Dec 16, 5:16 PM ET
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.
- 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