Company: DAAQ
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078074
Chunk: 11

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 8
Chunk 11
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    Three Months
    Ended  
    Six Months
    Ended 

    June
    30, 2025  
    June
    30, 2025 

    Class
    A  
    Class
    B  
    Class
    A  
    Class
    B 
  
    Basic net income per share: 

    Numerator: 

    Net income 
    $699,670  
    $329,637  
    $513,323  
    $461,368 
  
    Denominator: 

    Weighted Average Ordinary Shares 
     11,691,666  
     5,508,333  
     5,845,833  
     5,254,166 
  
    Basic
    net income per ordinary share 
    $0.06  
    $0.06  
    $0.09  
    $0.09 

    Three Months
    Ended  
    Six Months
    Ended 

    June
    30, 2025  
    June
    30, 2025 

    Class
    A  
    Class
    B  
    Class
    A  
    Class
    B 
  
    Diluted net income per share: 

    Numerator: 

    Net income 
    $699,670  
    $339,332  
    $507,795  
    $466,896 
  
    Denominator: 

    Weighted Average Ordinary Shares 
     11,691,666  
     5,750,000  
     5,845,833  
     5,375,000 
  
    Diluted
    net income per ordinary share 
    $0.06  
    $0.06  
    $0.09  
    $0.09 

Fair
Value of Financial Instruments

The
fair value of the Company’s assets and liabilities, which qualify as financial instruments under ASC Topic 820, Fair Value Measurement,
approximates the carrying amounts represented in the accompanying balance sheets, primarily due to their short-term nature.

Warrants

The
Company accounts for warrants as either equity-classified or liability-classified instruments based on an assessment of the warrant’s
specific terms and applicable authoritative guidance in ASC 480 and ASC Topic 815, Derivatives and Hedging (“ASC