Company: DAAQ
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001213900-25-027285
Chunk: 175

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-01
Form: S-1/A
Chunk 175
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. While we may pursue an initial business combination in any industry, sector or geographic region, we intend to focus our search initially on identifying companies in the digital asset and cryptocurrency and adjacent sectors that power transformation and innovation. Our expertise lends itself well to pursuing platforms related to the digital asset, real estate, and related technology infrastructure sectors, but we are not required to complete our initial business combination with a business in these industries and, as a result, we may pursue a business combination outside of these industries. We expect to pursue global businesses but may also acquire a domestic company. We do not intend to acquire companies that are excessively leveraged. We believe our management team has the skills and experience to identify, evaluate and consummate 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