Daedalus Special Acquisition Business Summary

Daedalus Special Acquisition Corp. (DSAC) operates as a special purpose acquisition company (SPAC), a "blank check" entity designed to raise capital through an initial public offering (IPO) to facilitate a merger, asset acquisition, or business combination with a private enterprise. As of February 2026, the company does not generate operational revenue, with its financial model entirely dependent on the successful execution of a business combination within its mandated timeframe. DSAC specifically targets high-growth sectors including consumer-facing artificial intelligence (AI), mobile gaming, financial technology, and corporate finance, seeking to leverage public market access for profitable, fragmented companies. In the competitive landscape, DSAC vies for high-quality targets against other technology-focused SPACs such as IX Acquisition Corp and ClimateRock, positioning itself as a well-capitalized vehicle with a $250 million trust account and a strategic focus on AI-powered consumer applications. The company is led by Co-Chief Executive Officers Husnu Akin Babayigit and Orkun Kilic, alongside Chief Financial Officer Nimika Karadia. Babayigit brings a significant pedigree as a serial entrepreneur and co-founder of Tripledot Studios—one of Europe's fastest-growing gaming companies—and currently serves as Managing Director of Arcadia Interactive Partners. Kilic offers deep institutional finance expertise as the founder and CIO of Berry Street Capital, having previously served as a Managing Partner at Paulson Europe LLP. The leadership team is supported by a board of directors that includes Debra Schwartz, CFO of Goldbelly, and Bedii Can Yücaoğlu of MAP Investments. Notable institutional backing includes J. Goldman & Co., which recently disclosed a 5.79% passive stake in the company, signaling strong market confidence in the team’s ability to identify a premier AI or gaming target.