Welcome to our dedicated page for Daedalus Special Acquisition SEC filings (Ticker: DSACU), a comprehensive resource for investors and traders seeking official regulatory documents including 10-K annual reports, 10-Q quarterly earnings, 8-K material events, and insider trading forms.
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. Although the Company's efforts to identify a prospective business combination opportunity will not be limited to a particular industry, it intends to focus on global companies in telecom, media and technology, healthcare, fintech and consumer sectors with compelling Asian growth potential.Daedalus Special Acquisition Corp. reported that it completed its initial public offering on December 10, 2025, selling 25,000,000 units at $10.00 per unit, including 2,500,000 units issued through a partial over-allotment exercise, for gross proceeds of $250,000,000. Each unit includes one Class A ordinary share and one-fourth of a redeemable warrant, with each whole warrant allowing the holder to buy one Class A ordinary share at $11.50 per share, subject to adjustment.
At the same time, the company completed a private placement of 685,000 units to its sponsor and BTIG, LLC at $10.00 per unit, generating $6,850,000 in proceeds. The company states that $250,000,000 of net proceeds from the IPO and private placement, including $8,750,000 in deferred underwriting commissions, was deposited into a trust account established for the benefit of its public shareholders, and it has provided an audited balance sheet as of December 10, 2025 as an exhibit.
Daedalus Special Acquisition Corp. completed its initial public offering of 25,000,000 units at $10.00 per Unit, raising gross proceeds of $250,000,000. Each Unit includes one Class A ordinary share and one-fourth of one redeemable warrant, with each whole warrant exercisable for one Class A share at $11.50.
At closing, a total of $250,000,000 of net proceeds from the IPO and a concurrent private placement, including $8,750,000 in deferred underwriting commissions, was placed in a trust account for the benefit of public shareholders. The company also sold 685,000 Private Units at $10.00 per unit for $6,850,000 to its sponsor and BTIG, adopted amended and restated charter documents, and entered into customary SPAC agreements covering warrants, registration rights, indemnification, trust management, and administrative services.
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