Dune Acquisition Corporation II Announces $125 Million IPO

Deal News | May 06, 2025 | EIN

Dune Acquisition Corporation II Announces $125 Million IPO

Dune Acquisition Corporation II has announced the pricing of its initial public offering (IPO) at $125 million, with each unit priced at $10. The offering includes 12,500,000 units, each consisting of one Class A ordinary share and three-quarters of one redeemable warrant. The company, founded by CEO Carter Glatt, is a blank check company with a focus on mergers, acquisitions, and similar transactions primarily in the software as a service, artificial intelligence, medtech, or asset management and consultancy sectors. The units are set to begin trading on Nasdaq under the symbol IPODU, with Class A shares and warrants to trade separately as IPOD and IPODW, respectively. Clear Street is acting as the sole book-runner. The IPO is expected to close on May 8, 2025.

Sectors

  • Finance
  • Technology

Geography

  • United States – The IPO is taking place on Nasdaq, a U.S.-based stock exchange, and involves a company operating under U.S. jurisdiction.

Industry

  • Finance – The announcement pertains to an Initial Public Offering, a key financial event involving the issuance of company shares in a public market.
  • Technology – Dune Acquisition Corporation II intends to pursue business combinations in technology-centric sectors including software as a service and artificial intelligence.

Financials

  • $125 million – The total raised through the initial public offering of Dune Acquisition Corporation II.
  • $10.00 per unit – The pricing of each unit in the IPO.
  • $11.50 per share – Exercise price for the warrants included in the IPO units.

Participants

NameRoleTypeDescription
Dune Acquisition Corporation IIIssuing CompanyCompanyA blank check company founded by Carter Glatt, aiming to acquire companies in sectors like SaaS and AI.
Carter GlattChief Executive OfficerPersonFounder and CEO of Dune Acquisition Corporation II, guiding the company's strategic direction.
Clear StreetUnderwriterCompanyActing as the sole book-runner for Dune Acquisition Corporation II's IPO.