UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
SCHEDULE 13D
Under the Securities Exchange Act of 1934
(Amendment No.___)
DAEDALUS VENTURES, INC.
(Name of Issuer)
Common Stock, $0.0001 Par Value
(Title of Class of Securities)
To be applied for
(CUSIP Number)
William Tay
P.O. Box 42198
Philadelphia, PA 19101
(215) 405-8018
(Name, Address and Telephone Number of Person Authorized to
Receive Notices and Communications)
November 22, 2010
(Date of Event Which Requires Filing of this Statement)
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition that is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(e), (f) or (g), check the following box. [ ]
Note: Schedules filed in paper format shall include a signed original and five
copies of the schedule, including all exhibits. See Rule 13d-7(b) for other
parties to whom copies are to be sent.
The remainder of this cover page shall be filled out for a reporting person's
initial filing on this form with respect to the subject class of securities, and
for any subsequent amendment containing information which would alter
disclosures provided in a prior cover page.
The information required on the remainder of this cover page shall not be deemed
to be "filed" for the purpose of Section 18 of the Securities Exchange Act of
1934 ("Act") or otherwise subject to the liabilities of that section of the Act
but shall be subject to all other provisions of the Act (however, see the
Notes).
SCHEDULE 13D
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CUSIP NO. To be applied for Page 2 of 5 Pages
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1 NAMES OF REPORTING PERSON
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSON
William Tay
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2 CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP* (a) [ ]
(b) [ ]
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3 SEC USE ONLY
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4 SOURCE OF FUNDS*
PF
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5 CHECK BOX IF DISCLOSURE OF LEGAL PROCEEDINGS IS REQUIRED PURSUANT
TO ITEMS 2(d) OR 2(e) [ ]
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6 CITZENSHIP OR PLACE OF ORGANIZATION
United States
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7 SOLE VOTING POWER
31,390,000 shares of Common Stock
NUMBER OF ---------------------------------------------------------
SHARES 8 SHARED VOTING POWER
BENEFICIALLY -0-
OWNED BY ---------------------------------------------------------
EACH 9 SOLE DISPOSITIVE POWER
REPORTING 31,390,000 shares of Common Stock
PERSON ---------------------------------------------------------
WITH 10 SHARED DISPOSITIVE POWER
-0-
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11 AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
31,390,000 shares of Common Stock
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12 CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (11) EXCLUDES CERTAIN SHARES* [ ]
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13 PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW (11)
100% of Common Stock
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14 TYPE OF REPORTING PERSON*
IN
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SCHEDULE 13D
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CUSIP NO. To be applied for Page 3 of 5 Pages
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ITEM 1. SECURITY AND ISSUER
This statement relates to the common stock, $0.0001 par value, of Daedalus
Ventures, Inc., a Delaware corporation ("Issuer"). The address of Issuer's
principal office is c/o William Tay, P.O. Box 42198, Philadelphia, PA 19101.
ITEM 2. IDENTITY AND BACKGROUND
(a) Name
William Tay
(b) Business Address
P.O. Box 42198
Philadelphia, PA 19101
(c) Present Principal Occupation
Mr. Tay is the President and Chief Executive Officer of the
Issuer and is engaged in consulting business for publicly held
companies.
(d) During the last five years, Mr. Tay has not been convicted in a
criminal proceeding (excluding traffic violations or similar
misdemeanors).
(e) During the last five years, Mr. Tay has not been a party to a
civil proceeding of a judicial or administrative body of competent
jurisdiction as a result of which he was or is subject to a judgment,
decree or final order enjoining future violations of, or prohibiting
or mandating activities subject to, federal or state securities laws
or finding any violation with respect to such laws.
(f) Citizenship
United States.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION
On August 12, 2010, the Issuer issued Mr. Tay 31,390,000 shares of its common
stock in exchange for incorporation fees and annual resident agent fees in the
State of Delaware, and developing its business concept and plan, valued at
$3,139.
SCHEDULE 13D
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CUSIP NO. To be applied for Page 4 of 5 Pages
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ITEM 4. PURPOSE OF TRANSACTION
Mr. Tay may cause Daedalus Ventures, Inc. (the "Company") to seek a suitable
acquisition candidate through acquisition, merger, reverse merger or other
suitable business combination method, or Mr. Tay may seek to sell a controlling
interest in the Company to a third party.
Except for the foregoing, Mr. Tay has no present intent or proposals that
relate to or would result in: (i) the acquisition by any person of additional
securities of the Company, or the disposition of securities of the Company;
(ii) an extraordinary corporate transaction, such as a merger, reorganization
or liquidation, involving the Company or any of its subsidiaries; (iii) a sale
or transfer of a material amount of assets of the Company or any of its
subsidiaries; (iv) any change in the present Board of Directors or management
of the Company, including any plans or proposals to change the number or term
of Directors or to fill any vacancies on the Board; (v) any material change in
the present capitalization or dividend policy of the Company; (vi) any other
material change in the Company's business or corporate structure; (vii) any
other material change in the Company's charter, bylaws or instruments
corresponding thereto or other actions which may impede the acquisition of
control of the Company by any person; (viii) causing a class of securities of
the Company to be delisted from a national securities exchange or to cease to
be authorized to be quoted in an inter-dealer quotation system of a registered
national securities association; (ix) a class of equity securities of the
Company becoming eligible for termination of registration pursuant to Section
12 (g) (4) of the Exchange Act or (x) any action similar to those enumerated
above.
Mr. Tay reserves the right to determine in the future whether to change the
purpose or purposes described above or whether to adopt plans or proposals of
the type specified above.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER
(a) Aggregate Number and Percentage of Securities
According to the most recently available information, there are
approximately 31,390,000 shares of Issuer common stock outstanding.
Mr. Tay beneficially owns 31,390,000 shares of Issuer common
stock or 100 % of the outstanding shares.
(b) Power to Vote and Dispose
Mr. Tay has sole power to vote, or to direct the voting of, and
the sole power to dispose or to direct the disposition of the
31,390,000 shares of the Issuer common stock owned directly by him.
(c) Transactions within the Past 60 Days
Mr. Tay acquired the common stock as a result of the transactions
discussed in Item 3, above.
SCHEDULE 13D
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CUSIP NO. To be applied for Page 5 of 5 Pages
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(d) Certain Rights of Other Persons
No other person has the right to receive or the power to direct the
receipt of dividends from or the proceeds from the sale of the
securities beneficially owned by Mr. Tay.
(e) Not applicable.
ITEM 6. CONTRACTS, ARRANGEMENTS, UNDERSTANDINGS OR RELATIONSHIPS WITH RESPECT TO
SECURITIES OF THE ISSUER
Not applicable.
ITEM 7. MATERIAL TO BE FILED AS EXHIBITS
Not applicable.
SIGNATURE
After reasonable inquiry and to the best of my knowledge and belief, I certify
that the information set forth in this statement is true, complete and correct.
January 6, 2011
(Date)
/s/ William Tay
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Signature
William Tay
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Name