Company: DAAQ
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001213900-25-031293
Chunk: 19

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-14
Form: S-1/A
Chunk 19
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 in our company. The managers of our sponsor are Peter Ort, our Co -Chairmanand Principal Executive Officer, and Jeff Tuder, our Co -Chairmanand Chief Financial Officer. Messrs. Ort and Tuder control our sponsor, including the exercise of voting and investment discretion over the securities of our company held by our sponsor. Messrs. Ort and Tuder own membership interests in our sponsor representing the economic rights attributable to 2,824,308 founder shares and 1,750,000 private placement warrants held by our sponsor. As of the date hereof, other than Messrs. Tuder and Ort, no other person has a direct or indirect material interest in our sponsor. Other than our directors, officers and advisors, none of the other members of our sponsor will participate in our company’s activities. Our sponsor is not controlled by and does not have any members who are, or has substantial ties with, a non -U.S. person. Certain accredited investors (which may include certain of our directors, officers and advisors other than Messrs. Ort and Tuder) (the “non -managingsponsor investors”) have expressed an interest to purchase, indirectly through the purchase of non -managingsponsor membership interests, an aggregate of 1,862,500 of the 3,725,000 total private placement warrants to be purchased and 2,709,308 of the 5,635,000 total founder shares held by our sponsor, assuming that the underwriters’ over -allotmentoption is exercised in full. The interests of the members of our sponsor are denominated in three classes of membership interest units: (i) class A membership units that will represent an interest in certain private placement warrants and founder shares held by our sponsor, to be purchased by the non -managingsponsor investors, and (ii) class B -1and B -2membership units that will represent an interest in the remaining founder shares and private placement warrants held by our sponsor, respectively. All members of our sponsor, including any non -managingsponsor investor that may join our sponsor concurrently with this offering will hold classes of membership units representing their proportional interest in the founder shares and private placement warrants. While the non -managingsponsor investors would have an interest in our completion of an initial business combination, pursuant to an agreement of all members of our sponsor, the management and control of our sponsor is vested exclusively in the managing members of our sponsor, which are Peter Ort, our Principal Executive Officer,