Daedalus Special Acquisition Corp. closes $250 million IPO, audited balance sheet filed
Daedalus Special Acquisition Corp. completed its initial public offering on December 10, 2025, selling 25,000,000 units at $10.00 each for $250 million in gross proceeds, and placed the full $250 million in a trust account for public shareholders. The company is a blank check company that has not selected a business combination target, so shareholders' capital is held in trust pending a future deal, and the filing adds an audited balance sheet as of that date.
Key points
- 25,000,000 units sold at $10.00 each, including 2,500,000 units from a partial exercise of the underwriters' over-allotment option, for $250,000,000 in gross proceeds
- Private placement of 685,000 private units at $10.00 each for $6,850,000 to the sponsor (435,000 units) and BTIG (250,000 units)
- $250,000,000 deposited in the trust account; $8,750,000 in deferred underwriting commissions
- Balance sheet as of December 10, 2025 shows $1,212,934 in cash outside the trust account; the company has 24 months from the IPO closing to complete a business combination
The filing
Written by AI on Nov 9, 2026, 11:48 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on December 16, 2025.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.