Dune Acquisition Corporation II Announces Pricing of $125 Million Initial Public 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.
Dune Acquisition Corporation II ha annunciato il prezzo della sua offerta pubblica iniziale da 125 milioni di dollari, composta da 12.500.000 unità a 10,00 dollari ciascuna. Le unità saranno quotate al Nasdaq con il simbolo IPODU a partire dal 7 maggio 2025. Ogni unità comprende una azione ordinaria di Classe A e tre quarti di un warrant rimborsabile, con warrant interi esercitabili a 11,50 dollari per azione.
Guidata dall'amministratore delegato Carter Glatt, la società blank check mira a fondersi o combinarsi con imprese focalizzate su software come servizio, intelligenza artificiale, tecnologia medica o settori della gestione patrimoniale e consulenza. Clear Street è il bookrunner unico, con un'opzione di 45 giorni per acquistare fino a 1.875.000 unità aggiuntive. La chiusura dell'offerta è prevista per l'8 maggio 2025.
Dune Acquisition Corporation II ha anunciado el precio de su oferta pública inicial de 125 millones de dólares, que consiste en 12.500.000 unidades a 10,00 dólares cada una. Las unidades se negociarán en Nasdaq bajo el símbolo IPODU a partir del 7 de mayo de 2025. Cada unidad incluye una acción ordinaria Clase A y tres cuartos de un warrant redimible, con warrants enteros ejercitables a 11,50 dólares por acción.
Dirigida por el CEO Carter Glatt, la compañía de cheque en blanco tiene como objetivo fusionarse o combinarse con empresas enfocadas en software como servicio, inteligencia artificial, tecnología médica o sectores de gestión de activos y consultoría. Clear Street actúa como el único bookrunner, con una opción de 45 días para comprar hasta 1.875.000 unidades adicionales. Se espera que la oferta cierre el 8 de mayo de 2025.
Dune Acquisition Corporation II는 1억 2,500만 달러 규모의 기업공개(IPO) 가격을 발표했습니다. 총 1,250만 단위가 단위당 10.00달러에 판매됩니다. 이 단위들은 2025년 5월 7일부터 나스닥에서 IPODU라는 티커로 거래될 예정입니다. 각 단위는 클래스 A 보통주 1주와 3/4의 상환 가능한 워런트 1장을 포함하며, 전체 워런트는 주당 11.50달러에 행사할 수 있습니다.
CEO 카터 글랫이 이끄는 이 블랭크 체크 회사는 서비스형 소프트웨어, 인공지능, 의료기술, 자산관리 및 컨설팅 분야에 중점을 둔 기업과의 합병 또는 결합을 목표로 하고 있습니다. Clear Street가 단독 북러너로 참여하며, 45일 동안 최대 187만 5천 단위 추가 구매 옵션을 보유하고 있습니다. 공모는 2025년 5월 8일 마감될 예정입니다.
Dune Acquisition Corporation II a annoncé le prix de son offre publique initiale de 125 millions de dollars, composée de 12 500 000 unités à 10,00 dollars chacune. Les unités seront cotées au Nasdaq sous le symbole IPODU à partir du 7 mai 2025. Chaque unité comprend une action ordinaire de classe A et trois quarts d'un bon de souscription remboursable, les bons entiers étant exerçables à 11,50 dollars par action.
Dirigée par le PDG Carter Glatt, la société à chèque en blanc vise à fusionner ou à s'associer avec des entreprises axées sur le logiciel en tant que service, l'intelligence artificielle, la technologie médicale ou les secteurs de la gestion d'actifs et du conseil. Clear Street agit en tant que teneur de livre unique, avec une option de 45 jours pour acheter jusqu'à 1 875 000 unités supplémentaires. La clôture de l'offre est prévue pour le 8 mai 2025.
Dune Acquisition Corporation II hat die Preisfestsetzung für sein 125 Millionen US-Dollar umfassendes Initial Public Offering (IPO) bekannt gegeben, das aus 12.500.000 Einheiten zu je 10,00 US-Dollar besteht. Die Einheiten werden ab dem 7. Mai 2025 unter dem Tickersymbol IPODU an der Nasdaq gehandelt. Jede Einheit enthält eine Stammaktie der Klasse A und drei Viertel eines rückzahlbaren Optionsscheins, wobei ganze Optionsscheine zu einem Ausübungspreis von 11,50 US-Dollar pro Aktie ausgeübt werden können.
Unter der Leitung von CEO Carter Glatt strebt das Blank-Check-Unternehmen eine Fusion oder Kombination mit Unternehmen an, die sich auf Software as a Service, Künstliche Intelligenz, Medizintechnik oder Vermögensverwaltung und Beratungssektoren konzentrieren. Clear Street fungiert als alleiniger Bookrunner mit einer 45-tägigen Option zum Kauf von bis zu 1.875.000 zusätzlichen Einheiten. Der Abschluss des Angebots wird für den 8. Mai 2025 erwartet.
- 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
- 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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