Daedalus Special Acquisition signs LOI with Turkey-based HubX for Nasdaq listing plan
DSAC•Daedalus signs non-binding letter of intent with HubX
Daedalus Special Acquisition Corp. signed a non-binding letter of intent for a business combination with Türkiye-based consumer AI app developer HubX.
The transaction would take HubX public with its securities listed on Nasdaq, subject to definitive agreements, due diligence, approvals and closing conditions.
HubX was founded in 2022, focuses on AI-powered consumer apps, and reports more than 600 million downloads and over 100 million monthly users.
HubX has received an investment of up to $75 million in connection with the proposed deal.
