Brief: Sbc Medical Group Holdings Incorporated Announced Signing Of A Definitive Agreement To Go Public

SBC Medical group

02/02/2023 22:12

Feb 2 (Reuters) - Pono Capital Two Inc  PTWO.O :
    * SBC MEDICAL GROUP HOLDINGS INCORPORATED, A MEDICAL
SERVICES
HEALTHCARE COMPANY, ANNOUNCED SIGNING OF A DEFINITIVE AGREEMENT
TO GO PUBLIC VIA A BUSINESS COMBINATION WITH PONO CAPITAL TWO,
INC., A NASDAQ LISTED COMPANY.
    * PONO CAPITAL TWO - TRANSACTION VALUES SBC AT $1.2 BILLION,
WHICH
IS EXPECTED TO RESULT IN A COMBINED PRO FORMA EQUITY VALUE OF
ABOUT $1.36 BILLION
    * PONO CAPITAL TWO - IN CONNECTION WITH MERGER, IT IS
EXPECTED
THAT SBC WILL CHANGE ITS NAME TO "SBC MEDICAL OPERATIONS, INC.,"
    * PONO CAPITAL TWO INC - IN CONNECTION WITH MERGER, IT IS
EXPECTED
THAT  PONO WILL THEN CHANGE ITS NAME TO "SBC MEDICAL GROUP
HOLDINGS INCORPORATED"

Source text for Eikon:  ID:nGNX2vDv6N 
Further company coverage:  PTWO.O 
 ((Reuters.Briefs@thomsonreuters.com;))