Dune Acquisition in a regulatory filing said it lowered the consideration to be paid to merger partner Global Hydrogen from $57.5 million to $48 million.
The deal was announced in May at a pro forma combined enterprise value of $112 million.
Global Hydrogen is a supplier of industrial gas.
If approved, the combined company would be called Global Gas Corporation and shares are expected to list on the Nasdaq under new ticker symbol HGAS.
There is no minimum cash condition to close. Read more.
