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Dune Acquisition Corporation II has successfully completed its initial public offering (IPO), raising $143.75 million through the sale of 14,375,000 units at $10.00 per unit. Each unit comprises one Class A ordinary share and three-quarters of one redeemable warrant, with whole warrants exercisable at $11.50 per share.
The units began trading on the Nasdaq Global Market under the 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.
