Welcome to our dedicated page for Daedalus Special Acquisition news (Ticker: DSAC), a resource for investors and traders seeking the latest updates and insights on Daedalus Special Acquisition stock.
The news associated with DSAC focuses on Duddell Street Acquisition Corp., a publicly traded special purpose acquisition company, and its role in taking FiscalNote Holdings, Inc. public. Company announcements describe Duddell Street as a SPAC formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, sponsored by Hong Kong-based hedge fund Maso Capital.
News releases trace the progression of the proposed business combination between Duddell Street Acquisition Corp. and FiscalNote, an AI-driven enterprise SaaS company that delivers legal and regulatory data and insights. Coverage includes the announcement of the definitive business combination agreement, Analyst Day presentations, the effectiveness of the registration statement on Form S-4, and the shareholder meeting where Duddell Street investors approved the transaction.
Subsequent articles report the completion of the business combination and explain that the combined company would be named FiscalNote Holdings, Inc., with its Class A common stock and warrants expected to trade on the New York Stock Exchange under the ticker symbols NOTE and NOTE WS. Other communications discuss enhancements to the transaction structure and access to additional capital in connection with the deal.
Investors following DSAC-related news can review this sequence of announcements to understand how the SPAC identified FiscalNote as its combination partner, the regulatory and shareholder steps involved, and the transition from Duddell Street’s Nasdaq listing to FiscalNote’s NYSE trading under the NOTE symbol.
Daedalus Special Acquisition Corp (Nasdaq: DSACU) said that beginning January 29, 2026 holders of the units from its IPO may elect to separate units into Class A ordinary shares and warrants for separate trading.
Separated Class A ordinary shares will trade on Nasdaq under DSAC and separated warrants will trade under DSACW; units that remain intact will continue trading as DSACU. No fractional warrants will be issued upon separation; only whole warrants will trade. Holders must have brokers contact Continental Stock Transfer & Trust Company to effect separations. Registration statements on Form S-1 (333-290165 and 333-292014) were declared effective on December 8, 2025.
Daedalus Special Acquisition Corp (NYSE: DSAC) closed an upsized initial public offering on Dec 10, 2025, raising $250,000,000 from the sale of 25,000,000 units at $10.00 per unit, including 2,500,000 units from the underwriters' partial over-allotment.
Each unit comprises one Class A ordinary share and one-fourth of one redeemable warrant; whole warrants exercise at $11.50. Units began trading on the Nasdaq Global Market as DSACU on Dec 9, 2025; ordinary shares and warrants are expected to trade as DSAC and DSACW once separated. BTIG acted as sole book-running manager and the SEC declared the registration statement effective on Dec 8, 2025.
Daedalus Special Acquisition Corp (NASDAQ:DSAC) announced an upsized initial public offering of 22,500,000 units at $10.00 per unit, representing gross proceeds of $225,000,000. Each unit includes one Class A ordinary share and one-fourth of one redeemable warrant, with each whole warrant exercisable at $11.50 per share.
Units are expected to begin trading on the Nasdaq Global Market under DSACU on December 9, 2025; ordinary shares and warrants are expected to trade as DSAC and DSACW after separation. BTIG is sole book-running manager and holds a 45-day option to purchase up to 3,375,000 additional units to cover over-allotments. The SEC declared the registration statement effective on December 8, 2025, and the offering is expected to close on December 10, 2025, subject to customary conditions.
Duddell Street Acquisition Corp. (Nasdaq: DSAC) announced the successful completion of its business combination with FiscalNote Holdings, Inc. FiscalNote's Class A common stock and warrants will begin trading on the New York Stock Exchange on August 1, 2022, under the ticker symbols 'NOTE' and 'NOTE WS'. The combined company aims for long-term growth backed by $425 million in capital, consisting of $175 million from the business combination and a senior secured term loan of up to $250 million. This transaction enhances FiscalNote's growth strategy and market position.
Duddell Street Acquisition Corp. (Nasdaq: DSAC) announced the approval of its business combination with FiscalNote Holdings, Inc. by 92.5% of shareholders at a special meeting held on July 27, 2022. The business combination is set to close on July 29, 2022, with the new company named "FiscalNote Holdings, Inc." The Class A common stock and warrants are expected to start trading on the New York Stock Exchange under the symbols "NOTE" and "NOTE WS" on August 1, 2022. FiscalNote provides global policy and market intelligence using AI technology.
Duddell Street Acquisition Corp. (DSAC) announced that the SEC has declared effective its registration statement related to the proposed business combination with FiscalNote, a leading AI-driven enterprise SaaS company. The extraordinary general meeting for shareholders is set for July 27, 2022, to approve the merger. Duddell Street encourages stockholders to vote "FOR" the proposals, as approximately 38% of its shares are already committed in favor. The transaction is expected to close shortly after approval, allowing FiscalNote to trade under the ticker symbol "NOTE" on the NYSE.
FiscalNote has secured up to $250 million in senior debt funding from Runway Growth Capital, ORIX Growth Capital, and Atalaya Capital Management. This funding will drive growth through investments in go-to-market capabilities and M&A strategy, while refinancing existing debt. Additionally, enhancements to the Business Combination Agreement with Duddell Street Acquisition Corp. (DSAC) include a bonus pool for non-redeeming shareholders and expanded earnout opportunities for equity holders. FiscalNote reaffirms its FY2022 revenue growth targets.
FiscalNote Holdings, Inc. is set to trade on the NYSE under the symbol NOTE following its business combination with Duddell Street Acquisition Corp (DSAC). The transaction aims to enhance FiscalNote's capital efficiency and innovation capabilities. Anticipated for Q2 completion, this merger will see Duddell Street de-list from Nasdaq. The listing is subject to NYSE approval, and regulatory processes are ongoing. This marks a significant step in FiscalNote's growth strategy, aiming to expand its AI-driven legal and regulatory data services.
FiscalNote Holdings Inc. reports strong preliminary financial results for Q4 and FY2021, exceeding estimates. Run-rate revenue increased by 69% YoY to $109M, surpassing the $108M forecast, while Q4 net revenue retention was 98.2%. The company reaffirms 2022 revenue guidance of $173M, a 58% increase from 2021, and expects organic growth of 25-30%. Several strategic acquisitions enhance its market position. FiscalNote aims for positive adjusted EBITDA by 2023 and is set to merge with Duddell Street Acquisition Corp. (DSAC) to become publicly traded.
Duddell Street Acquisition Corp (Nasdaq: DSAC) held a virtual Analyst Day on January 25, 2022, discussing its proposed business combination with FiscalNote Holdings, Inc., an AI-driven enterprise SaaS company. Key topics included transaction details, FiscalNote's technology, M&A strategies, and financial summaries. All materials from the event are available on the SEC website. The business combination is expected to complete in Q1 2022, subject to SEC approval and shareholder votes. Post-combination, FiscalNote's stock is anticipated to trade under the symbol 'NOTE.'