Appleby Advises on Dune Acquisition Corporation II USD143M Initial Public Offering
Appleby are pleased to have acted as Cayman Islands counsel for Dune Acquisition Corporation II (NASDAQ: IPODU) (the Company), alongside Edelman Legal Advisory PLLC, in its initial public offering (IPO) of 14,375,000 units, including the exercise in full of the underwriters’ over-allotment option. The offering was priced at $10.00 per unit, resulting in gross proceeds of $143,750,000.
The Company’s units are listed on the Nasdaq Global Market (the Nasdaq) and commenced trading under the ticker symbol “IPODU” on May 7, 2025. Each unit consists of one Class A ordinary share and three-quarters of one redeemable warrant, with each whole warrant exercisable to purchase one Class A ordinary share at a price of $11.50 per share. After the securities comprising the units begin separate trading, the Class A ordinary shares and warrants are expected to be listed on Nasdaq under the symbols “IPOD” and “IPODW,” respectively.
The Appleby corporate team included Partner Simon Raftopoulos and Counsel Alexandra Low.
