Daedalus Special Acquisition Corp. Announces the Upsized Pricing of $225 Million Initial Public Offering

Rhea-AI Summary

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.

Positive

• Offering size of $225,000,000
• Upsized issuance of 22,500,000 units at $10.00
• Warrant exercise price set at $11.50 per share
• Underwriter option for 3,375,000 additional units (45 days)

Negative

• No fractional warrants issued upon separation of units
• Offering closing subject to customary conditions on December 10, 2025

Key Figures

IPO size $225 million Upsized initial public offering

Units offered 22,500,000 units Initial public offering size

Unit price $10.00 per unit IPO offering price

Warrant coverage 1/4 redeemable warrant per unit Each unit’s warrant component

Warrant exercise price $11.50 per share Strike price for each whole warrant

Over-allotment option 3,375,000 units Underwriter’s 45-day option

Underwriter option period 45 days Period to exercise over-allotment option

SEC effectiveness date December 8, 2025 Registration statement declared effective

Market Reality Check

$10.04 Last Close

Volume Reported volume is 0 shares versus a 20-day average volume of 818,950 shares before this IPO pricing announcement. normal

Technical Recorded price of 0 sits below the 9.9 200-day MA and the prior 52-week range of 8.23–10.95 before the upsized IPO pricing.

Peers on Argus

Within Financial Services / Shell Companies, peers were mostly flat with one modest gainer: BLSA 0%, DYNX +2.48%, EBAC 0%, NTWO 0%, RACB 0%, indicating this SPAC IPO pricing is stock-specific rather than part of a broad sector move.

Market Pulse Summary

The stock surged +10.7% in the session following this news. A strong positive reaction aligns with investors welcoming clarity on Daedalus Special Acquisition Corp.’s upsized IPO terms, including 22,500,000 units at $10.00 and warrants exercisable at $11.50. Historically provided data show no prior news pattern for this ticker, so sustainability would depend on how the market later values the SPAC’s acquisition prospects and the trading behavior of the units, shares, and warrants after listing.

Key Terms

special purpose acquisition company financial

"a newly organized special purpose acquisition company formed as a Cayman Islands"

A special purpose acquisition company (SPAC) is a company formed with the sole purpose of raising money through a public offering to buy or merge with an existing private business. It acts like a vehicle that allows private companies to go public more quickly and with less complexity. For investors, it offers an opportunity to invest early in a potential acquisition, though it also carries risks if the intended deal doesn’t materialize.

initial public offering financial

"announced the upsized pricing of its initial public offering of 22,500,000 units"

An initial public offering (IPO) is when a private company first sells its shares to the public and becomes a stock-listed company. It matters because it allows the company to raise money from a wide range of investors, helping it grow, while giving early shareholders a way to sell some of their ownership.

Class A ordinary share financial

"each unit consisting of one Class A ordinary share and one-fourth of one redeemable warrant"

A Class A ordinary share is a type of common stock a company issues that carries a specific set of rights—most often particular voting power, dividend terms, or transfer rules—distinct from other share classes. For investors it matters because those rights affect control over company decisions, how income is paid out, and how easy shares are to buy or sell; think of it like a tiered ticket that gives different access and influence at the same event.

redeemable warrant financial

"one Class A ordinary share and one-fourth of one redeemable warrant"

A redeemable warrant is a financial tool that gives its holder the right to buy shares of a company at a fixed price within a certain period. If the holder chooses to do so, the company can buy back or cancel the warrant before it expires, often to encourage investment or manage share issuance. For investors, it provides an option to potentially buy shares at a favorable price while offering some flexibility for the issuing company.

registration statement regulatory

"A registration statement relating to the securities sold in the initial public offering was declared effective"

A registration statement is a formal document that companies file with a government agency to offer new shares of stock to the public. It provides essential information about the company's finances, operations, and risks, helping investors make informed decisions. Think of it as a detailed product description that ensures transparency and trust before buying into a company.

prospectus regulatory

"The offering is being made only by means of a prospectus."

A prospectus is a detailed document that explains a company's plans for offering new shares or investments to the public. It’s important because it provides potential investors with key information about the company’s business, risks, and how they might make money, helping them decide whether to invest. Think of it as a guidebook for understanding what you're buying into.

over-allotments financial

"a 45-day option to purchase up to an additional 3,375,000 units ... to cover over-allotments"

An over-allotment is a temporary extra batch of shares that the underwriters of a stock offering are allowed to sell beyond the original amount, with the right to buy those shares back later. Think of it as spare tickets sold to meet demand and then reclaimed if needed to keep the market orderly; it helps stabilize the stock price after an offering and can affect short-term supply and potential dilution, which matters to investors tracking price and ownership stakes.

AI-generated analysis. Not financial advice.

London, United Kingdom, Dec. 08, 2025 (GLOBE NEWSWIRE) -- Daedalus Special Acquisition Corp. (the “Company”), a newly organized special purpose acquisition company formed as a Cayman Islands exempted company and led by Co-Chief Executive Officers Husnu Akin Babayigit and Orkun Kilic, today announced the upsized pricing of its initial public offering of 22,500,000 units at an offering price of $10.00 per unit, with each unit consisting of one Class A ordinary share and one-fourth of one redeemable warrant. Each whole warrant will entitle the holder thereof to purchase one Class A ordinary share at $11.50 per share. The units are expected to trade on the Global Market tier of the Nasdaq Stock Market (“Nasdaq”) under the ticker symbol “DSACU” beginning December 9, 2025. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Once the securities comprising the units begin separate trading, the ordinary shares and the warrants are expected to be traded on Nasdaq under the symbols “DSAC” and “DSACW,” respectively.

BTIG, LLC is acting as sole book-running manager for the offering.

The Company has granted the underwriter a 45-day option to purchase up to an additional 3,375,000 units at the initial public offering price to cover over-allotments, if any. The offering is expected to close on December 10, 2025, subject to customary closing conditions.

A registration statement relating to the securities sold in the initial public offering was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on December 8, 2025. The offering is being made only by means of a prospectus. When available, copies of the prospectus may be obtained from: BTIG, LLC, 65 East 55th Street, New York, New York 10022, or by email at ProspectusDelivery@btig.com, or by accessing the SEC’s website at www.sec.gov.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Daedalus Special Acquisition Corp.

Daedalus Special Acquisition Corp. is a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. While the Company’s strategy allows for an initial business combination in any business or industry or at any stage of its corporate evolution, its primary focus is to build a diversified portfolio of profitable AI-powered consumer apps.

Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s initial public offering (“IPO”) and search for an initial business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the IPO filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Contacts:

Nimika Karadia
50 Sloane Avenue
London, SW3 3DD, United Kingdom
Telephone: +44 207 297 3592

FAQ

What did Daedalus Special Acquisition Corp (DSAC) price its IPO at and how many units were sold?

Daedalus priced an upsized IPO of 22,500,000 units at $10.00 per unit, for gross proceeds of $225,000,000.

When will DSAC units and shares begin trading on Nasdaq?

Units are expected to trade as DSACU beginning December 9, 2025; separated shares and warrants are expected as DSAC and DSACW.

What are the warrant terms for DSAC units in the IPO?

Each unit contains one-fourth of a warrant; each whole warrant is exercisable to buy one Class A share at $11.50 per share.

Does the underwriter have an option to buy more DSAC units?

Yes. BTIG has a 45-day option to purchase up to 3,375,000 additional units at the IPO price to cover over-allotments.

When is the DSAC offering expected to close and what regulatory step was completed?

The offering is expected to close on December 10, 2025, and the SEC declared the registration statement effective on December 8, 2025.

Where can investors obtain the DSAC prospectus for the initial public offering?

When available, copies of the prospectus may be requested from BTIG or accessed on the SEC website.