Aiming for the digital assets and AI track, Dune Acquisition III submits a $150 million SPAC IPO application.

Special Purpose Acquisition Company (SPAC) Dune Acquisition III, focusing on digital assets, sports entertainment, Software as a Service (SaaS), and artificial intelligence fields, filed documents with the U.S. Securities and Exchange Commission (SEC) on Tuesday, planning to raise up to $150 million through an initial public offering (IPO). The company plans to issue 15 million units at a price of $10 per unit, raising $150 million. Each unit consists of one common stock and one-third of a warrant, with an exercise price of $11.50. Dune Acquisition III is led by CEO and Chairman Carter Glatt, who previously served as Director of Corporate Development and Senior Vice President at GTY. CFO Jeron Smith has also joined the team, who is the founder of Unanimous Media, The Incubation Lab, and Heir. The SPAC plans to target companies in the digital assets, sports entertainment, SaaS, and artificial intelligence industries. Previous SPAC projects by the management team include Dune Acquisition, which went public in 2023 and completed a business combination with hydrogen supplier Global Gas (OTC trading code: HGAS; down 99.7% from $10 IPO price), and Dune Acquisition II, which went public in 2025 (IPODU; up 4.4% from $10 IPO price). Established in 2025, the company is headquartered in West Palm Beach, Florida, and plans to list on Nasdaq, although the stock code has not been determined yet. Dune Acquisition III confidentially submitted the application on November 6, 2025. Clear Street serves as the exclusive bookrunner for the transaction.