Company: IPODW
Filing Date: 2025-08-11
Form Type: 10-Q
Source: 0001213900-25-074296
Chunk: 93

Company: Dune Acquisition Corp II
Filing Date: 2025-08-11
Form: 10-Q
Item: Part II, Item 2
Chunk 93
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On May 8, 2025, we consummated the Initial Public
Offering of 14,375,000 Units, which included the full exercise by the underwriters of their over-allotment option in the amount of 1,875,000
Units. The Units were sold at an offering price of $10.00 per unit, generating total gross proceeds of $143,750,000. Clear Street LLC.
acted as sole book-running manager of the Initial Public Offering. The securities in the offering were registered under the Securities
Act on registration statement on Form S-1 (No. 333-285639). The Securities and Exchange Commission declared the registration statements
effective on May 6, 2025.

Simultaneous with the closing of the Initial
Public Offering, the Sponsor consummated the private placement of an aggregate of 2,000,000 Private Placement Warrants at a price of
$1.00 per warrant, generating total proceeds of $2,000,000. Each whole warrant entitles the registered holder to purchase one Class A
ordinary share at a price of $11.50, subject to adjustment. The issuance was made pursuant to the exemption from registration contained
in Section 4(a)(2) of the Securities Act.

The Private Placement Warrants are identical
to the Public Warrants sold in the Initial Public Offering except that, so long as they are held by the Sponsor, the underwriters, or
their permitted transferees, the Private Placement Warrants (i) may not (including the Class A ordinary shares issuable upon
exercise of these Private Placement Warrants), subject to certain limited exceptions, be transferred, assigned or sold by the holders
until 30 days after the completion of the initial Business Combination and (ii) will be entitled to registration rights.

Of the gross proceeds received from the Initial
Public Offering, the full exercise of the over-allotment option and the Private Placement Units, an aggregate of $144,109,375 ($10.025
per Unit) was placed in the Trust Account.

Transaction costs amounted to $6,637,469, consisting
of $550,000 of cash underwriting fees, $5,750,000 of deferred underwriting fees and $337,469 of other offering costs.

For a description of the use of the proceeds
generated in our Initial Public Offering, see Part I, Item 2 of this Form 10-Q.

Item 3. Defaults Upon