Dune Acquisition Corp II’s (NASDAQ:IPODU) Quiet Period To Expire on June 16th

Dune Acquisition Corp II’s (NASDAQ:IPODU) quiet period will expire on Monday, June 16th. Dune Acquisition Corp II had issued 12,500,000 shares in its public offering on May 7th. The total size of the offering was $125,000,000 based on an initial share price of $10.00. During the company’s quiet period, underwriters and any insiders that worked on the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the end of the company’s quiet period, it’s expected that the brokerages that served as underwriters on the stock will initiate research coverage on the company.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut Dune Acquisition Corp II from a “hold” rating to a “sell” rating in a research note on Friday, May 30th.

Dune Acquisition Corp II Stock Up 0.2%

Shares of Dune Acquisition Corp II stock opened at $10.14 on Friday. Dune Acquisition Corp II has a one year low of $10.00 and a one year high of $10.24.

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.