SBC Medical Group Holdings Incorporated, a global owner, operator, and provider of management services and products to cosmetic treatment centers, and Pono Capital Two, Inc. SPAC completed the business combination and listing on Nasdaq.WHO: Founded in 2017, SBC Medical Group Holdings Incorporated (SBS Medical), is a Tokyo-based medical services healthcare company with a history in the aesthetics space specializing in solving medical care providers' problems. SBC has its roots in providing management services to cosmetic treatment centers in Japan. SBC Medical, through its subsidiaries, provides services to support the operation of clinics that deliver highly specialized medical services in the areas of cosmetic medicine, esthetic dentistry, and Androgenetic Alopecia or AGA, primarily in Japan and centered on the SBC Shonan Beauty Clinic Brand.SBC Medical and its subsidiaries now provide management services to a total of 164 franchisee treatment centers located in Japan with the support of approximately 1,639 employees globally, a majority of which are located in Japan. SBC Medical also owns and operates one treatment center in Vietnam and provides management services to one treatment center in California. Pono Capital Two is a special purpose acquisition company (SPAC) whose purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses or entities.WHY: SBC Medical has a demonstrated track record of expanding its revenue base with a history of profitability.