Daedalus Special Acquisition Corp. prices $225 million IPO on NASDAQ

Daedalus Special Acquisition Corp. (NASDAQ: DSACU) priced its initial public offering of 22.5 million units at $10.00 per unit, raising $225 million. The special purpose acquisition company is led by co-chief executive officers Husnu Akin Babayigit and Orkun Kilic.

Each unit consists of one Class A ordinary share and one-fourth of one redeemable warrant. Whole warrants entitle holders to purchase one Class A ordinary share at $11.50 per share. The units began trading on the Nasdaq Global Market on December 9, 2025, under the ticker symbol "DSACU."

Once the securities comprising the units begin separate trading, the ordinary shares and warrants are expected to trade under the symbols "DSAC" and "DSACW," respectively. No fractional warrants will be issued upon separation of the units.

BTIG, LLC serves as the sole book-running manager for the offering. The company granted the underwriter a 45-day option to purchase up to an additional 3.375 million units at the initial public offering price to cover over-allotments. The offering is expected to close on December 10, 2025, subject to customary closing conditions.

The U.S. Securities and Exchange Commission declared the registration statement relating to the securities effective on December 8, 2025. Daedalus Special Acquisition Corp. is a blank check company formed as a Cayman Islands exempted company for the purpose of effecting a business combination with one or more businesses.

The company's primary focus is to build a portfolio of AI-powered consumer applications, according to the press release statement.