Danneskjold & Galt Acquisition Co Filed SPAC Primary

What the company does

Danneskjold and Galt Acquisition Company is a blank check company incorporated as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. It has not selected any business combination target and has not initiated any substantive discussions with any target. While it may pursue an initial business combination target in any industry, it currently intends to concentrate its efforts on identifying businesses in the financial technology and artificial intelligence industry sectors.

Use of proceeds

The company is offering 15,000,000 units at an offering price of $10.00 per unit. Of the proceeds from this offering and the sale of the private placement units, $150 million (or $172.5 million if the underwriters' over-allotment option is exercised in full, at $10.00 per unit in either case) will be placed into a U.S.-based trust account with Continental Stock Transfer & Trust Company acting as trustee. The approximately $1,200,000 of net proceeds not held in the trust account will be used for legal, accounting, due diligence, travel and other expenses in connection with any business combination; legal and accounting fees related to regulatory reporting obligations; Nasdaq and other regulatory fees; reimbursement for office space and administrative support; directors' and officers' liability insurance; and working capital to cover miscellaneous expenses.

Underwriters

Extracted from S-1 0001185185-26-003333, filed Aug 7, 2026 and verified against that filing text.

Key risk factors

• Nominal founder share purchase price may cause dilution

  “The nominal purchase price paid by our sponsor for the founder shares may result in significant dilution to the implied value of your public shares upon the consummation of our initial business combination.”

• Sponsor may lose investment, creating conflict of interest

  “Since our sponsor, officers and directors, any other holder of our founder shares, may lose their entire investment in us if our initial business combination is not completed (other than with respect to public shares they may acquire during or after this offering), a conflict of interest may arise in determining whether a particular business combination target is appropriate for our initial business combination.”

• Loss of founder shares may incentivize poor target selection

  “The low price that our sponsor, executive officers and directors (directly or indirectly) paid for the founder shares creates an incentive whereby our officers and directors could potentially make a substantial profit even if we select an acquisition target that subsequently declines in value and is unprofitable for public shareholders.”

• No protections of Rule 419 blank check offerings

  “Investors will not be entitled to protections normally afforded to investors in Rule 419 blank check offerings.”

• No selected business combination target or discussions

  “We have not selected any business combination target, and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.”