Company: IPODW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074296
Chunk: 1

Company: Dune Acquisition Corp II
Filing Date: 2025-08-11
Form: 10-Q
Item: Part I, Item 1
Chunk 1
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   —    24,425  
 Accumulated deficit   (5,169,671)   (36,702) 
 Total Shareholders’ Deficit   (5,169,085)   (11,702) 
 TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT  $145,652,820   $82,978  

  (1) At December 31, 2024, included up to 750,000 Class B ordinary shares subject to forfeiture if the over-allotment option was not exercised in fully by the underwriters (see Note 5). As a result of the underwriters’ election to fully exercise their over-allotment option on May 8, 2025, the 750,000 Class B ordinary shares are no longer subject to forfeiture.  (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 (see Note 5).  

The accompanying notes are an integral part of
the unaudited condensed financial statements.

1

DUNE ACQUISITION CORPORATION II

CONDENSED STATEMENTS OF OPERATIONS

THREE AND SIX MONTHS ENDED JUNE 30, 2025

(UNAUDITED)

Three Months Ended June 30,  
Six Months Ended June 30, 

2025  
2025 
 Formation and general and administrative costs  $112,445   $160,539  
 Loss from operations   (112,445)   (160,539) 

Other income (expense): 

 Interest earned on marketable securities held in Trust Account   873,464    873,464  
 Net income  $761,019   $712,925  

 Basic weighted average shares outstanding, Class A redeemable ordinary shares   8,456,278    4,232,639  

 Basic net income per share, Class A redeemable ordinary shares  $0.05   $0.08  

 Diluted weighted average shares outstanding, Class A redeemable ordinary shares   8,456,278    4,232,639  

 Diluted net income per share, Class A redeemable ordinary shares  $0