Company: DAAQ
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001213900-25-027285
Chunk: 15

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-01
Form: S-1/A
Chunk 15
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mate a business combination and is positioned to assist businesses we acquire. However, our management team’s network and investing and operating experience do not guarantee a successful initial business combination. The members of our management team are not required to devote any significant amount of time to our business and are concurrently involved with other businesses. There is no guarantee that our current officers and directors will continue in their respective roles, or in any other role, after our initial business combination, and their expertise may only be of benefit to us until our initial business combination is completed. Past performance by our management team is not a guarantee of success with respect to any business combination we may consummate. Experience with SPACs We will seek to capitalize on the significant experience and contacts of Peter Ort, our Co -Chairmanand Principal Executive Officer, along with Jeff Tuder, our Co -Chairmanand Chief Financial Officer, our directors and affiliates of our sponsor, to identify, evaluate, acquire and operate a target business. If we elect to pursue an investment outside of the digital asset or cryptocurrency industry, our management’s expertise related to that industry may not be directly applicable to its evaluation or operation, and the information contained in this prospectus regarding that industry might not be relevant to an understanding of the business that we elect to acquire. Members of our board of directors, management team and affiliates of our sponsor have also served as executive officers, directors and/or advisors of Concord Acquisition Corp (“Concord I”), a former blank check company that raised $276 million in its initial public offering in December 2020. Concord I terminated its business combination with Circle Internet Financial Limited in December 2022 after having reached the outside date of its business combination agreement. In December 2022, Concord I redeemed all of its outstanding shares of Class A common stock because it was not able to consummate its initial business combination within the time period set forth in its charter. Members of our board of directors and management team have also served as executive officers, directors and/or advisors of Concord Acquisition Corp II (“Concord II”), a blank check company that raised $250 million in its initial public offering in September 2021. In May 2024, Concord II held a special meeting of stockholders to extend the time by which it had to consummate its initial business combination from June 2024 to March 2025. In connection with the special meeting, the holders of 12,498,716shares of Class A common stock elected to redeem their shares for a pro -rataportion of Concord II’s