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Daedalus Special Acquisition swings to Q1 FY26 net income of $2.03 million
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Daedalus Special Acquisition swings to Q1 FY26 net income of $2.03 million
  • Daedalus Special Acquisition posted net income of $2.03 million for the quarter ended March 31, 2026, driven by $2.23 million of interest income from investments held in the Trust Account.
  • Formation, general and administrative expenses totaled $272,681, while results also included a $77,000 gain from expiration of the over-allotment liability.
  • Investments held in the Trust Account rose to $252.76 million, while cash outside the trust stood at $774,387.
  • Cash used in operating activities was $278,253, with the company continuing to focus on identifying a target for an initial business combination.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Daedalus Special Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-055212), on May 12, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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