Company: DAAQ
Filing Date: 2025-05-01
Form Type: 8-K
Source: 0001213900-25-038444
Chunk: 0

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-05-01
Form: 8-K
Item: Item 1.01
Chunk 0
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Item 1.01. Entry into a Material Definitive Agreement.

On April 30, 2025,
Digital Asset Acquisition Corp. (the “ Company”) consummated its initial
public offering (“ IPO”) of 17,250,000 units (the “Units”),
including the issuance of 2,250,000 Units as a result of the underwriters’ exercise of the over-allotment option in full. Each
Unit consists of one Class A ordinary share of the Company, par value $0.0001 per share (the “ Class
A Ordinary Shares”), and one-half of one redeemable warrant of the Company (each whole warrant, a “ Warrant”),
with each Warrant entitling the holder thereof to purchase one Class A Ordinary Share for $11.50 per share, subject to adjustment,
beginning 30 days after the completion of the Company’s initial business combination. The Units were sold at a price of $10.00
per Unit, generating gross proceeds to the Company of $172,500,000.