Company: IPODW
Filing Date: 2025-03-25
Form Type: S-1/A
Source: 0001013762-25-002292
Chunk: 11

Company: Dune Acquisition Corp II
Filing Date: 2025-03-25
Form: S-1/A
Chunk 11
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substantial dilution from the purchase of our Class A ordinary shares”, “Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination — We may issue additional Class A ordinary shares or preference shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. We may also issue Class A ordinary shares upon the conversion of the founder shares at a ratio greater than one -to -one at the time of our initial business combination as a result of the anti -dilution provisions contained therein. Any such issuances would dilute the interest of our shareholders and likely present other risks” and “— Unlike some other similarly structured special purpose acquisition companies, our initial shareholders will receive additional Class A ordinary shares if we issue certain shares to consummate an initial business combination in order to provide anti -dilution protection to our initial shareholders”. The following table illustrates the difference between the public offering price and our net tangible book value (NTBV), as adjusted to give effect to this offering and to redemptions of our public shares at varying levels, assuming the full exercise and no exercise of the over -allotmentoption. See the sections titled “Prospectus Summary — Dilution” and “Dilution” for more information.

| As of December 31, 2024 |                                                 |     |                |      |     |            |      |     |                |      |     |            |      |     |                |      |     |            |      |     |               |      |     |            |      |
|:------------------------|------------------------------------------------:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:---------------|-----:|:----|:-----------|-----:|:----|:--------------|-----:|:----|:-----------|-----:|
| Offering                
 Price of                
 $10.00                  |                                                 |     | 25% of Maximum 
 Redemption     
 (assumes       
 3,750,000 or   
 4,312,500      
 public shares  
 redeemed)      |      |     |            |      |     | 50% of Maximum 
 Redemption     
 (assumes       
 7,500,000 or   
 8,625,000      
 public shares  
 redeemed)      |      |     |            |      |     |