Company: IPODW
Filing Date: 2025-04-29
Form Type: S-1/A
Source: 0001213900-25-036656
Chunk: 332

Company: Dune Acquisition Corp II
Filing Date: 2025-04-29
Form: S-1/A
Chunk 332
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,796 | ) |     | $             | (59,796 | ) |

FOR THE PERIOD FROM SEPTEMBER 13, 2024 (INCEPTION) THROUGH DECEMBER 31, 2024

| Balance – September 13, 2024 (inception)             |     |         Class B 
 Ordinary Shares 
          Shares 
               — |     | Amount |   — |     | Additional 
 Paid-in    
 Capital    |      — |     | Accumulated 
 Deficit     | —       |   |     | Total         
 Shareholder’s 
 Equity        |       — |   |
|:-----------------------------------------------------|:----|----------------:|:----|:-------|----:|:----|:-----------|-------:|:----|:------------|:--------|:--|:----|:--------------|--------:|:--|
| Issuance of Class B ordinary shares to Sponsor(1)(2) |     |       5,750,000 |     |        | 575 |     |            | 24,425 |     |             | —       |   |     |               |  25,000 |   |
| Net loss                                             |     |               — |     |        |   — |     |            |      — |     |             | (36,702 | ) |     |               | (36,702 | ) |
| Balance – December 31, 2024                          |     |       5,750,000 |     | $      | 575 |     | $          | 24,425 |     | $           | (36,702 | ) |     | $             | (11,702 | ) |

____________ (1)Includes an aggregate of up to 900,000 Class B ordinary shares subject to forfeiture if the over -allotmentoption is not exercised in full by the underwriters (Note 7). (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 these financial statements.

F-5

DUNE ACQUISITION CORPORATION II
STATEMENT OF CASH FLOWS

|                                                                            |     | For the      
 three months 
 ended        
 March 31,    
 2025         
 (