IPODW

Dune Acquisition Corp. II warrants are derivative securities that give holders the right, but not the obligation, to purchase common stock at a specified exercise price within a certain time period. These warrants were originally issued as part of the SPAC's initial public offering unit structure. Warrants provide leverage and speculative opportunities but carry higher risk than common shares. They typically become exercisable upon completion of a business combination or after a specified waiting period.