Company: IPODW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-111055
Chunk: 2

Company: Dune Acquisition Corp II
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 2
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 Basic net income per share, Class A redeemable ordinary shares  $0.07   $0.16   $—  

 Diluted weighted average shares outstanding, Class A redeemable ordinary shares   14,375,000    7,663,143    —  
 Diluted net income per share, Class A redeemable ordinary shares  $0.07   $0.15   $—  

 Basic     weighted average shares outstanding, Class A and Class B non-redeemable ordinary shares (1)(2)   5,857,813    5,457,290    —  
 Basic net income per share, Class A and Class B non-redeemable ordinary shares  $0.07   $0.16   $—  

 Diluted     weighted average shares outstanding, Class A and Class B non-redeemable ordinary shares (2)   5,857,813    5,807,474    5,000,000  
 Diluted net income (loss) per share, Class A and Class B non-redeemable ordinary shares  $0.07   $0.15   $(0.00) 

 (1) Excluded an aggregate of up to 750,000 Class B ordinary shares subject to forfeiture if the over-allotment option was not exercised in fully by the underwriters at December 31, 2024 (see Note 5). As a result of the underwriters’ election to fully exercise their over-allotment option on May 8, 2025, the 750,000 Class B ordinary shares are no longer subject to forfeiture. 
 (2) On April 22, 2025, the Sponsor surrendered 1,150,000 Class B ordinary shares, where the number of outstanding founder shares was reduced to 5,750,000 in the aggregate. All share and per share data have been retrospectively presented. 

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

2

DUNE ACQUISITION CORPORATION II

CONDENSED STATEMENTS OF CHANGES IN SHAREHOLDERS’
DEFICIT

(UNAUDITED)

THREE AND NINE MONTHS ENDED SEPTEMBER 30, 2025

Class A Ordinary Shares  
Class B Ordinary Shares  
Additional Paid-in  
Accumulated  
Total Shareholders’