Company: DAAQ
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001213900-25-027285
Chunk: 360

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-01
Form: S-1/A
Chunk 360
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000 warrants to be issued in connection with the Proposed Offering (including 7,500,000 Public Warrants and 5,000,000 Private Placement Warrants assuming the Underwriter’s over -allotmentoption is not exercised) in accordance with the guidance contained in ASC 815 -40. Such guidance provides that the warrants described above are not precluded from equity classification. Equity -classifiedcontracts are initially measured at fair value (or allocated value). Subsequent changes in fair value are not recognized as long as the contracts continue to be classified in equity. NOTE 9. SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date up to April1, 2025, the date that the financial statements were issued. Based on this review, other than the below, the Company did not identify any subsequent events that would have required adjustment or disclosure in the financial statements. In January 2025, the Sponsor transferred 25,000 Class B ordinary shares to each of the Company’s independent director nominees (for an aggregate of 75,000 Class B ordinary shares) and 10,000 Class B ordinary shares to each of the Company’s advisors (for an aggregate of 40,000 Class B ordinary shares) at the same per -shareprice that the Sponsor purchased such shares, or approximately $0.004 per share. The Class B ordinary shares will automatically convert into Class A ordinary shares immediately prior to, concurrently with or immediately following the consummation of our initial business combination, or at any time prior thereto at the option of the holder thereof, on a one -for-onebasis. F-18 15,000,000 Units Digital Asset Acquisition Corp. ––––––––––––––––––––––––––––– PRELIMINARY PROSPECTUS , 2025 ––––––––––––––––––––––––––––– Lead Book-Running Manager Cohen & Company Capital Markets Until, 2025 (25 days after the date of this prospectus), all dealers that buy, sell or trade our units, Class A ordinary shares or public warrants, whether or not participating in this offering, may be required to deliver a prospectus. This is in addition to the dealers’ obligation to deliver a prospectus when acting as underwriters and with respect to their unsold allotments or subscriptions.

PART II INFORMATION NOT REQUIRED IN PROSPECTUS Item 13. Other Expenses of Issuance and Distribution. The estimated expenses payable by us in connection