Company: DAAQ
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078074
Chunk: 28

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 8
Chunk 28
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of Financial Condition and Results of Operations” regarding the Company’s financial position, business strategy and the plans
and objectives of management for future operations, are forward-looking statements. Words such as “expect,” “believe,”
“anticipate,” “intend,” “estimate,” “seek” and variations and similar words and expressions
are intended to identify such forward-looking statements. Such forward-looking statements relate to future events or future performance,
but reflect management’s current beliefs, based on information currently available. A number of factors could cause actual events,
performance or results to differ materially from the events, performance and results discussed in the forward-looking statements. For
information identifying important factors that could cause actual results to differ materially from those anticipated in the forward-looking
statements, please refer to the Risk Factors section of the Company’s final prospectus for its Initial Public Offering (as defined
below) filed with the U.S. Securities and Exchange Commission (the “SEC”). The Company’s securities filings can be
accessed on the EDGAR section of the SEC’s website at www.sec.gov. Except as expressly required by applicable securities law, the
Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information,
future events or otherwise.

Overview

We
                                            are a blank check company incorporated in Cayman Islands on December 9, 2024 formed for the
                                            purpose of entering into a merger, share exchange, asset acquisition, share purchase, reorganization
                                            or similar business combination with one or more businesses (a “Business Combination”).
                                            We have not selected any Business Combination target and we have not, nor has anyone on our
                                            behalf, initiated any substantive discussions, directly or indirectly, with any Business
                                            Combination target. We intend to effectuate our initial Business Combination using cash from
                                            the proceeds of our initial public offering (the “Initial Public Offering”) and
                                            the sale of the Private Placement Warrants (as defined below), the proceeds of the sale of
                                            our shares in connection with our initial Business Combination pursuant to the forward purchase
                                            agreements (or backstop agreements we may enter into or otherwise), shares issued to the
                                            owners of the target, debt issued to bank or other lenders or the owners of the target, or
                                            a combination of the foregoing or other sources.

18

Results
of Operations

We
have neither engaged in any operations nor generated any revenues to date. Our only activities for the six months ended