Company: IPODW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111055
Chunk: 37

Company: Dune Acquisition Corp II
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 37
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 for a period of time within one year after the date that the accompanying financial statements
are issued. Management plans to address this uncertainty through a Business Combination.

Off-Balance Sheet Arrangements

We have no obligations, assets or liabilities,
which would be considered off-balance sheet arrangements as of September 30, 2025. We do not participate in transactions that create relationships
with unconsolidated entities or financial partnerships, often referred to as variable interest entities, which would have been established
for the purpose of facilitating off-balance sheet arrangements. We have not entered into any off-balance sheet financing arrangements,
established any special purpose entities, guaranteed any debt or commitments of other entities, or purchased any non-financial assets.

Contractual obligations

We do not have any long-term debt, capital lease
obligations, operating lease obligations or long-term liabilities, other than an agreement with the Sponsor or an affiliate to and aggregate
of $15,000 per month for utilities and secretarial and administrative support. We began incurring these fees on May 6, 2025 and will continue
to incur these fees monthly until the earlier of the completion of the Business Combination and our liquidation.

The underwriters are entitled to a deferred underwriting
discount of $0.40 per unit, or up to $5,750,000 in the aggregate. The deferred fee will become payable to the underwriters from the amounts
held in the Trust Account solely on amounts remaining in the Trust Account following all properly submitted shareholder redemptions in
connection with the consummation of the initial Business Combination, subject to the terms of the underwriting agreement.

Critical Accounting Estimates

The preparation of condensed financial statements
in conformity with GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities,
disclosure of contingent assets and liabilities at the date of the condensed financial statements, and income and expenses during the
periods reported. Making estimates requires management to exercise significant judgement. It is at least reasonably possible that the
estimate of the effect of a condition, situation or set of circumstances that existed at the date of the condensed financial statements,
which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly,
actual results could materially differ from those estimates. As of September 30, 2025 and December 31, 2024, we did not have any
critical accounting estimates to be disclosed.

Recent Accounting Standards

In November