{"url_path":"/sec/pono/10-q/2026/cover-page","section_key":"cover-page","section_title":"Cover Page","topic":"sec","document":{"doc_type":"10-Q","doc_date":"2026-05-14","source_url":"https://www.sec.gov/Archives/edgar/data/2108164/0001213900-26-056801-index.html","accession_number":"0001213900-26-056801","cik":"0002108164","ticker":"PONO","issuer_name":"Pono Capital Four, Inc.","edgar_url":"https://www.sec.gov/Archives/edgar/data/2108164/0001213900-26-056801-index.html","primary_entity_key":"0002108164","primary_entity_name":"Pono Capital Four, Inc."},"word_count":744,"has_tables":true,"body_markdown":"UNITED STATES\n\nSECURITIES AND EXCHANGE COMMISSION\n\nWashington, D.C. 20549\n\n \n\nFORM 10-Q\n\n \n\n(Mark One)\n\n☒ QUARTERLY REPORT PURSUANT TO SECTION\n13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nFor the quarterly period ended March 31, 2026\n\n \n\n☐\nTRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934\n\n \n\nCommission File Number 001-43191\n\n \n\nPONO CAPITAL FOUR, INC.\n\n(Exact name of registrant as specified in its charter)\n\n \n\nCayman Islands   N/A\n\n(State or other jurisdiction of\nincorporation or organization)   (IRS Employer\n\nIdentification No.)\n\n** **\n\n**Suite 210, 2nd Floor Windward III, Regatta Office\nPark, PO Box 500**\n\n**Grand Cayman, Cayman Islands**\n\n**(206) 923-9234**\n\n(Address, including zip code, and telephone number,\nincluding area code, of registrant’s principal executive offices)\n\n \n\nN/A\n\n(Former name, former address and former fiscal\nyear, if changed since last report)\n\n \n\nSecurities registered pursuant to Section 12(b)\nof the Act:\n\n \n\nTitle of each class   Trading Symbol(s)   Name of each exchange on which registered\n\nUnits, each consisting of one Class A Ordinary Share and one right to receive one-fifth of one Class A Ordinary Share   PONOU   The Nasdaq Stock Market LLC\n\nClass A Ordinary Share, $0.0001 par value per share   PONO   The Nasdaq Stock Market LLC\n\nShare Rights to receive one-fifth of one Class A Ordinary Share   PONOR   The Nasdaq Stock Market LLC\n\n \n\nIndicate by check mark if the registrant is a\nwell-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐\nNo ☒\n\n \n\nIndicate by check mark if the registrant is not\nrequired to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐\nNo ☒\n\n \n\nIndicate by check mark whether the registrant\n(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\n(or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements\nfor the past 90 days. Yes ☒ No ☐\n\n \n\nIndicate by check mark whether the registrant\nhas submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405\nof this chapter) during the preceding 12 months (or such shorter period that the registrant was required to submit such files). Yes ☒\nNo ☐\n\n \n\nIndicate by check mark whether the registrant\nis a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company.\nSee the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,”\nand “emerging growth company” in Rule 12b-2 of the Exchange Act:\n\n \n\nLarge accelerated filer ☐ Accelerated filer ☐\n\nNon-accelerated filer ☒ Smaller reporting company ☒\n\n  Emerging growth company ☒\n\n \n\nIf an emerging growth company, indicate by check\nmark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting\nstandards provided pursuant to Section 13(a) of the Exchange Act. ☐\n\n \n\nIndicate by check mark whether the registrant\nis a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☒\nNo ☐\n\n \n\nAs of May 14, 2026, there were 12,205,000 of\nthe registrant’s Class A ordinary shares, par value $0.0001 per share, and 5,142,857 of the registrant’s Class B ordinary\nshares, par value $0.0001 per share, issued and outstanding.\n\n \n\n \n\n \n\n \n\n \n\n \n\nPONO CAPITAL FOUR, INC.\n\nFORM 10-Q FOR THE QUARTER ENDED MARCH 31, 2026\n\n \n\nTABLE OF CONTENTS\n\n** **\n\n \n**Page**\n\n \n \n\n[Part I. - Financial Information](#a_001)\n1\n\n \n[Item 1. Financial Statements.](#a_002)\n1\n\n \n[Unaudited Condensed Balance Sheet as of March 31, 2026](#a_003)\n1\n\n \n[Unaudited Condensed Statement of Operations for the Period from January 2, 2026 (Inception) through March 31, 2026](#a_004)\n2\n\n \n[Unaudited Condensed Statement of Changes in Shareholders’ Deficit for the Period from January 2, 2026 (Inception) through March 31, 2026](#a_005)\n3\n\n \n[Unaudited Condensed Statement of Cash Flows for the Period from January 2, 2026 (Inception) through March 31, 2026](#a_006)\n4\n\n \n[Notes to the Unaudited Condensed Financial Statements](#a_007)\n5\n\n \n[Item 2. Management’s Discussion and Analysis of Financial Condition and Results of Operations](#a_008)\n19\n\n \n[Item 3. Quantitative and Qualitative Disclosures About Market Risk](#a_009)\n23\n\n \n[Item 4. Controls and Procedures](#a_010)\n23\n\n[Part II. - Other Information](#a_011)\n24\n\n \n[Item 1. Legal Proceedings](#a_012)\n24\n\n \n[Item 1A. Risk Factors](#a_013)\n24\n\n \n[Item 2. Unregistered Sales of Equity Securities and Use of Proceeds.](#a_014)\n25\n\n \n[Item 3. Defaults Upon Senior Securities](#a_015)\n25\n\n \n[Item 4. Mine Safety Disclosures](#a_016)\n25\n\n \n[Item 5. Other Information](#a_017)\n25\n\n \n[Item 6. Exhibits](#a_018)\n25\n\n[Signatures](#a_019)\n26\n\n \n\ni\n\n \n\n \n\nPart\nI - Financial Information"}