Company: IPODW
Filing Date: 2025-05-08
Form Type: 424B4
Source: 0001213900-25-040894
Chunk: 23

Company: Dune Acquisition Corp II
Filing Date: 2025-05-08
Form: 424B4
Chunk 23
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 Dune I consummated its business combination with Global Gas in December 2023. In accordance with the terms and subject to the conditions of the purchase agreement by and among Dune I, Global Gas and the other parties thereto, Dune acquired Global Hydrogen for a total equity value of $43million, forming the combined company “Global Gas Corporation” upon completion of the merger. Dune I extended the date by which Dune I must consummate a business combination from 18 months from the date of Dune I’s initial public offering to 36 months. Approximately 91% of the public shares were redeemed in connection with such extension. Approximately 60% of the remaining public shares were redeemed in connection with the consummation of the business combination between Dune I and Global Gas. On March5, 2025, the closing price of HGAS common stock was $0.29 per share. The past performance of our management team or their respective affiliates is not a guarantee either (i) of success with respect to any business combination we may consummate or (ii) that we will be able to identify a suitable candidate for our initial business combination. In fact, in recent years, a number of target businesses have underperformed financially post -businesscombination. See “Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination” — Because we are neither limited to evaluating a target business in a particular industry sector nor have we selected any target businesses with which to pursue our initial business combination, you will be unable to ascertain the merits or risks of any particular target business’s operations. You should not rely on the historical record of our management team’s or their respective affiliates’ performance as indicative of our future performance. Our Business Strategy We are focused on identifying a business combination target that can benefit from the collective network, knowledge and depth of industry experience of our management team. Likewise, we believe that the extensive experience that members of our management team have gained over their careers from building, investing, and leading both private and publicly traded companies will position us favorably to identify, evaluate, and acquire an attractive initial business combination target. Although we may pursue our initial business combination in any business, industry or geographic location, we currently intend to focus on opportunities that capitalize on the ability of our management team to identify, acquire and operate a business in the Software as a Service (“SaaS”), Artificial Intelligence (“AI”), semiconductor, MedTech, and business services -orientedasset management