Company: DAAQ
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001213900-25-031293
Chunk: 122

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-14
Form: S-1/A
Chunk 122
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 selecting a target business, subject to their fiduciary duties under Cayman Islands law. Our officers and directors will allocate their time to other businesses thereby causing conflicts of interest in their determination as to how much time to devote to our affairs. This conflict of interest could have a negative impact on our ability to complete our initial business combination. Our officers and directors are not required to, and will not, commit their full time to our affairs, which may result in a conflict of interest in allocating their time between our operations and our search for a business combination and their other businesses. We do not intend to have any full -timeemployees prior to the completion of our initial business combination. Each of our officers is engaged in other business endeavors for which he may be entitled to substantial compensation, and our officers are not obligated to contribute any specific number of hours per week to our affairs. Our independent directors also serve as officers and board members for other entities. If our officers’ and directors’ other business affairs require them to devote substantial amounts of time to such affairs in excess of their current commitment levels, it could limit their ability to devote time to our affairs which may have a negative impact on our ability to complete our initial business combination. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination target. In particular, we are one of two special purpose acquisition companies seeking an initial public offering simultaneously, the other being Real Asset Acquisition Corp. (“RAAQ”). Certain of our officers and directors are also officers and directors of RAAQ. Like us, RAAQ may pursue initial business combination targets in any businesses or industries. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination. However, because RAAQ is focused on seeking a business combination target in the mining and metals and real assets industries, and we are focused on seeking a business combination target in the cryptocurrency and digital assets industries, we do not believe that such duties or obligations will materially affect our ability to complete our initial business combination. Furthermore, in our post -IPOdiscussions with any potential targets our management team and our sponsor will ensure that the target has a clear understanding that it will transact with DAAQ and with no other special purpose acquisition company that may be sponsored by our management team. For a complete discussion of our officers’ and directors’ other business affairs, please see “ Management — Officers, Directors and Director Nominees.” Our officers and directors presently have, and any of them in the future