Company: DAAQ
Filing Date: 2025-04-14
Form Type: S-1/A
Source: 0001213900-25-031293
Chunk: 131

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-14
Form: S-1/A
Chunk 131
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 initial business combination and (iv) all founder shares are held by our initial shareholders upon completion of our initial business combination, and does not take into account other potential impacts on our valuation at the time of the initial business combination, such as (i) the value of our public and private placement warrants, (ii) the trading price of our Class A ordinary shares, (iii) the 86

initial business combination transaction costs (other than the payment of up to $6,000,000 of deferred underwriting commissions), (iv) any equity issued or cash paid to the target’s sellers, (v) any equity issued to other third party investors, or (vi) the target’s business itself.

| Public shares:                                                                
 Founder shares:                                                               
 Total shares:                                                                 |     |   |  15,000,000 
   5,000,000 
  20,000,000 |
|:------------------------------------------------------------------------------|:----|:--|------------:|
| Total funds in trust available for initial business combination:              |     | $ | 144,000,000 |
| Public shareholders’ investment per Class A ordinary share(1):                |     | $ |       10.00 |
| Sponsor’s investment per Class B ordinary share(2):                           |     | $ |        0.71 |
| Initial implied value per public share:                                       |     | $ |       10.00 |
| Implied value per share upon consummation of initial business combination(3): |     | $ |        7.20 |

____________ (1)While the public shareholders’ investment is in both the public shares and the public warrants, for purposes of this table the full investment amount is ascribed to the public shares only. (2)The total investment in the equity of the company by the sponsor is $3,525,000, consisting of (i) $25,000 paid by the sponsor for the founder shares and (ii) $3,500,000 paid by the sponsor for 3,500,000 private placement warrants. For purposes of this table, the full investment amount is ascribed to the founder shares only. (3)All founder shares would automatically convert into Class A ordinary shares upon completion of our initial business combination, or at any time prior thereto at the option of the holders thereof, on a one -for -onebasis, subject to adjustment, as described therein. Based on these assumptions, each Class A ordinary share would have an implied