---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-23-092355"
form_type: "8-K"
ticker: "HGAS"
cik: "0001817232"
company_name: "Global Gas Corp"
filed_at: "2023-12-04T23:59:59+00:00"
generated_at: "2026-06-07T18:50:57.015868+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Dune Acquisition enters forward purchase & PIPE agreements for business combination with Global Hydrogen

## Summary
- Forward Purchase Agreement with Meteora entities for up to 950,000 shares of Dune Class A common stock, funded from trust.
- FPA Funding Amount PIPE Subscription Agreement for additional shares, unregistered under Securities Act.
- Trust account balance ~$11.96M; estimated redemption price ~$10.03 per share as of Dec 1, 2023.
- Seller waived redemption rights for shares purchased via FPA/PIPE; lock-up of 8 months after closing.
- Agreements support closing of previously announced business combination; closing subject to stockholder approval.

## SEC filing metadata
- accession: 0001213900-23-092355
- form_type: 8-K
- ticker: HGAS
- cik: 0001817232
- company_name: Global Gas Corp
- filed_at: 2023-12-04T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 1.01, 3.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1817232/000121390023092355/0001213900-23-092355-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1817232/000121390023092355/ea189190-8k_duneacq.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-23-092355
- JSON: https://secwatch.observer/filing/0001213900-23-092355.json
- Plain text: https://secwatch.observer/filing/0001213900-23-092355.txt

## Key facts
- Material Agreements
  Global Gas Corp entered into Forward Purchase Agreement with Meteora Strategic Capital, LLC; Meteora Capital Partners, LP; Meteora Select Trading Opportunities Master, LP valued at up to 950,000 shares (effective 2023-12-01).
  - Action: entry
  - Agreement: equity purchase
  - Counterparty: Meteora Strategic Capital, LLC; Meteora Capital Partners, LP; Meteora Select Trading Opportunities Master, LP
  - Value: up to 950,000 shares
  - Effective: 2023-12-01
  source text: on December 1, 2023, Dune and Global Hydrogen entered into a forward purchase agreement (the “Forward Purchase Agreement”) with each of (i) Meteora Strategic Capital, LLC (“MSC”), (ii) Meteora Capital Partners, LP (“MCP”) and (iii) Meteora Select Trading Opportunities Master, LP (“MSTO” and, collectively with MSC and MCP, the “Seller”) for an OTC Equity Prepaid Forward Transaction.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817232/000121390023092355/0001213900-23-092355-index.htm
- Material Agreements
  Global Gas Corp entered into Unit Purchase Agreement with Global Hydrogen Energy LLC valued at business combination transaction (effective 2023-05-14).
  - Action: entry
  - Agreement: merger
  - Counterparty: Global Hydrogen Energy LLC
  - Value: business combination transaction
  - Effective: 2023-05-14
  source text: Dune Acquisition Corporation, a Delaware corporation (“Dune”), entered into a Unit Purchase Agreement, dated May 14, 2023 (as amended on August 22, 2023 and on November 24, 2023, the “Purchase Agreement”), with Global Gas Holdings LLC, a direct, wholly owned subsidiary of Dune, Global Hydrogen Energy LLC (“Global Hydrogen”), William Bennett Nance, Jr., Sergio Martinez and Barbara Guay Martinez, pursuant to which Dune and Global Hydrogen agreed to enter into a business combination transaction
  evidence_url: https://www.sec.gov/Archives/edgar/data/1817232/000121390023092355/0001213900-23-092355-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.