Company: IPODW
Filing Date: 2025-05-09
Form Type: 8-K
Source: 0001213900-25-041208
Chunk: 3

Company: Dune Acquisition Corp II
Filing Date: 2025-05-09
Form: 8-K
Item: Item 5.02
Chunk 3
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Item 5.02.

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

On May 6, 2025, in connection with the IPO, Michael Castaldy, Ben Coates,
Jeron Smith and Cecil White III (the “ Directors”) were appointed to the board of directors of the Company (the “ Board”).
Effective May 6, 2025, Messrs. Coates, Smith and White were appointed to the Board’s Audit Committee, with Mr. White serving as
chair of the Audit Committee. Effective May 6, 2025, Messrs. Coates, Smith and White were also appointed to the Board’s Compensation
Committee, with Mr. Smith serving as chair of the Compensation Committee.

Following the appointment of the Directors, the Board is comprised
of the following three classes: the term of office of the first class of directors, Class I, consists of Mr. White, and will expire at
the Company’s first annual meeting of shareholders; and the term of office of the second class of directors, Class II, consists
of Mr. Coates and Mr. Smith, and will expire at the Company’s second annual meeting of shareholders; and the term of office of the
third class of directors, Class III, consists of Carter Glatt and Michael Castaldy, and will expire at the Company’s third annual
meeting of shareholders.

On May 6, 2025, in connection with their appointments to the Board,
each Director entered into the Letter Agreement as well as an indemnity agreement with the Company in the form previously filed as Exhibit
10.5 to the Registration Statement.

Other than the foregoing, none of the Directors are party to any arrangement
or understanding with any person pursuant to which they were appointed as directors, nor are they party to any transactions required to
be disclosed under Item 404(a) of Regulation S-K involving the Company.

The foregoing descriptions of the Letter Agreement and the form of
indemnity agreement do not purport to be complete and are qualified in their entireties by reference to the Letter Agreement and form
of indemnity agreement, copies of which are attached as Exhibit 10.1 hereto and Exhibit 10.5 to the Registration Statement, respectively,
and are incorporated herein by reference.

Item 5.03. Amendments to Certificate of Incorporation or Bylaws.