Pono Capital Corp. focuses on effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses.

It intends to identify business opportunities in the field of enterprise security and operations applications, cloud-based content and digital streaming services, drone technology and service, artificial intelligence, consumer healthcare and wellness, biomedical technology, entertainment/gaming, distance learning, and online retail and e-sports.

The company was incorporated in 2021 and is based in Honolulu, Hawaii.