Dune Acquisition III, a blank check company targeting digital assets, sports and entertainment, SaaS, and AI, filed on Tuesday with the SEC to raise up to $150 million in an initial public offering.
The company plans to raise $150 million by offering 15 million shares at a price of $10. Each unit contains one share of common stock and one-third of one warrant, exercisable at $11.50.
Dune Acquisition III is led by CEO and Chairman Carter Glatt, who previously served as Head of Corporate Development and SVP of GTY. He is joined by CFO Jeron Smith, who is the founder of Unanimous Media, The Incubation Lab, and Heir. The SPAC intends to target businesses in the digital assets, sports & entertainment, SaaS, and AI industries.
Management's previous SPACs include Dune Acquisition, which went public in 2023 and completed its combination with hydrogen gas supplier Global Gas (OTC: HGAS; -99.7% from $10 offer price), and Dune Acquisition II, which went public in 2025 (IPODU; +4.4% from $10 offer price).
The West Palm Beach, FL-based company was founded in 2025 and plans to list on the Nasdaq, although it has not yet selected a symbol (RC ticker: DUNU.RC). Dune Acquisition III filed confidentially on November 6, 2025. Clear Street is the sole bookrunner on the deal.
