Company: IPODW
Filing Date: 2025-03-25
Form Type: S-1/A
Source: 0001013762-25-002292
Chunk: 269

Company: Dune Acquisition Corp II
Filing Date: 2025-03-25
Form: S-1/A
Chunk 269
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 A ordinary share per NMSI private placement warrant. By way of illustration, if a non -managingsponsor investor makes an exchange of NMSI private placement warrants, and if the Market Price of the Class A ordinary shares as of the date of such exchange is $4.00 per Class A ordinary share, then the non -managingsponsor investor would receive 1/8 (one -eighth) of a Class A ordinary share for each NMSI private placement warrant exchanged (i.e ., $0.50, divided by $4.00). As such, such non -managingsponsor investor will receive up to one Class A ordinary share for eight (8) NMSI private placement warrants held by it prior to the exchange. As the Market Price decreases, the non -managingsponsor will receive more Class A ordinary shares for no additional consideration. In contrast, other investors will receive one Class A ordinary share for an exercise price of $11.50 should any such investors choose to exercise their warrants for cash, regardless of the Market Price fluctuation. As such, the non -managingsponsor investors will be more likely to exchange NMSI private placement warrants if the Market Price is low and as a result, the public shareholders may experience significant dilution. In addition, the ability to exchange NMSI private placement warrants for Class A ordinary shares when the warrants are out of the money may also incentivize non -managingsponsor investors to vote their public shares, if any, in favor of our initial business combination even if the combined company may decline in value and be unprofitable for public shareholders 174 after our initial business combination. Furthermore, in the event that we need to seek the forfeiture, transfer, exchange or amendment of the terms of NMSI private placement warrants in connection with our initial business combination, we will need to obtain the consent of the holders, directly or indirectly (as a result of their ownership in membership interests of the sponsor), of a majority of the NMSI private placement warrants. If we are unable to obtain such consent, our ability to complete our initial business combination may be negatively impacted. For a discussion regarding certain risks relating to the NMSI private placement warrants, see “Risk Factors — Since our sponsor, officers and directors, any other holder of our founder shares, and any other holder of our founder shares, including any non -managingsponsor investors, may lose their entire investment in us if our initial business combination is not