Company: IPODW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074296
Chunk: 89

Company: Dune Acquisition Corp II
Filing Date: 2025-08-11
Form: 10-Q
Item: Part II, Item 1A
Chunk 89
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As a smaller reporting company under Rule 12b-2
of the Exchange Act, we are not required to include risk factors in this Quarterly Report. For additional risks relating to our operations,
see the section titled “Risk Factors” contained in our final prospectus for the Initial Public Offering filed with the SEC
on May 8, 2025. Any of these factors could result in a significant or material adverse effect on our results of operations or financial
condition. Additional risk factors not presently known to us or that we currently deem immaterial may also impair our business or results
of operations. As of the date of this Quarterly Report, there have been no material changes to the risk factors disclosed in our final
prospectus for the Initial Public Offering filed with the SEC, except we may disclose changes to such factors or disclose additional factors
from time to time in our future filings with the SEC. 

Item 2. Unregistered Sales of Equity Securities
and Use of Proceeds.

On May 8, 2025, we consummated the Initial Public
Offering of 14,375,000 Units, which included the full exercise by the underwriters of their over-allotment option in the amount of 1,875,000
Units. The Units were sold at an offering price of $10.00 per unit, generating total gross proceeds of $143,750,000. Clear Street LLC.
acted as sole book-running manager of the Initial Public Offering. The securities in the offering were registered under the Securities
Act on registration statement on Form S-1 (No. 333-285639). The Securities and Exchange Commission declared the registration statements
effective on May 6, 2025.

Simultaneous with the closing of the Initial
Public Offering, the Sponsor consummated the private placement of an aggregate of 2,000,000 Private Placement Warrants at a price of
$1.00 per warrant, generating total proceeds of $2,000,000. Each whole warrant entitles the registered holder to purchase one Class A
ordinary share at a price of $11.50, subject to adjustment. The issuance was made pursuant to the exemption from registration contained
in Section 4(a)(2) of the Securities Act.

The Private Placement Warrants are identical
to the Public Warrants sold in the Initial Public Offering except that, so long as they are held by the Sponsor, the underwriters, or
their permitted transferees, the Private Placement W