Daedalus Acquisition is a Special Purpose Acquisition Company (SPAC) — a blank check company with no operations or revenue. Daedalus raised $250M in its IPO in December 2025, with proceeds held in trust pending an acquisition. Daedalus has 24 months from the IPO close to complete a deal, or it must return the trust funds to shareholders. Daedalus is focused on acquiring a target in the consumer AI sector — specifically, profitable, subscription-driven consumer apps powered by AI, such as AI writing assistants, productivity tools, or health and wellness apps. The acquisition strategy follows a three-part roll-up playbook: acquire one high-quality anchor consumer AI app, apply operational expertise in user acquisition and monetization to grow it, then use that platform to consolidate additional AI app businesses. This mirrors what Co-CEO Husnu Akin Babayigit built at Tripledot Studios, a mobile gaming company he co-founded that grew to roughly $2B in annual revenue. Co-CEO Orkun Kilic is the founder of Berry Street Capital, an event-driven hedge fund, and brings M&A and investing experience from Paulson & Co. and Morgan Stanley. The management team combines mobile app operational expertise with deal-making experience — the core asset in any SPAC structure. Public shareholders can redeem shares for approximately $10 each plus trust interest if they choose not to participate in a deal, limiting downside.