Financial Performance - The company reported a net loss of approximately $1.3 million for the three months ended September 30, 2023, compared to a net loss of approximately $1.4 million for the same period in 2022 [147][148]. - For the nine months ended September 30, 2023, the company had a net loss of approximately $687,000, while for the same period in 2022, it reported a net income of approximately $9.2 million [149][150]. - The company has not generated any operating revenues to date and will only do so after completing its initial business combination [146]. Business Combination - The company extended the deadline to complete a business combination to December 22, 2023, with stockholders redeeming approximately $160.7 million in public shares [132][133]. - The proposed business combination with Global Hydrogen has a reduced share consideration from $57.5 million to $48.0 million [126]. - The business combination is expected to close in the second half of 2023, pending stockholder approval and customary closing conditions [130]. - The company has until December 22, 2023, to consummate a business combination, raising substantial doubt about its ability to continue as a going concern [141][142]. Cash and Investments - As of September 30, 2023, the trust account held $12,080,509 in cash and investments, including approximately $318,000 in interest income [123]. - The company placed $172.5 million in the trust account at the closing of the initial public offering [154]. - As of September 30, 2023, the company had borrowed $20,000 under a promissory note from the Sponsor, which allows for borrowings up to $300,000 [159]. - The company has no borrowings under working capital loans as of September 30, 2023 [158]. Expenses and Costs - The company incurred $10,000 in administrative services expenses for the three months ended September 30, 2023, and $90,000 for the nine months ended September 30, 2023 [160]. - The company expects to incur increased expenses due to being a public company, including legal and financial reporting costs [146]. IPO and Underwriting - The company raised gross proceeds of $172.5 million from its initial public offering, with offering costs of approximately $10.0 million [121]. - The company granted underwriters a 45-day option to purchase up to 2,250,000 additional units at the initial public offering price, resulting in an underwriting discount of $3,450,000 ($0.20 per unit sold) paid at closing [163]. - On December 22, 2020, the company issued 2,250,000 units in connection with the underwriters' full exercise of the over-allotment option [163]. - The company entered into an amendment letter with Cantor Fitzgerald & Co. to waive the Deferred Discount, agreeing to an advisory fee of $3,800,000 [165]. Legal and Settlement - The company received $2.75 million as part of a settlement agreement related to the terminated TradeZero merger agreement [137]. - The company received $2.75 million from a lawsuit settlement in January 2023, which was primarily used to pay accounts payable and expenses [140]. Reporting and Disclosures - As of September 30, 2023, the company reported a working capital deficit of approximately $2.0 million [139]. - As of September 30, 2023, the company reported no off-balance sheet arrangements [167]. - The company is classified as a smaller reporting company and is not required to provide certain market risk disclosures [168].

Financial Performance - The company had a net loss of approximately $558,000 for the three months ended June 30, 2023, with general and administrative expenses totaling approximately $883,000[149]. - For the six months ended June 30, 2023, the company reported a net income of approximately $650,000, primarily from other income of approximately $2.1 million from the write-off of legal fees[151]. - The company had a net income of approximately $4.9 million for the six months ended June 30, 2022, driven by non-operating gains from the change in fair value of derivative warrant liabilities[152]. - The company has incurred approximately $1.1 million in general and administrative expenses for the six months ended June 30, 2023[151]. Business Combination - The company extended the deadline to complete a business combination to December 22, 2023, with stockholders redeeming approximately $160.7 million for public shares[134][136]. - A proposed business combination with Global Hydrogen is expected to close in the second half of 2023, subject to stockholder approval and customary closing conditions[133]. - The business combination with Global Hydrogen involves a valuation of $57.5 million, with shares exchanged based on a defined exchange ratio[132]. - The company plans to liquidate and dissolve if a business combination is not completed by December 22, 2023[127][128]. - The company has until December 22, 2023, to consummate a business combination, raising substantial doubt about its ability to continue as a going concern[144]. Capital and Funding - The company raised gross proceeds of $172.5 million from its initial public offering, with offering costs of approximately $10.0 million[124]. - As of June 30, 2023, the trust account held $11,963,187 in cash and investments, including approximately $143,000 in interest income[126]. - The company had $172.5 million placed in the trust account at the closing of the initial public offering[155]. - The company issued an unsecured promissory note to the Sponsor for borrowings of up to $300,000, which is payable upon the earlier of December 31, 2023, or the completion of the business combination[160]. Legal and Settlement Matters - The company received $2.75 million as part of a settlement agreement related to the terminated TradeZero merger agreement[140]. - The company received $2.75 million from a lawsuit settlement in January 2023, which was used to pay accounts payable and expenses[143]. Stockholder Information - The company has a total of 5,494,554 shares of common stock outstanding after redemptions[136]. - The company is a blank check company formed for the purpose of effecting a business combination with one or more businesses[123]. Operational Status - The company has not generated any operating revenues to date and will not do so until after completing its initial business combination[148]. - The company incurred $30,000 in administrative services expenses for the three months ended June 30, 2023, under an agreement with the Sponsor[161]. - No off-balance sheet arrangements were reported as of June 30, 2023, and December 31, 2022[168]. - The company qualifies as a smaller reporting company and is not required to provide additional market risk disclosures[169].

Financial Position - As of March 31, 2023, the trust account held $11,855,267 in cash and investments, including approximately $34,000 in interest income available for tax obligations [121]. - The company had a working capital deficit of approximately $112,000 as of March 31, 2023, excluding tax obligations of approximately $128,000 [132]. - The company received $2.75 million from a settlement agreement with TradeZero in January 2023, which was primarily used to pay accounts payable and expenses [133]. - Stockholders redeemed approximately $160.7 million worth of public shares during the June 2022 special meeting, leaving approximately $11.8 million in the trust account [126]. - The Company has no borrowings under working capital loans as of March 31, 2023, and December 31, 2022 [148]. - As of March 31, 2023, there were $1,500 due to related parties [150]. Income and Expenses - For the three months ended March 31, 2023, the company reported a net income of approximately $1.2 million, driven by $2.1 million in other income and $93,000 in income from investments, offset by $674,000 in non-operating losses and $197,000 in general and administrative expenses [140]. - The Company incurred $30,000 in administrative services expenses for the three months ended March 31, 2023, under an agreement with the Sponsor [149]. - The company incurred approximately $10.0 million in offering costs during its initial public offering, including $6.0 million in deferred underwriting commissions [119]. Business Operations - The company has not generated any operating revenues to date and will only do so after completing a business combination [139]. - The company has until December 22, 2023, to complete a business combination; otherwise, it will cease operations and liquidate [122]. Tax and Regulatory Matters - The company is subject to a new 1% U.S. federal excise tax on stock repurchases, effective in 2023, which may affect its financial strategies [136]. Shareholder and Equity Information - The Sponsor purchased 3,737,500 Founder Shares for an aggregate price of $25,000, which were converted into 4,312,500 Founder Shares after a stock split [142]. - The private placement of 4,850,000 warrants at $1.00 each generated proceeds of $4,850,000, with $172,500,000 placed in the trust account at the closing of the initial public offering [144]. - The holders of Founder Shares and private placement warrants are entitled to registration rights, allowing them to demand registration for sale under the Securities Act [151]. Other Considerations - The company has been evaluating the impact of the COVID-19 pandemic, but the specific impact remains indeterminate as of the latest reporting date [135]. - The Sponsor agreed to loan up to $200,000 to cover IPO expenses, of which approximately $31,000 was borrowed and fully repaid [147]. - The Company did not have any off-balance sheet arrangements as of March 31, 2023, and December 31, 2022 [156]. - The underwriters exercised their over-allotment option in full, resulting in the issuance of 2,250,000 additional units and an underwriting discount of $3,450,000 [152]. - The Company has not identified any critical accounting estimates that could significantly affect its financial statements [154].

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-39819 DUNE ACQUISITION CORPORATION (Exact Name of Registrant as Specified in Its Charter) (State or Other ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to ___________ Commission File Number 001-39819 DUNE ACQUISITION CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 85- ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to ___________ (Exact Name of Registrant as Specified in Its Charter) Delaware 85-1617911 (State or Other Jurisdiction of Incorporation or Organizati ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2022 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to ___________ Commission File Number 001-39819 DUNE ACQUISITION CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 85-1617 ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to ____________ Commission File Number: 001-39819 DUNE ACQUISITION CORPORATION (Exact Name of Registrant as Specified in Its Charter) (State or Other ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2021 Or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to ___________ Commission File Number 001-39819 DUNE ACQUISITION CORPORATION (Exact Name of Registrant as Specified in Its Charter) Delaware 85- ...

Or UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2021 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from__________ to ___________ Commission File Number 001-39819 DUNE ACQUISITION CORPORATION (Exact Name of Registrant as Specified in Its Charter) | Delaware | 85-1 ...