Daedalus Special Acquisition Corp. filed its quarterly report on Form 10-Q with the SEC on August 11, 2026, covering the three and six months ended June 30, 2026, disclosing financial results and balance sheet details for the blank-check company listed on NASDAQ:DSAC.

Key Highlights

  • Net income: The company reported net income of $4,161,584 for the six months ended June 30, 2026, and $2,131,322 for the three months ended June 30, 2026.
  • Trust Account: Cash and marketable securities held in the Trust Account totaled $255,013,216 as of June 30, 2026, up from $250,535,814 at December 31, 2025.
  • Redemption value: The 25,000,000 Class A ordinary shares subject to possible redemption carried a redemption value of $10.20 per share at June 30, 2026, compared to $10.02 per share at December 31, 2025.
  • Shareholders' deficit: Total shareholders' deficit was $(8,055,176) at June 30, 2026, versus $(7,739,358) at December 31, 2025, with accumulated deficit of $(8,056,079).
  • Class B share forfeiture: The sponsor forfeited 291,667 Class B ordinary shares subsequent to December 31, 2025, following partial exercise of the over-allotment option by underwriters.
  • Operating cash outflow: Net cash used in operating activities for the six months ended June 30, 2026 was $(425,645), with cash on hand declining to $626,995 from $1,071,605 at the start of the period.

Daedalus SPAC Q2 2026: Trust Growth, Share Forfeiture, and Operating Losses

According to the filing, Daedalus Special Acquisition Corp. (NASDAQ:DSAC), a Cayman Islands-incorporated blank-check company headquartered at 50 Sloane Avenue, London, SW3 3DD, United Kingdom, reported a net income of $4,161,584 for the six months ended June 30, 2026. The filing indicates that the primary driver of income was $4,477,402 earned on cash and marketable securities held in the Trust Account, partially offset by formation, general and administrative expenses of $392,818, which produced an operating loss of $(392,818). A gain of $77,000 on the expiration of the over-allotment option liability was also recognized during the six-month period, according to the filing.

The company disclosed that as of June 30, 2026, total assets stood at $255,783,419, with the Trust Account comprising the largest component at $255,013,216. Total liabilities were $8,825,379, including $8,750,000 in deferred underwriting commissions classified as non-current. The filing notes that as of August 10, 2026, there were 25,685,000 Class A ordinary shares and 8,333,333 Class B ordinary shares issued and outstanding. On the balance sheet, 25,000,000 Class A shares are classified as subject to possible redemption at a value of $10.20 per share, while 685,000 Class A shares and all Class B shares are held outside of the redemption classification.

The filing further discloses that the sponsor forfeited 291,667 Class B ordinary shares subsequent to December 31, 2025, after the underwriters partially exercised the over-allotment option on December 10, 2025, leaving 833,333 Class B shares no longer subject to forfeiture. The company identifies itself as a shell company, a smaller reporting company, and an emerging growth company. Net cash used in operating activities totaled $(425,645), and net cash used in financing activities totaled $(18,965), reflecting payment of offering costs.

What Was Disclosed

The 10-Q filing covers Daedalus Special Acquisition Corp.'s unaudited financial statements for the quarter and six months ended June 30, 2026, including income, balance sheet position, Trust Account balances, share counts, and the forfeiture of Class B founder shares.