UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D)
OF THE SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported): July 20, 2023
Dune Acquisition Corporation
(Exact name of registrant as specified in its charter)
Delaware |
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001-39819 |
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85-1617911 |
(State or other jurisdiction
of
incorporation) |
|
(Commission File Number) |
|
(I.R.S. Employer
Identification
No.) |
700 S. Rosemary Avenue, Suite
204
West Palm Beach, FL |
|
33401 |
(Address of principal executive offices) |
|
(Zip Code) |
(917) 742-1904
(Registrant’s telephone number, including
area code)
Not Applicable
(Former name or former address, if changed since
last report)
Check the appropriate box below if the Form 8-K filing is intended
to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
| ☐ | Written communications pursuant
to Rule 425 under the Securities Act (17 CFR 230.425) |
| ☒ | Soliciting material pursuant to Rule 14a-12 under the Exchange
Act (17 CFR 240.14a-12) |
| ☐ | Pre-commencement communications
pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)) |
| ☐ | Pre-commencement communications
pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act: |
Title of each class |
|
Trading Symbol(s) |
|
Name of each exchange on which registered |
Units, each consisting of one share of Class A common stock and one-half of one redeemable warrant |
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DUNEU |
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The Nasdaq Stock Market LLC |
Class A common stock, par value $0.0001 per share |
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DUNE |
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The Nasdaq Stock Market LLC |
Warrants, each whole warrant exercisable for one share of Class A common stock, each at an exercise price of $11.50 per share |
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DUNEW |
|
The Nasdaq Stock Market LLC |
Indicate by check mark whether the registrant is an emerging growth
company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange
Act of 1934 (§240.12b-2 of this chapter).
Emerging growth company ☒
If an emerging growth company, indicate by check mark if the registrant
has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant
to Section 13(a) of the Exchange Act.
Item 7.01 Regulation FD Disclosure.
On July 20, 2023, Dune Acquisition
Corporation, a Delaware corporation (“Dune”), and Global Hydrogen Energy LLC, a Delaware limited liability company (“Global
Hydrogen”), issued a joint press release (the “Press Release”) announcing that the Brownsville Navigation District (the
“BND”) selected Global Hydrogen as its private hydrogen project development partner in connection with its funding application
under the U.S. Department of Transportation’s (“DOT”) Charging and Fueling Infrastructure Discretionary Grant Program.
Dune previously announced on May 15, 2023 that it had entered into a definitive agreement for a business combination with Global Hydrogen
(the “Business Combination”), which would result in Global Hydrogen becoming a publicly listed company. The Press Release
is attached hereto as Exhibit 99.1 and incorporated by reference herein.
The information in this Item
7.01, including Exhibit 99.1 attached hereto, is furnished and shall not be deemed “filed” for purposes of Section 18 of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”), or otherwise subject to liabilities under that section,
and shall not be deemed to be incorporated by reference into the filings of Dune under the Securities Act of 1933, as amended, or the
Exchange Act, regardless of any general incorporation language in such filings. This Current Report on Form 8-K will not be deemed an
admission as to the materiality of any information contained in this Item 7.01, including Exhibit 99.1 attached hereto.
Additional Information and Where to Find
It
The Business Combination will
be submitted to Dune’s stockholders for their consideration. On July 17, 2023, Dune filed with the Securities and Exchange Commission
(the “SEC”) a revised preliminary proxy statement (the “Revised Preliminary Proxy Statement”) in connection with
the proposed Business Combination. This document does not contain all the information that should be considered in regard to the proposed
Business Combination and is not intended to form the basis of any investment decision or any other decision in respect of the proposed
Business Combination. Dune’s stockholders, Global Hydrogen’s unitholders and other interested persons are advised to read
the Revised Preliminary Proxy Statement and any further amendments thereto and the definitive proxy statement and other documents filed
in connection with the proposed Business Combination, when available, as these materials contain, and will contain, as applicable, important
information about Global Hydrogen, Dune and the proposed Business Combination. When available, the definitive proxy statement and other
relevant materials for the proposed Business Combination will be mailed to stockholders of Dune as of a record date to be established
for voting on the proposed Business Combination. Dune stockholders and Global Hydrogen unitholders are also able to obtain copies of the
Revised Preliminary Proxy Statement, and will be able to obtain copies of the definitive proxy statement and other documents filed with
the SEC, when available, without charge, at the SEC’s website at www.sec.gov, or by directing a request to Dune’s secretary
at 700 S. Rosemary Avenue, Suite 204, West Palm Beach, FL 33401, (917) 742-1904.
Participants in Solicitation
Dune and its directors and
executive officers may be deemed participants in the solicitation of proxies from Dune’s stockholders with respect to the proposed
Business Combination. A list of the names of those directors and executive officers and a description of their interests in Dune is contained
in Dune’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on April 10, 2023,
as amended by Amendment No. 1 to Dune’s Annual Report on Form 10-K/A, which was filed with the SEC on July 17, 2023, each of which
is available free of charge at the SEC’s website at www.sec.gov. To the extent such holdings of Dune’s securities may have
changed since that time, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC.
Additional information regarding the interests of such participants is contained in the Revised Preliminary Proxy Statement, and will
be contained in any further amendments to the Revised Preliminary Proxy Statement and the definitive proxy statement and other documents
filed in connection with the proposed Business Combination, when available. These documents can be obtained free of charge from the sources
indicated above.
Global Hydrogen and its managers
and executive officers may also be deemed to be participants in the solicitation of proxies from Dune’s stockholders with respect
to the proposed Business Combination. A list of the names of such managers and executive officers and information regarding their interests
in the proposed Business Combination are contained in the Revised Preliminary Proxy Statement, and will be contained in any further amendments
to the Revised Preliminary Proxy Statement and the definitive proxy statement and other documents filed in connection with the proposed
Business Combination, when available.
Cautionary Note Regarding Forward-Looking
Statements
This Current Report on Form
8-K contains certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Forward-looking statements may be identified by the use of words such as “anticipate,” “believe,” “continue,”
“could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,”
“possible,” “potential,” “predict,” “project,” “should,” “would,”
“will,” “shall,” “seek,” “result,” “become,” “target” or other
similar expressions that predict or indicate future events or trends or that are not statements of historical matters, but the absence
of these words does not mean a statement is not forward looking. Indications of, and guidance or outlook on, future earnings, dividends
or financial position or performance are also forward-looking statements. These forward-looking statements include, but are not limited
to: (1) references with respect to the anticipated benefits of the proposed Business Combination and inferences of closing timing; (2)
the anticipated benefits and expected timing of the grant award decisions in connection with the BND’s funding application to DOT;
(3) current and future potential commercial and customer relationships; and (4) anticipated demand for the combined company’s product
and service offerings. These statements are based on various assumptions, whether or not identified in this Current Report on Form 8-K,
and on the current expectations of Dune’s and Global Hydrogen’s management and are not predictions of actual performance.
These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied
on by any investor as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability.
These forward-looking statements
involve significant risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from
those expressed or implied in the forward-looking statements. Forward-looking statements are predictions, projections and other statements
about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Most
of these factors are outside Dune’s and Global Hydrogen’s control and are difficult to predict. Factors that may cause such
differences include, but are not limited to: (i) the occurrence of any event, change or other circumstances that could give rise to the
termination of the definitive Unit Purchase Agreement dated May 14, 2023 governing the Business Combination between Dune and Global Hydrogen
(the “Purchase Agreement”); (ii) the outcome of any legal proceedings that may be instituted against Dune and Global Hydrogen
following the announcement of the Purchase Agreement and the transactions contemplated thereby; (iii) the inability of the parties to
timely or successfully complete the proposed Business Combination, including due to failure to obtain approval of the stockholders of
Dune, redemptions by Dune’s stockholders, certain regulatory approvals or the satisfaction of other conditions to closing in the
Purchase Agreement; (iv) risks relating to the uncertainty of the projected financial information with respect to Global Hydrogen; (v)
the occurrence of any event, change or other circumstance that could give rise to the termination of the Purchase Agreement or could otherwise
cause the transaction to fail to close; (vi) the impact of the COVID-19 pandemic on Global Hydrogen’s business and/or the ability
of the parties to complete the proposed Business Combination; (vii) the inability to maintain the listing of Dune’s shares on The
Nasdaq Capital Market following the proposed Business Combination; (viii) the risk that the proposed Business Combination disrupts current
plans and operations as a result of the announcement and consummation of the proposed Business Combination; (ix) the ability to recognize
the anticipated benefits of the proposed Business Combination, which may be affected by, among other things, competition, the ability
of Global Hydrogen to grow and manage growth profitably, sell and expand its product and service offerings, implement its growth strategy
and retain its key employees; (x) risks relating to Global Hydrogen’s operations and business, including the combined company’s
ability to raise financing, hire employees, secure supplier, customer and other commercial contracts, obtain licenses and information
technology and protect itself against cybersecurity risks; (xi) intense competition and competitive pressures from other companies worldwide
in the industries in which the combined company will operate; (xii) litigation and the ability to adequately protect the combined company’s
intellectual property rights; (xiii) costs related to the proposed Business Combination; (xiv) changes in applicable laws or regulations;
and (xv) the possibility that Global Hydrogen or Dune may be adversely affected by other economic, business and/or competitive factors.
The foregoing list of factors is not exhaustive, and there may be additional risks that neither Dune nor Global Hydrogen presently know
or that Dune and Global Hydrogen currently believe are immaterial that could also cause actual results to differ from those contained
in the forward-looking statements. Additional information concerning certain of these and other risk factors is contained in Dune’s
most recent filings with the SEC, including Dune’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which
was filed with the SEC on April 10, 2023, as amended by Amendment No. 1 to Dune’s Annual Report on Form 10-K/A, which was filed
with the SEC on July 17, 2023, and in those documents that Dune has filed, or will file, with the SEC. These filings identify and address
other important risks and uncertainties that could cause actual events and results to differ materially from those contained herein. In
addition, forward-looking statements reflect Dune’s and Global Hydrogen’s expectations, plans or forecasts of future events
and views as of the date of this Current Report on Form 8-K. Dune and Global Hydrogen anticipate that subsequent events and developments
will cause Dune’s and Global Hydrogen’s assessments to change. All subsequent written and oral forward-looking statements
concerning Dune and Global Hydrogen, the transactions related to the proposed Business Combination or other matters attributable to Dune,
Global Hydrogen or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements above. Readers
are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. While Dune and Global
Hydrogen may elect to update these forward-looking statements at some point in the future, each of Dune and Global Hydrogen expressly
disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein
to reflect any change in their expectations with respect thereto or any change in events, conditions or circumstances on which any statement
is based, except as required by law. These forward-looking statements should not be relied upon as representing Dune’s and Global
Hydrogen’s assessments as of any date subsequent to the date of this Current Report on Form 8-K. Accordingly, undue reliance should
not be placed upon the forward-looking statements.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits.
SIGNATURES
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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DUNE ACQUISITION CORPORATION |
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Date: July 20, 2023 |
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|
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By: |
/s/ Carter Glatt |
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Name: |
Carter Glatt |
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Title: |
Chief Executive Officer |
Exhibit 99.1
Global Hydrogen Energy Selected by Port of
Brownsville as Private Development Partner in $15 Million Federal Funding Application
| ● | Global
Hydrogen is a Pure Play Hydrogen and Carbon Recovery Project Developer and Industrial Gas
Supplier |
WEST PALM BEACH, FL & NEW YORK, NY, July 20, 2023 (GLOBE NEWSWIRE)
-- The Port of Brownsville, Texas, the largest land-owning public port authority in the United
States, last month submitted an application seeking $15 million in funding under the U.S. Department of Transportation’s
(“DOT”) Charging and Fueling Infrastructure Discretionary Grant Program (“CFI”). Global Hydrogen
Energy LLC (“Global Hydrogen”) was selected as the Port’s private hydrogen project development partner. Grant
award decisions are expected later this summer.
If selected by DOT for this competitive
grant, the Port and Global Hydrogen will work with a team of experienced local partners to construct hydrogen infrastructure,
capable of generating and dispensing tons of hydrogen per day, which will be made available to the Port’s tenants, to
commercial businesses and to the public. The low-carbon hydrogen produced by this project has the potential to reduce net
carbon dioxide (CO2) emissions of the Port and end users of the hydrogen by up to several thousand tons per year through its use as
an energy carrier for fleets of fuel-cell electric heavy duty vehicles, such as long-haul trucks, transit buses, locomotive rail and
refuse collection trucks, which are transitioning to zero emission powertrains.
The DOT’s competitive CFI program, created by the Infrastructure
Investment and Jobs Act, passed in 2021, provides $2.5 billion over five years to deploy alternative fueling infrastructure, such as hydrogen
infrastructure, in publicly accessible locations near population centers.
The Port of Brownsville, officially known as the Brownsville Navigation
District (the “BND”), holds the distinction of being both the largest land-owning public port authority in the United States
and the nation’s only deep-water seaport located on the U.S.-Mexico border. The BND is also a significant truck and rail destination,
as the nation’s 11th and 12th most-trafficked port when measured by truck and commercial rail border crossings, respectively. In
2021, the BND processed approximately 8.9 million short tons of domestic and foreign cargo.
“Global Hydrogen is pleased to have been
selected as the Brownsville Navigation District’s private hydrogen development partner and we look forward to continuing to work
with the Port’s Commissioners and executive leadership. If the BND is selected for this grant, we believe establishing hydrogen
infrastructure in Brownsville will provide significant opportunities for the public and other key constituents as we seek to accelerate
towards a zero emission transportation future,” said William B. Nance, Founder and Chief Executive Officer of Global Hydrogen.
Global Hydrogen, which seeks to be a leader
in the sustainable energy transition as a next-generation industrial gas supplier, previously announced on May 15, 2023 that it had
entered into a definitive agreement for a business combination with Dune Acquisition Corporation (Nasdaq: DUNEU, DUNE, DUNEW)
(“Dune”), a special purpose acquisition company, which would result in Global Hydrogen becoming a publicly listed
company. The combined company will be called Global Gas Corporation upon the closing of the business combination and its common
stock is expected to be listed on The Nasdaq Capital Market under the new ticker symbol “HGAS”.
About Global Hydrogen
Headquartered in New York and founded in 2023,
Global Hydrogen seeks to be a leader in the sustainable energy transition as a next-generation industrial gas supplier. Global Hydrogen
is a 100% minority-owned business that targets both privately and publicly-funded hydrogen development and carbon recovery projects, including
projects supported by local, county, state, and national-level governments. Global Hydrogen primarily targets renewable waste as feedstock
to generate the industrial gases it sells, and seeks arrangements with owners of wastewater treatment plants, food waste processing facilities,
agricultural farms, and landfills as well as producers and distributors of renewable natural gas. For additional information, visit globalhydrogen.co.
About Dune Acquisition Corporation
Dune Acquisition Corporation was founded by its
Chief Executive Officer, Carter Glatt, to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or
similar business combination with one or more businesses.
Additional Information and Where to Find It
The proposed business combination with Global
Hydrogen (the “Business Combination”) will be submitted to Dune’s stockholders for their consideration. On July 17,
2023, Dune filed with the Securities and Exchange Commission (the “SEC”) a revised preliminary proxy statement (the “Revised
Preliminary Proxy Statement”) in connection with the proposed Business Combination. This document does not contain all the information
that should be considered in regard to the proposed Business Combination and is not intended to form the basis of any investment decision
or any other decision in respect of the proposed Business Combination. Dune’s stockholders, Global Hydrogen’s unitholders
and other interested persons are advised to read the Revised Preliminary Proxy Statement and any further amendments thereto and the definitive
proxy statement and other documents filed in connection with the proposed Business Combination, when available, as these materials contain,
and will contain, as applicable, important information about Global Hydrogen, Dune and the proposed Business Combination. When available,
the definitive proxy statement and other relevant materials for the proposed Business Combination will be mailed to stockholders of Dune
as of a record date to be established for voting on the proposed Business Combination. Dune stockholders and Global Hydrogen unitholders
are also able to obtain copies of the Revised Preliminary Proxy Statement, and will be able to obtain copies of the definitive proxy statement
and other documents filed with the SEC, when available, without charge, at the SEC’s website at www.sec.gov, or by directing a request
to Dune’s secretary at 700 S. Rosemary Avenue, Suite 204, West Palm Beach, FL 33401, (917) 742-1904.
Participants in Solicitation
Dune and its directors and executive officers
may be deemed participants in the solicitation of proxies from Dune’s stockholders with respect to the proposed Business Combination.
A list of the names of those directors and executive officers and a description of their interests in Dune is contained in Dune’s
Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on April 10, 2023, as amended by
Amendment No. 1 to Dune’s Annual Report on Form 10-K/A, which was filed with the SEC on July 17, 2023, each of which is available
free of charge at the SEC’s website at www.sec.gov. To the extent such holdings of Dune’s securities may have changed since
that time, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information
regarding the interests of such participants is contained in the Revised Preliminary Proxy Statement, and will be contained in any further
amendments to the Revised Preliminary Proxy Statement and the definitive proxy statement and other documents filed in connection with
the proposed Business Combination, when available. These documents can be obtained free of charge from the sources indicated above.
Global Hydrogen and its managers and executive
officers may also be deemed to be participants in the solicitation of proxies from Dune’s stockholders with respect to the proposed
Business Combination. A list of the names of such managers and executive officers and information regarding their interests in the proposed
Business Combination are contained in the Revised Preliminary Proxy Statement, and will be contained in any further amendments to the
Revised Preliminary Proxy Statement and the definitive proxy statement and other documents filed in connection with the proposed Business
Combination, when available.
Cautionary Note Regarding Forward-Looking Statements
This press release contains certain “forward-looking
statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified
by the use of words such as “anticipate,” “believe,” “continue,” “could,” “estimate,”
“expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,”
“predict,” “project,” “should,” “would,” “will,” “shall,” “seek,”
“result,” “become,” “target” or other similar expressions that predict or indicate future events or
trends or that are not statements of historical matters, but the absence of these words does not mean a statement is not forward looking.
Indications of, and guidance or outlook on, future earnings, dividends or financial position or performance are also forward-looking statements.
These forward-looking statements include, but are not limited to: (1) references with respect to the anticipated benefits of the proposed
Business Combination and inferences of closing timing; (2) the anticipated benefits and expected timing of the grant award decisions in
connection with the BND’s funding application to DOT; (3) current and future potential commercial and customer relationships; and
(4) anticipated demand for the combined company’s product and service offerings. These statements are based on various assumptions,
whether or not identified in this press release, and on the current expectations of Dune’s and Global Hydrogen’s management
and are not predictions of actual performance. These forward-looking statements are provided for illustrative purposes only and are not
intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction or a definitive statement
of fact or probability.
These forward-looking statements involve significant
risks and uncertainties that could cause the actual results to differ materially, and potentially adversely, from those expressed or implied
in the forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that
are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Most of these factors are
outside Dune’s and Global Hydrogen’s control and are difficult to predict. Factors that may cause such differences include,
but are not limited to: (i) the occurrence of any event, change or other circumstances that could give rise to the termination of the
definitive Unit Purchase Agreement dated May 14, 2023 governing the Business Combination between Dune and Global Hydrogen (the “Purchase
Agreement”); (ii) the outcome of any legal proceedings that may be instituted against Dune and Global Hydrogen following the announcement
of the Purchase Agreement and the transactions contemplated thereby; (iii) the inability of the parties to timely or successfully complete
the proposed Business Combination, including due to failure to obtain approval of the stockholders of Dune, redemptions by Dune’s
stockholders, certain regulatory approvals or the satisfaction of other conditions to closing in the Purchase Agreement; (iv) risks relating
to the uncertainty of the projected financial information with respect to Global Hydrogen; (v) the occurrence of any event, change or
other circumstance that could give rise to the termination of the Purchase Agreement or could otherwise cause the transaction to fail
to close; (vi) the impact of the COVID-19 pandemic on Global Hydrogen’s business and/or the ability of the parties to complete the
proposed Business Combination; (vii) the inability to maintain the listing of Dune’s shares on The Nasdaq Capital Market following
the proposed Business Combination; (viii) the risk that the proposed Business Combination disrupts current plans and operations as a result
of the announcement and consummation of the proposed Business Combination; (ix) the ability to recognize the anticipated benefits of the
proposed Business Combination, which may be affected by, among other things, competition, the ability of Global Hydrogen to grow and manage
growth profitably, sell and expand its product and service offerings, implement its growth strategy and retain its key employees; (x)
risks relating to Global Hydrogen’s operations and business, including the combined company’s ability to raise financing,
hire employees, secure supplier, customer and other commercial contracts, obtain licenses and information technology and protect itself
against cybersecurity risks; (xi) intense competition and competitive pressures from other companies worldwide in the industries in which
the combined company will operate; (xii) litigation and the ability to adequately protect the combined company’s intellectual property
rights; (xiii) costs related to the proposed Business Combination; (xiv) changes in applicable laws or regulations; and (xv) the possibility
that Global Hydrogen or Dune may be adversely affected by other economic, business and/or competitive factors. The foregoing list of factors
is not exhaustive, and there may be additional risks that neither Dune nor Global Hydrogen presently know or that Dune and Global Hydrogen
currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements.
Additional information concerning certain of these and other risk factors is contained in Dune’s most recent filings with the SEC,
including Dune’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on April 10,
2023, as amended by Amendment No. 1 to Dune’s Annual Report on Form 10-K/A, which was filed with the SEC on July 17, 2023, and in
those documents that Dune has filed, or will file, with the SEC. These filings identify and address other important risks and uncertainties
that could cause actual events and results to differ materially from those contained herein. In addition, forward-looking statements reflect
Dune’s and Global Hydrogen’s expectations, plans or forecasts of future events and views as of the date of this press release.
Dune and Global Hydrogen anticipate that subsequent events and developments will cause Dune’s and Global Hydrogen’s assessments
to change. All subsequent written and oral forward-looking statements concerning Dune and Global Hydrogen, the transactions related to
the proposed Business Combination or other matters attributable to Dune, Global Hydrogen or any person acting on their behalf are expressly
qualified in their entirety by the cautionary statements above. Readers are cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made. While Dune and Global Hydrogen may elect to update these forward-looking statements
at some point in the future, each of Dune and Global Hydrogen expressly disclaims any obligations or undertaking to release publicly any
updates or revisions to any forward-looking statements contained herein to reflect any change in their expectations with respect thereto
or any change in events, conditions or circumstances on which any statement is based, except as required by law. These forward-looking
statements should not be relied upon as representing Dune’s and Global Hydrogen’s assessments as of any date subsequent to
the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.
Contacts
Dune Acquisition Corporation
ir@duneacq.com
(917) 742-1904
William B. Nance
Global Hydrogen Energy LLC
ir@globalhydrogen.co
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