Company: IPODW
Filing Date: 2025-03-25
Form Type: CORRESP
Source: 0001013762-25-002298
Chunk: 1

Company: Dune Acquisition Corp II
Filing Date: 2025-03-25
Form: CORRESP
Chunk 1
---
 warrants will be purchased indirectly through the purchase     
 of non-managing sponsor membership interests, however, disclosure on the cover page also indicates that the NMSI private placement warrants 
 may be held directly.                                                                                                                       |

In response to the Staff’s comment, we have clarified
that (i) the NMSI private placement warrants will be purchased by the sponsor at the closing of the public offering, at which time such
warrants will be held indirectly by the non-managing sponsor investors through such investors’ purchase of membership interests
in the sponsor and (ii) following the Company’s initial business combination, the sponsor will distribute such warrants to such
investors, at which time the investors will hold such warrants directly.

We thank the Staff for its review of the
foregoing. If you have further comments, we ask that you forward them by electronic mail to our counsel, Ari Edelman, at ari@edelmanlegal.com
or by telephone at (845) 533-3435.

|                       | Sincerely, |                         |
|                       | By:        | /s/ Carter Glatt        |
|                       | Name:      | Carter Glatt            |
|                       | Title:     | Chief Executive Officer |
| cc: Ari Edelman, Esq. |            |                         |