Dune Acquisition Corp II’s Lock-Up Period Will End on November 3rd (NASDAQ:IPODU)

Dune Acquisition Corp II’s (NASDAQ:IPODU) lock-up period is set to end on Monday, November 3rd. Dune Acquisition Corp II had issued 12,500,000 shares in its IPO on May 7th. The total size of the offering was $125,000,000 based on an initial share price of $10.00. After the expiration of the company’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Dune Acquisition Corp II Stock Performance

Dune Acquisition Corp II stock opened at $10.35 on Monday. Dune Acquisition Corp II has a 12 month low of $10.00 and a 12 month high of $10.35. The company has a 50 day moving average price of $10.23.

Hedge Funds Weigh In On Dune Acquisition Corp II

Institutional investors and hedge funds have recently made changes to their positions in the company. JPMorgan Chase & Co. acquired a new position in shares of Dune Acquisition Corp II in the second quarter valued at approximately $153,000. Clear Street LLC bought a new stake in shares of Dune Acquisition Corp II in the second quarter valued at approximately $3,820,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Dune Acquisition Corp II in the second quarter valued at approximately $4,009,000. LMR Partners LLP bought a new stake in shares of Dune Acquisition Corp II in the second quarter valued at approximately $4,080,000. Finally, TENOR CAPITAL MANAGEMENT Co. L.P. bought a new stake in shares of Dune Acquisition Corp II in the second quarter valued at approximately $10,200,000.

Dune Acquisition Corp II Company Profile

We are a blank check company incorporated as a Cayman Islands exempted company and incorporated for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.