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
News Market Reaction – DSACU
On the day this news was published, DSACU gained 10.68%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
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
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?
When will DSAC units and shares begin trading on Nasdaq?
What are the warrant terms for DSAC units in the IPO?
Does the underwriter have an option to buy more DSAC units?
When is the DSAC offering expected to close and what regulatory step was completed?
Where can investors obtain the DSAC prospectus for the initial public offering?
