Company: DAAQ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110841
Chunk: 77

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 77
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 Examples of Level 2 inputs include quoted prices in active markets for similar assets or liabilities and quoted prices
for identical assets or liabilities in markets that are not active.

Level 3: Unobservable inputs based on assessment of the assumptions that market participants would use in pricing the asset or liability.

The following table presents information
about the Company’s assets that are measured at fair value as of September 30, 2025 and December 31, 2024 and
indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Level  
    September 30, 
2025  
    December 31,
2024 
  
    Marketable securities held in Trust Account 
     1  
    $175,466,068  
    $— 

The Company does not have any liabilities that are measured at fair
value on a recurring basis.

NOTE 10. SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions
that occurred after the unaudited condensed balance sheet date up to the date that the unaudited condensed financial statements were issued.
Based upon this review, the Company did not identify any subsequent events that would have required adjustment or disclosure in the unaudited
condensed financial statements.

20

ITEM 2. MANAGEMENT’S DISCUSSION AND ANALYSIS
OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

References
in this report (the “Quarterly Report”) to “we,” “us” or the “Company” refer to Digital
Asset Acquisition Corp. References to our “management” or our “management team”
refer to our officers and directors, and references to the “Sponsor” refer to DAAQ Sponsor LLC.
The following discussion and analysis of the Company’s financial condition and results of operations should be read in conjunction
with the unaudited condensed financial statements and the notes thereto contained elsewhere in this Quarterly Report. Certain information
contained in the discussion and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

Special
Note Regarding Forward-Looking Statements

This Quarterly
Report includes “forward-looking statements” that are not historical facts and involve risks and uncertainties that could
cause actual results to differ materially from those expected and projected. All statements, other than statements of historical fact
included in this Quarterly Report including, without limitation, statements in this “Management’s Discussion and Analysis
of Financial Condition and Results of Operations” regarding the Company’s financial position, business strategy and the plans
and objectives of management