Company: DAAQ
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078074
Chunk: 160

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 1
Chunk 160
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Item 1. UNAUDITED CONDENSED FINANCIAL STATEMENTS

DIGITAL
ASSET ACQUISITION CORP. 

CONDENSED
BALANCE SHEETS

    June
    30, 2025  
    December
    31, 2024 

    (unaudited)  

    ASSETS 

    Current assets: 

    Due from Sponsor 
    $1,281,540  
    $— 
  
    Prepaid
    insurance 
     65,625  
     — 
  
    Total current assets 
     1,347,165  
     — 
  
    Deferred offering costs 
     —  
     25,000 
  
    Marketable securities held
    in Trust Account 
     173,664,886  
     — 
  
    Long-term
    prepaid insurance 
     54,546  
     — 
  
    TOTAL
    ASSETS 
    $175,066,597  
    $25,000 

    LIABILITIES AND SHAREHOLDERS’
    EQUITY (DEFICIT) 

    Current liabilities: 

    Accrued expenses 
    $77,908  
    $4,791 
  
    Due
    to related party 
     75,321  
     321 
  
    Total current liabilities 
     153,229  
     5,112 
  
    Deferred underwriting
    fee payable 
     6,900,000  
     — 
  
    Total
    Liabilities 
    $7,053,229  
    $5,112 

    Commitments and Contingencies
    (Note 7) 

    Class A ordinary shares subject to possible redemption, 17,250,000 shares at redemption value of $10.07 per share at June 30, 2025 and 0 shares at December 31, 2024 
     173,664,886  
     — 

    Shareholders’ Equity
    (Deficit) 

    Preference shares, $0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at June 30, 2025 and December 31, 2024 
     —  
     — 
  
    Class A ordinary shares, $0.0001 par value