Dune Acquisition Corporation Appoints Cecil White III to the Board of Directors

Rhea-AI Summary

Dune Acquisition Corporation (NASDAQ:DUNE) has appointed Cecil White III to its Board of Directors, effective February 7, 2023. Mr. White will also serve on the Audit and Compensation Committees, bringing the total number of directors to five, with three being independent. He has extensive experience in business development, having worked with major brands such as Adidas and Mercedes Benz. His career began as an Investment Banker at Barclays, where he focused on consumer retail and healthcare. Dune plans to pursue merger opportunities primarily in the technology sector, particularly those utilizing a Software as a Service (SaaS) model.

Positive

• Cecil White III brings significant experience in business development and sponsorships, which may enhance Dune's strategic growth.
• The addition of an independent director strengthens corporate governance.

Negative

• None.

NEW YORK, Feb. 07, 2023 (GLOBE NEWSWIRE) --  Dune Acquisition Corporation (NASDAQ:DUNE) today announced the appointment of Cecil White III to the Dune Board of Directors, effective February 7, 2023. Mr. White will serve as a Member of the Audit and Compensation Committees of the Board. Immediately following the appointment of Mr. White, the Board will consist of 5 directors, 3 of whom are independent.

“We are pleased to welcome Cecil White to the Dune Board,” said Carter Glatt, Founder and Chief Executive Officer of Dune. “Cecil is a talented individual with strong experience in business development and sponsorships. We look forward to his valuable input and guidance.”

Mr. White is an Agent at William Morris Endeavor (WME) focused on business development for talent and properties. At WME, Mr. White has steered over 150 brand endorsements, equity-based partnerships, and sponsorships with some of the world's fastest-growing companies, such as Tonal, Away Luggage, Talkspace, BodyArmor, Zeel, Asutra, HyperIce, Adidas, Jordan Brand, Gatorade, Beats by Dre, Lemon Perfect, Mercedes Benz, and others.

In 2020, he co-founded The InvescoQQQ Legacy Classic, a new property headlined by a nationally-televised collegiate basketball showcase focused on spotlighting HBCU life & culture; the event is co-owned by Endeavor, Michael B. Jordan, Harris Blitzer Sports & Entertainment, and Horizon Media.

Mr. White began his career as an Investment Banker at Barclays (NYSE: BCS) covering the consumer retail and healthcare industries. He was an Echols Scholar at the University of Virginia, where he received his Bachelor of Science in Commerce with concentrations in Finance, Management, and Business Analytics and a minor in African American studies. Cecil was listed on Forbes 30 Under 30 (2020) and Sports Business Journal's New Voices Under 30 (2020).

About Dune

Dune Acquisition Corporation was founded by its Chief Executive Officer, Carter Glatt. The Company 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. While the Company may pursue an initial business combination target in any industry or geographic region, the Company intends to focus its search for an initial business combination on companies within the technology sector, particularly companies pursuing a Software as a Service, or SaaS, model.

Contact
Dune Acquisition Corporation
ir@duneacq.com
(917) 742-1904

FAQ

Who is Cecil White III and what is his background?

Cecil White III is an Agent at William Morris Endeavor (WME) and has extensive experience in business development, having managed over 150 brand endorsements with leading companies. He co-founded The InvescoQQQ Legacy Classic and previously worked at Barclays as an Investment Banker.

What is the significance of Cecil White's appointment to Dune Acquisition Corporation?

Cecil White's appointment may bring valuable insights and connections to Dune, particularly in driving strategic partnerships and enhancing business development efforts.

When did Dune Acquisition Corporation announce Cecil White's appointment?

Dune Acquisition Corporation announced Cecil White's appointment to the Board of Directors on February 7, 2023.

How many directors are there on Dune's Board after this appointment?

After Cecil White's appointment, Dune's Board consists of five directors, three of whom are independent.

What sectors does Dune Acquisition Corporation focus on for potential mergers?

Dune Acquisition Corporation intends to focus its search for business combinations primarily within the technology sector, with a particular emphasis on Software as a Service (SaaS) companies.