Dune Acquisition Corp
Completed 2023-12-21- CIK 1817232
- DUNE
- Now HGAS
- IPO 2020-12-21
- $12.1M trust
- 206 filings
Successfully merged with Global Hydrogen Energy LLC • Now trading as HGAS
- IPO Size
- $173M
- raised at the IPO
- Trust
- $12.1M
- as of 2023-09-30
- Current Status
- Completed
- from its latest filing
- IPO Year
- 2020
- year it listed
Filings, by quarter
206 filings over 25 quarters; violet bars carry a milestone
- 20 Q3: 2 filings
- 20 Q4: 14 filings
- 21 Q1: 6 filings
- 21 Q2: 5 filings
- 21 Q3: 5 filings
- 21 Q4: 18 filings
- 22 Q1: 13 filings
- 22 Q2: 12 filings
- 22 Q3: 6 filings
- 22 Q4: 2 filings
- 23 Q1: 10 filings
- 23 Q2: 13 filings
- 23 Q3: 18 filings
- 23 Q4: 25 filings
- 24 Q1: 14 filings
- 24 Q2: 6 filings
- 24 Q3: 2 filings
- 24 Q4: 10 filings
- 25 Q1: 3 filings
- 25 Q2: 3 filings
- 25 Q3: 7 filings
- 25 Q4: 6 filings
- 26 Q1: 2 filings
- 26 Q2: 3 filings
- 26 Q3: 1 filing
- S-1 filed 20 Q3
- IPO 20 Q4
- Definitive agreement 23 Q2
- Completed 23 Q4
SPAC Overview
Where it stands on the road from S-1 to merger
Timeline Progress
About
Dune Acquisition Corporation is a blank-check company seeking an initial business combination. It intends to focus on technology, particularly SaaS and financial technology opportunities, with target enterprise values of $300 million to $1 billion.
Investment Focus
Technology, Software, FinTech
Key Information
As the filings state it
- IPO Date
- 2020-12-21
- Total Redemptions
- $168M
- Jurisdiction of Incorporation
- Delaware
- SIC
- 6770
- Completion Date
- 2023-12-21
- Merger Target
- Global Hydrogen Energy LLC
- SPAC Ticker
- DUNE
- Merged Ticker
- HGAS
Stock Performance
HGASTrading symbol, and its price at each step since the first trade
| Point | Date | Price | Move |
|---|---|---|---|
| First Trade | 2023-12-22 | $4.50 | |
| 6 Months Post-Merger | 2024-06-24 | $0.98 | -83% |
| 1 Year Post-Merger | 2024-12-23 | $0.19 | -97% |
| 2 Years Post-Merger | 2025-12-22 | $0.07 | -99% |
| Current Price | 2026-10-02 | $0.07 | -98% |
SPAC Team
The banks on its IPO, and the team as the filings describe it
Underwriters
Extended Team Information
Led by Carter Glatt, a SaaS/SPAC executive and investor with investment-banking and private-equity experience, and Michael Castaldy, an experienced portfolio manager and SPAC investor. Its board also includes William Nance, Igor Fuks, and Jeron Smith, bringing backgrounds in business development, investments, finance, media, and marketing.