Daedalus Special Acquisition, a blank check company based in the UK targeting consumer-facing AI and technology, raised $225 million by offering 22.5 million units at $10.00. The company offered 2.5 million more units than anticipated. Each unit consists of one share of common stock and one-fourth of a warrant, exercisable at $11.50.
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.
Daedalus Special Acquisition plans to list on the Nasdaq under the symbol DSACU. BTIG acted as sole bookrunner on the deal.
