Company: DAAQ
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001213900-25-027285
Chunk: 179

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-01
Form: S-1/A
Chunk 179
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ization of $17.9 trillion dollars, exceeding Bitcoin’s market capitalization by a factor of 9.4. Daily, Bitcoin’s blockchain facilities hundreds of thousands of transactions, reaching over 650,000 as of December 2024. Our Sponsor Our sponsor is a Delaware limited liability company, which was formed to invest in us. Although our sponsor is permitted to undertake any activities permitted under the Delaware Limited Liability Company Act and other applicable law, our sponsor’s business is focused on investing in our company. The managers of our sponsor are Peter Ort, our Co -Chairmanand Principal Executive Officer, and Jeff Tuder, our Co -Chairmanand Chief Financial Officer. Messrs. Ort and Tuder control our sponsor, including the exercise of voting and investment discretion over the securities of our company held by our sponsor. Messrs. Ort and Tuder own membership interests in our sponsor representing the economic rights attributable to 2,824,308 founder shares and 1,750,000 private placement warrants held by our sponsor. As of the date hereof, other than Messrs. Tuder and Ort, no other person has a direct or indirect material interest in our sponsor. Other than our directors, officers and advisors, none of the other members of our sponsor will participate in our company’s activities. Our sponsor is not controlled by and does not have any members who are, or has substantial ties with, a non -U.S. person. Certain accredited investors (which may include certain of our directors, officers and advisors other than Messrs. Ort and Tuder) (the “non -managingsponsor investors”) have expressed an interest to purchase, indirectly through the purchase of non -managingsponsor membership interests, an aggregate of 1,862,500 of the 3,725,000 total private placement warrants to be purchased and 2,925,692 of the 5,635,000 total founder shares held by our sponsor, assuming that the underwriters’ over -allotmentoption is exercised in full. The interests of the members of our sponsor are denominated in three classes of membership interest units: (i) class A membership units that will represent an interest in certain private placement warrants and founder shares held by our sponsor, to be purchased by the non -managingsponsor investors, and (ii) class B -1and B -2membership units that will represent an interest in the remaining founder shares and private placement warrants held by our sponsor, respectively. All members of our sponsor,