# SPAC Pono Capital Four to Acquire Blackstar Orbital Technologies

_Thursday, August 6, 2026 at 8:00 AM EDT · Capital · Latest · Tier 2 — Notable_

![SPAC Pono Capital Four to Acquire Blackstar Orbital Technologies — Primary](https://ml.globenewswire.com/media/d15b5c5a-0905-4542-a1b7-2911044b9a96/small/pono-capital-four-logo-jpg.jpg)

Pono Capital Four, Inc. has announced the execution of a definitive Agreement and Plan of Merger with Blackstar Orbital Technologies Corporation.

Pono said the merger is intended to result in Blackstar Orbital continuing as the surviving corporation as a wholly owned subsidiary of Pono, with Pono planning to change its name to Blackstar Orbital Corporation upon completion. The transaction values Blackstar Orbital at $380 million and is expected to close in the first quarter of 2027, subject to shareholder approval and customary closing conditions.

## Sources

- [Markets Insider](https://markets.businessinsider.com/news/stocks/blackstar-orbital-technologies-an-innovative-developer-of-advanced-reusable-spacecraft-announces-the-signing-of-a-definitive-agreement-to-go-public-via-a-business-combination-with-pono-capital-1036419853)

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Retrieved: 2026-08-08T14:46:18.029Z
Publisher: Tech & Business (techandbusiness.org)