Company: IPODW
Filing Date: 2025-03-25
Form Type: S-1/A
Source: 0001013762-25-002292
Chunk: 6

Company: Dune Acquisition Corp II
Filing Date: 2025-03-25
Form: S-1/A
Chunk 6
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 a private placement that will close simultaneously with the closing of this offering; we refer to these warrants as the “private placement warrants”. Certain institutional investors (none of which are affiliated with any member of our management, our sponsor or any other investor), which we refer to as the “non -managingsponsor investors” throughout this prospectus, have expressed an interest to purchase, indirectly through the purchase of non -managingsponsor membership interests, an aggregate of 1,000,000 private placement warrants (the “NMSI private placement warrants”) at a price of $1.00 per warrant ($1,000,000 in the aggregate), representing approximately 53.2% (or 50.0% if the over -allotmentoption is exercised in full) of the private placement warrants to be purchased by the sponsor, in a private placement that will close simultaneously with the closing of this offering. Subject to each non -managingsponsor investor indirectly purchasing, through our sponsor, the private placement warrants allocated to it in connection with the closing of this offering, our sponsor will issue membership interests at a nominal purchase price of approximately $0.001 to the non -managingsponsor investors reflecting interests in an aggregate of 1,000,000 founder shares held by our sponsor. The interests of the members of our sponsor are denominated in two classes of membership interest units: (i) class A membership units representing interests in the founder shares and (ii) class B membership units that will represent an interest in the private placement warrants. All members of our sponsor, including any non -managingsponsor investor that may join our sponsor concurrently with this offering will hold both classes of membership units representing their proportional interest in the founder shares and private placement warrants. Pursuant to an agreement of all members of our sponsor, the management and control of our sponsor is vested exclusively in Carter Glatt, our Chief Executive Officer and director, as the sole managing member of our sponsor, without any voting, veto, consent or other participation rights by any non -managingsponsor investors regardless of their unit ownership, except as described below. As a result of this management structure, non -managingsponsor investors will have no right to control our sponsor, except as described below, or participate in any decision regarding the disposal of any security held by our sponsor, or otherwise. The purchase of the non -managingsponsor member interests will not be conditioned on the purchase of units in this offering by the non -managings