Dune Acquisition Corporation II Announces Closing of $143,750,000 Initial Public Offering
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.
Dune Acquisition Corporation II ha completato con successo la sua offerta pubblica iniziale (IPO), raccogliendo 143,75 milioni di dollari tramite la vendita di 14.375.000 unità a 10,00 dollari per unità. 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.
Le unità hanno iniziato a essere negoziate sul Nasdaq Global Market con il simbolo IPODU il 7 maggio 2025. La società, guidata dall’amministratore delegato Carter Glatt, è una blank check company che si concentra su potenziali combinazioni aziendali nei settori del software as a service, intelligenza artificiale, tecnologia medica o gestione patrimoniale e consulenza. Clear Street ha agito come unico book-runner dell’offerta.
Dune Acquisition Corporation II ha completado con éxito su oferta pública inicial (OPI), recaudando 143,75 millones de dólares mediante la venta de 14.375.000 unidades a 10,00 dólares por unidad. Cada unidad incluye una acción ordinaria Clase A y tres cuartos de un warrant redimible, con warrants completos ejercitables a 11,50 dólares por acción.
Las unidades comenzaron a cotizar en el Nasdaq Global Market bajo el símbolo IPODU el 7 de mayo de 2025. La compañía, dirigida por el CEO Carter Glatt, es una empresa de cheque en blanco enfocada en posibles combinaciones comerciales en los sectores de software como servicio, inteligencia artificial, tecnología médica o gestión de activos y consultoría. Clear Street actuó como único book-runner de la oferta.
Dune Acquisition Corporation II가 성공적으로 기업공개(IPO)를 완료하여, 1,437만 5,000 단위를 단위당 10.00달러에 판매하여 1억 4,375만 달러를 조달했습니다. 각 단위는 클래스 A 보통주 1주와 3/4의 상환 가능한 워런트로 구성되며, 전체 워런트는 주당 11.50달러에 행사할 수 있습니다.
이 단위들은 2025년 5월 7일 나스닥 글로벌 마켓에서 IPODU 심볼로 거래를 시작했습니다. CEO 카터 글랫이 이끄는 이 회사는 소프트웨어 서비스, 인공지능, 의료기술, 자산 관리 및 컨설팅 분야에서 잠재적 사업 결합에 중점을 둔 블랭크 체크 회사입니다. Clear Street가 단독 북러너로서 이번 공모를 담당했습니다.
Dune Acquisition Corporation II a réussi son introduction en bourse (IPO), levant 143,75 millions de dollars grâce à la vente de 14 375 000 unités au prix de 10,00 dollars par unité. 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.
Les unités ont commencé à être cotées sur le Nasdaq Global Market sous le symbole IPODU le 7 mai 2025. La société, dirigée par le PDG Carter Glatt, est une société à chèque en blanc axée sur des combinaisons d’affaires potentielles dans les secteurs du logiciel en tant que service, intelligence artificielle, technologie médicale ou gestion d’actifs et conseil. Clear Street a agi en tant que seul chef de file pour cette offre.
Dune Acquisition Corporation II hat erfolgreich seinen Börsengang (IPO) abgeschlossen und dabei 143,75 Millionen US-Dollar durch den Verkauf von 14.375.000 Einheiten zu je 10,00 US-Dollar pro Einheit eingenommen. Jede Einheit besteht aus einer Stammaktie der Klasse A und drei Vierteln eines rückzahlbaren Optionsscheins, wobei ganze Optionsscheine zu 11,50 US-Dollar pro Aktie ausgeübt werden können.
Die Einheiten wurden am 7. Mai 2025 unter dem Symbol IPODU am Nasdaq Global Market zum Handel zugelassen. Das von CEO Carter Glatt geführte Unternehmen ist eine Blankoscheckgesellschaft, die sich auf potenzielle Unternehmenszusammenschlüsse in den Bereichen Software as a Service, Künstliche Intelligenz, Medizintechnik oder Vermögensverwaltung und Beratung konzentriert. Clear Street fungierte als alleiniger Bookrunner des Angebots.
- Successfully raised $143.75 million in IPO proceeds
- Full exercise of underwriters' over-allotment option indicates strong demand
- Strategic focus on high-growth sectors including SaaS, AI, and medtech
- Trading on major exchange (Nasdaq Global Market)
- No specific acquisition target identified yet
- Blank check company structure carries inherent investment risks
- Time-limited nature to complete a business combination
- Potential dilution from warrant exercises
Insights
Dune Acquisition Corporation II completed a $143.75M SPAC IPO, creating a blank check company targeting SaaS, AI, medtech or asset management acquisitions.
Dune Acquisition Corporation II has successfully completed its initial public offering (IPO), raising
The company is structured as a special purpose acquisition company (SPAC), also known as a blank check company. Its sole purpose is to identify and merge with a private business, effectively bringing that company public without the traditional IPO process. Dune's specific focus areas include software as a service (SaaS), artificial intelligence, medtech, and asset management/consultancy sectors - all high-growth technology and financial sectors.
Each unit sold in the IPO consists of one Class A ordinary share and three-quarters of one redeemable warrant. These warrants provide additional potential value, as each whole warrant allows the holder to purchase a Class A ordinary share at
Clear Street served as the sole book-runner for the offering, handling the distribution of units to investors. The units are currently trading on the Nasdaq Global Market under "IPODU," but will eventually split with the shares and warrants trading separately under "IPOD" and "IPODW" tickers.
Led by CEO Carter Glatt, Dune Acquisition Corporation II now has approximately 18-24 months to identify and complete a business combination, which is the standard timeline for SPACs. The
NEW YORK, May 08, 2025 (GLOBE NEWSWIRE) -- Dune Acquisition Corporation II (the “Company”) announced today the closing of its initial public offering of 14,375,000 units, including the exercise in full of the underwriters’ over-allotment option. The offering was priced at
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 acted as sole book-runner of the offering.
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 was 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 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
