": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r485": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r486": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r487": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(6))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r488": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(a)(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r489": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r490": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r491": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(3))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r492": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(5))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r493": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(6))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r494": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(7)(c)(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r495": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-07(9))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-1" }, "r496": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(1)(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-3" }, "r497": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(4)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-3" }, "r498": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(6))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-3" }, "r499": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-3" }, "r500": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481062/946-235-50-2" }, "r501": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481062/946-235-50-2" }, "r502": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481062/946-235-50-2" }, "r503": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "235", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(e)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481062/946-235-50-2" }, "r504": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480833/946-310-45-1" }, "r505": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-12(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-1" }, "r506": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-12A(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-2" }, "r507": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 4)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-3" }, "r508": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 4)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-3" }, "r509": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-6" }, "r510": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481004/946-505-50-1" }, "r511": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481004/946-505-50-2" }, "r512": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481004/946-505-50-2" }, "r513": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481004/946-505-50-2" }, "r514": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481004/946-505-50-2" }, "r515": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "946", "SubTopic": "505", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481004/946-505-50-6" }, "r516": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "954", "SubTopic": "440", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480327/954-440-50-1" }, "r517": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "976", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482856/976-310-50-1" }, "r518": { "role": "http://www.xbrl.org/2003/role/disclosureRef", "Topic": "978", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482707/978-310-50-1" }, "r519": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Subparagraph": "(g)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483467/210-10-45-1" }, "r520": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483426/235-10-50-4" }, "r521": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(m)(1)(ii)(A))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r522": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "52", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482635/260-10-55-52" }, "r523": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "30", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-30" }, "r524": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "280", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "31", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482810/280-10-50-31" }, "r525": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "310", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "12A", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481933/310-10-55-12A" }, "r526": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "326", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479081/326-30-55-8" }, "r527": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B" }, "r528": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "69B", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481568/470-20-55-69B" }, "r529": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "69C", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481568/470-20-55-69C" }, "r530": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "69E", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481568/470-20-55-69E" }, "r531": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "69F", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481568/470-20-55-69F" }, "r532": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "505", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "13", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481112/505-10-50-13" }, "r533": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(ii)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1" }, "r534": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(d)(iv)(01)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480506/715-20-50-1" }, "r535": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "17", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480482/715-20-55-17" }, "r536": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "11", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480576/715-80-50-11" }, "r537": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480576/715-80-50-6" }, "r538": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "715", "SubTopic": "80", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "8", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480547/715-80-55-8" }, "r539": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "852", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481372/852-10-55-10" }, "r540": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "944", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "29F", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480046/944-40-55-29F" }, "r541": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480524/946-210-50-1" }, "r542": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Subparagraph": "(a)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480524/946-210-50-6" }, "r543": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "1", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480493/946-210-55-1" }, "r544": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "310", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "1", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480833/946-310-45-1" }, "r545": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.12-12(Column A)(Footnote 2)(i))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-1" }, "r546": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "2", "Subparagraph": "(SX 210.12-12A(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-2" }, "r547": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.12-12B(Column A)(Footnote 1)(a))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-3" }, "r548": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "6", "Subparagraph": "(SX 210.12-14(Column A)(Footnote 2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480032/946-320-S99-6" }, "r549": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "830", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "10", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480167/946-830-55-10" }, "r550": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "830", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "11", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480167/946-830-55-11" }, "r551": { "role": "http://www.xbrl.org/2003/role/exampleRef", "Topic": "946", "SubTopic": "830", "Name": "Accounting Standards Codification", "Section": "55", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480167/946-830-55-12" }, "r552": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12" }, "r553": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b" }, "r554": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b-2" }, "r555": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "b-23" }, "r556": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "d1-1" }, "r557": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12", "Subsection": "g" }, "r558": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "12, 13, 15d" }, "r559": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "13e", "Subsection": "4c" }, "r560": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "14d", "Subsection": "2b" }, "r561": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Number": "240", "Section": "15", "Subsection": "d" }, "r562": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Exchange Act", "Section": "14a", "Number": "240", "Subsection": "12" }, "r563": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 10-K", "Number": "249", "Section": "310" }, "r564": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 10-Q", "Number": "240", "Section": "308", "Subsection": "a" }, "r565": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 20-F", "Number": "249", "Section": "220", "Subsection": "f" }, "r566": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Form 40-F", "Number": "249", "Section": "240", "Subsection": "f" }, "r567": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Forms 10-K, 10-Q, 20-F", "Number": "240", "Section": "13", "Subsection": "a-1" }, "r568": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-K", "Number": "229", "Section": "402", "Subsection": "w" }, "r569": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Regulation S-T", "Number": "232", "Section": "405" }, "r570": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "230", "Section": "405" }, "r571": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "230", "Section": "425" }, "r572": { "role": "http://www.xbrl.org/2003/role/presentationRef", "Publisher": "SEC", "Name": "Securities Act", "Number": "7A", "Section": "B", "Subsection": "2" }, "r573": { "role": "http://www.xbrl.org/2003/role/recommendedDisclosureRef", "Topic": "272", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483014/272-10-45-3" }, "r574": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Subparagraph": "(a)", "SubTopic": "10", "Topic": "740", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-9" }, "r575": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "(a)", "Publisher": "SEC" }, "r576": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "(b)", "Subparagraph": "(1)", "Publisher": "SEC" }, "r577": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "(b)", "Subparagraph": "(2)", "Publisher": "SEC" }, "r578": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "(b)", "Subparagraph": "(3)", "Publisher": "SEC" }, "r579": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "(c)", "Subparagraph": "(2)(i)", "Publisher": "SEC" }, "r580": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "(c)", "Subparagraph": "(2)(ii)", "Publisher": "SEC" }, "r581": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Name": "Regulation S-K (SK)", "Number": "229", "Section": "1402", "Paragraph": "(c)", "Subparagraph": "(2)(iii)", "Publisher": "SEC" }, "r582": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "210", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.5-02(1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480566/210-10-S99-1" }, "r583": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "230", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "17", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482740/230-10-45-17" }, "r584": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r585": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(d))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r586": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(f))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r587": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(g)(1)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r588": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "235", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.4-08(h)(1)(Note 1))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480678/235-10-S99-1" }, "r589": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "23", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-23" }, "r590": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "24", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-24" }, "r591": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "250", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "5", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483421/250-10-45-5" }, "r592": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "55", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482689/260-10-45-55" }, "r593": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "260", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482662/260-10-50-1" }, "r594": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "310", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "13", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481990/310-10-45-13" }, "r595": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "320", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481800/320-10-50-9" }, "r596": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "321", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479536/321-10-50-3" }, "r597": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "321", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479536/321-10-50-3" }, "r598": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "321", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479536/321-10-50-3" }, "r599": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "323", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481687/323-10-50-3" }, "r600": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "340", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 5.A)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480341/340-10-S99-1" }, "r601": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "410", "SubTopic": "30", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "10", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481931/410-30-50-10" }, "r602": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "450", "Name": "Accounting Standards Codification", "Publisher": "FASB", "URI": "https://asc.fasb.org//450/tableOfContent" }, "r603": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(ii))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A" }, "r604": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1A", "Subparagraph": "(SX 210.13-01(a)(4)(iii))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480097/470-10-S99-1A" }, "r605": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "470", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1B", "Subparagraph": "(d)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481139/470-20-50-1B" }, "r606": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "12", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-12" }, "r607": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-2" }, "r608": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "6", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-6" }, "r609": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "9", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482685/740-10-50-9" }, "r610": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 6.I.7)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1" }, "r611": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "740", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SAB Topic 6.I.Fact.4)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479360/740-10-S99-1" }, "r612": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "815", "SubTopic": "40", "Name": "Accounting Standards Codification", "Section": "65", "Paragraph": "1", "Subparagraph": "(e)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480175/815-40-65-1" }, "r613": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "825", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "28", "Subparagraph": "(f)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147482907/825-10-50-28" }, "r614": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "1", "Subparagraph": "(c)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483326/850-10-50-1" }, "r615": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483326/850-10-50-2" }, "r616": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "850", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483326/850-10-50-3" }, "r617": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "852", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481404/852-10-50-7" }, "r618": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "852", "SubTopic": "10", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "7", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481404/852-10-50-7" }, "r619": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3" }, "r620": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3" }, "r621": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "3", "Subparagraph": "(c)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-3" }, "r622": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(1)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-4" }, "r623": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(2)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-4" }, "r624": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "860", "SubTopic": "20", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "4", "Subparagraph": "(b)(3)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147481326/860-20-50-4" }, "r625": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "942", "SubTopic": "320", "Name": "Accounting Standards Codification", "Section": "50", "Paragraph": "2", "Subparagraph": "(b)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480832/942-320-50-2" }, "r626": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(16)(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1" }, "r627": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "944", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.7-03(a)(2))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479440/944-210-S99-1" }, "r628": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "205", "Name": "Accounting Standards Codification", "Section": "45", "Paragraph": "4", "Subparagraph": "(a)", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147480767/946-205-45-4" }, "r629": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "210", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "1", "Subparagraph": "(SX 210.6-04(18))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147479617/946-210-S99-1" }, "r630": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(4)(b))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-3" }, "r631": { "role": "http://www.xbrl.org/2009/role/commonPracticeRef", "Topic": "946", "SubTopic": "220", "Name": "Accounting Standards Codification", "Section": "S99", "Paragraph": "3", "Subparagraph": "(SX 210.6-09(7))", "Publisher": "FASB", "URI": "https://asc.fasb.org//1943274/2147483575/946-220-S99-3" } } } ZIP 58 0001493152-24-010402-xbrl.zip IDEA: XBRL DOCUMENT begin 644 0001493152-24-010402-xbrl.zip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

  •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Ñ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ȶ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end XML 60 form10-k_htm.xml IDEA: XBRL DOCUMENT 0001930313 2023-01-01 2023-12-31 0001930313 PTWO:UnitsEachConsistingOfOneShareOfClassCommonStockAndOneRedeemableWarrantMember 2023-01-01 2023-12-31 0001930313 PTWO:ClassCommonStock0.0001ParValuePerShareMember 2023-01-01 2023-12-31 0001930313 PTWO:RedeemableWarrantsEachWarrantExercisableForOneShareOfClassCommonStockAtExercisePriceOf11.50PerShareMember 2023-01-01 2023-12-31 0001930313 2023-06-30 0001930313 us-gaap:CommonClassAMember 2024-03-18 0001930313 us-gaap:CommonClassBMember 2024-03-18 0001930313 2023-12-31 0001930313 2022-12-31 0001930313 us-gaap:CommonClassAMember 2023-12-31 0001930313 us-gaap:CommonClassAMember 2022-12-31 0001930313 us-gaap:CommonClassBMember 2023-12-31 0001930313 us-gaap:CommonClassBMember 2022-12-31 0001930313 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001930313 2022-03-11 2022-12-31 0001930313 us-gaap:CommonClassAMember 2023-01-01 2023-12-31 0001930313 us-gaap:CommonClassAMember 2022-03-11 2022-12-31 0001930313 us-gaap:CommonClassBMember 2023-01-01 2023-12-31 0001930313 us-gaap:CommonClassBMember 2022-03-11 2022-12-31 0001930313 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2022-12-31 0001930313 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2022-12-31 0001930313 us-gaap:AdditionalPaidInCapitalMember 2022-12-31 0001930313 us-gaap:RetainedEarningsMember 2022-12-31 0001930313 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2022-03-10 0001930313 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2022-03-10 0001930313 us-gaap:AdditionalPaidInCapitalMember 2022-03-10 0001930313 us-gaap:RetainedEarningsMember 2022-03-10 0001930313 2022-03-10 0001930313 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2023-01-01 2023-12-31 0001930313 us-gaap:AdditionalPaidInCapitalMember 2023-01-01 2023-12-31 0001930313 us-gaap:RetainedEarningsMember 2023-01-01 2023-12-31 0001930313 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2022-03-11 2022-12-31 0001930313 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2022-03-11 2022-12-31 0001930313 us-gaap:AdditionalPaidInCapitalMember 2022-03-11 2022-12-31 0001930313 us-gaap:RetainedEarningsMember 2022-03-11 2022-12-31 0001930313 us-gaap:CommonClassAMember us-gaap:CommonStockMember 2023-12-31 0001930313 us-gaap:CommonClassBMember us-gaap:CommonStockMember 2023-12-31 0001930313 us-gaap:AdditionalPaidInCapitalMember 2023-12-31 0001930313 us-gaap:RetainedEarningsMember 2023-12-31 0001930313 us-gaap:CommonClassBMember us-gaap:OverAllotmentOptionMember 2022-03-11 2022-12-31 0001930313 us-gaap:CommonClassAMember us-gaap:IPOMember 2022-08-09 2022-08-09 0001930313 us-gaap:CommonClassAMember us-gaap:OverAllotmentOptionMember 2022-08-09 2022-08-09 0001930313 us-gaap:OverAllotmentOptionMember 2022-08-09 2022-08-09 0001930313 us-gaap:PrivatePlacementMember 2022-08-09 2022-08-09 0001930313 us-gaap:PrivatePlacementMember 2022-08-09 0001930313 us-gaap:IPOMember 2022-08-09 2022-08-09 0001930313 us-gaap:IPOMember 2022-08-09 0001930313 us-gaap:IPOMember 2023-08-09 2023-08-09 0001930313 srt:MinimumMember 2023-01-01 2023-12-31 0001930313 PTWO:PostBusinessCombinationMember 2023-12-31 0001930313 us-gaap:IPOMember 2023-12-31 0001930313 srt:MinimumMember 2023-12-31 0001930313 us-gaap:IPOMember 2023-01-01 2023-12-31 0001930313 2023-05-26 0001930313 PTWO:AffiliateSponsorMember 2023-12-31 0001930313 us-gaap:CommonClassAMember 2023-05-08 2023-05-08 0001930313 2023-05-08 2023-05-08 0001930313 PTWO:SBCMedicalGroupHoldingsLLCMember PTWO:MergerAgreementMember 2023-01-31 2023-01-31 0001930313 PTWO:SponsorMember PTWO:MergerAgreementMember 2023-04-26 2023-04-26 0001930313 PTWO:SponsorMember PTWO:MergerAgreementMember 2023-05-05 2023-05-05 0001930313 us-gaap:CommonClassAMember 2023-05-08 0001930313 PTWO:SponsorMember us-gaap:CommonClassBMember 2023-05-08 2023-05-08 0001930313 PTWO:SponsorMember us-gaap:CommonClassAMember 2023-05-08 2023-05-08 0001930313 us-gaap:CommonClassAMember us-gaap:SubsequentEventMember 2024-02-03 2024-02-03 0001930313 us-gaap:CommonClassAMember us-gaap:SubsequentEventMember 2024-02-03 0001930313 PTWO:NotePurchaseAgreementMember 2023-05-26 0001930313 us-gaap:SubsequentEventMember PTWO:NotePurchaseAgreementMember 2024-02-27 0001930313 PTWO:AandRMergerAgreementMember 2023-09-08 2023-09-08 0001930313 PTWO:PublicWarrantsAndPlacementWarrantsMember 2023-12-31 0001930313 us-gaap:CommonClassAMember PTWO:PublicWarrantMember 2022-08-09 0001930313 us-gaap:CommonClassBMember 2022-05-17 2022-05-17 0001930313 us-gaap:CommonClassBMember us-gaap:OverAllotmentOptionMember 2022-05-17 2022-05-17 0001930313 us-gaap:CommonClassBMember 2022-05-17 0001930313 PTWO:PromissoryNoteMember us-gaap:IPOMember 2022-04-25 0001930313 PTWO:PromissoryNoteMember us-gaap:RelatedPartyMember us-gaap:IPOMember 2022-04-25 2022-04-25 0001930313 PTWO:PromissoryNoteMember us-gaap:IPOMember 2022-08-09 2022-08-09 0001930313 us-gaap:RelatedPartyMember PTWO:AdministrativeSupportAgreementMember 2023-12-31 0001930313 us-gaap:RelatedPartyMember PTWO:AdministrativeSupportAgreementMember 2023-01-01 2023-12-31 0001930313 us-gaap:RelatedPartyMember PTWO:AdministrativeSupportAgreementMember 2022-03-11 2022-12-31 0001930313 PTWO:ConvertiblePromissoryNoteMember 2023-05-26 0001930313 PTWO:ConvertiblePromissoryNoteMember 2023-01-01 2023-12-31 0001930313 PTWO:ConvertiblePromissoryNoteMember us-gaap:ConvertibleDebtMember 2023-01-01 2023-12-31 0001930313 PTWO:ConvertiblePromissoryNoteMember 2022-03-11 2022-12-31 0001930313 PTWO:UnderwritersMember us-gaap:IPOMember 2023-01-01 2023-12-31 0001930313 PTWO:UnderwritersMember us-gaap:IPOMember 2023-12-31 0001930313 PTWO:UnderwritersMember 2023-12-31 0001930313 PTWO:UnderwritersMember us-gaap:CommonClassAMember us-gaap:IPOMember 2023-01-01 2023-12-31 0001930313 us-gaap:PrivatePlacementMember 2023-01-01 2023-12-31 0001930313 us-gaap:CommonClassBMember 2023-05-08 2023-05-08 0001930313 us-gaap:PrivatePlacementMember 2022-12-31 0001930313 us-gaap:WarrantMember 2023-12-31 0001930313 us-gaap:PrivatePlacementMember 2023-12-31 0001930313 us-gaap:USTreasurySecuritiesMember 2023-12-31 0001930313 us-gaap:FairValueInputsLevel1Member us-gaap:USTreasurySecuritiesMember 2023-12-31 0001930313 us-gaap:FairValueInputsLevel2Member us-gaap:USTreasurySecuritiesMember 2023-12-31 0001930313 us-gaap:FairValueInputsLevel3Member us-gaap:USTreasurySecuritiesMember 2023-12-31 0001930313 us-gaap:USTreasurySecuritiesMember 2022-12-31 0001930313 us-gaap:FairValueInputsLevel1Member us-gaap:USTreasurySecuritiesMember 2022-12-31 0001930313 us-gaap:FairValueInputsLevel2Member us-gaap:USTreasurySecuritiesMember 2022-12-31 0001930313 us-gaap:FairValueInputsLevel3Member us-gaap:USTreasurySecuritiesMember 2022-12-31 0001930313 us-gaap:SubsequentEventMember us-gaap:IPOMember 2024-01-11 2024-01-11 0001930313 us-gaap:CommonClassAMember us-gaap:SubsequentEventMember 2024-01-11 iso4217:USD shares iso4217:USD shares pure false FY 0001930313 10-K true 2023-12-31 --12-31 2023 false 001-41462 PONO CAPITAL TWO, INC. DE 88-1192288 643 Ilalo St. #102 Honolulu HI 96813 (808) 892-6611 Units, each consisting of one share of Class A Common Stock and one Redeemable Warrant PTWOU NASDAQ Class A Common Stock, $0.0001 par value per share PTWO NASDAQ Redeemable Warrants, each warrant exercisable for one share of Class A Common Stock at an exercise price of $11.50 per share PTWOW NASDAQ No No Yes Yes Non-accelerated Filer true true false false false true 19785098 5216290 1 None 688 Marcum LLP Boston, MA 284394 485564 110149 236625 394543 722189 20850793 119220016 21245336 119942205 43910 79440 480050 76420 1000000 72978 161644 11317 248508 1000789 2609044 566012 4025000 4025000 6634044 4591012 1922750 11500000 10.72 10.32 20606204 118709864 0.0001 0.0001 1000000 1000000 0 0 0 0 0.0001 0.0001 100000000 100000000 3566874 3566874 691875 691875 1922750 11500000 357 69 0.0001 0.0001 10000000 10000000 1 1 2875000 2875000 288 288 -5995269 -3359028 -5994912 -3358671 21245336 119942205 2874999 1635452 382051 137379 161644 -1772831 -543695 2641407 1345016 868576 801321 528809 248508 339767 552813 7840002 5951288 0.04 0.06 7900002 5951288 0.04 0.06 1008220 2683051 0.04 0.06 1008220 2683051 0.04 0.06 691875 69 2875000 288 -3359028 -3358671 709691 709691 709691 709691 2874999 288 -2874999 -288 1000789 1000789 1975219 1975219 339767 339767 3566874 357 1 -5995269 -5994912 2875000 288 24712 25000 634375 63 6343687 6343750 57500 6 67269 67275 2978500 2978500 -205388 -205388 9208780 3911841 13120621 552813 552813 691875 69 2875000 288 -3359028 -3358671 691875 69 2875000 288 -3359028 -3358671 375000 339767 552813 2641407 1345016 -126476 236625 -35530 79440 403630 76420 -88666 161644 -237191 248508 -2132921 -462816 117875000 931751 -100078879 101010630 -117875000 1000000 100078879 6343750 25000 113045000 300000 300000 412 412 590370 -99078879 118823380 -201170 485564 485564 284394 485564 1000789 709691 1975219 13120621 67275 4025000 992045 <p id="xdx_80F_eus-gaap--BusinessDescriptionAndBasisOfPresentationTextBlock_zg4u3tS0eObl" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 1. <span id="xdx_820_zn0SWDZGP4B8">DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pono Capital Two, Inc. (the “Company”) is a blank check company incorporated in Delaware on <span id="xdx_90C_edei--EntityIncorporationDateOfIncorporation_c20230101__20231231_zoFKtI6xb2m">March 11, 2022</span>. The Company was formed for the purpose of entering into a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses (a “business combination”). The Company is not limited to a particular industry or geographic region for purposes of consummating a business combination. The Company is an early stage and emerging growth company and, as such, the Company is subject to all of the risks associated with early stage and emerging growth companies.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the Company had not commenced any operations. All activity for the period from March 11, 2022 (inception) through December 31, 2023 relates to the Company’s formation and initial public offering (“Initial Public Offering”) and subsequent costs related to completing a business combination. The Company will not generate any operating revenues until after the completion of a business combination, at the earliest. The Company will generate non-operating income in the form of interest income from the proceeds derived from the Initial Public Offering. The Company has selected December 31 as its fiscal year end.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The registration statement for the Company’s Initial Public Offering was declared effective on August 4, 2022. On August 9, 2022, the Company consummated the Initial Public Offering of <span id="xdx_903_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zJov2VjH4FL2" title="Number of shares issued">11,500,000</span> units, (the “Units” and, with respect to the Class A common stock included in the Units sold, the “Public Shares”), including <span id="xdx_907_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z7wFKcPSxSZ7" title="Number of shares issued">1,500,000</span> Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $<span id="xdx_901_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_ze5IaZ3HLRyi" title="Gross proceeds from initial public offering">115,000,000</span>, which is discussed in Note 3.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of <span id="xdx_908_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zQYIz3nKr4Ok" title="Number of shares issued">634,375</span> units (the “Placement Units”) at a price of $<span id="xdx_906_eus-gaap--SaleOfStockPricePerShare_iI_pid_c20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_ztNeNje2rb6c" title="Sale of stock price per share">10.00</span> per Placement Unit in a private placement to Mehana Capital LLC (the “Sponsor”), including <span id="xdx_904_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zj239MY2lQq9" title="Number of shares issued">63,000</span> Placement Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $<span id="xdx_909_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zKB3UtXf1prc" title="Gross proceeds from private placement">6,343,750</span>, which is described in Note 4.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Following the closing of the Initial Public Offering on August 9, 2022, an amount of $<span id="xdx_902_eus-gaap--ProceedsFromIssuanceOrSaleOfEquity_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zDznaEseprg8" title="Net Proceeds">117,875,000</span> ($<span id="xdx_907_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zrRQPgIj1jte" title="Shares issued price per share">10.25</span> per Unit) from the net proceeds of the sale of the Units in the Initial Public Offering and the sale of the Placement Units was placed in a trust account (the “Trust Account”), and will be invested only in U.S. government treasury obligations with maturities of 185 days or less or in money market funds meeting certain conditions under Rule 2a-7 under the Investment Company Act, which invest only in direct U.S. government treasury obligations, until the earlier of: (i) the completion of a business combination and (ii) the distribution of the funds held in the Trust Account, as described below.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Transaction costs related to the issuances described above amounted to $<span id="xdx_90F_eus-gaap--PaymentsOfStockIssuanceCosts_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zPpQqqp6YbV9" title="Payments of stock issuance costs">6,637,645</span>, consisting of $<span id="xdx_90C_eus-gaap--PaymentsForUnderwritingExpense_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zT5JeKRFmdya" title="Payments for underwriting expense">1,955,000</span> of cash underwriting fees, $<span id="xdx_90D_eus-gaap--DeferredOfferingCosts_iI_c20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zPB7YLHQCc43" title="Deferred offering costs">4,025,000</span> of deferred underwriting fees and $<span id="xdx_90D_ecustom--StockIssuedDuringPeriodValueRepresentativeShares_c20230809__20230809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zDESgZaj7au2" title="Representative shares issued, value">67,275</span> of costs related to Representative Shares and $<span id="xdx_90F_ecustom--OtherStockIssuanceRelatedCosts_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_z5YRQUyoGe2g" title="Other stock issuance related costs">590,370</span> of other offering costs. In addition, at December 31, 2023, $<span id="xdx_900_eus-gaap--Cash_iI_c20231231_zubmJluQRsEk" title="Cash">284,394</span> of cash was held outside of the Trust Account and is available for working capital purposes.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On September 23, 2022, the Company announced that the holders of the Units may elect to separately trade the Public Shares and the Public Warrants (as defined in Note 3) commencing on September 26, 2022. Those Public Shares not separated will continue to trade on The Nasdaq Global Market under the symbol “PTWOU,” and the Class A Common Stock and warrants that are separated will trade on The Nasdaq Global Market under the symbols “PTWO” and “PTWOW,” respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"></p><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s management has broad discretion with respect to the specific application of the net proceeds of the Initial Public Offering and the sale of the Placement Units, although substantially all of the net proceeds are intended to be applied generally toward consummating a business combination. There is no assurance that the Company will be able to complete a business combination successfully. The Company must complete a business combination with one or more target businesses that together have an aggregate fair market value of at least <span id="xdx_901_ecustom--PercentageOfFairMarketValueOfBusinessAcquisitionToTrustAccountBalance_pid_dp_c20230101__20231231__srt--RangeAxis__srt--MinimumMember_zNwNQmv6Isoh" title="Percentage of fair market value">80</span>% of the value of the Trust Account (as defined below) (excluding the deferred underwriting commissions and taxes payable on income earned on the Trust Account) at the time of the agreement to enter into an initial business combination. The Company will only complete a business combination if the post-transaction company owns or acquires <span id="xdx_902_eus-gaap--BusinessAcquisitionPercentageOfVotingInterestsAcquired_iI_pid_dp_c20231231__us-gaap--BusinessAcquisitionAxis__custom--PostBusinessCombinationMember_zY8fjbnRB27b" title="Business acquisition percentage">50</span>% or more of the outstanding voting securities of the target or otherwise acquires a controlling interest in the target sufficient for it not to be required to register as an investment company under the Investment Company Act of 1940, as amended (the “Investment Company Act”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company will provide its holders of Public Shares (the “Public Stockholders”) with the opportunity to redeem all or a portion of their Public Shares upon the completion of a business combination either (i) in connection with a stockholder meeting called to approve the business combination or (ii) by means of a tender offer. The decision as to whether the Company will seek stockholder approval of a business combination or conduct a tender offer will be made by the Company, solely in its discretion. The Public Stockholders will be entitled to redeem their Public Shares for a pro rata portion of the amount then in the Trust Account (initially $<span id="xdx_901_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zh2L5p6yUg3h" title="Shares issued price per share">10.25</span> per Public Share, plus any pro rata interest earned on the funds held in the Trust Account and not previously released to the Company to pay its tax obligations). There will be no redemption rights upon the completion of a business combination with respect to the Company’s warrants. The Public Shares subject to redemption will be recorded at redemption value and classified as temporary equity upon the completion of the Initial Public Offering in accordance with the Financial Accounting Standards Board’s (“FASB”) Accounting Standards Codification (“ASC”) Topic 480, <i>Distinguishing Liabilities from Equity</i> (“ASC 480”).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company will proceed with a business combination if the Company has net tangible assets of at least $<span id="xdx_90F_eus-gaap--BusinessCombinationRecognizedIdentifiableAssetsAcquiredAndLiabilitiesAssumedPropertyPlantAndEquipment_iI_pp0p0_c20231231__srt--RangeAxis__srt--MinimumMember_zn9tn9P0ZL33" title="Business combination, recognized identifiable assets acquired">5,000,001</span> upon consummation of such business combination and a majority of the shares voted are voted in favor of the business combination. If the Company seeks stockholder approval of a business combination and it does not conduct redemptions pursuant to the tender offer rules, the amended and restated certificate of incorporation (the “Amended and Restated Certificate of Incorporation”) provides that a Public Stockholder, together with any affiliate of such stockholder or any other person with whom such stockholder is acting in concert or as a “group” (as defined under Section 13 of the Securities Exchange Act of 1934, as amended (the “Exchange Act”)), will be restricted from seeking redemption rights with respect to 15% or more of the Public Shares without the Company’s prior written consent.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">If a stockholder vote is not required and the Company does not decide to hold a stockholder vote for business or other legal reasons, the Company will offer such redemption pursuant to the tender offer rules of the Securities and Exchange Commission (“SEC”), and file tender offer documents containing substantially the same information as would be included in a proxy statement with the SEC prior to completing a business combination.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sponsor has agreed (a) to vote its Class B common stock, the common stock included in the Placement Units and the Public Shares purchased in the Initial Public Offering in favor of a business combination, (b) not to propose an amendment to the Amended and Restated Certificate of Incorporation with respect to the Company’s pre-business combination activities prior to the consummation of a business combination unless the Company provides dissenting Public Stockholders with the opportunity to redeem their Public Shares in conjunction with any such amendment; (c) not to redeem any shares (including the Class B common stock) and Placement Units (including underlying securities) into the right to receive cash from the Trust Account in connection with a stockholder vote to approve a business combination (or to sell any shares in a tender offer in connection with a business combination if the Company does not seek stockholder approval in connection therewith) or a vote to amend the provisions of the Amended and Restated Certificate of Incorporation relating to stockholders’ rights of pre-business combination activity and (d) that the Class B common stock and Placement Units (including underlying securities) shall not participate in any liquidating distributions upon winding up if a business combination is not consummated. However, the Sponsor will be entitled to liquidating distributions from the Trust Account with respect to any Public Shares purchased in the Initial Public Offering if the Company fails to complete its business combination.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to the Third Amended and Restated Certificate of Incorporation of the Company, <span id="xdx_90E_ecustom--BusinessCombinationInitialPublicOfferingDescription_c20230101__20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zcsKMLRkJfI" title="Business combination initial public offering, description">the Company had until 9 months (or up to 18 months from the closing of the Initial Public Offering at the election of the Company pursuant to nine one month extensions subject to satisfaction of certain conditions, including the deposit of $379,500 ($0.033 per unit) for such one month extension, into the Trust Account, or as extended by the Company’s stockholders in accordance with the Amended and Restated Certificate of Incorporation) from the closing of the Initial Public Offering to consummate a business combination (the “Combination Period”). On February 5, 2024, the Company filed an amendment to the Third Amended and Restated Certificate of Incorporation of the Company (i) to extend the Combination Period from February 9, 2023 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder If the Company is unable to complete a business combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Company’s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law.</span> The underwriters have agreed to waive their rights to the deferred underwriting commission held in the Trust Account in the event the Company does not complete a business combination within the Combination Period and, in such event, such amounts will be included with the funds held in the Trust Account that will be available to fund the redemption of the Public Shares. In the event of such distribution, it is possible that the per share value of the assets remaining available for distribution will be less than the Initial Public Offering price per Unit ($<span id="xdx_905_eus-gaap--SaleOfStockPricePerShare_iI_pid_c20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zepbMrOe91V5" title="Sale of stock price per share">10.00</span>).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sponsor has agreed that it will be liable to the Company, if and to the extent any claims by a vendor for services rendered or products sold to the Company, or a prospective target business with which the Company has discussed entering into a transaction agreement, reduce the amounts in the Trust Account to below $<span id="xdx_90E_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_ztKJiY2VI6L9" title="Shares issued price per share">10.25</span> per share, except as to any claims by a third party who executed a waiver of any and all rights to seek access to the Trust Account and except as to any claims under the Company’s indemnity of the underwriters of the Initial Public Offering against certain liabilities, including liabilities under the Securities Act of 1933, as amended (the “Securities Act”). In the event that an executed waiver is deemed to be unenforceable against a third party, the Sponsor will not be responsible to the extent of any liability for such third-party claims. The Company will seek to reduce the possibility that the Sponsor will have to indemnify the Trust Account due to claims of creditors by endeavoring to have all vendors, service providers (except for the Company’s independent registered accounting firm), prospective target businesses or other entities with which the Company does business, execute agreements with the Company waiving any right, title, interest or claim of any kind in or to monies held in the Trust Account.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Going Concern and Liquidity</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the Company had $<span id="xdx_90E_eus-gaap--Cash_iI_c20231231_zEjjmi0jBRyi">284,394</span> in cash held outside of the Trust Account, working capital deficit, net of income tax payable and franchise tax payable of $<span id="xdx_900_ecustom--WorkingCapital_iNI_di_c20231231_zWHZzU2U9YG6" title="Working capital deficit">1,129,417</span> and accumulated deficit of $<span id="xdx_900_eus-gaap--RetainedEarningsAccumulatedDeficit_iNI_di_c20231231_z14OelmzJMwd" title="Accumulated deficit">5,995,269</span>. The Company has incurred and expects to continue to incur significant costs in pursuit of the Company’s financing and acquisition plans. For the year ended December 31, 2023, the Company had a loss from operations of $<span id="xdx_903_eus-gaap--OperatingIncomeLoss_iN_di_c20230101__20231231_zSct0vQKy4x5">1,772,831</span> and net cash used in operating activities was $<span id="xdx_903_eus-gaap--NetCashProvidedByUsedInOperatingActivities_iN_di_c20230101__20231231_zf8RtFFv455a">2,132,921</span>. The Company’s liquidity needs to date have been further satisfied through a Convertible Promissory Note of $<span id="xdx_905_eus-gaap--ConvertibleDebtCurrent_iI_c20230526_zu1OED9wNno4" title="Convertible promissory note">1,000,000</span> issued on May 26, 2023. The Company expects that it will need additional capital to satisfy its liquidity needs beyond the net proceeds from the consummation of the Initial Public Offering held outside of the Trust Account for paying existing accounts payable and consummating the Business Combination. Although certain of the Company’s initial stockholders, officers and directors or their affiliates have committed up to $<span id="xdx_905_eus-gaap--BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned_iI_c20231231__us-gaap--BusinessAcquisitionAxis__custom--AffiliateSponsorMember_z6F9hq4G1M06">1,500,000</span> Working Capital Loans (see Note 5) from time to time or at any time, there is no guarantee that the Company will receive such funds. In addition, the Company will have until November 9, 2024 to consummate a business combination. If a business combination is not consummated by November 9, 2024, less than one year after the date these consolidated financial statements are issued, there will be a mandatory liquidation and subsequent dissolution of the Company. Management has determined that the mandatory liquidation, along with the lack of liquidity, should a business combination not occur, and potential subsequent dissolution, raises substantial doubt about the Company’s ability to continue as a going concern. No adjustments have been made to the carrying amounts of assets or liabilities should the Company be required to liquidate after November 9, 2024. The Company intends to complete the initial business combination before the mandatory liquidation date. However, there can be no assurance that the Company will be able to consummate any business combination by November 9, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Risks and Uncertainties</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The military action commenced in February 2022 between the Russian Federation and Belarus in the country of Ukraine and related economic sanctions, as well as the military action between Hamas and Israel and the risk of escalations of other military conflicts have created and are expected to create global economic consequences. As a result, the Company’s ability to consummate a business combination, or the operations of a target business with which the Company ultimately consummates a business combination, may be materially and adversely affected. Further, the Company’s ability to consummate a transaction may be dependent on the ability to raise equity and debt financing which may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in third-party financing being unavailable on terms acceptable to the Company or at all. The impact of this action and related sanctions on the world economy and the specific impact on the Company’s financial position, results of operations and/or ability to consummate a business combination are not yet determinable. These consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On August 16, 2022, the Inflation Reduction Act of 2022 (the “IR Act”) was signed into federal law. The IR Act provides for, among other things, a new U.S. federal 1% excise tax on certain repurchases of stock by publicly traded U.S. domestic corporations and certain U.S. domestic subsidiaries of publicly traded foreign corporations occurring on or after January 1, 2023 (the “Excise Tax”). The Excise Tax is imposed on the repurchasing corporation itself, not its shareholders from which shares are repurchased. The amount of the Excise Tax is generally 1% of the fair market value of the shares repurchased at the time of the repurchase. However, for purposes of calculating the Excise Tax, repurchasing corporations are permitted to net the fair market value of certain new stock issuances against the fair market value of stock repurchases during the same taxable year. In addition, certain exceptions apply to the Excise Tax. The U.S. Department of the Treasury (the “Treasury”) has been given authority to provide regulations and other guidance to carry out and prevent the abuse or avoidance of the Excise Tax.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Any redemption or other repurchase that occurs on or after January 1, 2023, in connection with a business combination, votes relating to certain amendments to the Company’s Amended and Restated Certificate of Incorporation or otherwise, may be subject to the Excise Tax. Whether and to what extent the Company would be subject to the Excise Tax in connection with a business combination, votes relating to certain amendments to the Company’s Amended and Restated Certificate of Incorporation or otherwise would depend on a number of factors, including (i) the fair market value of the redemptions and repurchases in connection with the business combination, extension or otherwise, (ii) the structure of a business combination, (iii) the nature and amount of any “PIPE” or other equity issuances in connection with a business combination (or otherwise issued not in connection with a business combination but issued within the same taxable year of a business combination) and (iv) the content of regulations and other guidance from the Treasury. The mechanics of any required payment of the Excise Tax have not been determined. The foregoing could cause a reduction in the cash available on hand to complete a business combination and in the Company’s ability to effect an extension of the time in which the Company must complete a business combination or complete a business combination.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Consideration of IR Act Excise Tax</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 8, 2023, the Company’s stockholders redeemed <span id="xdx_903_eus-gaap--StockRedeemedOrCalledDuringPeriodShares_pid_c20230508__20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z67Dkb81mtM6" title="Redeemed shares">9,577,250</span> Class A shares for a total of $<span id="xdx_90A_eus-gaap--StockRedeemedOrCalledDuringPeriodValue_c20230508__20230508_zJ0OdGtm0mta" title="Shares redeemed value">100,078,879</span>. The Company evaluated the classification and accounting of the stock redemption under ASC 450, “Contingencies”. ASC 450 states that when a loss contingency exists the likelihood that the future events will confirm the loss or impairment of an asset or the incurrence of a liability can range from probable to remote. A contingent liability must be reviewed at each reporting period to determine appropriate treatment. The Company evaluated the current status and probability of completing a Business Combination as of December 31, 2023 and determined that a contingent liability should be calculated and recorded. As of December 31, 2023, the Company recorded $<span id="xdx_90E_eus-gaap--SalesAndExciseTaxPayableCurrent_iI_c20231231_zdrZMI7iU88" title="Excise tax liability">1,000,789</span> of excise tax liability calculated as 1% of shares redeemed.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Proposed Business Combination</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 31, 2023, the Company entered into an Agreement and Plan of Merger (the “Merger Agreement”), by and among the Company, Pono Two Merger Sub, Inc., a Delaware corporation incorporated in January 2023, and a wholly-owned subsidiary of the Company (“Merger Sub”), SBC Medical Group Holdings Incorporated, a Delaware corporation (“SBC”), Mehana Capital, LLC, in its capacity as Purchaser Representative, and Yoshiyuki Aikawa, in his capacity as Seller Representative.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Pursuant to the Merger Agreement, at the closing of the transactions contemplated by the Merger Agreement, Merger Sub will merge with and into SBC, with SBC continuing as the surviving corporation. The transactions contemplated by the Merger Agreement are referred to herein as the “Business Combination.”</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As a condition to closing of the Business Combination, SBC will complete certain restructuring transactions pursuant to which SBC Medical Group Co., Ltd., a Japanese corporation (“SBC-Japan”) and certain related entities which carry on the business of SBC-Japan and such other related entities, will become subsidiaries of SBC.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As consideration for the Business Combination, the holders of SBC securities as of the closing of the Business Combination, collectively will be entitled to receive from the Company, in the aggregate, a number of the Company’s securities with an aggregate value equal to <span id="xdx_90E_eus-gaap--BusinessCombinationAcquiredReceivablesDescription_c20230131__20230131__us-gaap--TypeOfArrangementAxis__custom--MergerAgreementMember__us-gaap--BusinessAcquisitionAxis__custom--SBCMedicalGroupHoldingsLLCMember_zs9W3BOJwlyd" title="Business combination, acquired receivables, description">(a) $1,000,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Merger Consideration otherwise payable to SBC stockholders at the Closing is subject to a number of shares of Pono Class A common stock equal to three percent (3.0%) of the Merger Consideration being placed in escrow with an escrow agent to be agreed by the parties, for post-closing adjustments (if any) to the Merger Consideration.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Merger Consideration is subject to adjustment after the Closing based on confirmed amounts of the Closing Net Indebtedness, Net Working Capital and transaction expenses as of the Closing Date. If the adjustment is a negative adjustment in favor of the Company, the escrow agent shall distribute to the Company a number of shares of the Company’s Class A common stock with a value equal to the absolute value of the adjustment amount. If the adjustment is a positive adjustment in favor of SBC, the Company will issue to the SBC stockholders an additional number of shares of the Company’s Class A common stock with a value equal to the adjustment amount.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 26, 2023, the Company entered into an amendment to the Merger Agreement (the “Amendment”) with the other parties thereto. Prior to the Amendment, the Merger Agreement provided that the <span id="xdx_902_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20230426__20230426__us-gaap--TypeOfArrangementAxis__custom--MergerAgreementMember__srt--TitleOfIndividualAxis__custom--SponsorMember_ziBYnD5vN4Ce" title="Shares issued to sponsor">1,200,000</span> newly issued shares of Class A Common Stock (“Sponsor Shares”) will be issued to the Sponsor on the date that is the earlier of (a) the six (6) month anniversary of the Closing or (b) the expiration of the “Founder Shares Lock-up Period” (as defined in the Company’s Insider Letter with the initial stockholders). Pursuant to the Amendment, the Sponsor in its sole discretion may direct the Company to issue all or a portion of the Sponsor Shares on an earlier or later date as it may determine, which date will not be earlier than the Closing. In addition, pursuant to the Amendment, the date by which (i) SBC will complete its agreed upon disclosure schedules, (ii) the Company will complete its due diligence review of SBC, and (iii) the parties to the Merger Agreement will agree upon any modifications or amendments to the Merger Agreement to the terms and conditions therein, among other related matters, was extended from April 28, 2023 to May 31, 2023. SBC also agreed to purchase, or to cause one of its Affiliates to purchase, equity in the Sponsor in an amount equal to $<span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodValueIssuedForServices_pid_c20230505__20230505__us-gaap--TypeOfArrangementAxis__custom--MergerAgreementMember__srt--TitleOfIndividualAxis__custom--SponsorMember_zD0BGgPqsaY8" title="Shares puchase to affiliates">1,000,000</span>, by way of a separate agreement. In the event that the parties failed to agree upon and execute the investment documents by May 5, 2023, then, for a period of two business days thereafter, either party could have terminated the Merger Agreement by providing written notice to the other party. In the event that the investment documents were agreed upon and executed by all parties by May 5, 2023, but SBC did not make payment for the investment on or before May 15, 2023, then, for a period of two business days thereafter, the Company could have terminated the Merger Agreement by providing written notice to SBC. Neither party provided notice of termination of the Merger Agreement within two business days as a result of failing to agree upon the investment documents by May 5, 2023.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 5, 2023, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to May 8, 2023. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from May 9, 2023 to February 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder (the “Extension Amendment”). The Company’s stockholders elected to redeem an aggregate of <span id="xdx_909_eus-gaap--StockRedeemedOrCalledDuringPeriodShares_pid_c20230508__20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zPtRm5BSNoIi" title="Aggregate redeemed shares">9,577,250</span> shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account is approximately $<span id="xdx_903_eus-gaap--AssetsHeldInTrust_iI_pn6n6_c20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zZIcURG6Op69" title="Remaining funds in the trust account">20.0</span> million.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the Special Meeting, the Company and the Sponsor entered into non-redemption agreements with certain unaffiliated stockholders owning, in the aggregate, <span id="xdx_90E_ecustom--NonRedeemptionAggregateShares_pid_c20230508__20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z3qLskZ8meIc" title="Non redeemption aggregate shares">998,682</span> shares of the Company’s Class A common stock, pursuant to which such stockholders agreed, among other things, not to redeem or exercise any right to redeem such public shares in connection with the Extension Amendment. In connection with the non-redemption agreements, the Sponsor agreed to transfer to the stockholders that entered into such agreements Sponsor Shares upon the consummation of the Company’s initial business combination.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 8, 2023, the Sponsor converted <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_pid_c20230508__20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--TitleOfIndividualAxis__custom--SponsorMember_zh0lKU4ZZgTi" title="Common stock shares converted">2,874,999</span> Founder Shares of Class B common stock into <span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_pid_c20230508__20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--TitleOfIndividualAxis__custom--SponsorMember_zL6V7CKnSsWc" title="Common stock shares converted">2,874,999</span> shares of Class A common stock, pursuant to the Third Amended and Restated Certificate of Incorporation of the Company.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 3, 2024, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to February 3, 2024. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from February 9, 2024 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder (the “Extension Amendment”). The Company’s stockholders elected to redeem an aggregate of <span id="xdx_905_eus-gaap--StockRedeemedOrCalledDuringPeriodShares_pid_c20240203__20240203__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zlS5a4LQXBG1" title="Aggregate redeemed shares">273,334</span> shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account is approximately $<span id="xdx_90B_eus-gaap--AssetsHeldInTrust_iI_pn5n6_c20240203__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zpFZfTLWiNT4" title="Remaining funds in the trust account">17.9</span> million.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 27, 2024, the Company and SBC entered into an Amendment to the Note Purchase Agreement (the “Amended Note Purchase Agreement”), which increased the purchase price of the Note from $<span id="xdx_905_eus-gaap--ConvertibleDebtCurrent_iI_c20230526__us-gaap--TypeOfArrangementAxis__custom--NotePurchaseAgreementMember_zIxeg7wq6Ywf" title="Convertible promissory note payable">1,000,000</span> to $<span id="xdx_900_eus-gaap--ConvertibleDebtCurrent_iI_c20240227__us-gaap--TypeOfArrangementAxis__custom--NotePurchaseAgreementMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_z3diNIyTF0Ph" title="Convertible promissory note payable">2,700,000</span>. In connection with entering into the Amended Note Purchase Agreement, the Company and SBC amended the Note (the “Amended Note”) to increase the Principal Amount from $<span id="xdx_905_eus-gaap--ConvertibleDebtCurrent_iI_c20230526__us-gaap--TypeOfArrangementAxis__custom--NotePurchaseAgreementMember_zPGSOMB4AJIb" title="Convertible promissory note payable">1,000,000</span> to $<span id="xdx_900_eus-gaap--ConvertibleDebtCurrent_iI_c20240227__us-gaap--TypeOfArrangementAxis__custom--NotePurchaseAgreementMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zB3ujuDgEd3d" title="Convertible promissory note payable">2,700,000</span>. In consideration for entering into the Amended Note, each of the parties to the Merger Agreement agreed to release each other party from any claims arising out of any termination of the Merger Agreement or failure to consummate the transactions contemplated thereby.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Amended and Restated Merger Agreement</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On June 21, 2023, the Company entered into an Amended and Restated Agreement and Plan of Merger (the “A&amp;R Merger Agreement”) with the parties thereto. Prior to the A&amp;R Merger Agreement, the Merger Agreement provided that by June 22, 2023: (i) SBC shall complete its agreed upon disclosure schedules, (ii) the Company shall complete its due diligence review of SBC, and (iii) the parties to the Original Agreement shall agree upon any modifications or amendments to the Original Agreement to the terms and conditions therein. The parties entered into the A&amp;R Merger Agreement in connection with such requirements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The A&amp;R Merger Agreement revised the target companies to be directly or indirectly purchased by the Company following a restructuring of SBC’s corporate structure, to include only the Service Companies and Other Entities, and to no longer include the direct or indirect purchase of SBC’s Medical Corporations, and as a result, removed other references to the Medical Corporations, including the related representations and warranties, among others. Pursuant to the A&amp;R Merger Agreement, the parties agreed that, following the date of the A&amp;R Merger Agreement, SBC used its commercially reasonable efforts to complete its disclosure schedules and delivered them to the Company by August 31, 2023. Upon delivery of the disclosure schedules to the Company, the disclosure schedules were deemed to modify and supplement SBC’s representations and warranties set forth in the A&amp;R Merger Agreement. The A&amp;R Merger Agreement also extended the date by which the Closing shall occur from September 30, 2023 (subject to extension) to December 31, 2023. Pursuant to the A&amp;R Merger Agreement, the parties also agreed that any future expenses incurred in connection with the extension of the time by which the Company must complete its initial business combination shall be borne entirely by the Company, which replaces and supersedes the prior requirement under the Original Agreement for the Company and SBC to share such expenses equally. See the Current Report on Form 8-K filed by the Company with the SEC on June 22, 2023 for additional details.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On September 8, 2023, Pono entered into the First Amendment to the A&amp;R Merger Agreement (the “Amendment”) with the parties thereto. Prior to the Amendment, <span id="xdx_905_ecustom--MergerAgreementDescription_c20230908__20230908__us-gaap--TypeOfArrangementAxis__custom--AandRMergerAgreementMember_zum262TnmWBk" title="Agreement description">the A&amp;R Merger Agreement provided for the holders of SBC securities collectively to be entitled to receive from Pono, in the aggregate, a number of Pono securities with an aggregate value equal to (the “Merger Consideration”) (a) $1,200,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination. Pursuant to the Amendment, the $1,200,000,000 amount in the Merger Consideration calculation above was reduced to $1,000,000,000.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On October 26, 2023, Pono entered into the Second Amendment to the Merger Agreement (the “Amendment”) with the parties thereto. Prior to the Amendment, the Pono board of directors as of the Closing was to be designated as follows: (i) three persons designated prior to the Closing by SBC, two of whom must qualify as independent directors; (ii) one person designated prior to the Closing by Pono; and (iii) one person mutually agreed upon and designated prior to the Closing by Pono and SBC, who must qualify as an independent director. Following the Amendment, the Pono board of directors as of the Closing will be designated as follows: (i) three persons designated prior to the Closing by SBC, at least one of whom must qualify as an independent director; (ii) one person designated prior to the Closing by Pono, who must qualify as an independent director; and (iii) one person mutually agreed upon and designated prior to the Closing by Pono and SBC, who must qualify as an independent director.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On December 28, 2023, Pono entered into the Third Amendment to the Merger Agreement (the “Amendment”) with the parties thereto. The Amendment was entered into solely to extend the Outside Date (as defined in the Merger Agreement) from December 31, 2023 to March 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 2022-03-11 11500000 1500000 115000000 634375 10.00 63000 6343750 117875000 10.25 6637645 1955000 4025000 67275 590370 284394 0.80 0.50 10.25 5000001 the Company had until 9 months (or up to 18 months from the closing of the Initial Public Offering at the election of the Company pursuant to nine one month extensions subject to satisfaction of certain conditions, including the deposit of $379,500 ($0.033 per unit) for such one month extension, into the Trust Account, or as extended by the Company’s stockholders in accordance with the Amended and Restated Certificate of Incorporation) from the closing of the Initial Public Offering to consummate a business combination (the “Combination Period”). On February 5, 2024, the Company filed an amendment to the Third Amended and Restated Certificate of Incorporation of the Company (i) to extend the Combination Period from February 9, 2023 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder If the Company is unable to complete a business combination within the Combination Period, the Company will (i) cease all operations except for the purpose of winding up, (ii) as promptly as reasonably possible but no more than ten business days thereafter, redeem 100% of the outstanding Public Shares, at a per-share price, payable in cash, equal to the aggregate amount then on deposit in the Trust Account, including interest earned (net of taxes payable and less interest to pay dissolution expenses up to $100,000), divided by the number of then outstanding Public Shares, which redemption will completely extinguish Public Stockholders’ rights as stockholders (including the right to receive further liquidation distributions, if any), subject to applicable law, and (iii) as promptly as reasonably possible following such redemption, subject to the approval of the remaining stockholders and the Company’s board of directors, proceed to commence a voluntary liquidation and thereby a formal dissolution of the Company, subject in each case to its obligations to provide for claims of creditors and the requirements of applicable law. 10.00 10.25 284394 -1129417 -5995269 -1772831 -2132921 1000000 1500000 9577250 100078879 1000789 (a) $1,000,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination. 1200000 1000000 9577250 20000000.0 998682 2874999 2874999 273334 17900000 1000000 2700000 1000000 2700000 the A&R Merger Agreement provided for the holders of SBC securities collectively to be entitled to receive from Pono, in the aggregate, a number of Pono securities with an aggregate value equal to (the “Merger Consideration”) (a) $1,200,000,000, minus (b) the amount, if any, by which $3,000,000 exceeds SBC’s Net Working Capital, plus (c) the amount, if any, by which SBC’s Net Working Capital exceeds $3,000,000, minus (d) the aggregate amount of any outstanding indebtedness (minus cash held by SBC) of SBC at Closing, minus (e) specified transaction expenses of SBC associated with the Business Combination. Pursuant to the Amendment, the $1,200,000,000 amount in the Merger Consideration calculation above was reduced to $1,000,000,000. <p id="xdx_801_eus-gaap--SignificantAccountingPoliciesTextBlock_zLq4EriWbVla" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 2. <span id="xdx_82B_z7qXzRwDNTi9">SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_845_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zvwL1e3lEtX6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_862_z6hoBQDLEwC2">Basis of Presentation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements of the Company are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_847_eus-gaap--ConsolidationPolicyTextBlock_zllRULjkmRl" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86E_zKZkktD8rSP3">Principles of Consolidation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany balances and transactions have been eliminated in consolidation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84E_ecustom--EmergingGrowthCompanyPolicyTextBlock_zIGOchnaqisc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_zLw2Mw5xXe5a">Emerging Growth Company</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84F_eus-gaap--UseOfEstimates_zeVu26wwus19" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_863_zqfe79Pmiz9e">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the consolidated financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84B_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_zo1iKv0xygHa" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_869_zNyzyiw7JhXb">Cash</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did <span id="xdx_90F_eus-gaap--CashEquivalentsAtCarryingValue_iI_do_c20231231_z9TcDURyuLR8" title="Cash equivalents"><span id="xdx_90B_eus-gaap--CashEquivalentsAtCarryingValue_iI_do_c20221231_zTJPbuRds4Ca" title="Cash equivalents">no</span></span>t have any cash equivalents as of December 31, 2023 and December 31, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84E_eus-gaap--MarketableSecuritiesPolicy_z6hN1rgouGE9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86B_zpKkKaAeXqPa">Investments Held in Trust Account</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023 and December 31, 2022, the assets held in the Trust Account were held in money market funds, which were invested in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as trading securities. Such trading securities are presented on the balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held in Trust Account are included in interest and dividend income on investments held in Trust Account in the accompanying statements of operations. The estimated fair values of investments held in the Trust Account are determined using available market information. The Company had $<span id="xdx_907_eus-gaap--AssetsHeldInTrust_iI_c20231231_zOcz77jk8FE" title="Investments held in trust account">20,850,793</span> and $<span id="xdx_903_eus-gaap--AssetsHeldInTrust_iI_c20221231_z6OlpWZwe4Cj" title="Investments held in trust account">119,220,016</span> in investments held in the Trust Account as of December 31, 2023 and December 31, 2022, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_840_eus-gaap--SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_zcgDqyIPMo06" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><span id="xdx_86A_z0rEqvBLZDBh">Common Stock Subject to Possible Redemption</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All of the Class A common stock sold as part of the Units in the Initial Public Offering contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s liquidation, if there is a stockholder vote or tender offer in connection with the business combination and in connection with certain amendments to the Company’s Amended and Restated Certificate of Incorporation. In accordance with ASC 480, conditionally redeemable Class A common stock (including shares of Class A common stock that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that currently, the Company will not redeem its Public Shares in an amount that would cause its net tangible assets (stockholders’ equity) to be less than $<span id="xdx_907_eus-gaap--StockRedeemedOrCalledDuringPeriodValue_pp0p0_c20230101__20231231__srt--RangeAxis__srt--MinimumMember_zsbiU1AcMXGj" title="Common stock subject to possible redemption">5,000,001</span>. However, the threshold in its charter would not change the nature of the underlying shares as redeemable and thus Public Shares would be required to be disclosed outside of permanent equity. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable common stock to equal the redemption value at the end of each reporting period. Such changes are reflected in additional paid-in capital, or in the absence of additional paid-in capital, in accumulated deficit.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"> </p> <p id="xdx_895_eus-gaap--ScheduleOfStockByClassTextBlock_zeBV5LCJ9FTb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the Class A common stock reflected in the balance sheets is reconciled in the following table:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_8B0_zDqJhBs2X5kj" style="display: none">SCHEDULE OF REDEEMABLE CLASS A COMMON STOCK</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_491_20220311__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zH2xAou5PN0g" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_zbyBTaImU1oc" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 76%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Gross proceeds</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">115,000,000</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Less:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--ProceedsFromIssuanceOfWarrants_iN_di_za3E0SLjyDC5" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Proceeds allocated to Public Warrants</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(2,978,500</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40F_ecustom--TemporaryEquityIssuanceCostsAllocatedToCommonStock_zNvKq3Kmw9ag" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Issuance costs allocated to Class A common stock</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(6,432,257</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Plus:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--TemporaryEquityAccretionToRedemptionValue_zzhlTrLqIz2b" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Accretion of Class A common stock subject to redemption to redemption amount</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">13,120,621</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Class A common stock subject to possible redemption as of December 31, 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_98A_eus-gaap--TemporaryEquityCarryingAmountAttributableToParent_iS_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z5VPjJwsKLrc" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Class A common stock subject to possible redemption"><span style="font-family: Times New Roman, Times, Serif">118,709,864</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Plus:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Accretion of Class A common stock subject to redemption to redemption amount</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_989_eus-gaap--TemporaryEquityAccretionToRedemptionValue_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zagEuClUh4Kd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accretion of Class A common stock subject to redemption to redemption amount"><span style="font-family: Times New Roman, Times, Serif">1,975,219</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Redemption of Class A common stock subject to redemption</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_98F_ecustom--TemporaryEquityCarryingAmountRedemptionValue_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zjVCMW30Ylse" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accretion of Class A common stock subject to redemption to redemption amount"><span style="font-family: Times New Roman, Times, Serif">(100,078,879</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Class A common stock subject to possible redemption as of December 31, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_984_eus-gaap--TemporaryEquityCarryingAmountAttributableToParent_iE_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z4NGPukuTTO6" style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Class A common stock subject to possible redemption"><span style="font-family: Times New Roman, Times, Serif">20,606,204</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p id="xdx_8AB_zytDN3h4wgWd" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_846_eus-gaap--IncomeTaxPolicyTextBlock_zWsqwN5dfIs5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_866_zURsEXeLuBT8">Income Taxes</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company complies with the accounting and reporting requirements of Accounting Standards Codification (“ASC”) Topic 740 - <i>Income Taxes</i> (“ASC 740”) which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the unaudited condensed consolidated financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the unaudited condensed consolidated financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined the United States is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no unrecognized tax benefits as of December 31, 2023 and December 31, 2022 and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eus-gaap--EarningsPerSharePolicyTextBlock_zeqTjQWATGri" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_zpD9bBaoYSj1">Net Income Per Share</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Net income per share is computed by dividing net income by the weighted-average number of shares outstanding during the period. Therefore, the income per share calculation allocates income shared pro rata between Class A and Class B common stock. As a result, the calculated net income per share is the same for Class A and Class B common stock. The Company has not considered the effect of the Public Warrants (as defined in Note 3) and Placement Warrants (as defined in Note 4), to purchase an aggregate of <span id="xdx_90B_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20231231__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsAndPlacementWarrantsMember_zvReorGSDuk1" title="Number of aggregate shares issued">12,134,375</span> shares in the calculation of income per share, since the exercise of the warrants is contingent upon the occurrence of future events. The <span id="xdx_906_eus-gaap--ConversionOfStockSharesIssued1_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zg6Lkm7yABTj" title="Number of shares issued upon conversion">100,000</span> Class A Shares (as defined in Note 5) that would be issuable upon conversion of the Convertible Promissory Note have been included in the calculation of diluted net income per ordinary share.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_897_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_zpBjZvR8izei" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table reflects the calculation of basic and diluted net income per share:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_8B8_zPHDrDbhyPQ3" style="display: none">SCHEDULE OF BASIC AND DILUTED NET INCOME PER SHARE</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_49F_20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zUIbksP31Tc3" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class A</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_49C_20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_ziRnd8ThvMWd" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class B</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_494_20220311__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zn5zBNFdd2r6" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class A</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_496_20220311__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_znGGKvg84Hs8" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class B</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">For the year ended<br/> December 31, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the period from</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>March 11, 2022</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(inception) through</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2022</b></span></p></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class A</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class B</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class A</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class B</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Basic net income per share:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Numerator:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_zXMT4JjbllHc" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 20pt; padding-bottom: 2.5pt; width: 44%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Net income</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">301,052</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">38,715</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">381,031</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">171,782</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Denominator:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zhCsfya2Oo66" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Basic weighted average shares outstanding</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">7,840,002</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,008,220</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">5,951,288</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">2,683,051</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareBasic_zM4YUSfj6AEg" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Basic net income per share</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.04</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.04</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.06</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.06</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Diluted net income per share:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Numerator:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_zlDGNOtx9gb6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 20pt; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Net income</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">301,313</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">38,454</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">381,031</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">171,782</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Denominator:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_zbsXBLFShkpj" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Diluted weighted average shares outstanding</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">7,900,002</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,008,220</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">5,951,288</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">2,683,051</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40B_eus-gaap--EarningsPerShareDiluted_zYfUIActuOk2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Diluted net income per share</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.04</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.04</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.06</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.06</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p id="xdx_8A8_ztgnPL4ZV0Uk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_z3SbcPla4zQk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_zRRX5uL4GN05">Concentration of Credit Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $<span id="xdx_90C_eus-gaap--CashFDICInsuredAmount_iI_c20231231_zwPodCgtYQt9" title="FDIC insured amount">250,000</span>. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eus-gaap--FairValueOfFinancialInstrumentsPolicy_zCxYBc76S9oa" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_862_zx9RWjYMIcHk">Fair Value of Financial Instruments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company applies ASC Topic 820, <i>Fair Value Measurement</i> (“ASC 820”), which establishes a framework for measuring fair value and clarifies the definition of fair value within that framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a liability in the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement date. The fair value hierarchy established in ASC 820 generally requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Observable inputs reflect the assumptions that market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the entity’s own assumptions based on market data and the entity’s judgments about the assumptions that market participants would use in pricing the asset or liability and are to be developed based on the best information available in the circumstances.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The carrying amounts reflected in the balance sheet for current assets and current liabilities approximate fair value due to their short-term nature. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 1 — Assets and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement are observable inputs, such as quoted prices in active markets for identical assets or liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 2 — Inputs to the fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 3 — Inputs to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market data exists for the assets or liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">See Note 9 for additional information on assets measured at fair value.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_849_eus-gaap--DerivativesPolicyTextBlock_zGXqTrizBVNb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86B_zFW3s0DAVS84">Derivative Financial Instruments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, <i>Derivatives and Hedging</i> (“ASC 815”). For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the statement of operations. For derivative instruments that are classified as equity, the derivative instruments are initially measured at fair value (or allocated value), and subsequent changes in fair value are not recognized as long as the contracts continue to be classified in equity.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_ecustom--WarrantsPolicyTextBlock_z7WSkLU89e47" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span><span id="xdx_86F_zWBjOYwE6Xze">Warrants</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815. The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own common stock, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statement of operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The warrants are not precluded from equity classification, and are accounted for as such on the date of issuance, and each balance sheet date thereafter.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84F_ecustom--OfferingCostsPolicyTextBlock_zG3BZJaAAWXj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zRK0MtgJQiuf">Offering Costs</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company complies with the requirements of ASC Topic 340, <i>Other Assets and Deferred Costs</i> and SEC Staff Accounting Bulletin (“SAB”) Topic 5A-Expenses of Offering. Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering date that are directly related to the Initial Public Offering. The Company recorded offering costs as a reduction of temporary equity in connection with the warrants and shares.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_841_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zjdNqFFub3xd" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_zphlW3t3rUGd">Recent Accounting Standards</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires public entities to disclose consistent categories and greater disaggregation of information in the rate reconciliation and for income taxes paid. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The accounting pronouncement is not expected to have a material impact on our consolidated financial statements and related disclosures.</span></p> <p id="xdx_858_zScG4SzUthNf" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_845_eus-gaap--BasisOfAccountingPolicyPolicyTextBlock_zvwL1e3lEtX6" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_862_z6hoBQDLEwC2">Basis of Presentation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements of the Company are presented in conformity with accounting principles generally accepted in the United States of America (“GAAP”) and pursuant to the rules and regulations of the SEC.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_847_eus-gaap--ConsolidationPolicyTextBlock_zllRULjkmRl" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86E_zKZkktD8rSP3">Principles of Consolidation</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The accompanying consolidated financial statements include the accounts of the Company and its wholly-owned subsidiary. All significant intercompany balances and transactions have been eliminated in consolidation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84E_ecustom--EmergingGrowthCompanyPolicyTextBlock_zIGOchnaqisc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_zLw2Mw5xXe5a">Emerging Growth Company</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the independent registered public accounting firm attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and stockholder approval of any golden parachute payments not previously approved.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Exchange Act) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s consolidated financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84F_eus-gaap--UseOfEstimates_zeVu26wwus19" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_863_zqfe79Pmiz9e">Use of Estimates</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of the consolidated financial statements in conformity with GAAP requires the Company’s management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the consolidated financial statements and the reported amounts of expenses during the reporting period.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the consolidated financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ from those estimates.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84B_eus-gaap--CashAndCashEquivalentsPolicyTextBlock_zo1iKv0xygHa" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_869_zNyzyiw7JhXb">Cash</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents. The Company did <span id="xdx_90F_eus-gaap--CashEquivalentsAtCarryingValue_iI_do_c20231231_z9TcDURyuLR8" title="Cash equivalents"><span id="xdx_90B_eus-gaap--CashEquivalentsAtCarryingValue_iI_do_c20221231_zTJPbuRds4Ca" title="Cash equivalents">no</span></span>t have any cash equivalents as of December 31, 2023 and December 31, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 0 0 <p id="xdx_84E_eus-gaap--MarketableSecuritiesPolicy_z6hN1rgouGE9" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86B_zpKkKaAeXqPa">Investments Held in Trust Account</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023 and December 31, 2022, the assets held in the Trust Account were held in money market funds, which were invested in U.S. Treasury securities. All of the Company’s investments held in the Trust Account are classified as trading securities. Such trading securities are presented on the balance sheets at fair value at the end of each reporting period. Gains and losses resulting from the change in fair value of investments held in Trust Account are included in interest and dividend income on investments held in Trust Account in the accompanying statements of operations. The estimated fair values of investments held in the Trust Account are determined using available market information. The Company had $<span id="xdx_907_eus-gaap--AssetsHeldInTrust_iI_c20231231_zOcz77jk8FE" title="Investments held in trust account">20,850,793</span> and $<span id="xdx_903_eus-gaap--AssetsHeldInTrust_iI_c20221231_z6OlpWZwe4Cj" title="Investments held in trust account">119,220,016</span> in investments held in the Trust Account as of December 31, 2023 and December 31, 2022, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 20850793 119220016 <p id="xdx_840_eus-gaap--SharesSubjectToMandatoryRedemptionChangesInRedemptionValuePolicyTextBlock_zcgDqyIPMo06" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt; background-color: white"><b><span id="xdx_86A_z0rEqvBLZDBh">Common Stock Subject to Possible Redemption</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">All of the Class A common stock sold as part of the Units in the Initial Public Offering contain a redemption feature which allows for the redemption of such Public Shares in connection with the Company’s liquidation, if there is a stockholder vote or tender offer in connection with the business combination and in connection with certain amendments to the Company’s Amended and Restated Certificate of Incorporation. In accordance with ASC 480, conditionally redeemable Class A common stock (including shares of Class A common stock that feature redemption rights that are either within the control of the holder or subject to redemption upon the occurrence of uncertain events not solely within the Company’s control) is classified as temporary equity. Ordinary liquidation events, which involve the redemption and liquidation of all of the entity’s equity instruments, are excluded from the provisions of ASC 480. Although the Company did not specify a maximum redemption threshold, its charter provides that currently, the Company will not redeem its Public Shares in an amount that would cause its net tangible assets (stockholders’ equity) to be less than $<span id="xdx_907_eus-gaap--StockRedeemedOrCalledDuringPeriodValue_pp0p0_c20230101__20231231__srt--RangeAxis__srt--MinimumMember_zsbiU1AcMXGj" title="Common stock subject to possible redemption">5,000,001</span>. However, the threshold in its charter would not change the nature of the underlying shares as redeemable and thus Public Shares would be required to be disclosed outside of permanent equity. The Company recognizes changes in redemption value immediately as they occur and adjusts the carrying value of redeemable common stock to equal the redemption value at the end of each reporting period. Such changes are reflected in additional paid-in capital, or in the absence of additional paid-in capital, in accumulated deficit.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"> </p> <p id="xdx_895_eus-gaap--ScheduleOfStockByClassTextBlock_zeBV5LCJ9FTb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the Class A common stock reflected in the balance sheets is reconciled in the following table:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_8B0_zDqJhBs2X5kj" style="display: none">SCHEDULE OF REDEEMABLE CLASS A COMMON STOCK</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_491_20220311__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zH2xAou5PN0g" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_zbyBTaImU1oc" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 76%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Gross proceeds</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">115,000,000</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Less:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--ProceedsFromIssuanceOfWarrants_iN_di_za3E0SLjyDC5" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Proceeds allocated to Public Warrants</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(2,978,500</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40F_ecustom--TemporaryEquityIssuanceCostsAllocatedToCommonStock_zNvKq3Kmw9ag" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Issuance costs allocated to Class A common stock</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(6,432,257</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Plus:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--TemporaryEquityAccretionToRedemptionValue_zzhlTrLqIz2b" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Accretion of Class A common stock subject to redemption to redemption amount</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">13,120,621</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Class A common stock subject to possible redemption as of December 31, 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_98A_eus-gaap--TemporaryEquityCarryingAmountAttributableToParent_iS_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z5VPjJwsKLrc" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Class A common stock subject to possible redemption"><span style="font-family: Times New Roman, Times, Serif">118,709,864</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Plus:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Accretion of Class A common stock subject to redemption to redemption amount</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_989_eus-gaap--TemporaryEquityAccretionToRedemptionValue_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zagEuClUh4Kd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accretion of Class A common stock subject to redemption to redemption amount"><span style="font-family: Times New Roman, Times, Serif">1,975,219</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Redemption of Class A common stock subject to redemption</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_98F_ecustom--TemporaryEquityCarryingAmountRedemptionValue_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zjVCMW30Ylse" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accretion of Class A common stock subject to redemption to redemption amount"><span style="font-family: Times New Roman, Times, Serif">(100,078,879</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Class A common stock subject to possible redemption as of December 31, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_984_eus-gaap--TemporaryEquityCarryingAmountAttributableToParent_iE_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z4NGPukuTTO6" style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Class A common stock subject to possible redemption"><span style="font-family: Times New Roman, Times, Serif">20,606,204</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p id="xdx_8AB_zytDN3h4wgWd" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> 5000001 <p id="xdx_895_eus-gaap--ScheduleOfStockByClassTextBlock_zeBV5LCJ9FTb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">As of December 31, 2023, the Class A common stock reflected in the balance sheets is reconciled in the following table:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_8B0_zDqJhBs2X5kj" style="display: none">SCHEDULE OF REDEEMABLE CLASS A COMMON STOCK</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td style="font: 10pt Times New Roman, Times, Serif"> </td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td><td id="xdx_491_20220311__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zH2xAou5PN0g" style="font: 10pt Times New Roman, Times, Serif; text-align: right"> </td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"> </td></tr> <tr id="xdx_40A_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_zbyBTaImU1oc" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 76%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Gross proceeds</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 20%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">115,000,000</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Less:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--ProceedsFromIssuanceOfWarrants_iN_di_za3E0SLjyDC5" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Proceeds allocated to Public Warrants</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(2,978,500</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40F_ecustom--TemporaryEquityIssuanceCostsAllocatedToCommonStock_zNvKq3Kmw9ag" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Issuance costs allocated to Class A common stock</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(6,432,257</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Plus:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--TemporaryEquityAccretionToRedemptionValue_zzhlTrLqIz2b" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Accretion of Class A common stock subject to redemption to redemption amount</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">13,120,621</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Class A common stock subject to possible redemption as of December 31, 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_98A_eus-gaap--TemporaryEquityCarryingAmountAttributableToParent_iS_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z5VPjJwsKLrc" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Class A common stock subject to possible redemption"><span style="font-family: Times New Roman, Times, Serif">118,709,864</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Plus:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Accretion of Class A common stock subject to redemption to redemption amount</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_989_eus-gaap--TemporaryEquityAccretionToRedemptionValue_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zagEuClUh4Kd" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accretion of Class A common stock subject to redemption to redemption amount"><span style="font-family: Times New Roman, Times, Serif">1,975,219</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Redemption of Class A common stock subject to redemption</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_98F_ecustom--TemporaryEquityCarryingAmountRedemptionValue_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zjVCMW30Ylse" style="font: 10pt Times New Roman, Times, Serif; text-align: right" title="Accretion of Class A common stock subject to redemption to redemption amount"><span style="font-family: Times New Roman, Times, Serif">(100,078,879</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Class A common stock subject to possible redemption as of December 31, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_984_eus-gaap--TemporaryEquityCarryingAmountAttributableToParent_iE_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z4NGPukuTTO6" style="border-bottom: Black 2.5pt double; font: bold 10pt Times New Roman, Times, Serif; text-align: right" title="Class A common stock subject to possible redemption"><span style="font-family: Times New Roman, Times, Serif">20,606,204</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> 115000000 2978500 -6432257 13120621 118709864 1975219 -100078879 20606204 <p id="xdx_846_eus-gaap--IncomeTaxPolicyTextBlock_zWsqwN5dfIs5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_866_zURsEXeLuBT8">Income Taxes</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company complies with the accounting and reporting requirements of Accounting Standards Codification (“ASC”) Topic 740 - <i>Income Taxes</i> (“ASC 740”) which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the unaudited condensed consolidated financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC 740 prescribes a recognition threshold and a measurement attribute for the unaudited condensed consolidated financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined the United States is the Company’s only major tax jurisdiction. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no unrecognized tax benefits as of December 31, 2023 and December 31, 2022 and no amounts accrued for interest and penalties. The Company is currently not aware of any issues under review that could result in significant payments, accruals or material deviation from its position. The Company is subject to income tax examinations by major taxing authorities since inception.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_eus-gaap--EarningsPerSharePolicyTextBlock_zeqTjQWATGri" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_865_zpD9bBaoYSj1">Net Income Per Share</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Net income per share is computed by dividing net income by the weighted-average number of shares outstanding during the period. Therefore, the income per share calculation allocates income shared pro rata between Class A and Class B common stock. As a result, the calculated net income per share is the same for Class A and Class B common stock. The Company has not considered the effect of the Public Warrants (as defined in Note 3) and Placement Warrants (as defined in Note 4), to purchase an aggregate of <span id="xdx_90B_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20231231__us-gaap--ClassOfWarrantOrRightAxis__custom--PublicWarrantsAndPlacementWarrantsMember_zvReorGSDuk1" title="Number of aggregate shares issued">12,134,375</span> shares in the calculation of income per share, since the exercise of the warrants is contingent upon the occurrence of future events. The <span id="xdx_906_eus-gaap--ConversionOfStockSharesIssued1_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zg6Lkm7yABTj" title="Number of shares issued upon conversion">100,000</span> Class A Shares (as defined in Note 5) that would be issuable upon conversion of the Convertible Promissory Note have been included in the calculation of diluted net income per ordinary share.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_897_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_zpBjZvR8izei" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table reflects the calculation of basic and diluted net income per share:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_8B8_zPHDrDbhyPQ3" style="display: none">SCHEDULE OF BASIC AND DILUTED NET INCOME PER SHARE</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_49F_20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zUIbksP31Tc3" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class A</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_49C_20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_ziRnd8ThvMWd" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class B</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_494_20220311__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zn5zBNFdd2r6" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class A</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_496_20220311__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_znGGKvg84Hs8" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class B</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">For the year ended<br/> December 31, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the period from</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>March 11, 2022</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(inception) through</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2022</b></span></p></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class A</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class B</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class A</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class B</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Basic net income per share:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Numerator:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_zXMT4JjbllHc" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 20pt; padding-bottom: 2.5pt; width: 44%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Net income</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">301,052</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">38,715</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">381,031</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">171,782</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Denominator:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zhCsfya2Oo66" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Basic weighted average shares outstanding</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">7,840,002</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,008,220</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">5,951,288</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">2,683,051</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareBasic_zM4YUSfj6AEg" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Basic net income per share</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.04</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.04</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.06</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.06</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Diluted net income per share:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Numerator:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_zlDGNOtx9gb6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 20pt; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Net income</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">301,313</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">38,454</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">381,031</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">171,782</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Denominator:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_zbsXBLFShkpj" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Diluted weighted average shares outstanding</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">7,900,002</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,008,220</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">5,951,288</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">2,683,051</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40B_eus-gaap--EarningsPerShareDiluted_zYfUIActuOk2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Diluted net income per share</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.04</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.04</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.06</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.06</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p id="xdx_8A8_ztgnPL4ZV0Uk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> 12134375 100000 <p id="xdx_897_eus-gaap--ScheduleOfEarningsPerShareBasicAndDilutedTableTextBlock_zpBjZvR8izei" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table reflects the calculation of basic and diluted net income per share:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_8B8_zPHDrDbhyPQ3" style="display: none">SCHEDULE OF BASIC AND DILUTED NET INCOME PER SHARE</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; display: none; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_49F_20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zUIbksP31Tc3" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class A</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_49C_20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_ziRnd8ThvMWd" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class B</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_494_20220311__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zn5zBNFdd2r6" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class A</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td id="xdx_496_20220311__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_znGGKvg84Hs8" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class B</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">For the year ended<br/> December 31, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="6" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>For the period from</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>March 11, 2022</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>(inception) through</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>December 31, 2022</b></span></p></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class A</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class B</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class A</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Class B</b></span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Basic net income per share:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Numerator:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_eus-gaap--NetIncomeLossAvailableToCommonStockholdersBasic_zXMT4JjbllHc" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 20pt; padding-bottom: 2.5pt; width: 44%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Net income</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">301,052</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">38,715</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">381,031</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 10%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">171,782</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Denominator:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_eus-gaap--WeightedAverageNumberOfSharesOutstandingBasic_zhCsfya2Oo66" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Basic weighted average shares outstanding</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">7,840,002</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,008,220</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">5,951,288</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">2,683,051</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40F_eus-gaap--EarningsPerShareBasic_zM4YUSfj6AEg" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Basic net income per share</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.04</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.04</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.06</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.06</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Diluted net income per share:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Numerator:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_405_eus-gaap--NetIncomeLossAvailableToCommonStockholdersDiluted_zlDGNOtx9gb6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 20pt; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Net income</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">301,313</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">38,454</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">381,031</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">171,782</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Denominator:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_409_eus-gaap--WeightedAverageNumberOfDilutedSharesOutstanding_zbsXBLFShkpj" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Diluted weighted average shares outstanding</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">7,900,002</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1,008,220</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">5,951,288</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">2,683,051</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40B_eus-gaap--EarningsPerShareDiluted_zYfUIActuOk2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Diluted net income per share</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.04</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.04</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.06</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.06</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> 301052 38715 381031 171782 7840002 1008220 5951288 2683051 0.04 0.04 0.06 0.06 301313 38454 381031 171782 7900002 1008220 5951288 2683051 0.04 0.04 0.06 0.06 <p id="xdx_844_eus-gaap--ConcentrationRiskCreditRisk_z3SbcPla4zQk" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_867_zRRX5uL4GN05">Concentration of Credit Risk</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Financial instruments that potentially subject the Company to concentration of credit risk consist of a cash account in a financial institution which, at times may exceed the Federal depository insurance coverage of $<span id="xdx_90C_eus-gaap--CashFDICInsuredAmount_iI_c20231231_zwPodCgtYQt9" title="FDIC insured amount">250,000</span>. The Company has not experienced losses on this account and management believes the Company is not exposed to significant risks on such account.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 250000 <p id="xdx_84D_eus-gaap--FairValueOfFinancialInstrumentsPolicy_zCxYBc76S9oa" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_862_zx9RWjYMIcHk">Fair Value of Financial Instruments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company applies ASC Topic 820, <i>Fair Value Measurement</i> (“ASC 820”), which establishes a framework for measuring fair value and clarifies the definition of fair value within that framework. ASC 820 defines fair value as an exit price, which is the price that would be received for an asset or paid to transfer a liability in the Company’s principal or most advantageous market in an orderly transaction between market participants on the measurement date. The fair value hierarchy established in ASC 820 generally requires an entity to maximize the use of observable inputs and minimize the use of unobservable inputs when measuring fair value. Observable inputs reflect the assumptions that market participants would use in pricing the asset or liability and are developed based on market data obtained from sources independent of the reporting entity. Unobservable inputs reflect the entity’s own assumptions based on market data and the entity’s judgments about the assumptions that market participants would use in pricing the asset or liability and are to be developed based on the best information available in the circumstances.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The carrying amounts reflected in the balance sheet for current assets and current liabilities approximate fair value due to their short-term nature. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 1 — Assets and liabilities with unadjusted, quoted prices listed on active market exchanges. Inputs to the fair value measurement are observable inputs, such as quoted prices in active markets for identical assets or liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 2 — Inputs to the fair value measurement are determined using prices for recently traded assets and liabilities with similar underlying terms, as well as direct or indirect observable inputs, such as interest rates and yield curves that are observable at commonly quoted intervals.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Level 3 — Inputs to the fair value measurement are unobservable inputs, such as estimates, assumptions, and valuation techniques when little or no market data exists for the assets or liabilities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">See Note 9 for additional information on assets measured at fair value.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_849_eus-gaap--DerivativesPolicyTextBlock_zGXqTrizBVNb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86B_zFW3s0DAVS84">Derivative Financial Instruments</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company evaluates its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives in accordance with ASC Topic 815, <i>Derivatives and Hedging</i> (“ASC 815”). For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value on the grant date and is then re-valued at each reporting date, with changes in the fair value reported in the statement of operations. For derivative instruments that are classified as equity, the derivative instruments are initially measured at fair value (or allocated value), and subsequent changes in fair value are not recognized as long as the contracts continue to be classified in equity.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84D_ecustom--WarrantsPolicyTextBlock_z7WSkLU89e47" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span><span id="xdx_86F_zWBjOYwE6Xze">Warrants</span></span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s specific terms and applicable authoritative guidance in ASC 480 and ASC 815. The assessment considers whether the warrants are freestanding financial instruments pursuant to ASC 480, meet the definition of a liability pursuant to ASC 480, and whether the warrants meet all of the requirements for equity classification under ASC 815, including whether the warrants are indexed to the Company’s own common stock, among other conditions for equity classification. This assessment, which requires the use of professional judgment, is conducted at the time of warrant issuance and as of each subsequent quarterly period end date while the warrants are outstanding.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For issued or modified warrants that meet all of the criteria for equity classification, the warrants are required to be recorded as a component of additional paid-in capital at the time of issuance. For issued or modified warrants that do not meet all the criteria for equity classification, the warrants are required to be recorded as liabilities at their initial fair value on the date of issuance, and each balance sheet date thereafter. Changes in the estimated fair value of the warrants are recognized as a non-cash gain or loss on the statement of operations.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The warrants are not precluded from equity classification, and are accounted for as such on the date of issuance, and each balance sheet date thereafter.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_84F_ecustom--OfferingCostsPolicyTextBlock_zG3BZJaAAWXj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86F_zRK0MtgJQiuf">Offering Costs</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company complies with the requirements of ASC Topic 340, <i>Other Assets and Deferred Costs</i> and SEC Staff Accounting Bulletin (“SAB”) Topic 5A-Expenses of Offering. Offering costs consist of legal, accounting, underwriting fees and other costs incurred through the Initial Public Offering date that are directly related to the Initial Public Offering. The Company recorded offering costs as a reduction of temporary equity in connection with the warrants and shares.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_841_eus-gaap--NewAccountingPronouncementsPolicyPolicyTextBlock_zjdNqFFub3xd" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86D_zphlW3t3rUGd">Recent Accounting Standards</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In December 2023, the FASB issued ASU 2023-09, “Income Taxes (Topic 740): Improvements to Income Tax Disclosures,” which requires public entities to disclose consistent categories and greater disaggregation of information in the rate reconciliation and for income taxes paid. It also includes certain other amendments to improve the effectiveness of income tax disclosures. The guidance is effective for financial statements issued for annual periods beginning after December 15, 2024, with early adoption permitted. The accounting pronouncement is not expected to have a material impact on our consolidated financial statements and related disclosures.</span></p> <p id="xdx_80E_ecustom--InitialPublicOfferingTextBlock_zuhtUptk3PPd" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 3. <span id="xdx_821_zqMcNkUXGTee">INITIAL PUBLIC OFFERING</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The registration statement for the Company’s Initial Public Offering was declared effective on August 4, 2022. On August 9, 2022, the Company consummated the Initial Public Offering of <span id="xdx_903_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zRJgVKKlHxE7" title="Number of shares issued">11,500,000</span> Units, including <span id="xdx_904_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zNJllF1Gl4Xk" title="Number of shares issued">1,500,000</span> Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $<span id="xdx_908_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zsyeBjrp2dsg" title="Gross proceeds from initial public offering">115,000,000</span>. Each Unit consisted of one share of Class A common stock and one redeemable warrant (“Public Warrant”). Each Public Warrant entitles the holder to purchase one share of Class A common stock at an exercise price of $<span id="xdx_90F_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20220809__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--StatementEquityComponentsAxis__custom--PublicWarrantMember_z2QqIsm6g314" title="Class of warrant or right exercise price">11.50</span> per whole share (see Note 7).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 11500000 1500000 115000000 11.50 <p id="xdx_804_ecustom--PrivatePlacementTextBlock_z1rZM0Ove8we" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 4. <span id="xdx_826_zhZnZq1wHwPc">PRIVATE PLACEMENT</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Simultaneously with the closing of the Initial Public Offering, the Company consummated the sale of <span id="xdx_908_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zUOxs8DfUCf1" title="Number of shares issued">634,375</span> Placement Units at a price of $<span id="xdx_906_eus-gaap--SaleOfStockPricePerShare_iI_pid_c20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zhHCZ8kWB1u3" title="Sale of stock price per share">10.00</span> per Placement Unit in a private placement to the Sponsor, including <span id="xdx_904_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zXGJFPgQdjH4" title="Number of shares issued">63,000</span> Placement Units issued pursuant to the exercise of the underwriters’ over-allotment option in full, generating gross proceeds of $<span id="xdx_909_eus-gaap--ProceedsFromIssuanceOfPrivatePlacement_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zsUbzHekz83h" title="Gross proceeds from private placement">6,343,750</span>. Each Placement Unit consists of one share of Class A common stock (“Placement Share”) and one warrant (“Placement Warrant”). The proceeds from the sale of the Placement Units were added to the net proceeds from the Initial Public Offering held in the Trust Account. If the Company does not complete a business combination within the Combination Period, the proceeds from the sale of the Placement Units held in the Trust Account will be used to fund the redemption of the Public Shares (subject to the requirements of applicable law) and the Placement Units will expire worthless.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 634375 10.00 63000 6343750 <p id="xdx_800_eus-gaap--RelatedPartyTransactionsDisclosureTextBlock_zDIO7PjdwhGh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 5. <span id="xdx_823_zv3Yiw4xVn6f">RELATED PARTY TRANSACTIONS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Founder Shares</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 17, 2022, the Sponsor was issued <span id="xdx_903_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20220517__20220517__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zTfc1w7K1ej5" title="Sponsor shares issued">2,875,000</span> shares (the “Founder Shares”) of Class B common stock for an aggregate price of $<span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20220517__20220517__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_ztXX2P9Y97u7" title="Value of sponsor shares issued">25,000</span>. The Founder Shares included an aggregate of up to <span id="xdx_905_eus-gaap--StockIssuedDuringPeriodSharesShareBasedCompensationForfeited_pid_c20220517__20220517__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_zu16ksejajWe" title="Share-based payment arrangement, forfeited">375,000</span> shares of Class B common stock subject to forfeiture by the Sponsor to the extent that the underwriters’ over-allotment option was not exercised in full or in part, so that the Sponsor would own, on an as-converted basis, <span id="xdx_90C_ecustom--PercentageOfIssuedAndOutstandingSharesAfterInitialPublicOfferingCollectivelyHeldByInitialStockholders_pid_dp_c20220517__20220517__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zowJ3MZuG01j" title="Issued and outstanding shares percentage">20</span>% of the Company’s issued and outstanding shares after the Initial Public Offering. The underwriters exercised the over-allotment option in full, so those shares are no longer subject to forfeiture.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Sponsor has agreed not to transfer, assign or sell any of the Class B common stock (except to certain permitted transferees as disclosed herein) until, with respect to any of the Class B common stock, the earlier of (i) six months after the date of the consummation of a business combination, or (ii) the date on which the closing price of the Company’s common stock equals or exceeds $<span id="xdx_90F_eus-gaap--SaleOfStockPricePerShare_iI_pid_c20220517__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zTMYQaeOLC2i" title="Sale of stock, price per share">12.00</span> per share (as adjusted for stock splits, stock dividends, reorganizations and recapitalizations) for any 20 trading days within any 30-trading day period commencing after a business combination, with respect to the remaining any of the Class B common stock, upon six months after the date of the consummation of a business combination, or earlier, in each case, if, subsequent to a business combination, the Company consummates a subsequent liquidation, merger, stock exchange or other similar transaction which results in all of the Company’s stockholders having the right to exchange their common stock for cash, securities or other property. On May 8, 2023, the Sponsor converted <span id="xdx_90B_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_pid_c20230508__20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__srt--TitleOfIndividualAxis__custom--SponsorMember_zNJ1sRLAaz1h" title="Common stock shares converted">2,874,999</span> Founder Shares of Class B common stock into <span id="xdx_90E_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_pid_c20230508__20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--TitleOfIndividualAxis__custom--SponsorMember_zlnA4lYbd1f4" title="Common stock shares converted">2,874,999</span> shares of Class A common stock, which shares include these same transfer restrictions.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Promissory Note - Related Party</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On April 25, 2022, the Sponsor agreed to loan the Company an aggregate of up to $<span id="xdx_90C_eus-gaap--ConvertibleDebt_iI_c20220425__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_zg1TzMOVHnZj" title="Convertible debt">300,000</span> to cover expenses related to the Initial Public Offering pursuant to a promissory note (the “Promissory Note”). This loan is non-interest bearing and payable on the earlier of (i) March 31, 2023 or (ii) the date on which Company consummates the Initial Public Offering. Prior to the Initial Public Offering, the Company had borrowed $<span id="xdx_90E_eus-gaap--ProceedsFromRelatedPartyDebt_c20220425__20220425__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zWOwjQLrrTp" title="Proceeds from promissory note - related party">300,000</span> under the Promissory Note. The outstanding balance under the Promissory Note of $<span id="xdx_904_eus-gaap--RepaymentsOfRelatedPartyDebt_pp0p0_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--DebtInstrumentAxis__custom--PromissoryNoteMember_zHFTo9FWivC2" title="Repayments of related party debt">300,000</span> was repaid at the closing of the Initial Public Offering on August 9, 2022.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Administrative Support Agreement</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s Sponsor has agreed, commencing from the date of the Initial Public Offering through the earlier of the Company’s consummation of a business combination and its liquidation, to make available to the Company certain general and administrative services, including office space, utilities and administrative services, as the Company may require from time to time. The Company has agreed to pay to Mehana Capital LLC, the Sponsor, $<span id="xdx_90A_eus-gaap--OtherReceivablesNetCurrent_iI_c20231231__us-gaap--TypeOfArrangementAxis__custom--AdministrativeSupportAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zHFJs5qVA1i3" title="Other receivables, net, current">10,000</span> per month for these services to complete a business combination. For the year ended December 31, 2023, $<span id="xdx_904_eus-gaap--PaymentForAdministrativeFees_c20230101__20231231__us-gaap--TypeOfArrangementAxis__custom--AdministrativeSupportAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zoP7ybVjCc13" title="Payment for administrative services">120,000</span> was incurred and paid to Mehana Capital LLC for these services. For the period from March 11, 2022 (inception) through December 31, 2022, $<span id="xdx_90B_eus-gaap--PaymentForAdministrativeFees_do_c20220311__20221231__us-gaap--TypeOfArrangementAxis__custom--AdministrativeSupportAgreementMember__us-gaap--RelatedPartyTransactionsByRelatedPartyAxis__us-gaap--RelatedPartyMember_zfnEQfq0ToHg" title="Payment for administrative services">50,000</span> was incurred and paid to Mehana Capital LLC for these services.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Convertible Promissory Note</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 26, 2023, the Company entered into a Convertible Promissory Note with SBC, pursuant to which SBC agreed to loan the Company an aggregate principal of $<span id="xdx_900_eus-gaap--ConvertibleDebtCurrent_iI_c20230526__us-gaap--DebtInstrumentAxis__custom--ConvertiblePromissoryNoteMember_znnUsRJijd7f" title="Aggregate principal amount">1,000,000</span> (the “Convertible Promissory Note”). The Convertible Promissory Note is non-interest bearing and is due and payable upon the earlier to occur of (i) the first business day following the consummation of the Company’s initial Business Combination and (ii) May 17, 2024, unless accelerated upon the occurrence of an event of default. There is an outstanding balance of $<span id="xdx_909_eus-gaap--ShorttermDebtAverageOutstandingAmount_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--ConvertiblePromissoryNoteMember_zafO73hOzp0l" title="Outstanding amount">1,000,000</span> for this SBC loan as of December 31, 2023. <span id="xdx_902_eus-gaap--DebtInstrumentConvertibleTermsOfConversionFeature_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--ConvertiblePromissoryNoteMember__us-gaap--ShortTermDebtTypeAxis__us-gaap--ConvertibleDebtMember_z81pZgVae8yj" title="Debt conversion price">The Convertible Promissory Note will automatically convert into Class A Common Stock at one share for each $10 in outstanding principal amount</span>. As of December 31, 2023 and December 31, 2022, the outstanding balance under the Convertible Promissory Note amounted to an aggregate of $<span id="xdx_900_eus-gaap--ShorttermDebtAverageOutstandingAmount_c20230101__20231231__us-gaap--DebtInstrumentAxis__custom--ConvertiblePromissoryNoteMember_zMLCDctnbaZ3" title="Outstanding amount">1,000,000</span> and $<span id="xdx_904_eus-gaap--ShorttermDebtAverageOutstandingAmount_c20220311__20221231__us-gaap--DebtInstrumentAxis__custom--ConvertiblePromissoryNoteMember_zvKTZS1ZyDc" title="Outstanding amount">0</span>, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Related Party Loans</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In order to finance transaction costs in connection with the initial business combination, the Sponsor or an affiliate of the Sponsor or certain of the Company’s officers and directors may, but are not obligated to, loan the Company funds as may be required. If the Company completes the initial business combination, the Company will repay such loaned amounts. In the event that the initial business combination does not close, the Company may use a portion of the working capital held outside the Trust Account to repay such loaned amounts, including the repayment of loans from the Sponsor to pay for any amount deposited to pay for any extension of the time to complete the initial business combination, but no proceeds from the Trust Account would be used for such repayment. Up to $<span id="xdx_902_eus-gaap--BusinessAcquisitionEquityInterestIssuedOrIssuableValueAssigned_iI_c20231231__us-gaap--BusinessAcquisitionAxis__custom--AffiliateSponsorMember_z1bWSe9RRaT" title="Business acquisition, equity interest issued">1,500,000</span> of such loans may be convertible into Units, at a price of $<span id="xdx_90A_eus-gaap--BusinessAcquisitionSharePrice_iI_pid_c20231231__us-gaap--BusinessAcquisitionAxis__custom--AffiliateSponsorMember_zfIDYW1Hds6k" title="Business acquisition, share price">10.00</span> per Unit at the option of the lender, upon consummation of the initial business combination. The Units would be identical to the Placement Units. The terms of such loans by the Company’s officers and directors, if any, have not been determined and no written agreements exist with respect to such loans. As of December 31, 2023 and December 31, 2022, the Company did not have any outstanding related party loans other than the Convertible Promissory Note referenced above.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Non-redemption Agreement</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 5, 2023, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to May 8, 2023. On May 8, 2023, the Company held the Special Meeting. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from May 9, 2023 to February 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account, and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder. As approved by the stockholders of the Company, the Company filed an amendment to its Amended and Restated Certificate of Incorporation with the Delaware Secretary of State on May 8, 2023. The Company’s stockholders elected to redeem an aggregate of <span id="xdx_90F_eus-gaap--StockRedeemedOrCalledDuringPeriodShares_pid_c20230508__20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zUX69OFbZpxh" title="Redeemed shares">9,577,250</span> shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account was approximately $<span id="xdx_909_eus-gaap--AssetsHeldInTrust_iI_pn6n6_c20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z2FZ52ieNSdi" title="Remaining funds in the trust account">20</span> million.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the Special Meeting, the Company and the Sponsor entered into non-redemption agreements with certain unaffiliated stockholders owning, in the aggregate, <span id="xdx_90D_ecustom--NonRedemptionAggregateShares_pid_c20230508__20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zYa0SCF3P0Ge" title="Non redemption aggregate shares">998,682</span> shares of the Company’s Class A common stock, pursuant to which such stockholders agreed, among other things, not to redeem or exercise any right to redeem such public shares in connection with the Extension Amendment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company estimated the aggregate fair value of the <span id="xdx_904_ecustom--FairValueOfNonRedemptionAggregateShares_pid_c20230508__20230508_zw3wJOBUQR68" title="Non redemption aggregate shares">339,565</span> Sponsor Shares attributable to the Non-Redeeming Stockholders to be $<span id="xdx_902_ecustom--NonRedemptionAggregateSharesValue_pid_c20230508__20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z7Z4OHO6fNM" title="Non redemption aggregate share value">709,691</span> or $<span id="xdx_902_eus-gaap--SharePrice_iI_pid_c20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zIzb9cH6a7pd" title="Non redeeming share price">2.09</span> per share. Each Non-Redeeming Stockholder acquired from the Sponsor an indirect economic interest in the Sponsor Shares. The excess of the fair value of the Sponsor Shares was determined to be an offering cost in accordance with Staff Accounting Bulletin Topic 5A. Accordingly, in substance, it was recognized by the Company as a capital contribution by the Sponsor to induce these holders of the Class A shares not to redeem, with a corresponding charge to additional paid-in capital to recognize the fair value of the shares transferred as an offering cost.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 2875000 25000 375000 0.20 12.00 2874999 2874999 300000 300000 300000 10000 120000 50000 1000000 1000000 The Convertible Promissory Note will automatically convert into Class A Common Stock at one share for each $10 in outstanding principal amount 1000000 0 1500000 10.00 9577250 20000000 998682 339565 709691 2.09 <p id="xdx_80C_eus-gaap--CommitmentsAndContingenciesDisclosureTextBlock_zPNOyu86ZQxb" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 6. <span id="xdx_824_zIJr3tisRpug">COMMITMENTS AND CONTINGENCIES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Registration and Stockholder Rights Agreement</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The holders of the Founder Shares and Placement Units (including securities contained therein) and Units (including securities contained therein) that may be issued upon conversion of working capital loans and extension loans, and any shares of Class A common stock issuable upon the exercise of the Placement Warrants and any shares of Class A common stock and warrants (and underlying Class A common stock) that may be issued upon conversion of the Units issued as part of the working capital loans and extension loans and Class A common stock issuable upon conversion of the Founder Shares, will be entitled to registration rights pursuant to a registration rights agreement signed on the effective date of the Initial Public Offering, requiring the Company to register such securities for resale (in the case of the Founder Shares, only after conversion to the Class A common stock). The holders of these securities are entitled to make up to two demands, excluding short form demands, that the Company registers such securities. In addition, the holders have certain “piggy-back” registration rights with respect to registration statements filed subsequent to the completion of the initial business combination and rights to require the Company to register for resale such securities pursuant to Rule 415 under the Securities Act.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Underwriting Agreement</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Simultaneously with the Initial Public Offering, the underwriters fully exercised the over-allotment option to purchase an additional <span id="xdx_900_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20230101__20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zSYc8A2jwLek" title="Number of stock issued">1,500,000</span> Units at an offering price of $<span id="xdx_90C_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zFjFAcbp4sNj" title="Shares issued price per share">10.00</span> per Unit for an aggregate purchase price of $<span id="xdx_909_eus-gaap--StockIssuedDuringPeriodValueNewIssues_c20230101__20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zYW0lruUlcc3" title="Number of stock issued, value">15,000,000</span>.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The underwriters were paid a cash underwriting discount of $<span id="xdx_90E_eus-gaap--SharePrice_iI_pid_c20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zj1wGaPqYAi7" title="Share price">0.17</span> per Unit, or $<span id="xdx_90B_eus-gaap--ProceedsFromIssuanceInitialPublicOffering_c20230101__20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zzS32PN9KGyl" title="Proceeds from initial public offering">1,955,000</span> in the aggregate, upon the closing of the Initial Public Offering. In addition, $<span id="xdx_901_eus-gaap--SharePrice_iI_pid_c20231231__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zabwJ6yQdiO6" title="Share price">0.35</span> per unit, or $<span id="xdx_901_eus-gaap--DeferredOfferingCosts_iI_c20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_z4exN6pvkpR1" title="Deferred underwriting commission">4,025,000</span> in the aggregate will be payable to the underwriters for deferred underwriting commissions. The deferred fee will become payable to the underwriters from the amounts held in the Trust Account solely in the event that the Company completes a business combination, subject to the terms of the underwriting agreement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Representative Shares</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Upon closing of the Initial Public Offering, the Company issued <span id="xdx_907_eus-gaap--StockIssuedDuringPeriodSharesNewIssues_pid_c20230101__20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__srt--TitleOfIndividualAxis__custom--UnderwritersMember_zzCJQxnMFqmh" title="Number of stock issued, shares">57,500</span> shares of Class A common stock to the underwriters. The underwriters have agreed not to transfer, assign or sell the Representative Shares until the completion of the initial business combination. In addition, the underwriters have agreed (i) to waive their redemption rights with respect to the Representative Shares in connection with the completion of the initial business combination and (ii) to waive their rights to liquidating distributions from the Trust Account with respect to the Representative Shares if the Company fails to complete its initial business combination within 18 months from the closing of the Initial Public Offering.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Representative Shares are subject to a lock-up for a period of 180 days immediately following the commencement of sales of the registration statement pursuant to Rule 5110(e)(1) of FINRA’s NASD Conduct Rules. Pursuant to FINRA Rule 5110(e)(1), these securities may not be sold, transferred, assigned, pledged or hypothecated or the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the effective date of the registration statement, nor may they be sold, transferred, assigned, pledged or hypothecated for a period of 180 days immediately following the commencement of sales of the Initial Public Offering except to any underwriter and selected dealer participating in the Initial Public Offering and their bona fide officers or partners, registered persons or affiliates or as otherwise permitted under Rule 5110(e)(2).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The initial measurement of the fair value of the Representative Shares was determined using the market approach to value the subject interest. Based on the indication of fair value using the market approach, the Company determined the fair value of the Representative Shares to be $<span id="xdx_90E_eus-gaap--SharesIssuedPricePerShare_iI_pid_c20231231_zuMH4u8TYN9d" title="Shares issued price per share">1.17</span> per share or $<span id="xdx_90B_ecustom--StockIssuedDuringPeriodValueRepresentativeShares_c20220311__20221231_zjeRJAx3gpPh" title="Representative shares issued, value">67,275</span> (for the <span id="xdx_900_ecustom--StockIssuedDuringPeriodSharesRepresentativeShares_pid_c20220311__20221231_z8Lpq5nPFEW8" title="Representative shares issued, shares">57,500</span> Representative Shares issued) as of the date of the Initial Public Offering (which is also the grant date).</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Right of First Refusal</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">For a period beginning on the closing of the Initial Public Offering and ending 12 months from the closing of a business combination, the Company has granted EF Hutton a right of first refusal to act as lead-left book running manager and lead left manager for any and all future private or public equity, convertible and debt offerings during such period. In accordance with FINRA Rule 5110(g)(3)(A)(i), such right of first refusal shall not have a duration of more than three years from the effective date of the registration statement.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> 1500000 10.00 15000000 0.17 1955000 0.35 4025000 57500 1.17 67275 57500 <p id="xdx_80F_eus-gaap--StockholdersEquityNoteDisclosureTextBlock_zj1a3VhHswLi" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 7. <span id="xdx_82B_z4HlcqGWp4Si">STOCKHOLDERS’ DEFICIT</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Preferred stock</i></b> — The Company is authorized to issue <span id="xdx_90D_eus-gaap--PreferredStockSharesAuthorized_iI_pid_c20231231_zcK0ZBwwEAYf" title="Preferred stock, shares authorized">1,000,000</span> shares of preferred stock with a par value of $<span id="xdx_907_eus-gaap--PreferredStockParOrStatedValuePerShare_iI_pid_c20231231_zD2ANootpvj2" title="Preferred stock, par value">0.0001</span> per share with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. As of December 31, 2023 and December 31, 2022, there were <span id="xdx_90B_eus-gaap--PreferredStockSharesIssued_iI_pid_do_c20231231_zlSHqUlbl5La" title="Preferred stock, shares issued"><span id="xdx_906_eus-gaap--PreferredStockSharesOutstanding_iI_pid_do_c20231231_zNuXX6wCz05h" title="Preferred stock, shares outstanding"><span id="xdx_900_eus-gaap--PreferredStockSharesIssued_iI_pid_do_c20221231_z7IIbbysZLE6" title="Preferred stock, shares issued"><span id="xdx_90D_eus-gaap--PreferredStockSharesOutstanding_iI_pid_do_c20221231_zUYslMYAyvSd" title="Preferred stock, shares outstanding">no</span></span></span></span> shares of preferred stock issued or outstanding.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Class A common stock — </i></b>The Company is authorized to issue <span id="xdx_90A_eus-gaap--CommonStockSharesAuthorized_iI_pid_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zIeyvKJgWd94" title="Common stock, shares authorized">100,000,000</span> shares of Class A common stock with a par value of $<span id="xdx_900_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zMsI6p24mD2j" title="Common stock, par value">0.0001</span> per share. <span id="xdx_906_eus-gaap--CommonStockVotingRights_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_ztiJFX8Hmnf4" title="Voting rights of common stock, description">Holders of the Company’s Class A common stock are entitled to one vote for each share</span>. As of December 31, 2023 and December 31, 2022, there were <span id="xdx_901_eus-gaap--TemporaryEquitySharesIssued_iI_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zMQaJNjnTuP1" title="Temporary equity shares issued"><span id="xdx_907_eus-gaap--TemporaryEquitySharesOutstanding_iI_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zsl4dyxtN7Gg" title="Temporary equity shares outstanding">5,489,624</span></span> and <span id="xdx_909_eus-gaap--TemporaryEquitySharesIssued_iI_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_za5uxr70aG1b" title="Temporary equity shares issued"><span id="xdx_906_eus-gaap--TemporaryEquitySharesOutstanding_iI_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_z4Larp2QtPg2" title="Temporary equity shares outstanding">12,191,875</span></span> shares of Class A common stock issued and outstanding, including <span id="xdx_90E_eus-gaap--TemporaryEquitySharesAuthorized_iI_pid_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zOefRRuu5yal" title="Common stock subject to possible redemption">1,922,750</span> and <span id="xdx_90E_eus-gaap--TemporaryEquitySharesAuthorized_iI_pid_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zam0cYMq0vpi" title="Common stock subject to possible redemption">11,500,000</span> shares of Class A common stock subject to possible redemption and classified as temporary equity. As of December 31, 2023 and December 31, 2022, the remaining <span id="xdx_900_eus-gaap--CommonStockSharesIssued_iI_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_fMQ_____za13pGXF3RFh" title="Common stock, shares issued"><span id="xdx_90D_eus-gaap--CommonStockSharesOutstanding_iI_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_fMQ_____ziNd1XnZlwhf" title="Common stock, shares outstanding">3,566,874</span></span> and <span id="xdx_90B_eus-gaap--CommonStockSharesIssued_iI_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_fMQ_____zypOO12V2We7" title="Common stock, shares issued"><span id="xdx_90B_eus-gaap--CommonStockSharesOutstanding_iI_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_fMQ_____zwxccQynyUf7" title="Common stock, shares outstanding">691,875</span></span> shares are classified as permanent equity and are comprised of <span id="xdx_902_eus-gaap--ConversionOfStockSharesConverted1_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zzwbuBgg49F9" title="Conversion of common stock shares">2,874,999</span> shares that were converted from Class B common stock into Class A common stock, <span id="xdx_906_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20230101__20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zs4m4V7i78g3" title="Sale of stock, number of shares issued in transaction">634,375</span> shares included in the Placement Units and <span id="xdx_908_ecustom--StockIssuedDuringPeriodSharesRepresentativeShares_pid_c20230101__20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zEcyt73jRky8" title="Representative shares issued, shares">57,500</span> Representative Shares.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"> </p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Class B common stock — </i></b>The Company is authorized to issue <span id="xdx_905_eus-gaap--CommonStockSharesAuthorized_iI_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zE3UCyC217Z7" title="Common stock, shares authorized">10,000,000</span> shares of Class B common stock with a par value of $<span id="xdx_90E_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zu7Yr7fZQZE5" title="Common stock, par value">0.0001</span> per share. <span id="xdx_907_eus-gaap--CommonStockVotingRights_pid_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_z8LdomTRshy1" title="Voting rights of common stock, description">Holders of Class B common stock are entitled to one vote for each share</span>. As of December 31, 2023 and December 31, 2022, there were <span id="xdx_905_eus-gaap--CommonStockSharesIssued_iI_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_z71UVfMng5O6" title="Common stock shares issued"><span id="xdx_901_eus-gaap--CommonStockSharesOutstanding_iI_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zqF3fA9v0cq7" title="Common stock shares outstanding">1</span></span> and <span id="xdx_905_eus-gaap--CommonStockSharesIssued_iI_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zBmCpWsXv6d3" title="Common stock shares issued"><span id="xdx_90A_eus-gaap--CommonStockSharesOutstanding_iI_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zgbgFrjTgMQg" title="Common stock shares outstanding">2,875,000</span></span> shares of Class B common stock issued and outstanding, respectively. Of the <span id="xdx_905_eus-gaap--CommonStockSharesOutstanding_iI_pid_c20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_z3657Ca01Xoa" title="Common stock shares outstanding">2,875,000</span> shares of Class B common stock outstanding as of December 31, 2022, up to <span id="xdx_90A_eus-gaap--StockIssuedDuringPeriodSharesShareBasedCompensationForfeited_c20220311__20221231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--OverAllotmentOptionMember_z6P3FTaxACIk" title="Share subject to forfeiture">375,000</span> shares were subject to forfeiture to the extent that the underwriters’ over-allotment option was not exercised in full or in part, so that the initial stockholders would collectively own <span id="xdx_90D_ecustom--PercentageOfIssuedAndOutstandingSharesAfterInitialPublicOfferingCollectivelyHeldByInitialStockholders_pid_dp_uPure_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zkzqodvgdfN4" title="Percentage of issued and outstanding shares">20</span>% of the Company’s issued and outstanding common stock after the Initial Public Offering. On August 9, 2022, the underwriters exercised the over-allotment option in full, so those shares are no longer subject to forfeiture.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The holders of record of the common stock are entitled to one vote for each share held on all matters to be voted on by stockholders. In connection with any vote held to approve the initial business combination, the insiders, officers and directors, have agreed to vote their respective shares of common stock acquired in the Initial Public Offering or following the Initial Public Offering in the open market, in favor of the proposed business combination.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Shares of Class B common stock shall be convertible into shares of Class A common stock on a one-for-one basis automatically on the closing of the business combination at a ratio for which the numerator shall be equal to the sum of <span id="xdx_908_ecustom--PercentageOfIssuedAndOutstandingSharesAfterInitialPublicOfferingCollectivelyHeldByInitialStockholders_pid_dp_uPure_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zuInDffCT9Ch" title="Percentage of issued and outstanding shares">20</span>% of all shares of Class A Common Stock issued and outstanding or issuable (upon the conversion or exercise of any Equity-linked Securities or otherwise) by the Company, related to or in connection with the consummation of the initial business combination (excluding any securities issued or issuable to any seller in the initial business combination, any Placement Warrants issued to the Sponsor or its affiliates upon conversion of loans to the Company) plus the number of shares of Class B Common Stock issued and outstanding prior to the closing of the initial business combination; and the denominator shall be the number of shares of Class B Common Stock issued and outstanding prior to the closing of the initial business combination.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On May 8, 2023, the Sponsor converted <span id="xdx_90F_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_c20230508__20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassBMember_zG2Z2OZrGVgf" title="Conversion of common stock shares">2,874,999</span> Founder Shares of Class B common stock into <span id="xdx_901_eus-gaap--StockIssuedDuringPeriodSharesConversionOfConvertibleSecurities_c20230508__20230508__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zL7A99Nf73Pj" title="Conversion of common stock shares">2,874,999</span> shares of Class A common stock.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i>Warrants </i>—</b> As of December 31, 2023 and December 31, 2022, there were <span id="xdx_905_eus-gaap--WarrantsAndRightsOutstanding_iI_pid_c20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zNKdRdRCIzIc" title="Warrants outstanding">11,500,000</span> Public Warrants and <span id="xdx_906_eus-gaap--WarrantsAndRightsOutstanding_iI_pid_c20221231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zuLq05OKhzSj" title="Warrants outstanding">634,375</span> Placement Warrants outstanding. Each whole Public Warrant entitles the registered holder to purchase one share of Class A common stock at a price of $<span id="xdx_90C_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zwtuNTt0u1M4" title="Class of warrant or right exercise price">11.50</span> per share, subject to adjustment as discussed below, at any time commencing on the later of 12 months from the closing of the Initial Public Offering and 30 days after the completion of the initial business combination. Pursuant to the warrant agreement, a warrant holder may exercise its Public Warrants only for a whole number of shares of Class A common stock. No fractional Public Warrants will be issued upon separation of the units and only whole Public Warrants will trade. The Public Warrants will expire five years after the completion of the initial business combination or earlier upon redemption or liquidation.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has agreed that as soon as practicable, but in no event later than 20 business days after the closing of the initial business combination, the Company will use its best efforts to file with the SEC a registration statement covering the shares of Class A common stock issuable upon exercise of the Public Warrants, to cause such registration statement to become effective and to maintain a current prospectus relating to those shares of Class A common stock until the Public Warrants expire or are redeemed, as specified in the warrant agreement. If a registration statement covering the shares of Class A common stock issuable upon exercise of the Public Warrants is not effective by the 60th business day after the closing of the initial business combination, Public Warrant holders may, until such time as there is an effective registration statement and during any period when the Company will have failed to maintain an effective registration statement, exercise Public Warrants on a “cashless basis” in accordance with Section 3(a)(9) of the Securities Act; provided that such exemption is available. If that exemption, or another exemption, is not available, holders will not be able to exercise their Public Warrants on a cashless basis.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">Once the Public Warrants become exercisable, the Company may call the Public Warrants for redemption:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-align: justify; text-indent: -0.25in"></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">● </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">in whole and not in part;</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">at a price of $<span id="xdx_901_eus-gaap--ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1_iI_pid_c20231231__us-gaap--StatementEquityComponentsAxis__us-gaap--WarrantMember_zymB40t7ibDd" title="Class of warrant or right exercise price">0.01</span> per Public Warrant;</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-align: justify; text-indent: -0.25in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">upon not less than 30 days’ prior written notice of redemption given after the Public Warrants become exercisable (the “30-day redemption period”) to each Public Warrant holder; and</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: top"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">●</span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">if, and only if, the reported last sale price of the Class A common stock equals or exceeds $<span id="xdx_907_eus-gaap--SaleOfStockPricePerShare_iI_pid_c20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zkSc5fd2ksB9" title="Sale price per share">18.00</span> per share (as adjusted for stock splits, stock dividends, reorganizations, recapitalizations and the like) for any 20 trading days within a 30-trading day period commencing once the Public Warrants become exercisable and ending three business days before the Company sends the notice of redemption to the Public Warrant holders.</span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-align: justify; text-indent: -0.25in"></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0.5in; text-align: justify; text-indent: -0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">If and when the Public Warrants become redeemable by the Company, the Company may not exercise the redemption right if the issuance of shares of common stock upon exercise of the Public Warrants is not exempt from registration or qualification under applicable state blue sky laws or the Company is unable to effect such registration or qualification.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><span id="xdx_90A_ecustom--BusinessCombinationInitialPublicOfferingDescription_c20230101__20231231__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zmAakfNVS6Gl" title="Business combination description">In addition, if (x) the Company issues additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial business combination at a Newly Issued Price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial business combination on the date of the consummation of the initial business combination (net of redemptions), and (z) the market value is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price.</span></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Placement Warrants are identical to the Public Warrants except that, so long as they are held by the Sponsor or its permitted transferees, (i) they (including the Class A common stock issuable upon exercise of these Placement Warrants) may not, subject to certain limited exceptions, be transferred, assigned or sold by the Sponsor until 30 days after the completion of the initial business combination, and (ii) the holders thereof (including with respect to shares of Class A common stock issuable upon exercise of such Placement Warrants) are entitled to registration rights.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company accounts for the <span id="xdx_903_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_pid_c20231231_zDcYGJduJuYa" title="Warrants issued">12,134,375</span> warrants issued in connection with the Initial Public Offering (including <span id="xdx_900_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_pid_c20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zdDRPG4vLG19" title="Warrants issued">11,500,000</span> Public Warrants and <span id="xdx_905_eus-gaap--ClassOfWarrantOrRightNumberOfSecuritiesCalledByWarrantsOrRights_iI_c20231231__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--PrivatePlacementMember_zCmSBSWdVEnj" title="Warrants issued">634,375</span> Placement Warrants) in accordance with the guidance contained in ASC 815-40. Such guidance provides that the warrants described above are not precluded from equity classification. Equity-classified contracts are initially measured at fair value (or allocated value). Subsequent changes in fair value are not recognized as long as the contracts continue to be classified in equity.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> 1000000 0.0001 0 0 0 0 100000000 0.0001 Holders of the Company’s Class A common stock are entitled to one vote for each share 5489624 5489624 12191875 12191875 1922750 11500000 3566874 3566874 691875 691875 2874999 634375 57500 10000000 0.0001 Holders of Class B common stock are entitled to one vote for each share 1 1 2875000 2875000 2875000 375000 0.20 0.20 2874999 2874999 11500000 634375 11.50 0.01 18.00 In addition, if (x) the Company issues additional shares of Class A common stock or equity-linked securities for capital raising purposes in connection with the closing of the initial business combination at a Newly Issued Price of less than $9.20 per share of Class A common stock (with such issue price or effective issue price to be determined in good faith by the board of directors and, in the case of any such issuance to the Sponsor or its affiliates, without taking into account any Founder Shares held by the Sponsor or such affiliates, as applicable, prior to such issuance), (y) the aggregate gross proceeds from such issuances represent more than 60% of the total equity proceeds, and interest thereon, available for the funding of the initial business combination on the date of the consummation of the initial business combination (net of redemptions), and (z) the market value is below $9.20 per share, then the exercise price of the warrants will be adjusted (to the nearest cent) to be equal to 115% of the greater of the Market Value and the Newly Issued Price, and the $18.00 per share redemption trigger price described above will be adjusted (to the nearest cent) to be equal to 180% of the greater of the Market Value and the Newly Issued Price. 12134375 11500000 634375 <p id="xdx_80C_eus-gaap--IncomeTaxDisclosureTextBlock_zWDAm5PChVSj" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 8. <span id="xdx_82F_z5OGY19T7Yg1">INCOME TAXES</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><i> </i></b></span></p> <p id="xdx_890_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_z6qlX3zNKrK8" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s net deferred tax assets (liabilities) as of December 31, 2023 and 2022 are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_8B7_zhBsxdgKhHWc" style="display: none">SCHEDULE OF NET DEFERRED TAX ASSETS AND LIABILITIES</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_490_20231231_ztXLBCgjfVul" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">December 31, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_492_20221231_z6bb2LRLdzA3" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">December 31, 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40B_eus-gaap--DeferredTaxAssetsNetAbstract_iB_zs7t6aKE5Le3" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Deferred tax assets</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_ecustom--DeferredTaxAssetsStartupCosts_iI_maDTAGzwCT_zLOGGdjhPWG2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; width: 56%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Start-up costs</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">318,746</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">80,230</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_maDTAGzwCT_zQJ3J7CQ2OSk" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Net operating loss carryforwards</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">15,119</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0908">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--DeferredTaxAssetsGross_iTI_mtDTAGzwCT_maDTANzR0j_z84rWbqAn5t2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Total deferred tax assets</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">333,864</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">80,230</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_di_msDTANzR0j_zyaoACukNYM7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Valuation allowance</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(333,864</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(80,230</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsNet_iI_mtDTANzR0j_zSABx0PwbbJ7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Deferred tax assets, net of allowance</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0916">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0917">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p id="xdx_8AF_zqslOYOqnnJc" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_892_eus-gaap--ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock_zqRKk9tvaxwh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The income tax provision for the year ended December 31, 2023 and 2022 consists of the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_8B7_zU7MYcKKsVM9" style="display: none">SCHEDULE OF INCOME TAX PROVISION</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_49E_20230101__20231231_zhgZ4fSRq0Ye" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">December 31, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_492_20220311__20221231_ziSWmXFxo8lh" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">December 31, 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Federal</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--CurrentFederalTaxExpenseBenefit_maITEBz01p_zDh7qRtjSLOf" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; width: 56%"><span style="font-family: Times New Roman, Times, Serif">Current</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">528,809</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">248,508</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_eus-gaap--DeferredFederalIncomeTaxExpenseBenefit_maITEBz01p_zvWvNVdn1Qv1" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Deferred</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(176,665</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(80,230</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">State</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--CurrentStateAndLocalTaxExpenseBenefit_maITEBz01p_zDwQfl5ZGPVa" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Current</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0927">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0928">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--DeferredStateAndLocalIncomeTaxExpenseBenefit_maITEBz01p_zIg5UNj9ypD6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Deferred</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(76,969</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0931">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--ValuationAllowanceDeferredTaxAssetChangeInAmount_iN_di_msITEBz01p_z1wV4HsZovNe" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Change in valuation allowance</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">253,634</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">80,230</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eus-gaap--IncomeTaxExpenseBenefit_iT_mtITEBz01p_zWg08i044Ucd" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Income tax provision</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">528,809</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">248,508</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p id="xdx_8AB_zxq7jb4uff6a" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In assessing the realization of the deferred tax assets, management considers whether it is more likely than not that some portion of all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which temporary differences representing net future deductible amounts become deductible. Management considers the scheduled reversal of deferred tax liabilities, projected future taxable income and tax planning strategies in making this assessment. After consideration of all of the information available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets and has therefore established a full valuation allowance. For the period ended December 31, 2023 and 2022 the change in the valuation allowance was $<span id="xdx_901_eus-gaap--ValuationAllowanceDeferredTaxAssetChangeInAmount_iN_di_c20230101__20231231_zWMEp521bBa" title="Valuation allowance">253,634</span> and $<span id="xdx_904_eus-gaap--ValuationAllowanceDeferredTaxAssetChangeInAmount_iN_di_c20220311__20221231_z9BFIiEhb9g2" title="Valuation allowance">80,230</span>, respectively.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify">As of December 31, 2023 and 2022, the Company has $<span id="xdx_907_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal_iI_c20231231_zlUVfrsRleZc" title="state net operating loss carryovers">299,023</span> and $<span id="xdx_903_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwardsStateAndLocal_iI_c20221231_zfhdTlPqTSY5" title="state net operating loss carryovers">0</span>, respectively, of state net operating loss carryovers, which do not expire, to offset future taxable income.</p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"> </p> <p id="xdx_89E_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_z2vedjQoER1d" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A reconciliation of the federal income tax rate to the Company’s effective tax rate are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_8BA_znrW4cV0IKl5" style="display: none">SCHEDULE OF FEDERAL INCOME TAX RATE</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 75%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_498_20230101__20231231_zWm3hmxmx4qe" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">December 31, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_495_20220311__20221231_zLbznlKR4rbk" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">December 31, 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_pid_dp_uPure_maALCzr1A_z3PV1ivxq1o2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 54%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Statutory federal income tax rate</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">21.0</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 3%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">21.0</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr id="xdx_402_eus-gaap--EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_pid_dp_uPure_maALCzr1A_z8bDUnVAoSEd" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">State taxes, net of federal tax benefit</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(6.5</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)%</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.0</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr id="xdx_40E_eus-gaap--EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes_pid_dp_uPure_maALCzr1A_z8VKsy44wfOi" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Previous tax year adjustment</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1.5</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0956">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr id="xdx_404_eus-gaap--EffectiveIncomeTaxRateReconciliationNondeductibleExpense_pid_dp_uPure_maALCzr1A_z40Eyw4T5aAi" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Non-deductible transaction costs</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">15.7</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0959">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr id="xdx_400_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherAdjustments_pid_dp_uPure_maALCzr1A_zgyBp6lnC0F7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Other permanent items, net</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0961">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0962">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr id="xdx_407_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_pid_dp_uPure_maALCzr1A_zmPi8CRgQLX6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Change in valuation allowance</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">29.2</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">10.0</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr id="xdx_404_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_iT_pid_dp_uPure_mtALCzr1A_zfrHcS8Mo59i" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Income tax provision</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">60.9</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">31.0</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> </table> <p id="xdx_8A4_zZRpHkpKtgI4" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company files income tax returns in the U.S. federal and the state of Hawaii jurisdictions and is subject to examination by the taxing authorities.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>PONO CAPITAL TWO, INC.</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b> </b></span></p> <p id="xdx_890_eus-gaap--ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock_z6qlX3zNKrK8" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company’s net deferred tax assets (liabilities) as of December 31, 2023 and 2022 are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_8B7_zhBsxdgKhHWc" style="display: none">SCHEDULE OF NET DEFERRED TAX ASSETS AND LIABILITIES</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_490_20231231_ztXLBCgjfVul" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">December 31, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_492_20221231_z6bb2LRLdzA3" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">December 31, 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40B_eus-gaap--DeferredTaxAssetsNetAbstract_iB_zs7t6aKE5Le3" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Deferred tax assets</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_ecustom--DeferredTaxAssetsStartupCosts_iI_maDTAGzwCT_zLOGGdjhPWG2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; width: 56%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Start-up costs</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">318,746</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">80,230</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_401_eus-gaap--DeferredTaxAssetsOperatingLossCarryforwards_iI_maDTAGzwCT_zQJ3J7CQ2OSk" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Net operating loss carryforwards</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">15,119</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0908">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--DeferredTaxAssetsGross_iTI_mtDTAGzwCT_maDTANzR0j_z84rWbqAn5t2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Total deferred tax assets</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">333,864</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">80,230</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_402_eus-gaap--DeferredTaxAssetsValuationAllowance_iNI_di_msDTANzR0j_zyaoACukNYM7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Valuation allowance</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(333,864</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(80,230</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr id="xdx_40F_eus-gaap--DeferredTaxAssetsNet_iI_mtDTANzR0j_zSABx0PwbbJ7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Deferred tax assets, net of allowance</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0916">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0917">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> 318746 80230 15119 333864 80230 333864 80230 <p id="xdx_892_eus-gaap--ScheduleOfIncomeBeforeIncomeTaxDomesticAndForeignTableTextBlock_zqRKk9tvaxwh" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The income tax provision for the year ended December 31, 2023 and 2022 consists of the following:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_8B7_zU7MYcKKsVM9" style="display: none">SCHEDULE OF INCOME TAX PROVISION</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 80%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_49E_20230101__20231231_zhgZ4fSRq0Ye" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">December 31, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_492_20220311__20221231_ziSWmXFxo8lh" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">December 31, 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Federal</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40E_eus-gaap--CurrentFederalTaxExpenseBenefit_maITEBz01p_zDh7qRtjSLOf" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt; width: 56%"><span style="font-family: Times New Roman, Times, Serif">Current</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">528,809</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">248,508</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40D_eus-gaap--DeferredFederalIncomeTaxExpenseBenefit_maITEBz01p_zvWvNVdn1Qv1" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Deferred</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(176,665</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(80,230</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">State</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_400_eus-gaap--CurrentStateAndLocalTaxExpenseBenefit_maITEBz01p_zDwQfl5ZGPVa" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Current</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0927">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0928">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--DeferredStateAndLocalIncomeTaxExpenseBenefit_maITEBz01p_zIg5UNj9ypD6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Deferred</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(76,969</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0931">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_404_eus-gaap--ValuationAllowanceDeferredTaxAssetChangeInAmount_iN_di_msITEBz01p_z1wV4HsZovNe" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Change in valuation allowance</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">253,634</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">80,230</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_40A_eus-gaap--IncomeTaxExpenseBenefit_iT_mtITEBz01p_zWg08i044Ucd" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Income tax provision</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">528,809</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">248,508</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> 528809 248508 -176665 -80230 -76969 -253634 -80230 528809 248508 -253634 -80230 299023 0 <p id="xdx_89E_eus-gaap--ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock_z2vedjQoER1d" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">A reconciliation of the federal income tax rate to the Company’s effective tax rate are as follows:</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span id="xdx_8BA_znrW4cV0IKl5" style="display: none">SCHEDULE OF FEDERAL INCOME TAX RATE</span><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 75%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: center"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_498_20230101__20231231_zWm3hmxmx4qe" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">December 31, 2023</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" id="xdx_495_20220311__20221231_zLbznlKR4rbk" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">December 31, 2022</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr id="xdx_406_eus-gaap--EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate_pid_dp_uPure_maALCzr1A_z3PV1ivxq1o2" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; width: 54%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Statutory federal income tax rate</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">21.0</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 3%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 18%; text-align: right"><span style="font-family: Times New Roman, Times, Serif">21.0</span></td><td style="font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr id="xdx_402_eus-gaap--EffectiveIncomeTaxRateReconciliationStateAndLocalIncomeTaxes_pid_dp_uPure_maALCzr1A_z8bDUnVAoSEd" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">State taxes, net of federal tax benefit</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">(6.5</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">)%</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">0.0</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr id="xdx_40E_eus-gaap--EffectiveIncomeTaxRateReconciliationPriorYearIncomeTaxes_pid_dp_uPure_maALCzr1A_z8VKsy44wfOi" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Previous tax year adjustment</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">1.5</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0956">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr id="xdx_404_eus-gaap--EffectiveIncomeTaxRateReconciliationNondeductibleExpense_pid_dp_uPure_maALCzr1A_z40Eyw4T5aAi" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Non-deductible transaction costs</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">15.7</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0959">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr id="xdx_400_eus-gaap--EffectiveIncomeTaxRateReconciliationOtherAdjustments_pid_dp_uPure_maALCzr1A_zgyBp6lnC0F7" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Other permanent items, net</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0961">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0962">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr id="xdx_407_eus-gaap--EffectiveIncomeTaxRateReconciliationChangeInDeferredTaxAssetsValuationAllowance_pid_dp_uPure_maALCzr1A_zmPi8CRgQLX6" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Change in valuation allowance</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">29.2</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">10.0</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> <tr id="xdx_404_eus-gaap--EffectiveIncomeTaxRateContinuingOperations_iT_pid_dp_uPure_mtALCzr1A_zfrHcS8Mo59i" style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Income tax provision</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">60.9</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">31.0</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">%</span></td></tr> </table> 0.210 0.210 -0.065 0.000 0.015 0.157 0.292 0.100 0.609 0.310 <p id="xdx_80E_eus-gaap--FairValueMeasurementInputsDisclosureTextBlock_zB7Szx1tUH47" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 9. <span id="xdx_82A_zeupQzwmiv82">FAIR VALUE MEASUREMENTS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The following table presents information about the Company’s financial assets that are measured at fair value on a recurring basis as of December 31, 2023 and December 31, 2022, and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:</span></p> <p id="xdx_891_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_zwbIJQUt6P0k" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B3_zPMtoRjSgItf" style="display: none">SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Description</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Amount at<br/> Fair Value</b></span></p></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Level 1</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Level 2</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Level 3</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">December 31, 2023</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Assets</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 20pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Investments held in Trust Account:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 30pt; padding-bottom: 2.5pt; width: 36%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">U.S. Treasury Securities</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_989_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20231231__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zvNjHipKn8Ki" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif">20,850,793</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_984_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zelF9VdLvur5" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif">20,850,793</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_983_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zKCwYQjpk4N2" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0978">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_980_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_z8yzvUUNi0wc" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0980">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Description</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Amount at Fair Value</b></span></p></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Level 1</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Level 2</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Level 3</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">December 31, 2022</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Assets</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 20pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Investments held in Trust Account:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 30pt; padding-bottom: 2.5pt; width: 36%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">U.S. Treasury Securities</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_98D_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20221231__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_z141e7vPmale" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif">119,220,016</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_98C_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20221231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zJFsT56qPDbk" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif">119,220,016</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_98E_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20221231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zUbx67COFU7j" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0986">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_984_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20221231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zLGh21ZjPgWj" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0988">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p id="xdx_8A2_zkZnRxgGWze8" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p id="xdx_891_eus-gaap--FairValueAssetsAndLiabilitiesMeasuredOnRecurringAndNonrecurringBasisTableTextBlock_zwbIJQUt6P0k" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span><span id="xdx_8B3_zPMtoRjSgItf" style="display: none">SCHEDULE OF FINANCIAL ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS</span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Description</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Amount at<br/> Fair Value</b></span></p></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Level 1</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Level 2</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Level 3</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">December 31, 2023</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Assets</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 20pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Investments held in Trust Account:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 30pt; padding-bottom: 2.5pt; width: 36%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">U.S. Treasury Securities</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_989_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20231231__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zvNjHipKn8Ki" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif">20,850,793</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_984_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zelF9VdLvur5" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif">20,850,793</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_983_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zKCwYQjpk4N2" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0978">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_980_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20231231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_z8yzvUUNi0wc" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0980">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-left: auto; border-collapse: collapse; width: 90%; margin-right: auto"> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom"> <td style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">Description</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: 10pt Times New Roman, Times, Serif; text-align: center"><p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: center"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Amount at Fair Value</b></span></p></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Level 1</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Level 2</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="border-bottom: Black 1.5pt solid; font: bold 10pt Times New Roman, Times, Serif; text-align: center"><span style="font-family: Times New Roman, Times, Serif">Level 3</span></td><td style="font: bold 10pt Times New Roman, Times, Serif; padding-bottom: 1.5pt"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: bold 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif">December 31, 2022</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 10pt"><span style="font-family: Times New Roman, Times, Serif">Assets</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td colspan="2" style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 20pt; text-align: left"><span style="font-family: Times New Roman, Times, Serif">Investments held in Trust Account:</span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: right"><span style="font-family: Times New Roman, Times, Serif">—</span></td><td style="font: 10pt Times New Roman, Times, Serif; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> <tr style="font: 10pt Times New Roman, Times, Serif; vertical-align: bottom; background-color: White"> <td style="font: 10pt Times New Roman, Times, Serif; padding-left: 30pt; padding-bottom: 2.5pt; width: 36%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">U.S. Treasury Securities</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_98D_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20221231__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_z141e7vPmale" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif">119,220,016</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_98C_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20221231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel1Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zJFsT56qPDbk" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif">119,220,016</span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_98E_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20221231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel2Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zUbx67COFU7j" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0986">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 2%"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif">$</span></td><td id="xdx_984_eus-gaap--AssetsHeldInTrustNoncurrent_iI_c20221231__us-gaap--FairValueByFairValueHierarchyLevelAxis__us-gaap--FairValueInputsLevel3Member__us-gaap--FinancialInstrumentAxis__us-gaap--USTreasurySecuritiesMember_zLGh21ZjPgWj" style="border-bottom: Black 2.5pt double; font: 10pt Times New Roman, Times, Serif; width: 12%; text-align: right" title="Investments held in Trust Account"><span style="font-family: Times New Roman, Times, Serif"><span style="-sec-ix-hidden: xdx2ixbrl0988">—</span></span></td><td style="font: 10pt Times New Roman, Times, Serif; padding-bottom: 2.5pt; width: 1%; text-align: left"><span style="font-family: Times New Roman, Times, Serif"> </span></td></tr> </table> 20850793 20850793 119220016 119220016 <p id="xdx_80B_eus-gaap--SubsequentEventsTextBlock_ztFRsGC6rPd5" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>NOTE 10. <span id="xdx_827_zgRN7iSMGOob">SUBSEQUENT EVENTS</span></b></span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The Company has evaluated subsequent events and transactions that occurred after the consolidated balance sheet date up to the date that the consolidated financial statements were issued. Based upon this review, other than those subsequent events described below, the Company did not identify any other subsequent events that would have required adjustment or disclosure in the consolidated financial statements.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 11, 2024, Pono Capital Two, Inc., a Delaware corporation (the “Company” or “Pono”), filed an amended preliminary proxy statement with the U.S. Securities and Exchange Commission (“SEC”) in connection with the special meeting of stockholders. As more fully described in the proxy statement, the special meeting will be held for the purpose of considering and voting on a proposal to amend (the “Extension Amendment”) the Company’s Third Amended and Restated Certificate of Incorporation (the “Charter”), to extend the date by which the Company has to consummate a business combination from February 9, 2024 to November 9, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">In connection with the Extension Amendment, public stockholders may elect to redeem their shares for a per-share price, payable in cash, equal to the aggregate amount then on deposit in the trust account established in connection with the Company’s initial public offering (the “Trust Account”), including interest not previously released to the Company to pay franchise and income taxes, divided by the number of then outstanding public shares. If the Extension Amendment is approved by the requisite vote of stockholders, the remaining holders of public shares will retain their right to redeem their public shares when the business combination is submitted to the stockholders, subject to any limitations set forth in the Charter, as amended by the Extension Amendment.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On January 11, 2024, the Company entered into a non-redemption agreement with an unaffiliated investor (the “Holder”) which agreed to acquire from public stockholders of the Company <span id="xdx_90F_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zrN87KZbp4W6" title="Sale of stock, number of shares issued in transaction">1,500,000</span> to <span id="xdx_900_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20240111__20240111__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_ztfsJSTc425j" title="Sale of stock, number of shares issued in transaction">1,700,000</span> shares of Class A common stock, par value $<span id="xdx_90C_eus-gaap--CommonStockParOrStatedValuePerShare_iI_pid_c20240111__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember_zPczQMfLVs0d" title="Common stock, par value">0.0001</span> per share, of the Company (“Common Stock”) in the open market, at a prices no higher than the redemption price per share payable to stockholders who exercise redemption rights in connection with the stockholder vote to approve the Company’s proposed business combination (“Business Combination”) with SBC Medical Group Holdings Incorporated, a Delaware corporation (the “Target”), prior to the stockholder meeting to vote on the Extension Amendment (the “Meeting Date”) and to agree to waive its redemption rights and hold the shares until after the closing of the Business Combination. In consideration of the Holder’s agreement to waive its redemption rights with respect to the shares, and subject to (i) the Holder acquiring <span id="xdx_905_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20220809__20220809__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember_zswDCpcT9915" title="Sale of stock, number of shares issued in transaction">1,500,000</span> to <span id="xdx_90A_eus-gaap--SaleOfStockNumberOfSharesIssuedInTransaction_pid_c20240111__20240111__us-gaap--SubsidiarySaleOfStockAxis__us-gaap--IPOMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zUQJyUOqcuSk" title="Sale of stock, number of shares issued in transaction">1,700,000</span> shares of Common Stock in the open market, and (ii) Holder’s satisfaction of its other obligations under the non-redemption agreement, the Company, on the closing date of the Business Combination, provided that Holder has continued to hold the Holder’s shares through the closing date, Target and Yoshiyuki Aikawa, the chief executive officer of the Target, shall cause to be issued or transferred to Holder a number of shares of Common Stock held by Dr. Aikawa (the “Incentive Shares”), which will equal one (1) Incentive Share for each public share purchased in the open market pursuant to the non-redemption agreement that is continuously owned by Holder until the closing date of the Business Combination. This non-redemption agreement terminates on the earliest to occur of (i) the closing date of the Business Combination, (ii) the termination of the related Business Combination Agreement, or (iii) April 30, 2024 (the “Clearance Date”) if the Company has not cleared all SEC comments to its proxy statement in connection with the Business Combination by that date. On March 15, 2024, the parties to the non-redemption agreement entered into an amendment to the non-redemption agreement to extend the Clearance Date to June 30, 2024, and to agree to close the business combination on or before August 31, 2024.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 3, 2024, the Company held a special meeting of stockholders (the “Special Meeting”), and the chairman adjourned the Special Meeting to February 3, 2024. During the Special Meeting, stockholders approved an amendment to the Company’s amended and restated certificate of incorporation (i) to extend the date by which the Company has to consummate a business combination from February 9, 2024 to November 9, 2024 for no additional amount to be paid by the Sponsor into the Trust Account and (ii) to provide for the right of a holder of Class B common stock to convert such shares into shares of Class A common stock on a one-for-one basis prior to the closing of a business combination at the election of the holder (the “Extension Amendment”). The Company’s stockholders elected to redeem an aggregate of <span id="xdx_90D_eus-gaap--StockRedeemedOrCalledDuringPeriodShares_pid_c20240203__20240203__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zQFHAeHfRMJl" title="Aggregate redeemed shares">273,334</span> shares of Class A common stock of the Company in connection with the Special Meeting. Following such redemptions, the amount of funds remaining in the trust account is approximately $<span id="xdx_90B_eus-gaap--AssetsHeldInTrust_iI_pn5n6_c20240203__us-gaap--StatementClassOfStockAxis__us-gaap--CommonClassAMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zpobVZ8fvwX8" title="Remaining funds in the trust account">17.9</span> million.</span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; margin-left: 0; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">On February 27, 2024, the Company and SBC entered into an Amendment to the Note Purchase Agreement (the “Amended Note Purchase Agreement”), which increased the purchase price of the Note from $<span id="xdx_905_eus-gaap--ConvertibleDebtCurrent_iI_c20230526__us-gaap--TypeOfArrangementAxis__custom--NotePurchaseAgreementMember_zYqLRNGvxt7a" title="Convertible promissory note payable">1,000,000</span> to $<span id="xdx_900_eus-gaap--ConvertibleDebtCurrent_iI_c20240227__us-gaap--TypeOfArrangementAxis__custom--NotePurchaseAgreementMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_z5Nrr3At4vz" title="Convertible promissory note payable">2,700,000</span>. In connection with entering into the Amended Note Purchase Agreement, the Company and SBC amended the Note (the “Amended Note”) to increase the Principal Amount from $<span id="xdx_900_eus-gaap--ConvertibleDebtCurrent_iI_c20230526__us-gaap--TypeOfArrangementAxis__custom--NotePurchaseAgreementMember_zmYSNAPopmi1" title="Convertible promissory note payable">1,000,000</span> to $<span id="xdx_902_eus-gaap--ConvertibleDebtCurrent_iI_c20240227__us-gaap--TypeOfArrangementAxis__custom--NotePurchaseAgreementMember__us-gaap--SubsequentEventTypeAxis__us-gaap--SubsequentEventMember_zFImkcgY62i9" title="Convertible promissory note payable">2,700,000</span>. In consideration for entering into the Amended Note, each of the parties to the Merger Agreement agreed to release each other party from any claims arising out of any termination of the Merger Agreement or failure to consummate the transactions contemplated thereby.</span></p> 1500000 1700000 0.0001 1500000 1700000 273334 17900000 1000000 2700000 1000000 2700000 2,874,999 converted Class B shares are not subject to possible redemption Includes up to 375,000 shares of Class B common stock subject to forfeiture if the over-allotment option is not exercised in full or in part by the underwriters (see Note 5). The underwriters exercised their over-allotment option in full on August 9, 2022; thus, no shares of common stock remain subject to forfeiture as of August 9, 2022 (see Note 5).