Company: IPODW
Filing Date: 2025-04-29
Form Type: S-1/A
Source: 0001213900-25-036656
Chunk: 98

Company: Dune Acquisition Corp II
Filing Date: 2025-04-29
Form: S-1/A
Chunk 98
---
.00 per warrant ($1,000,000 in the aggregate), representing approximately 53.2% (or 50.0% if the over -allotmentoption is exercised in full) of the private placement warrants to be purchased by the sponsor, in a private placement that will close simultaneously with the closing of this offering. Subject to each non -managingsponsor investor indirectly purchasing, through our sponsor, the private placement warrants allocated to it, sponsor will issue membership interests at a nominal purchase price of approximately $0.001 to the non -managingsponsor investors reflecting interests in an aggregate of 1,000,000 founder shares held by sponsor. If we do not complete our initial business combination within 15 months from the closing of this offering, the proceeds of the sale of the private placement units and restricted Class A shares held in the trust account will be used to fund the redemption of our public shares, and the private placement units will expire worthless. 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 at the applicable time in favor of our initial business combination or (iii) refrain from exercising their right to redeem their public shares at the time of our initial business combination. The non -managingsponsor investors will have the same rights to the funds held in the trust account with respect to the Class A ordinary shares underlying the units they may purchase in this offering as the rights afforded to our other public shareholders. If the non -managingsponsor investors hold a substantial number of our units, then the non -managingsponsor investors will potentially have different interests than our other public shareholders in approving our initial business combination and otherwise exercising their rights as public shareholders because of their indirect ownership of founder shares as further discussed in this prospectus. The non -managingsponsor investors will share in any appreciation of the founder shares through their membership interests in sponsor if we successfully complete a business combination. Accordingly, non -managingsponsor investors’ interests in the founder shares owned by them indirectly through their membership interests in sponsor may provide them with an incentive to vote any public shares they own in favor of a business combination, and make a substantial profit on such interests, even if the business combination is with a target that ultimately declines in value and is not profitable for other public shareholders. Furthermore, so long as the N