Company: IPODW
Filing Date: 2025-04-29
Form Type: S-1/A
Source: 0001213900-25-036656
Chunk: 7

Company: Dune Acquisition Corp II
Filing Date: 2025-04-29
Form: S-1/A
Chunk 7
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, 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 -managingsponsor members. In addition, the purchase of the units in this offering by the non -managingsponsor investors will not be conditioned on the purchase of the non -managingsponsor member interests by such investors. The NMSI private placement warrants shall be identical to the other private placement warrants, except that, so long as the NMSI private placement warrants are held, directly (upon distribution of the NMSI private placement warrants to non -managingsponsor investors by sponsor following the closing of our initial business combination) or indirectly (as a result of their ownership in membership interests of the sponsor), by non -managingsponsor investors, (i) the NMSI private placement warrants will be non -redeemable; (ii) the NMSI private placement warrants will not be subject to any forfeiture, transfer, exchange or amendment of the terms in connection with the business combination without the consent of the holders of the sponsor membership interest representing a majority of the NMSI private placement warrants; and (iii) on the one -yearanniversary of the closing date of our initial business combination, each non -managingsponsor investor shall have the right, but not the obligation, to exchange any of its NMSI private placement warrants for a number of Class A ordinary shares equal to the quotient obtained by dividing (x) $0.50, by (y) the Market Price (as defined below) of the Class A ordinary shares as of the date of such exchange, subject to a cap of ¼ (one -quarter) of a Class A ordinary share per NMSI private placement warrant. By way of illustration, if a non -managingsponsor investor makes an exchange of NMSI private placement warrants, and if the Market Price of the Class A ordinary shares as of the date of such exchange is $4.00 per Class A ordinary share, then the non -managingsponsor investor would receive 1/8 (one -eighth) of