The IPO Buzz: London’s Daedalus Acquisition Raises $225 Million

London Calling: Daedalus Special Acquisition Corp. (DSACU) increased its SPAC IPO’s size to 22.5 million units at pricing – up from 20 million units in the prospectus – and raised $225 million on Monday night, Dec. 8, 2025. The SPAC IPO was priced at $10.00 per unit, which is standard for a SPAC deal. Each unit consists of one share of stock and one-fourth of one redeemable warrant.

Daedalus’ units started trading at $10.04 – up 4 cents from their SPAC IPO price – in their NASDAQ debut today – Tuesday, Dec. 9, 2025. At mid-afternoon, Daedalus was trading at $10.05.

This SPAC intends to focus its search for a target company on entities involved in consumer AI, FinTech (financial technology), mobile games and corporate finance, according to the prospectus.

The IPO Buzz: London’s Daedalus Acquisition Raises $225 Million

This SPAC intends to focus its search for a target company on entities involved in consumer AI, FinTech (financial technology), mobile games and corporate finance, according to the prospectus.

Co-CEO Husnu Babayigit is a managing director at Arcadia Interactive Partners.

Co-CEO Orkun Kilic is the founder and CIO of Berry Street Capital.