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Dune Acquisition Corporation II has successfully completed its initial public offering (IPO) of 14,375,000 units at $10.00 per unit, raising gross proceeds of $143.75 million. Each unit comprises one Class A ordinary share and three-quarters of one redeemable warrant, with whole warrants exercisable at $11.50 per share.
Trading commenced on Nasdaq Global Market under symbol IPODU on May 7, 2025. The company, led by CEO Carter Glatt, is a blank check company focusing on potential business combinations in software as a service, artificial intelligence, medtech or asset management and consultancy sectors. Clear Street served as the sole book-runner for the offering.
Dune Acquisition Corporation II has announced the pricing of its $125 million initial public offering, consisting of 12,500,000 units at $10.00 per unit. The units will trade on Nasdaq under IPODU starting May 7, 2025. Each unit includes one Class A ordinary share and three-quarters of one redeemable warrant, with whole warrants exercisable at $11.50 per share.
Led by CEO Carter Glatt, the blank check company aims to merge or combine with businesses focusing on software as a service, artificial intelligence, medtech or asset management and consultancy sectors. Clear Street is serving as the sole book-runner, with a 45-day option to purchase up to 1,875,000 additional units. The offering is expected to close on May 8, 2025.
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