Company: DAAQ
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078074
Chunk: 161

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 1
Chunk 161
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; 500,000,000 shares authorized (excluding 17,250,000 Class A ordinary shares subject to possible redemption); none issued or outstanding at June 30, 2025 and December 31, 2024 
     —  
     — 
  
    Class B ordinary shares, $0.0001 par value, 50,000,000 shares authorized, 5,750,000 shares issued and outstanding at June 30, 2025 and December 31, 2024 (1) 
     575  
     575 
  
    Additional paid-in capital 
     —  
     24,425 
  
    Accumulated
    deficit 
     (5,652,093) 
     (5,112)
  
    Total
    Shareholders’ Equity (Deficit) 
     (5,651,518) 
     19,888 
  
    LIABILITIES
    AND SHAREHOLDERS’ EQUITY (DEFICIT) 
    $175,066,597  
    $25,000 

(1)Includes up to 750,000 Class B ordinary 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 Underwriters’ 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.

The
accompanying notes are an integral part of these unaudited condensed financial statements. 

1

DIGITAL
ASSET ACQUISITION CORP. 

CONDENSED
STATEMENTS OF OPERATIONS

FOR
THE THREE AND SIX MONTHS ENDED JUNE 30, 2025

(UNAUDITED)

    For
    the three months ended  June 30, 2025  
    For
    the  six months ended June 30, 2025 
  
    General
    and administrative expenses 
    $118,212  
    $172,828 
  
    Loss from operations 
     (118,212) 
     (172,828)

    Other income: 

    Net earnings on marketable
    securities held in Trust Account 
     1,147,520  
     1,147,520 
  
    Net
    income