AERWINS Technologies Inc. closes on the business combination with Pono Capital Corp.

AERWINS Technologies Inc. (“AERWINS” or the “Company”), the developer and manufacturer of air mobility platform, C.O.S.M.O.S. (Centralized Operating System for Managing Open Sky), and the XTURISMO Limited Edition Hoverbike, has announced on February 3, 2023 that it has closed on the business combination with Pono Capital Corp., a special purpose acquisition company (“Pono Capital”), pursuant to the closing of the merger agreement between the parties. The Company closed the merger agreement with Pono Capital, Pono Merger Sub, Inc., a wholly owned subsidiary of Pono Capital, and AERWINS, Inc., a Japanese company previously named AERWINS Technologies, Inc.

TAAD LLP is served as AERWINS, Inc’s auditor prior and after the merger.