Daedalus Special Acquisition, a blank check company targeting consumer-facing AI and technology, filed on Wednesday with the SEC to raise up to $200 million in an initial public offering.
The company plans to raise $200 million by offering 20 million units at a price of $10.00. Each unit contains one share of common stock and one-fourth of one warrant, exercisable at $11.50. At the proposed deal size, the company would command a market cap of $273 million.
The company is being led by Co-CEO and Director Husnu Babayigit, who currently serves as Managing Director at Arcadia Interactive Partners, and also co-founded and serves as President of Tripledot Studios, Co-CEO and Director Orkun Kilic, the founder and CIO of Berry Street Capital, and CFO Nimika Karadia, COO and CFO of Berry Street Capital. The SPAC plans to target consumer AI, mobile games, financial technology, and corporate finance.
The London, United Kingdom-based company was founded in 2025 and plans to list on the Nasdaq under the symbol DSACU. BTIG is the sole bookrunner on the deal.
