Daedalus Special Acquisition Corp. (DSACW) Warrant
Each DSACW warrant gives the holder the right to buy 1 share of Daedalus Special Acquisition Corp. at $11.50 per share, for five years after the company completes its merger. The stock last closed at $10.14, below the strike, so the warrant is out of the money. Daedalus Special Acquisition Corp. has a market value of about $344.95M. Daedalus Special Acquisition Corp. is a SPAC (letter of intent signed with HubX Yazilim Hizmetleri A.S. (HubX, Turkey consumer AI)). It must complete a deal by December 10, 2027 or the warrants expire worthless. There are 6.25M listed warrants; exercising all of them would add 18.4% to the 34.02M shares outstanding.
Key terms
- Strike per share
- $11.50
- Shares per warrant
- 1
- Cash to exercise one warrant
- $11.50
- Expiry
- merger + 5 years
- Redemption trigger
- $18.00
- Cashless exercise
- no
- Break-even stock price
- $12.12
From the issuer's S-1/A (2025-11-24).
Company and stock
- Company
- Daedalus Special Acquisition Corp.
- Underlying stock
- DSAC
- Share price
- $10.14
- Market cap
- $344.95M
- Shares outstanding
- 34.02M
- Range since Jan 2026
- $9.91 – $10.19
- Change since Jan 2026
- +1%
- Value of all listed warrants
- $3.88M (1.1% of market cap)
- Industry
- Blank check company (SPAC)
- Head office
- London
- Incorporated in
- Cayman Islands
Market cap is the last share price times shares outstanding (as of 10-Q 2026-). Industry and head office are as the company reports them to the SEC. All SEC filings for this company.
Model value vs price Pro
- Model value
- Last price
- $0.6202
- Price / model
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Dilution
- Shares outstanding
- 34.02M
- Listed warrants
- 6.25M
- Dilution if all exercised
- 18.4%
Warrant count from filing iXBRL: PublicWarrantsMember.
SPAC deal
- Status
- letter of intent signed
- Target
- HubX Yazilim Hizmetleri A.S. (HubX, Turkey consumer AI)
- Deal announced
- —
- Deadline
- 2027-12-10
- Latest possible deadline
- 2027-12-10
- Trust per share
- $10.20
- Sponsor
- Daedalus Special Acquisition LLC
- Sponsor's earlier SPACs
- 0 (0 closed a deal)
- Chance of a deal
A SPAC warrant is worth nothing if no deal closes by the deadline.
Filings and events
Questions about DSACW
When does the DSACW warrant expire?
Five years after the SPAC completes its merger; if no merger closes by the deadline, the warrants expire worthless.
What is the strike price of DSACW?
$11.50 per share; each warrant converts into 1 share, so exercising one warrant costs $11.50.
How many DSACW warrants are outstanding?
6.25M listed warrants, equal to 18.4% dilution if all are exercised.
Related warrants
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