Daedalus Special Acquisition(US:DSACU)2026-01-20 22:00Financial Performance - As of September 30, 2025, the company reported a net loss of $66,193, primarily due to formation, general, and administrative expenses [104]. - The company had a working capital deficit of $192,695 as of September 30, 2025 [105]. Initial Public Offering - The company completed its Initial Public Offering on December 10, 2025, raising gross proceeds of $250,000,000 from the sale of 25,000,000 Units at $10.00 per Unit [107]. - Offering costs incurred during the Initial Public Offering totaled $14,449,003, which included a cash underwriting fee of $5,000,000 and a deferred underwriting fee of $8,750,000 [107]. - A total of $250,000,000 from the Initial Public Offering proceeds was placed in a Trust Account, intended for investment in U.S. government treasury obligations or money market funds [108]. Future Expenses and Financing - The company anticipates incurring increased expenses related to being a public company, including legal, financial reporting, and compliance costs [103]. - The company intends to use funds from the Trust Account for its initial business combination and working capital needs [111]. - The company may need to seek additional financing to complete its initial business combination if cash requirements exceed available funds from the Trust Account [115]. Business Combination Status - The company has not yet identified a specific business combination target and has not engaged in substantive discussions regarding potential targets [101]. - The company has no long-term debt or capital lease obligations as of the reporting date [116].