Company: DAAQ
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078074
Chunk: 176

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 1
Chunk 176
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 from income per ordinary share as the redemption value approximates fair value.

The
Company did not have any dilutive securities or other contracts that could, potentially, be exercised or converted into ordinary shares
and then share in the earnings of the Company included in redeemable Class A ordinary shares. As a result, diluted income per Class A
ordinary share is the same as basic income per Class A ordinary share for the periods presented.

 Class B ordinary shares includes 750,000 shares that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the Underwriters (see Note 6). On April 30, 2025, the Underwriter’s over-allotment option was exercised in full simultaneously with the Initial Public Offering, and the 750,000 Class B ordinary shares were no longer subject to forfeiture.

9

DIGITAL
ASSET ACQUISITION CORP. 

JUNE
30, 2025

NOTES
TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

The
following tables reflects the calculation of basic and diluted net income per share:

    Three Months
    Ended  
    Six Months
    Ended 

    June
    30, 2025  
    June
    30, 2025 

    Class
    A  
    Class
    B  
    Class
    A  
    Class
    B 
  
    Basic net income per share: 

    Numerator: 

    Net income 
    $699,670  
    $329,637  
    $513,323  
    $461,368 
  
    Denominator: 

    Weighted Average Ordinary Shares 
     11,691,666  
     5,508,333  
     5,845,833  
     5,254,166 
  
    Basic
    net income per ordinary share 
    $0.06  
    $0.06  
    $0.09  
    $0.09 

    Three Months
    Ended  
    Six Months
    Ended 

    June
    30, 2025  
    June
    30, 2025 

    Class
    A  
    Class
    B  
    Class
    A  
    Class
    B 
  
    Diluted net income per share: 

    Numer