Daedalus Special Acquisition Stock Price, News & Analysis

DSAC is the stock ticker historically associated with Duddell Street Acquisition Corp., a publicly traded special purpose acquisition company, or SPAC. According to multiple company communications, Duddell Street Acquisition Corp. was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It has been described as a publicly traded special purpose acquisition company with its Class A ordinary shares traded on Nasdaq under the symbol DSAC.

Business purpose and SPAC structure

Duddell Street Acquisition Corp. states that it was created to pursue a business combination with an operating company. As a SPAC, its core objective is not to run an operating business itself but to identify and complete a merger or similar transaction with another company. Company disclosures explain that Duddell Street is sponsored by Hong Kong-based hedge fund Maso Capital, which has invested in many companies and situations across multiple sectors and geographies. The SPAC framework allows Duddell Street to raise capital and then seek a suitable target for a combination.

In public materials, Duddell Street highlights that Maso Capital has had investments in technology, media and telecommunications (TMT), healthcare, fintech and consumer companies in its region. These references provide context for the types of sectors that the sponsor has experience with, although Duddell Street’s stated mandate is broadly to effect a business combination with one or more businesses rather than being limited to a single industry.

Business combination with FiscalNote

News releases describe a proposed and then completed business combination between Duddell Street Acquisition Corp. and FiscalNote Holdings, Inc., an AI-driven enterprise SaaS company that delivers legal and regulatory data and insights. Duddell Street and FiscalNote announced a definitive business combination agreement, under which FiscalNote would become a publicly listed company. Subsequent communications report that shareholders of Duddell Street approved the business combination and that the transaction was completed, with the combined company named FiscalNote Holdings, Inc.

Following completion of the business combination, FiscalNote’s Class A common stock and warrants were expected to trade on the New York Stock Exchange under the ticker symbols NOTE and NOTE WS. Company announcements also state that, upon closing, Duddell Street Acquisition Corp. would de-list from Nasdaq as part of the transition to the combined company structure. These statements position DSAC as a historical symbol linked to the SPAC that merged with FiscalNote rather than an ongoing standalone operating company.

Relationship to FiscalNote

The news flow around DSAC focuses heavily on FiscalNote. FiscalNote is described in the releases as a technology provider of global policy and market intelligence, combining AI capabilities, expert analysis, and legislative, regulatory, and geopolitical data. While these details relate to FiscalNote rather than Duddell Street itself, they explain the nature of the operating business that Duddell Street selected as its combination partner.

From an investor’s perspective, DSAC therefore represents the SPAC vehicle that facilitated FiscalNote’s listing. Historical communications from Duddell Street and FiscalNote discuss registration statements on Form S-4, proxy statements/prospectuses, shareholder meetings to approve the business combination, and related transaction terms. These documents and announcements form the primary record of DSAC’s corporate activity.

Status and historical context

Based on the available news, Duddell Street Acquisition Corp. completed its business combination with FiscalNote Holdings, Inc., after shareholder approval and regulatory clearance. After closing, the combined company’s equity was expected to trade on the NYSE under the NOTE ticker, and Duddell Street’s Nasdaq listing would cease. As a result, DSAC is best understood as the historical SPAC entity and ticker associated with that transaction, rather than a symbol for an independent operating company after the merger.

Investors researching DSAC today are often looking for background on the SPAC’s role in FiscalNote’s path to the public markets, details of the proxy process, and the structure of the transaction. Company communications emphasize that completion of the business combination was subject to the effectiveness of the registration statement with the U.S. Securities and Exchange Commission, shareholder approval, and other customary closing conditions, all of which were addressed through the disclosed process.

SPAC and sponsor background

In its public descriptions, Duddell Street notes that it is sponsored by Maso Capital, a Hong Kong-based hedge fund. The sponsor’s experience in TMT, healthcare, fintech and consumer investments in the region is cited as part of the rationale for forming the SPAC and pursuing a business combination. While Duddell Street itself does not describe operating segments or products, its stated purpose and sponsor background give context to the type of transaction it ultimately executed with FiscalNote.

How DSAC fits within its sector classification

Although the stock is classified under an administrative and support sector category, the narrative around DSAC centers on its role as a special purpose acquisition company. Its activities revolve around capital raising, regulatory filings, shareholder approvals, and the execution of a merger with an operating business. For users examining DSAC, the key information lies in understanding the SPAC structure, the completed combination with FiscalNote, and the resulting transition of trading to the NOTE symbol on the New York Stock Exchange.