Global Gas Corporation announced a private placement of 4,850,000 pre-paid common share warrants at a price of $1 per warrant for the gross proceeds of $4,850,000 on January 2, 2024. Each warrant is exercisable for one whole share of investor's Class A common stock at a price of $11.50 per share. The transaction included participation from new investor Dune Acquisition Holdings LLC.

The Private Placement warrants may not, subject to certain limited exceptions, be transferred, assigned or sold until 30 days after the completion of the Business Combination. The warrants are subject to the transfer restrictions set forth in the lockup agreement.