Babayigit Husnu Akin 4
4 · Daedalus Special Acquisition Corp. · Filed Jan 27, 2026
Research Summary
AI-generated summary of this filing
Daedalus (DSAC) CEO Husnu Akin Forfeits 291,667 Shares
What Happened Husnu Akin Babayigit, CEO of Daedalus Special Acquisition Corp., reported a disposition to the issuer on 2026-01-23 of 291,667 Class B ordinary shares. The filing shows these shares were forfeited back to the issuer (transaction code D) in connection with the partial exercise of the underwriters' over-allotment option; no sale price or cash proceeds are reported.
Key Details
- Transaction date: 2026-01-23. Form filed: 2026-01-27 (filed on time).
- Security: Class B ordinary shares (convertible into Class A on a 1-for-1 basis upon or immediately after the company’s initial business combination; no expiration). (Footnote F1)
- Amount disposed: 291,667 Class B ordinary shares. Price: N/A — disposition to issuer (forfeiture), not an open-market sale.
- Reason/footnote: Shares were owned by Daedalus Special Acquisition LLC (the sponsor) and were forfeited in connection with BTIG, LLC’s partial exercise of the over‑allotment option. Husnu Akin is a manager of the sponsor and has shared voting and dispositive power; he disclaims beneficial ownership other than any pecuniary interest. (Footnote F2)
- Shares owned after transaction: Not specified in the Form 4.
Context This was not a market sale by the CEO for cash; it was a forfeiture/return of sponsor-held Class B shares tied to underwriting mechanics. Class B shares will convert to Class A upon the company’s business combination, so the forfeited units relate to the pre-combination capital structure rather than an executive selling stock in the open market. The filing appears timely.
Insider Transaction Report
- Disposition to Issuer
Class B ordinary shares
[F1][F2]2026-01-23+291,667→ 8,333,333 total(indirect: See Footnote)→ Class A Ordinary Shares (291,667 underlying)
Footnotes (2)
- [F1]The Class B ordinary shares will automatically convert into Class A ordinary shares concurrently with or immediately following the consummation of the Issuer's initial business combination, or earlier at the option of the holders thereof on a one-for-one basis, subject to the adjustments. The Class B ordinary shares have no expiration date.
- [F2]Consists of shares owned by Daedalus Special Acquisition LLC (the "sponsor"). 291,667 Class B ordinary shares were forfeited to the Issuer in connection with the partial exercise of the over-allotment option by BTIG, LLC, the representative for the underwriters. Husnu Akin Babayigit is a manager of the sponsor and has shared voting and dispositive power over the shares owned by the sponsor. Husnu Akin Babayigit disclaims any beneficial ownership of the reported shares other than to the extent of any pecuniary interest he may have therein, directly or indirectly.