Daedalus Special Acquisition Corp. completes IPO, raises $250M; $250M placed in trust

Daedalus Special Acquisition Corp.

Closed IPO of 25M units at $10 each, including 2.5M over-allotment units; gross proceeds $250M.
Private placement of 685,000 units at $10 each to sponsor and BTIG; gross proceeds $6.85M.
Net proceeds of $250M deposited into trust account; includes $8.75M deferred underwriting commissions.
Audited balance sheet shows cash $1.21M, trust $250M, total assets $251.2M; shareholders' deficit ($7.69M).
Company has 24 months to complete initial business combination; no target selected yet.

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