Company: IPODW
Filing Date: 2025-04-29
Form Type: S-1/A
Source: 0001213900-25-036656
Chunk: 8

Company: Dune Acquisition Corp II
Filing Date: 2025-04-29
Form: S-1/A
Chunk 8
---
 a Class A ordinary share for each NMSI private placement warrant exchanged (i.e., $0.50, divided by $4.00). As such, such non -managingsponsor investor will receive up to one Class A ordinary share for eight (8) NMSI private placement warrants held by it prior to the exchange. As the Market Price decreases, the non -managingsponsor will receive more Class A ordinary shares for no additional consideration. In contrast, other investors will receive one Class A ordinary share for an exercise price of $11.50 should any such investors choose to exercise their warrants for cash, regardless of the Market Price fluctuation. As such, the non -managingsponsor investors will be more likely to exchange NMSI private placement warrants if the Market Price is low and as a result, the public shareholders may experience significant dilution. In addition, the ability to exchange NMSI private placement warrants for Class A ordinary shares when the warrants are out of the money may also incentivize non -managingsponsor investors to vote their public shares, if any, in favor of our initial business combination even if the combined company may decline in value and be unprofitable for public shareholders after our initial business combination. Furthermore, in the event that we need to seek the forfeiture, transfer, exchange or amendment of the terms of NMSI private placement warrants in connection with our initial business combination, we will need to obtain the consent of the holders, directly or indirectly (as a result of their ownership in membership interests of the sponsor), of a majority of the NMSI private placement warrants. If we are unable to obtain such consent, our ability to complete our initial business combination may be negatively impacted. For a discussion of the terms of the NMSI private placement warrants, see “Summary — The Offering — NMSI Private Placement Warrants.” Except as described above, the non -managingsponsor investors are not granted any shareholder or other rights in addition to those afforded to our other public shareholders, and will only be issued membership interests in the sponsor, with no right to control the sponsor or vote or dispose of any securities held by the sponsor, including the founder shares and the private placement warrants held by the sponsor. Further, the non -managingsponsor investors are not required to (i) hold any units, Class A ordinary shares or public warrants they may purchase in this offering or thereafter for any amount of time, (ii) vote any Class A ordinary shares they may own