Company: DAAQ
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078074
Chunk: 192

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 1
Chunk 192
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 the liabilities in an orderly transaction
between market participants at the measurement date. In connection with measuring the fair value of its assets and liabilities, the Company
seeks to maximize the use of observable inputs (market data obtained from independent sources) and to minimize the use of unobservable
inputs (internal assumptions about how market participants would price assets and liabilities). The following fair value hierarchy is
used to classify assets and liabilities based on the observable inputs and unobservable inputs used in order to value the assets and
liabilities:

Level
                              1:Quoted
                                            prices in active markets for identical assets or liabilities. An active market for an asset
                                            or liability is a market in which transactions for the asset or liability occur with sufficient
                                            frequency and volume to provide pricing information on an ongoing basis.

Level
                              2:Observable
                                            inputs other than Level 1 inputs. Examples of Level 2 inputs include quoted prices in active
                                            markets for similar assets or liabilities and quoted prices for identical assets or liabilities
                                            in markets that are not active.

Level
                              3:Unobservable
                                            inputs based on our assessment of the assumptions that market participants would use in pricing
                                            the asset or liability.

The
following table presents information about the Company’s assets that are measured at fair value on June 30, 2025 and December 31,
2024 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Level

    June
    30,
     2025

    December 31,
    2024

    Marketable securities held in Trust
    Account

    1

    $
    173,664,886

    $
        —

The
Company does not have any liabilities that are measured at fair value on a recurring basis.

NOTE
10. SUBSEQUENT EVENTS

On
August 14, 2025, the Company received the outstanding balance Due from Sponsor, totaling $1,221,540. The amount received reflects the
gross balance due, net of general and administrative expenses paid directly by the Sponsor on behalf of the Company.

The
Company evaluated subsequent events and transactions that occurred after the unaudited condensed balance sheet date up to the date that
the unaudited condensed financial statements were issued. Based upon this review, the Company did not identify any subsequent events
that would have required adjustment or disclosure in the unaudited condensed financial statements other than what was already disclosed
above.

17