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, HGASW
Exchange
Website
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Air Products and Chemicals • Tronox • Minerals • Valhi • Linde • Venator Materials • Kronos Worldwide • LSB Industries • Luxfer • Arcadium Lithium ...
Former names
Dune Acquisition Corp
SEC CIK
Corporate docs
IRS number
851617911
HGAS stock data
Latest filings (excl ownership)
25-NSE
Exchange delisting
6 Sep 24
10-Q
2024 Q2
Quarterly report
14 Aug 24
8-K
Notice of Delisting or Failure to Satisfy a Continued Listing Rule or Standard
24 Jun 24
8-K
Departure of Directors or Certain Officers
21 Jun 24
10-Q
2024 Q1
Quarterly report
13 May 24
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
Latest ownership filings
SC 13G
METEORA CAPITAL, LLC
10 May 24
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
Financial summary
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Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
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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) | 338.78 k | 338.78 k | 338.78 k | 338.78 k | 338.78 k | 338.78 k |
Cash burn (monthly) | (no burn) | 611.33 | 23.70 k | 99.94 k | 30.06 k | 95.99 k |
Cash used (since last report) | n/a | 1.72 k | 66.56 k | 280.68 k | 84.42 k | 269.59 k |
Cash remaining | n/a | 337.07 k | 272.23 k | 58.11 k | 254.37 k | 69.19 k |
Runway (months of cash) | n/a | 551.4 | 11.5 | 0.6 | 8.5 | 0.7 |
Institutional ownership, Q1 2024
24.5% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 7 |
Opened positions | 7 |
Closed positions | 0 |
Increased positions | 0 |
Reduced positions | 0 |
13F shares | Current |
---|---|
Total value | 8.85 bn |
Total shares | 1.33 mm |
Total puts | 0.00 |
Total calls | 0.00 |
Total put/call ratio | – |
Largest owners | Shares | Value |
---|---|---|
Calamos Advisors | 750.00 k | $5.55 bn |
Cowen And | 331.17 k | $1.11 bn |
Wealthspring Capital | 87.90 k | $635.07 mm |
BCK Capital Management | 74.27 k | $818.43 mm |
Schechter Investment Advisors | 51.85 k | $382.32 mm |
Spartan Fund Management | 20.00 k | $220.60 mm |
Susquehanna International | 12.18 k | $134.20 mm |
Proequities | 0.00 | $0.00 |
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 |