Company: IPODW
Filing Date: 2025-03-25
Form Type: S-1/A
Source: 0001013762-25-002292
Chunk: 268

Company: Dune Acquisition Corp II
Filing Date: 2025-03-25
Form: S-1/A
Chunk 268
---
 respect to any amendment to the terms of the private placement warrants or working capital warrants (including, for the avoidance of doubt, the forfeiture or cancellation of any private placement warrants or working capital warrants). All other modifications or amendments require the vote or written consent the holders of at least 50% of the then -outstandingpublic warrants. In order to fund working capital deficiencies or finance transaction costs in connection with an intended initial business combination, our sponsor or an affiliate of our sponsor or certain of our officers and directors may, but are not obligated to, loan us funds as may be required. If we complete our initial business combination, we would repay such loaned amounts. In the event that our initial business combination does not close, we may use amounts held outside the trust account to repay such loaned amounts but no proceeds from our trust account would be used for such repayment. Up to $1,500,000 of such loans may be convertible into working capital warrants of the post business combination entity at a price of $1.00 per warrant at the option of the lender. Such working capital warrants would be identical to the private placement warrants. NMSI Private Placement Warrants 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 investors 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