Company: IPODW
Filing Date: 2025-03-07
Form Type: S-1
Source: 0001213900-25-021721
Chunk: 4

Company: Dune Acquisition Corp II
Filing Date: 2025-03-07
Form: S-1
Chunk 4
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), payable to the underwriters in this offering, for deferred underwriting commissions to be placed in a trust account located in the United States and released to the underwriters only upon the completion of an initial business combination, but such $0.40 per unit shall be due solely on amounts remaining in the trust account following all properly submitted shareholder redemptions in connection with the consummation of our initial business

combination. In addition, we have agreed to issue to the representative of the underwriters or its designee an aggregate of 112,500 Class A ordinary shares (or up to 129,375 Class A ordinary shares if the underwriters’ over -allotmentoption is exercised in full), which we refer to herein as the “representative shares”, as part of representative compensation, which will be issued upon the consummation of this offering. See also “Underwriting” for additional information regarding underwriting compensation. Of the proceeds we receive from this offering and the sale of the private placement warrants described in this prospectus, $150.0 million, or $172.5 million if the underwriters’ overallotment option is exercised in full ($10.00 per unit in either case), will be placed into a U.S. -basedtrust account with Continental Stock Transfer & Trust Company acting as trustee. Our sponsor, Dune Acquisition Holdings II LLC, currently holds an aggregate of 6,900,000 Class B ordinary shares (up to 900,000 of which are subject to forfeiture by the holders thereof depending on the extent to which the underwriter’s over -allotmentoption is exercised) for an aggregate purchase price of $25,000, or approximately $0.004 per share. The Class B ordinary shares will automatically convert into Class A ordinary shares at the time of our initial business combination, or at any time prior thereto at the option of the holder thereof, on a one -for -onebasis, subject to adjustment as provided herein. In the case that additional Class A ordinary shares, or equity -linkedsecurities (as described herein), are issued or deemed issued in excess of the amounts issued in this offering and related to the closing of our initial business combination, the ratio at which the Class B ordinary shares will convert into Class A ordinary shares will be adjusted (unless the holders of a majority of the issued and outstanding Class B ordinary shares agree to waive such anti -dilutionadjustment with respect to any such issuance or deemed issuance) so that the number of Class A ordinary shares