Daedalus Special Acquisition Corp. announced the signing of a non-binding Letter of Intent with HUBX Yazılım Hizmetleri Anonim Şirketi for a proposed business combination that would take HubX public on The Nasdaq Stock Market. HubX is a Turkiye-based consumer AI company that designs and scales AI-powered applications, claiming over 600 million downloads and more than 100 million monthly active users. In connection with the transaction, HubX has received an investment of up to $75 million. The parties intend to negotiate definitive agreements subject to due diligence, shareholder and regulatory approvals, and other customary closing conditions. Daedalus Special Acquisition Corp. is a special purpose acquisition company formed to effect business combinations.