Dune Acquisition III, a blank check company targeting digital assets, sports and entertainment, SaaS, and AI, lowered the proposed deal size for its upcoming IPO on Tuesday.
The West Palm Beach, FL-based company now plans to raise $100 million by offering 10 million units at $10. Each unit consists of one share of common stock and one-half of one warrant, exercisable at $11.50. The company had previously filed to offer 15 million units, each containing one-third of a warrant.
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, CIO, and Director 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; -99.6% from $10 offer price), and Collective Acquisition (Dune Acquisition II), which went public in 2025 (CCAQ; +5%).
Dune Acquisition III was founded in 2025. It plans to list on the Nasdaq under the symbol CPPGU. Clear Street is the sole bookrunner on the deal.
