Company: IPODW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111055
Chunk: 5

Company: Dune Acquisition Corp II
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 5
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 are an integral part of
the unaudited condensed financial statements.

3

DUNE ACQUISITION CORPORATION II

CONDENSED STATEMENTS OF CASH FLOWS

(UNAUDITED)

Nine Months 
Ended September 30,  
For the 
Period from 
September 13, 
2024 
(Inception) 
through September 30, 

2025  
2024 

Cash Flows from Operating Activities: 

 Net income (loss)  $2,048,349   $(16,230) 

Adjustments to reconcile net income to net cash used in operating activities: 

 Interest earned on marketable securities held in Trust Account   (2,388,170)   —  
 Payment of operating costs through promissory note   23,500    —  
 Payment of operating costs through advances from related party   4,320    —  

Changes in operating assets and liabilities: 

 Prepaid expenses and other current assets   (76,133)   —  
 Accrued expenses   (4,828)   16,230  
 Net cash used in operating activities   (392,962)   —  

Cash Flows from Investing Activities: 

 Investment of cash in Trust Account   (144,109,375)   —  
 Net cash used in investing activities   (144,109,375)   —  

Cash Flows from Financing Activities: 

 Proceeds from issuance of Class B ordinary shares to Sponsor   —    25,000  
 Proceeds from sale of Units, net of underwriting discounts paid   143,200,000    —  
 Proceeds from sale of Private Placement Warrants   2,000,000    —  
 Repayment of advances from related party   (4,320)   —  
 Proceeds from promissory note – related party   51,500    —  
 Repayment of promissory note – related party   (150,000)   —  
 Payment of offering costs   (206,759)   —  
 Net cash provided by financing activities   144,890,421    25,000