[1/2] A.L.I technology's Xturismo air-mobility hover bike is displayed at the Tokyo Motor Show, in Tokyo, Japan October 24, 2019.
REUTERS/Edgar SuFeb 3 (Reuters) - Japanese startup Aerwins Technologies, which is selling a Star Wars-inspired $555,000 hoverbike, has received approval to list on the NASDAQ in a merger with blank-check firm Pono Capital Corp (PONO.O), the manufacturer said on Friday.
Aerwins, which is taking orders for the XTurismo hoverbike with a motorcycle-like body on top of propellers that it unveiled last year, estimates it will be valued at $600 million in the transaction.
Started as ALI Technologies in Tokyo, the company said in a statement to Reuters that NASDAQ had approved its listing on Thursday, with trading to begin on Monday.
Aikawa's company, SBC Medical Group, which operates cosmetic medical centres in Japan, is going public through a merger with another Pono-related blank check company, Pono Capital Two (PTWO.O).