Company: IPODW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074296
Chunk: 30

Company: Dune Acquisition Corp II
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 30
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 or persons acting on our behalf
are qualified in their entirety by this paragraph.

The following discussion and analysis of our
financial condition and results of operations should be read in conjunction with the unaudited condensed financial statements and the
notes thereto included in this Quarterly Report under “Item 1. Financial Statements”.

Overview

We are a blank check company incorporated in
the Cayman Islands on September 13, 2024 incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition,
share purchase, reorganization or other similar business combination with one or more businesses (the “Business Combination”).
We intend to effectuate our Business Combination using cash derived from the proceeds of the Initial Public Offering and the sale of
the Private Placement Warrants, our shares, debt or a combination of cash, shares and debt.

We expect to continue to incur significant
costs in the pursuit of our acquisition plans. We cannot assure you that our plans to complete a Business Combination will be successful.

In 2024, the SEC adopted additional rules and
regulations relating to special purpose acquisition companies (“SPAC”)s, which became effective on July 1, 2024 (“2024
SPAC Rules”). The 2024 SPAC Rules require, among other matters, (i) additional disclosures relating to SPAC sponsors and related
persons; (ii) additional disclosures relating to SPAC Business Combination transactions; (iii) additional disclosures relating to dilution
and to conflicts of interest involving sponsors and their affiliates in connection with proposed Business Combination transactions; (iv)
additional disclosures regarding projections included in SEC filings in connection with proposed Business Combination transactions; and
(v) the requirement that both the SPAC and its target company be co-registrants in connection with registration statements relating to
proposed Business Combination transactions. In addition, the SEC’s adopting release provided guidance describing circumstances
in which a SPAC could become subject to regulation under the Investment Company Act, including its duration, asset composition, business
purpose, and the activities of the SPAC and its management team. The 2024 SPAC Rules may materially affect our ability to negotiate and
complete our Initial Business Combination and may increase the costs and time related thereto.

We may seek to extend the Combination Period
consistent with applicable laws, regulations and stock exchange rules by amending our amended and restated memorandum and articles of
association. Such an amendment would require the approval of our public shareholders, who will be provided the opportunity to redeem
all