Company: IPODW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111055
Chunk: 1

Company: Dune Acquisition Corp II
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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-in capital   —    24,425  
 Accumulated deficit   (5,348,953)   (36,702) 
 Total Shareholders’ Deficit   (5,348,367)   (11,702) 
 TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT  $146,975,580   $82,978  

 (1) At December 31, 2024, included up to 750,000 Class B ordinary shares subject to forfeiture if the over-allotment option was not exercised in fully by the underwriters (see Note 5). As a result of the underwriters’ election to fully exercise their over-allotment option on May 8, 2025, the 750,000 Class B ordinary shares are no longer subject to forfeiture. 
 (2) On April, 22, 2025, the Sponsor surrendered 1,150,000 Class B ordinary shares, where the number of outstanding founder shares was reduced to 5,750,000 in the aggregate. All share and per share data have been retrospectively presented (see Note 5). 

The accompanying notes are an integral part of
the unaudited condensed financial statements.

1

DUNE ACQUISITION CORPORATION II

CONDENSED STATEMENTS OF OPERATIONS

(UNAUDITED)

Three Months Ended September 30, 2025  
Nine Months Ended September 30, 2025  
For the
 Period from
 September 13,
 2024
 (Inception)
 through September 30, 2024 
 Formation and general and administrative costs  $179,282   $339,821   $16,230  
 Loss from operations   (179,282)   (339,821)   (16,230) 

OTHER INCOME 

 Income earned on marketable securities held in Trust Account   1,514,706    2,388,170    —  
 Total other income   1,514,706    2,388,170    —  

 NET INCOME (LOSS)  $1,335,424   $2,048,349   $(16,230) 

 Basic weighted average shares outstanding, Class A redeemable ordinary shares   14,375,000    7,663,143    —