{"schema_version":"secwatch.filing_event.v1","accession":"0001213900-23-078863","form_type":"8-K","ticker":"HGAS","cik":"0001817232","company_name":"Global Gas Corp","filed_at":"2023-09-22T23:59:59+00:00","discovered_at":"2026-05-14T18:03:35.403958+00:00","generated_at":"2026-06-10T09:49:32.581299+00:00","sec_items":["1.01","3.01","3.02","9.01"],"event_type":"regulatory","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Dune Acquisition receives Nasdaq delisting notice after exchanging founder shares to regain compliance","bullets":["On Sep 20, 2023, Dune exchanged 4,312,500 Class B shares for Class A shares to boost market value of listed securities.","Exchange eliminated all Class B shares; sponsor now holds ~78.5% of outstanding Class A common.","On Sep 22, 2023, Dune received Nasdaq notice that it failed to regain $35M MVLS compliance; delisting initiated.","Dune appealed the delisting determination on Sep 22, 2023 and expects Nasdaq to cancel the action.","Exchange shares issued under Section 3(a)(9) exemption; registered for resale under existing registration rights."],"urls":{"canonical":"https://secwatch.observer/filing/0001213900-23-078863","json":"https://secwatch.observer/filing/0001213900-23-078863.json","markdown":"https://secwatch.observer/filing/0001213900-23-078863.md","text":"https://secwatch.observer/filing/0001213900-23-078863.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1817232/000121390023078863/0001213900-23-078863-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1817232/000121390023078863/ea185576-8k_duneacq.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-10T09:49:32.581299+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"63717cec38ddce2f9e56238c99bd30f1f50f8d2e","claim":"Global Gas Corp received a nasdaq delisting notice notice regarding market value (rules 5550(b)(2), 5810(c)(3)(C)).","evidence_excerpt":"stating that the market value of listed securities (“MVLS”) of Dune’s Class A common stock for the last 30 consecutive business days (from February 9, 2023 to March 23, 2023), was below the required minimum of $35 million for continued listing on The Nasdaq Capital Market under Nasdaq Listing Rule 5550(b)(2) (the “MVLS Rule”). In accordance with Nasdaq Listing Rule 5810(c)(3)(C), Dune had 180 calendar days (or until September 20, 2023) to regain compliance (the “Compliance Period”). The Notification Letter stated that Nasdaq will close the matter and provide written confirmation that Dune has","evidence_source":"SEC 8-K Item 3.01","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817232/000121390023078863/0001213900-23-078863-index.htm","confidence":0.9,"family_label":"Listing & Compliance Notices","details":[{"label":"Exchange","value":"nasdaq"},{"label":"Notice","value":"delisting notice"},{"label":"Deficiency","value":"market value"},{"label":"Rules","value":"5550(b)(2), 5810(c)(3)(C)"}],"fact_type":"exchange_compliance_notice"},{"claim_id":"c6a5680187aa698135587d7b848479f117d6ff1f","claim":"Global Gas Corp entered into Exchange Agreement with Dune Acquisition Holdings LLC (effective 2023-09-20).","evidence_excerpt":"On September 20, 2023, Dune Acquisition Corporation, a Delaware corporation (“Dune”), and Dune’s sponsor, Dune Acquisition Holdings LLC, a Delaware limited liability company (the “Sponsor”), entered into an Exchange Agreement (the “Exchange Agreement”).","evidence_source":"SEC 8-K Item 1.01/1.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1817232/000121390023078863/0001213900-23-078863-index.htm","confidence":0.95,"family_label":"Material Agreements","details":[{"label":"Action","value":"entry"},{"label":"Agreement","value":"equity purchase"},{"label":"Counterparty","value":"Dune Acquisition Holdings LLC"},{"label":"Effective","value":"2023-09-20"}],"fact_type":"material_agreement"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}