Daedalus Special Acquisition Corp (DSAC) is a blank-check company incorporated in the Cayman Islands that was formed for the purpose of completing a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. It generates no operating revenue. The company raised proceeds through an IPO that closed on December 10, 2025, with funds held in a trust account pending completion of an initial business combination. A simultaneous private placement of 685,000 private units to its sponsor, Daedalus Special Acquisition LLC, and underwriter BTIG, LLC at $10.00 per unit generated $6,850,000 in additional proceeds (as of December 10, 2025). DSAC has a completion window of 24 months from IPO closing to consummate an initial business combination, after which it faces potential liquidation. The company is incorporated in the Cayman Islands, registered under Section 12 of the Exchange Act, and filed its 10-K for the fiscal year ended December 31, 2025 on March 27, 2026.

Revenue model

DSAC has no operating revenue. Capital was raised via IPO and private placement, with proceeds held in trust. The economic model is contingent on completing an initial business combination; absent that, funds are returned to public shareholders.

Products and services

Class A and Class B ordinary shares (par value $0.0001 per share), redeemable warrants entitling holders to purchase one Class A ordinary share at $11.50 per share (subject to adjustment), and units consisting of one Class A ordinary share and one-fourth of one redeemable warrant, as described in filings dated December 2025.

Customers and end markets

Public shareholders holding Class A ordinary shares. The sponsor, Daedalus Special Acquisition LLC, held 8,768,333 shares representing approximately 25.78% of outstanding shares as of the filing date. BTIG, LLC served as underwriter representative and purchased 250,000 private units.

Value-chain role

DSAC is a special purpose acquisition company (SPAC) serving as an acquisition vehicle. It identifies, evaluates, and negotiates a business combination with a private target, providing that target a path to public markets.

Geographic exposure

Incorporated in the Cayman Islands. Registered with the SEC in the United States. No operating business or geographic revenue exposure disclosed as of the 10-K filed March 27, 2026.

Source: SEC 10-K, filed 2026-03-27

Industry: Blank Checks