Here are the 10-Q quarterly reports from Dune Acquisition Corporation II (IPOD) in our archive since June 2025, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 10-Q covers the quarterly report filed between annual reports, so if you follow IPOD and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full IPOD filings page.
Collective Acquisition Corp., a SPAC, reported Q1 2026 net income of $714,594, mainly from $1,300,569 of interest on marketable securities in its Trust Account, partially offset by $585,975 of formation and general and administrative costs.
Assets in the Trust Account reached $149,211,344, while cash outside the trust was $84,207 with a working capital surplus of $114,632. The company discloses that its liquidity position raises substantial doubt about its ability to continue as a going concern and plans to resolve this by completing a Business Combination within its specified completion window. During the quarter, a new sponsor acquired 4,475,000 Class B shares and 1,000,000 private placement warrants, and Elliot Richmond became CEO, CFO and later board chair, with a refreshed board.
Dune Acquisition Corporation II, a SPAC trading as IPOD, reported net income of $1.3 million for the quarter and $2.0 million for the nine months ended September 30, 2025, driven almost entirely by $2.4 million of interest earned on funds held in its trust account. Operating activity remains limited, with formation and general and administrative costs of $179,282 for the quarter and $339,821 year-to-date.
The company completed its IPO on May 8, 2025, selling 14,375,000 units at $10.00 per unit and 2,000,000 private placement warrants, and placed $144.1 million into a trust account that had grown to $146.5 million by September 30, 2025. Outside the trust, cash totaled $401,902 with a working capital surplus of $401,633, while shareholders’ deficit was $5.3 million, largely due to accretion of Class A shares to redemption value and a $5.75 million deferred underwriting fee.
Management discloses that the company’s liquidity position and limited operating cash raise substantial doubt about its ability to continue as a going concern within one year after the financial statements are issued, and indicates plans to address this through completing a business combination or obtaining additional financing.