Dune Acquisition Corp II (NASDAQ:IPODW) Shares Down 5.6% – Here’s What Happened

Dune Acquisition Corp II (NASDAQ:IPODW) shares were down 5.6% during mid-day trading on Thursday . The company traded as low as $0.3399 and last traded at $0.3399. Approximately 245,948 shares changed hands during mid-day trading, an increase of 317% from the average daily volume of 59,025 shares. The stock had previously closed at $0.36.

Dune Acquisition Corp II Trading Down 5.6%

About Dune Acquisition Corp II

Dune Acquisition Corp II is a special purpose acquisition company (SPAC) formed to raise capital through a public offering for the purpose of effecting a business combination with one or more operating businesses. As a blank-check company, it does not operate an underlying business of its own but instead seeks to identify and merge with a private company, providing that company access to public markets and capital through the combination.

The Nasdaq symbol IPODW represents the publicly traded warrants associated with the company’s offering.