D. Boral Capital Acted as Sole Bookrunner to Pono Capital Four, Inc. (Nasdaq: PONOU) in Connection with its $120,000,000 Initial Public Offering

NEW YORK, NY / ACCESS Newswire / March 17, 2026 /On March 16, 2026, Pono Capital Four, Inc. (Nasdaq:PONOU) (or the "Company ") announced the closing of its Initial Public Offering of 12,000,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one right (the "Share Right ") to receive one-fifth of one Class A ordinary share at the closing of the Company 's initial business combination. Once the securities comprising the units begin separate trading, the Class A ordinary shares and the rights are expected to be traded on Nasdaq under the symbols "PONO " and "PONOR, " respectively.

D. Boral Capital LLC acted as Sole Bookrunner for the Offering.

The Company has granted the underwriter a 45-day option to purchase up to an additional 1,800,000 units at the Initial Public Offering price to cover over-allotments, if any.

A registration statement relating to the securities sold in the Initial Public Offering was declared effective by the U.S. Securities and Exchange Commission (the "SEC ") on March 12, 2026. The offering was made only by means of a prospectus. A final prospectus relating to and describing the final terms of the Offering has been filed with the Securities and Exchange Commission. Copies of the final prospectus relating to this Offering may be obtained on the SEC 's website at http://www.sec.gov or by contacting D. Boral Capital LLC at 590 Madison Avenue, 39th Floor, New York, NY 10022, by email at dbccapitalmarkets@dboralcapital.com, or by telephone at +1 (212) 970-5150.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Pono Capital Four, Inc.

Pono Capital Four, Inc. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination. While the Company may pursue a business combination in any sector, the Company will primarily focus on target businesses in the disruptive technology sector. The Company 's management team is led by Dustin Shindo, its Chief Executive Officer and Chairman of the Board of Directors.

About D. Boral Capital

D. Boral Capital LLC is a premier, relationship-driven global investment bank headquartered in New York. The firm is dedicated to delivering exceptional strategic advisory and tailored financial solutions to middle-market and emerging growth companies. With a proven track record, D. Boral Capital provides expert guidance to clients across diverse sectors worldwide, leveraging access to capital from key markets, including the United States, Asia, Europe, the Middle East, and Latin America.

A recognized leader on Wall Street, D. Boral Capital has successfully aggregated approximately $35 billion in capital since its inception in 2020, executing ~400 transactions across a broad range of investment banking products.

Forward Looking Statement

This press release contains statements that constitute "forward-looking statements ". Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the prospectus filed in connection with the initial public offering with the SEC. Copies are available on the SEC 's website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

For more information, please contact:

D. Boral Capital LLC
Email: dbccapitalmarkets@dboralcapital.com
Telephone: +1 (212) 970-5150

SOURCE: D. Boral Capital

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