dune acquisition corporation is a blank check company whose business purpose is to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. the company was founded by carter glatt, who led dune’s upsized $172.5mm ipo in december 2020. the company is listed on the nasdaq under the symbol “duneu”.
Company profile
Ticker
HGAS, DUNEU, DUNEW, DUNE
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
Dune Acquisition Corp
SEC CIK
Corporate docs
IRS number
851617911
HGAS stock data
Latest filings (excl ownership)
S-1
IPO registration
16 Apr 24
10-K
2023 FY
Annual report
29 Mar 24
8-K
Entry into a Material Definitive Agreement
5 Mar 24
8-K
Changes in Registrant's Certifying Accountant
12 Feb 24
8-K
Entry into a Material Definitive Agreement
9 Feb 24
8-K
Index to the Financial Statements
28 Dec 23
8-K
Global Hydrogen Energy Completes Business Combination with Dune Acquisition Corporation to Form Publicly Traded Global Gas Corporation
21 Dec 23
25-NSE
Exchange delisting
21 Dec 23
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
20 Dec 23
8-K
Submission of Matters to a Vote of Security Holders
4 Dec 23
Latest ownership filings
SC 13D/A
Nance William Bennett
6 Mar 24
4
William Bennett Nance
6 Mar 24
SC 13G/A
NOMURA HOLDINGS INC
14 Feb 24
SC 13G/A
MACQUARIE GROUP LTD
14 Feb 24
SC 13G
Linden Capital L.P.
7 Feb 24
3
Shachi Shah
2 Jan 24
3
Ben Coates
2 Jan 24
SC 13G
Martinez Sergio
2 Jan 24
SC 13G
Martinez Barbara Guay
2 Jan 24
SC 13D
Nance William Bennett
2 Jan 24
Financial summary
Quarter (USD) | Sep 23 | Jun 23 | Mar 23 | Dec 22 | |
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Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 22 | Dec 21 | Dec 20 | |
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Revenue | ||||
Cost of revenue | ||||
Operating income | ||||
Operating margin | ||||
Net income | ||||
Net profit margin | ||||
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Change in cash | ||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 1.44 k | 1.44 k | 1.44 k | 1.44 k | 1.44 k | 1.44 k |
Cash burn (monthly) | 4.11 k | (no burn) | 350.33 k | 207.13 k | 10.78 k | 18.91 k |
Cash used (since last report) | 28.35 k | n/a | 2.41 mm | 1.43 mm | 74.29 k | 130.29 k |
Cash remaining | -26.91 k | n/a | -2.41 mm | -1.43 mm | -72.85 k | -128.85 k |
Runway (months of cash) | -6.5 | n/a | -6.9 | -6.9 | -6.8 | -6.8 |
Institutional ownership, Q3 2023
13F holders | Current |
---|---|
Total holders | 41 |
Opened positions | 33 |
Closed positions | 15 |
Increased positions | 1 |
Reduced positions | 5 |
13F shares | Current |
---|---|
Total value | 6.09 bn |
Total shares | 7.33 mm |
Total puts | 0.00 |
Total calls | 275.21 k |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Dune Acquisition | 4.31 mm | $0.00 |
Mangrove Partners | 431.84 k | $4.36 bn |
Linden Advisors | 358.08 k | $25.64 mm |
Aristeia Capital | 262.49 k | $18.39 mm |
Whitebox Advisors | 200.00 k | $14.00 mm |
Centerbridge Partners | 150.00 k | $10.50 mm |
Shaolin Capital Management | 148.34 k | $10.00 k |
HRT Financial | 145.76 k | $10.00 k |
Meteora Capital | 126.59 k | $8.86 mm |
CVI | 119.45 k | $8.36 mm |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
4 Mar 24 | William Bennett Nance | Class B Common Stock Class A Common Stock | Sale back to company | Dispose D | No | No | 0 | 1,440,000 | 0.00 | 2,000,000 |
21 Dec 23 | Dune Acquisition | Warrants Class A Common Stock | Grant | Acquire A | No | No | 11.5 | 4,850,000 | 55.78 mm | 4,850,000 |
21 Dec 23 | William Bennett Nance | Class B Common Stock Class A Common Stock | Grant | Acquire A | No | No | 0 | 3,440,000 | 0.00 | 3,440,000 |
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