Company: DAAQ
Filing Date: 2025-06-12
Form Type: 10-Q
Source: 0001213900-25-053846
Chunk: 13

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-06-12
Form: 10-Q
Item: Item 8
Chunk 13
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the Chief Financial Officer, who reviews the operating results for the Company as a whole to make decisions about allocating resources
and assessing financial performance. Accordingly, management has determined that the Company only has one reportable segment.

11

DIGITAL ASSET ACQUISITION CORP. 

NOTES TO CONDENSED FINANCIAL STATEMENTS

MARCH 31, 2025

(UNAUDITED)

The CODM assesses performance for the single segment
and decides how to allocate resources based on net income or loss that also is reported on the statement of operations as net income or
loss. The measure of segment assets is reported on the balance sheets as total assets. When evaluating the Company’s performance
and making key decisions regarding resource allocation, the CODM reviews several key metrics included in net income or loss and total
assets, which include the following:

    March 31,
 2025  
    December 31, 
2024 
  
    Deferred offering costs 
    $201,170  
    $25,000 
  
    Total Assets 
    $201,170  
    $25,000 

    For the three months ended  March 31, 2025 
  
    General and administrative expenses 
    $54,616 
  
    Net Loss 
    $54,616 

 The CODM reviews general and administrative expenses
to manage and forecast cash to ensure enough capital is available to complete a Business Combination or similar transaction within the
Combination period. The CODM also reviews formation and operating costs to manage, maintain and enforce all contractual agreements to
ensure costs are aligned with all agreements and budget. General and administrative expenses, as reported on the statement of operations,
are the significant segment information provided to the CODM on a regular basis.

The CODM reviews the position of total assets
available with the Company to assess if it has sufficient resources available to discharge its liabilities. The CODM is provided with
details of cash and liquid resources available with the Company. Additionally, the CODM regularly reviews the status of deferred costs
incurred to assess if these are in line with the planned use of proceeds to be raised from the public offering.

NOTE 6. RELATED PARTY TRANSACTIONS

Founder Shares

On December 11, 2024, the Sponsor was issued 5,750,000
Class B ordinary shares (the “Founder Shares”) for an aggregate price of $25,000 paid to cover certain expenses on behalf