Company: DAAQ
Filing Date: 2025-02-07
Form Type: S-1
Source: 0001213900-25-011355
Chunk: 9

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-02-07
Form: S-1
Chunk 9
---
 Our initial shareholders paid an aggregate of $25,000, or approximately $0.004 per founder share and, accordingly, you will experience immediate and substantial dilution from the purchase of our Class A ordinary shares ”, “ Risks Relating to our Search for, and Consummation of or Inability to Consummate, a Business Combination — We may issue additional Class A ordinary shares or preference shares to complete our initial business combination or under an employee incentive plan after completion of our initial business combination. We may also issue Class A ordinary shares upon the conversion of the founder shares at a ratio greater than one -to -one at the time of our initial business combination as a result of the anti -dilution provisions contained therein. Any such issuances would dilute the interest of our shareholders and likely present other risks ” and “— Unlike some other similarly structured special purpose acquisition companies, our initial shareholders will receive additional Class A ordinary shares if we issue certain shares to consummate an initial business combination in order to provide anti -dilution protection to our initial shareholders. ” The following table illustrates the difference between the public offering price per unit and our net tangible book value per share, as adjusted to reflect various potential redemption levels that may occur in connection with the closing of our initial business combination, which we refer to as Adjusted NTBVPS, on a pro forma basis to give effect to this offering and the issuance of the private placement warrants, assuming no exercise of the over -allotmentoption and exercise of the over -allotmentoption in full. Adjusted NTBVPS excludes the effect of the consummation of our initial business combination or any related transactions or expenses. See the section titled “ Dilution ” for more information.

| As of December 31, 2024 |                                                 |     |                         |      |     |            |      |     |                         |      |     |            |      |     |                          |      |     |            |      |     |                          |      |     |            |      |
|:------------------------|------------------------------------------------:|:----|:------------------------|-----:|:----|:-----------|-----:|:----|:------------------------|-----:|:----|:-----------|-----:|:----|:-------------------------|-----:|:----|:-----------|-----:|:----|:-------------------------|-----:|:----|:-----------|-----:|
| Offering                
 Price of                
 $10.00                  |                                                 |