Dune Acquisition Corporation II Announces Pricing of $125 Million Initial Public Offering
Rhea-AI Summary
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.
Positive
- Initial offering size of $125 million demonstrates significant capital raising capability
- Strategic focus on high-growth sectors including SaaS, AI, medtech, and asset management
- Listing on major exchange (Nasdaq) provides strong visibility and trading liquidity
Negative
- No specific target company identified yet for business combination
- Investors face uncertainty until a merger target is identified
- Risk of capital return if no business combination is completed within specified timeframe
Insights
Dune Acquisition Corporation II priced its $125M SPAC IPO targeting tech and medtech sectors, with units trading May 7 on Nasdaq under IPODU.
Dune Acquisition Corporation II has priced its initial public offering at
Each unit contains one Class A ordinary share and three-quarters of one redeemable warrant. The warrant entitles holders to purchase a share at
The units will begin trading on May 7, 2025, under the symbol "IPODU" on the Nasdaq Global Market, with the IPO expected to close on May 8, 2025. Following this period, the Class A shares and warrants will eventually trade separately under "IPOD" and "IPODW" respectively.
Led by CEO Carter Glatt, the company has defined its target acquisition sectors as software as a service, artificial intelligence, medtech, or asset management and consultancy - all areas experiencing significant innovation and growth potential in today's market.
Clear Street is serving as the sole book-runner for this offering. The underwriter has been granted a 45-day option to purchase up to an additional 1,875,000 units to cover potential over-allotments, which could increase the total offering size to approximately
This announcement represents the pricing stage of the IPO process, with the actual launch of trading scheduled for the following day. As with all SPACs, investors should understand that this investment vehicle initially has no operating business and its ultimate value will depend entirely on management's ability to identify and execute a business combination within their target sectors.
NEW YORK, May 06, 2025 (GLOBE NEWSWIRE) -- Dune Acquisition Corporation II (the “Company”) announced today the pricing of its initial public offering of 12,500,000 units at a price of
Dune Acquisition Corporation II was founded by its Chief Executive Officer, Carter Glatt. The Company is a blank check company whose business purpose is to effect a merger, amalgamation, share capital exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination target in any industry or geographic region, the Company intends to focus its search for an initial business combination on companies within the software as a service, artificial intelligence, medtech or asset management and consultancy sectors.
Clear Street is acting as sole book-runner of the offering. The Company has granted the underwriter a 45-day option to purchase up to an additional 1,875,000 units at the initial public offering price to cover over-allotments, if any.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on May 6, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. When available, copies of the prospectus relating to this offering may be obtained from Clear Street, Attn: Syndicate Department, 150 Greenwich Street, 45th floor, New York, NY 10007, by email at ecm@clearstreet.io, from the SEC website at www.sec.gov.
Cautionary Note Concerning Forward-Looking Statements
This press release contains statements that constitute “forward-looking statements,” including with respect to the initial public offering and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement for the initial public offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
Contact
Carter Glatt
Chief Executive Officer
Dune Acquisition Corporation II
ir@duneacq.com
(917) 742-1904
FAQ
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