Company: DAAQ
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001213900-25-027285
Chunk: 251

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-01
Form: S-1/A
Chunk 251
---
 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 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, including any non -managingsponsor investor that may join our sponsor concurrently with this offering will hold classes of membership units representing their proportional interest in the founder shares and private placement warrants. While the non -managingsponsor investors would have an interest in our completion of an initial business combination, pursuant to an agreement of all members of our sponsor, the management and control of our sponsor is vested exclusively in the managing members of our sponsor, which are Peter Ort, our Principal Executive Officer, and Jeff Tuder, our Chief Financial Officer. As a result of this management structure, non -managingsponsor investors will have no right to control our sponsor, or participate in any decision regarding the disposal of any security held by our sponsor, or otherwise. Prior to or in connection with the completion of our initial business combination, there may be payment by the company to our officers, independent directors, advisors, or their respective affiliates, of a finder’s fee, advisory fee, consulting fee or success fee for any services they render in order to effectuate the completion of our initial business, which, if made prior to the completion of our initial business combination, will be paid from funds held outside the trust account, including permitted withdrawals from the trust account. 166 We will reimburse our sponsor in an amount up to $20,000 per month for office space and administrative support services made available to us pursuant to an administrative services and indemnification agreement. Upon completion of our initial business combination or our liquidation, we will cease paying these monthly fees. In addition, pursuant to such agreement, we have agreed that we will indemnify our sponsor from any claims arising out of or relating to this offering or the company