Company: IPODW
Filing Date: 2025-03-07
Form Type: S-1
Source: 0001213900-25-021721
Chunk: 346

Company: Dune Acquisition Corp II
Filing Date: 2025-03-07
Form: S-1
Chunk 346
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 unit, or up to $6,000,000 in the aggregate (or up to $6,900,000 if the overallotment option is exercised in full), will be payable to the underwriters for deferred underwriting commissions and will be placed in the Trust Account. The $0.40 per unit will become payable to the underwriters from the amounts held in the Trust Account solely on amounts remaining in the Trust Account following all properly submitted shareholder redemption in connection with the consummation of the initial Business Combination. F-15 DUNE ACQUISITION CORPORATION II
NOTES TO FINANCIAL STATEMENTS DECEMBER 31 , 2024 NOTE 6 — COMMITMENTS AND CONTINGENCIES (cont.) Representative Shares The Company will issue 112,500 Class A ordinary shares (or 129,375 Class A ordinary shares if the underwriters exercise their over -allotmentoption in full) (“Representative Shares”) to the underwriter or its designee, for nominal consideration. With regard to the Representative Shares, the underwriters have agreed (a) not to transfer, assign or sell any such shares without the Company’s written consent until the completion of the initial Business Combination, (ii) to waive their redemption rights (or right to participate in any tender offer) with respect to such shares in connection with the completion of the initial Business Combination, and (iii) to waive their rights to liquidating distributions from the Trust Account with respect to such shares if the Company does not complete its initial Business Combination within 15months (or up to 18months) from the closing of the Proposed Public Offering. The Representative Shares have been deemed compensation by FINRA and are therefore subject to a lock -upfor a period of 180 days immediately following the commencement of sales of the Proposed Public Offering. Pursuant to FINRA Rule 5110(e)(1), these securities may not be sold, transferred, assigned, pledged or hypothecated nor may they be the subject of any hedging, short sale, derivative, put or call transaction that would result in the economic disposition of the securities by any person for a period of 180 days immediately following the commencement of the Proposed Public Offering except to any underwriter and selected dealer participating in the Proposed Public Offering and their officers or partners, registered persons or affiliates or as otherwise permitted under FINRA Rule 5110(e)(2). NOTE 7 — SHAREHOLDER’S DEFICIT Preference Shares— The Company is authorized to issue a total of 1,000,