Company: IPODW
Filing Date: 2025-03-07
Form Type: S-1
Source: 0001213900-25-021721
Chunk: 330

Company: Dune Acquisition Corp II
Filing Date: 2025-03-07
Form: S-1
Chunk 330
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 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) |     |       6,900,000 |     |        | 690 |     |            | 24,310 |     |             | —       |   |     |               |  25,000 |   |
| Net loss                                          |     |               — |     |        |   — |     |            |      — |     |             | (36,702 | ) |     |               | (36,702 | ) |
| Balance – December 31, 2024                       |     |       6,900,000 |     | $      | 690 |     | $          | 24,310 |     | $           | (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). The accompanying notes are an integral part of these financial statements.

F-5

DUNE ACQUISITION CORPORATION II
STATEMENT OF CASH FLOWS
FOR THE PERIOD FROM SEPTEMBER 13, 2024 (INCEPTION) THROUGH DECEMBER 31 , 2024

| Cash flows from operating activities:                                      |     |   |         |   |
|:---------------------------------------------------------------------------|:----|:--|--------:|:--|
| Net loss                                                                   |     | $ | (36,702 | ) |
| Adjustment to reconcile net loss to net cash used in operating activities: |     |   |         |   |
| Changes in operating assets and liabilities:                               |     |   |         |   |
| Acc