Company: DAAQ
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001213900-25-034368
Chunk: 182

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-23
Form: S-1/A
Chunk 182
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 conversion price of $1.00 per warrant                                                            |     | Working capital loans to finance transaction costs in connection with an initial business combination. Up to $1,500,000 of such loans may be converted at the option of the lender into private placement warrants at a conversion price of $1.00 per warrant |
| DAAQ Sponsor LLC, officers, directors, or their respective affiliates |     | Reimbursement for any out-of-pocket expenses related to identifying, investigating, negotiating and completing an initial business combination           |     | Expenses incurred in connection with identifying, investigating, negotiating and completing an initial business combination                                                                                                                                   |
| DAAQ Sponsor LLC, officers, directors, or their respective affiliates |     | Payment of consulting, success or finder’s fees in connection with completing an initial business combination                                            |     | Any services in order to effectuate the completion of our initial business, which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account                                                |
| DAAQ Sponsor LLC                                                      |     | Payment of referral fees from broker managing the trust account investments                                                                              |     | A referral fee of $7,500 per month will be paid by the broker managing the trust account investments                                                                                                                                                          |

____________ (1)Assumes surrender of 750,000 founder shares. Up to 750,000 founder shares will be surrendered to us for no consideration depending on the extent to which the underwriters’ over -allotmentoption is exercised.

120 (2)As described elsewhere in this prospectus, the Class B ordinary shares and Class A ordinary shares issuable in connection with the conversion of the founder shares may result in material dilution to our public shareholders due to the nominal price of $25,000, or $0.004 per founder share, at which our sponsor purchased the founder shares and/or the anti -dilutionrights of our Class B ordinary shares that may result in an issuance of Class A ordinary shares on a greater than one -to-onebasis upon conversion. Further, if we increase or decrease the size of the offering, we will effect a share capitalization or a share repurchase or redemption or other appropriate mechanism, as applicable, with respect to our Class B ordinary shares immediately prior to the consummation of this offering in such amount as to maintain the number of founder shares at 25% of our issued and outstanding ordinary shares upon the consummation of this offering (excluding the private placement shares included in the private placement units and Class A