Dune Acquisition completes business combination to form Global Gas

Global Hydrogen Energy, which seeks to be a leader in the sustainable energy transition as a next-generation industrial gas supplier, and Dune Acquisition Corporation (DUNE), a special purpose acquisition company, last night announced the completion of its previously announced business combination. The combined company is named Global Gas Corporation and its Class A common shares and warrants are expected to commence trading on the Nasdaq Capital Market under the new ticker symbols “HGAS” and “HGASW,” respectively, on or about December 22. “Hydrogen is the tip of the spear for reducing carbon emissions in hard to decarbonize industries. The completion of our business combination with Dune positions Global Gas to be a leader in the rapidly growing hydrogen and carbon recovery ecosystem. We look forward to our next chapter as a public company, which will allow us to bring our expertise and infrastructure offerings to a global marketplace,” said Founder and Chief Executive Officer William Nance. “Global Gas expects to receive a delisting notice from the Nasdaq staff for failure to satisfy the initial listing standards of The Nasdaq Capital Market upon closing of the business combination in accordance with Nasdaq Rule 5101-2. Global Gas intends to timely request a hearing before the Nasdaq Hearings Panel to appeal Nasdaq’s delisting determination and work expeditiously to satisfy the applicable initial listing standards of The Nasdaq Capital Market,” the company stated.