Daedalus Special Acquisition(US:DSACU)2026-03-27 21:20Financial Performance - The company had a net income of $370,459 for the period from August 7, 2025, to December 31, 2025, primarily from interest earned on investments held in the Trust Account of $535,814[97]. - Cash used in operating activities from August 7, 2025, to December 31, 2025, was $228,357, with changes in operating assets and liabilities using $35,002 of cash[100]. - The company does not expect to generate operating revenues until after the completion of a business combination[96]. IPO and Fundraising - The IPO generated gross proceeds of $250,000,000 from the sale of 25,000,000 units at $10.00 per unit, with an additional $6,850,000 raised from the sale of 685,000 private placement units[98]. - The company incurred transaction costs of $14,449,003 related to the IPO, including a cash underwriting fee of $5,000,000 and a deferred underwriting fee of $8,750,000[99]. - The underwriters were paid a cash underwriting discount of $5,000,000, with a contingent deferred fee of $8,750,000 payable upon completion of a business combination[107]. Assets and Investments - As of December 31, 2025, the company had investments held in the Trust Account totaling $250,535,814, which will be used to complete a business combination[101]. - As of December 31, 2025, the company had cash of $1,071,605 available for identifying and evaluating target businesses[102]. - The company has no long-term debt or off-balance sheet arrangements as of December 31, 2025[105]. Future Funding Needs - The company does not believe it will need to raise additional funds to meet operating expenditures prior to the business combination[104].