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Global Gas (Dune Acquisition) Priced, Nasdaq: HGAS

Blank check company led by executives from delta2 Capital targeting a SaaS business (completed 12/22/2023).

Industry: SPAC

First Day Return: +1.2%

Industry: SPAC

We are a blank check company. Although we may pursue an acquisition opportunity in any business or industry, we intend to focus on opportunities in the technology sector, particularly companies pursuing a Software as a Service, or SaaS, model. We believe that software companies, particularly SaaS companies, who deliver scalable, rapidly deployable and efficient solutions, will continue to be the natural beneficiaries of this environment. We believe there are a large number of overlooked, high quality private companies with enterprise values between $300 million and $1 billion, or pre-unicorns, that have the potential to provide our investors with substantial value creation opportunities. Our management team is led by Carter Glatt, as our Chief Executive Officer. Since 2020, Mr. Glatt has served as Chief Investment Officer and Managing Partner of delta2 Capital, a SPAC-focused investment fund. Michael Castaldy will serve as Chief Financial Officer of Dune. He has over 25 years of experience as a portfolio manager and currently serves as the Chief Executive Officer and Managing Partner of delta2 Capital, where he has held such roles since 2020.
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IPO Data
IPO File Date 09/10/2020
Offer Price $10.00
Price Range $10.00 - $10.00
Offer Shares (mm) 15.0
Deal Size ($mm) $150
Lock-Up Date IPO Pro Only
Street Research IPO Pro Only
IPO Data
IPO Date 12/17/2020
Offer Price IPO Intelligence Only
Price Range IPO Intelligence Only
Offer Shares (mm) IPO Intelligence Only
Deal Size ($mm) $150
Lock-Up Date IPO Intelligence Only
Street Research IPO Intelligence Only
Underwriters
IPO Intelligence Only
Company Data
Headquarters West Palm Beach, FL, United States
Founded 2020
Employees at IPO 2

Global Gas (Dune Acquisition) (HGAS) Performance