Company: IPODW
Filing Date: 2025-03-07
Form Type: S-1
Source: 0001213900-25-021721
Chunk: 36

Company: Dune Acquisition Corp II
Filing Date: 2025-03-07
Form: S-1
Chunk 36
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 one Class A ordinary share. Only whole warrants are exercisable. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. |
|                                                                                                           |     | We have structured each unit to contain three-quarters of one warrant, with each whole warrant exercisable for one Class A ordinary share, as compared to units issued by some other similar special purpose acquisition companies which contain whole warrants exercisable for one share, in order to reduce the dilutive effect of the warrants upon completion of a business combination as compared to units that each contain a whole warrant to purchase one share, thus making us, we believe, a more attractive business combination partner for target businesses. |

____________ (1)Assumes no exercise of the underwriters’ over -allotmentoption and 900,000 founder shares are surrendered to us for no consideration. (2)Includes up to 900,000 founder shares that will be surrendered to us for no consideration depending on the extent to which the underwriters’ over -allotmentoption is exercised. (3)Comprised of 15,000,000 Class A ordinary shares included in the units to be sold in this offering, 112,500 representative shares and 6,000,000 Class B ordinary shares (or founder shares). Founder shares are currently classified as Class B ordinary shares, which shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of our initial business combination, or at any time prior thereto at the option of the holders thereof, on a one -for -onebasis, subject to adjustment, as described below adjacent to the caption “ Founder shares conversion and anti -dilution rights.” (4)Assumes surrender of all 900,000 founder shares. Up to 900,000 founder shares will be surrendered to us for no consideration depending on the extent to which the underwriters’ over -allotmentoption is exercised. (5)Comprised of 11,250,000 public warrants included in the units to be sold in this offering and 1,880,000 private placement warrants to be sold in the private placement.

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| Exercise price:  |     | $11.50 per share, subject to adjustments as described herein.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|                  |     | In addition, if (x) we issue additional Class A ordinary shares or equity-linked securities for capital raising purposes in connection with the closing of our initial business