Company: IPODW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074296
Chunk: 4

Company: Dune Acquisition Corp II
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 4
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 share data have been retrospectively presented (see Note 5).  

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

3

DUNE ACQUISITION CORPORATION II

CONDENSED STATEMENTS OF CASH FLOWS

SIX MONTHS ENDED JUNE 30, 2025

(UNAUDITED)

Six Months Ended June 30, 

2025 

Cash Flows from Operating Activities: 
  
 Net income  $712,925  

Adjustments to reconcile net income to net cash used in operating activities: 
   
 Interest earned on marketable securities held in Trust Account   (873,464) 
 Payment of operating costs through promissory note   23,500  
 Payment of operating costs through advances from related party   4,320  

Changes in operating assets and liabilities: 
   
 Prepaid expenses and other current assets   (51,722) 
 Prepaid insurance   (28,504) 
 Accrued expenses   7,836  
 Net cash used in operating activities   (205,109) 

Cash Flows from Investing Activities: 
   
 Investment of cash in Trust Account   (144,109,375) 
 Net cash used in investing activities   (144,109,375) 

Cash Flows from Financing Activities: 
   
 Proceeds from sale of Units, net of underwriting discounts paid   143,200,000  
 Proceeds from sale of Private Placement Warrants   2,000,000  
 Repayment of advances from related party   (4,320) 
 Proceeds from promissory note – related party   51,500  
 Repayment of promissory note – related party   (150,000) 
 Payment of offering costs   (206,759) 
 Net cash provided by financing activities   144,890,421  

 Net Change in Cash   575,937  
 Cash – Beginning of period   13,818  
 Cash – End of period  $589,755  

Non-Cash investing and financing activities: 
   
 Deferred offering costs included in accrued offering costs  $75,000  
 Issuance of Class A Representative Shares  $11  
 Accretion of Class A ordinary shares to redemption value  $