Company: IPODW
Filing Date: 2025-03-07
Form Type: S-1
Source: 0001213900-25-021721
Chunk: 144

Company: Dune Acquisition Corp II
Filing Date: 2025-03-07
Form: S-1
Chunk 144
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 which the warrants were offered by us in this offering. Redemption of the outstanding warrants could force you to (i) exercise your warrants and pay the exercise price therefor at a time when it may be disadvantageous for you to do so, (ii) sell your warrants at the then -currentmarket price when you might otherwise wish to hold your warrants or (iii) accept the nominal redemption price which, at the time the outstanding warrants are called for redemption, is likely to be substantially less than the market value of your warrants. Our warrants and founder shares may have an adverse effect on the market price of our Class A ordinary shares and make it more difficult to effectuate our initial business combination. We will be issuing warrants to purchase 11,250,000 of our Class A ordinary shares (or up to 12,937,500 Class A ordinary shares if the underwriters’ over -allotmentoption is exercised in full) as part of the units offered by this prospectus and, simultaneously with the closing of this offering, we will be issuing in a private placement an aggregate of 1,880,000 private placement warrants (or 2,000,000 warrants if the underwriters’ over -allotmentoption is exercised in full) at $1.00 per warrant. Our sponsor currently holds 6,900,000 Class B ordinary shares (up to 900,000 of which are subject to forfeiture depending on the extent to which the underwriter’s over -allotmentoption is exercised). The Class B ordinary shares are convertible into Class A ordinary shares on a one -for -onebasis, subject to adjustment as set forth herein. In addition, if the sponsor makes any working capital loans, it may convert those loans into up to an additional 1,500,000 private placement warrants, at the price of $1.00 per warrant. To the extent we issue ordinary shares to effectuate a business transaction, the potential for the issuance of a substantial number of additional Class A ordinary shares upon exercise of these warrants could make us a less attractive acquisition vehicle to a target business. Such warrants, when exercised, will increase the number of issued and outstanding Class A ordinary shares and reduce the value of the Class A ordinary shares issued to complete the business transaction. Therefore, our warrants and founder shares may make it more difficult to effectuate a business transaction or increase the cost of acquiring the target business. Because each unit contains three-quarters of one warrant and only a whole warrant may be exercised, the units may be worth