NEW YORK, Dec 17, 2020 (GLOBE NEWSWIRE) – Dune Acquisition Corporation (the “Company”) today announced the prices of its first public offering increased by 15,000,000 units at a price of $ 10.00 per unit. The units will be listed on the Nasdaq Capital Market (the “Nasdaq”) and will trade under the ticker symbol “DUNEU” starting on 18 December 2020. Each unit is made up of one division. of Class A common stock and one-half of one redemption. warranty, with each warrant fully feasible to purchase one share of Class A common stock at a price of $ 11.50 per share. Following the securities in which the units commence separate trading, the shares of common stock and Class A securities are expected to be listed on Nasdaq under the symbols “DUNE” and “DUNEW,” respectively. . The offer is expected to close on 22 December 2020.
Dune Acquisition Corporation was founded by their CEO, Carter Glatt. The Company is a blank check company that focuses on mergers, capital stock exchanges, fundraising, stock purchases, reorganisations or business mixes similar to one or more businesses. While the Company may pursue an original business mix target in any industry or geographic area, the Company intends to focus its study for original business mix on companies within the technology sector, to especially companies that follow software as a service, or SaaS.
Tha Cantor Fitzgerald & Co. working as one book runner and Needham & Company as co-manager of the offer. The Company has given subscribers a 45-day option to purchase up to an additional 2,250,000 units at the first public offering price to cover excess lots, if any.
A registration statement related to these securities was effectively announced by the U.S. Securities and Exchange Commission (“SEC”) on December 17, 2020. This press release shall not constitute an offer to sell or solicit an offer to purchase, and the sale of such securities shall not, therefore, be in any state or jurisdiction in which such offer, application or sale would be unlawful prior to registration or certification under the laws of any state security or jurisdiction .
The offer is made only by brochure. When available, copies of the brochure associated with this offer can be obtained from Cantor Fitzgerald & Co., Note: Capital Markets, 499 Avenue Avenue, 5th Floor, New, York, New York 10022 or post- d at [email protected].
Warning note for forward-looking statements
This press release contains statements that make up “forward-looking statements,” including the initial public offering and the discovery of an original business mix. No guarantee can be given that the offer discussed above will be completed in accordance with the conditions described, or at all, or that the result of the offer will be used as indicated. Forward-looking statements are subject to a number of conditions, many of which are beyond the Company’s control, including those described in the risk factors section of a registration statement. of the Company for the first public offering registered with the SEC. Copies are available on the SEC website, www.sec.gov. The Company assumes no responsibility to update these statements for revisions or alterations after the date of this press release, except as required by law.
Contact
Carter Glatt
Chief Executive
Docan Construction Corporation
[email protected]
(917) 742-1904