Company: IPODW
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001213900-25-040894
Chunk: 134

Company: Dune Acquisition Corp II
Filing Date: 2025-05-08
Form: 424B4
Chunk 134
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 Assuming a trading price of $10.025 per public share upon consummation of our initial business combination, the 5,000,000 founder shares would have an aggregate implied value of $6.84. Even if the trading price of our ordinary shares were as low as $0.37 per share, and the private placement warrants are worthless, the value of the founder shares would be equal to our sponsor’s aggregate initial investment in us. As a result, our sponsor is likely to be able to make a substantial profit on its investment in us at a time when our public shares have lost significant value. Accordingly, members of our management team, who own interests in our sponsor, may be more willing to pursue a business combination with a riskier or less -establishedtarget business than would be the case if our sponsor had paid the same per share price for the founder shares as our public shareholders paid for their public shares. The determination of the offering price of our units and the size of this offering is more arbitrary than the pricing of securities and size of an offering of an operating company in a particular industry. You may have less assurance, therefore, that the offering price of our units properly reflects the value of such units than you would have in a typical offering of an operating company. Prior to this offering there has been no public market for any of our securities. The public offering price of the units and the terms of the warrants were negotiated between us and the underwriters. In determining the size of this offering, management held customary organizational meetings with the representatives of the underwriters, both prior to our inception and thereafter, with respect to the state of capital markets, generally, and the amount the underwriters believed they reasonably could raise on our behalf. Factors considered in determining the size of this offering, prices and terms of the units, including the Class A ordinary shares and warrants underlying the units, include: •the history and prospects of companies whose principal business is the acquisition of other companies; •prior offerings of those companies; •our prospects for acquiring an operating business at attractive values; •a review of debt to equity ratios in leveraged transactions; •our capital structure; •an assessment of our management and their experience in identifying operating companies; •general conditions of the securities markets at the time of this offering; and •other factors as were deemed relevant. 89 Although these factors were considered, the determination of our offering size, price and terms of the Units is more arbitrary than the pricing of securities of an operating company in a particular industry since