Company: IPODW
Filing Date: 2025-05-09
Form Type: 8-K
Source: 0001213900-25-041208
Chunk: 2

Company: Dune Acquisition Corp II
Filing Date: 2025-05-09
Form: 8-K
Item: Item 3.02
Chunk 2
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Item 3.02.

Unregistered Sales of Equity Securities.

Simultaneously with the closing of the IPO, pursuant
to the Private Placement Warrants Purchase Agreement, the Company completed the private sale of an aggregate of 2,000,000 warrants (the
“ Private Placement Warrants”) to the Sponsor at a purchase price of $1.00 per Private Placement Warrant, generating gross
proceeds to the Company of $2,000,000. The Private Placement Warrants are identical to the Warrants sold in the IPO, except that the Private
Placement Warrants, so long as they are held by the Sponsor or its permitted transferees, (i) are not redeemable by the Company, (ii)
may not (including the Class A ordinary shares issuable upon exercise of such Private Placement Warrants), subject to certain limited
exceptions, be transferred, assigned or sold by such holders until 30 days after the completion of the Company’s initial business
combination, (iii) may be exercised by the holders on a cashless basis and (iv) will be entitled to registration rights. No underwriting
discounts or commissions were paid with respect to such sale. The issuance of the Private Placement Warrants was made pursuant to the
exemption from registration contained in Section 4(a)(2) of the Securities Act of 1933, as amended.

Item 5.02. Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.