Company: DAAQ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110841
Chunk: 3

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 3
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 redemption value 
     —  
     —  
     —  
     (1,801,182) 
     (1,801,182)
  
    Net income 
     —  
     —  
     —  
     1,690,631  
     1,690,631 
  
    Balance at September 30, 2025 
     5,750,000  
    $575  
    $—  
    $(5,762,644) 
    $(5,762,069)

FOR THE NINE MONTHS ENDED SEPTEMBER 30, 2025

    Class B Ordinary Shares(1)  
    Additional Paid-in   
     Accumulated   
    Total Shareholders’
Equity 

    Shares  
    Amount  
    Capital  
    Deficit  
    (Deficit) 
  
    Balance at January 1, 2025 
     5,750,000  
    $575  
    $24,425  
    $(5,112) 
    $19,888 
  
    Proceeds from sale of Private Placement Warrants, less issuance costs 
     —  
     —  
     5,432,215  
     —  
     5,432,215 
  
    Proceeds from sale of Public Warrants, less issuance costs 
     —  
     —  
     468,608  
     —  
     468,608 
  
    Accretion of Class A ordinary shares subject to possible
    redemption to redemption value 
     —  
     —  
     (5,925,248) 
     (8,422,855) 
     (14,348,103)
  
    Net income 
     —  
     —  
     —  
     2,665,323  
     2,665,323 
  
    Balance at September 30, 2025 
     5,750,000  
    $575  
    $—  
    $(5,762,644) 
    $(5,762,069)

(1)At January 1, 2025, included up to 750,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option was not