AERWINS (NASDAQ: AWIN), 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, recently announced the closing of its business combination with Pono Capital Corp., a special purpose acquisition company, pursuant to the merger agreement between the parties. According to the update, the company closed the merger agreement with Pono Capital and its wholly owned subsidiary, Pono Merger Sub Inc., and AERWINS Inc., a Japanese company previously named AERWINS Technologies Inc. At the closing, Pono Merger Sub Inc. merged with and into AERWINS Inc., with AERWINS Inc. surviving and continuing as a wholly owned subsidiary of the company, previously named Pono Capital Corp. and now named AERWINS Technology Inc. “Japan was a manufacturing country for so many years,” said AERWINS chairman and CEO Shuhei Komatsu. “Precision is rooted and based in Japanese culture. We will continue to pursue the possibility of new mobility with the Japanese culture-centric mindset on our path to becoming a global company. I understand it is a big responsibility to talk about these ideals; I recognize that it is necessary to have the ability to deliver, so I will devote myself to this vision every day.”
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About AERWINS Technologies Inc.
Under the mission statement Changing Society from the Top Down, AERWINS Technologies has developed and released an air mobility platform, C.O.S.M.O.S. (Centralized Operating System for Managing Open Sky), and the XTURISMO Limited Edition Hoverbike. AERWINS will continue to innovate, unbound by existing ideas, to develop and deploy systems that are necessary for the realization of an air mobility society. For more information, please visit AERWINS.us.
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