Company: DAAQ
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001213900-25-027285
Chunk: 7

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-01
Form: S-1/A
Chunk 7
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otment option is exercised in full), in a private placement that will close simultaneously with the closing of this offering, which we refer to collectively as the “private placement warrants.” Of those 5,000,000 private placement warrants (or 5,450,000 private placement warrants if the underwriters’ overallotment option is exercised in full), our sponsor has agreed to purchase 3,500,000 (or 3,725,000 private placement warrants if the underwriters’ overallotment option is exercised in full) private placement warrants and the underwriters have agreed to purchase 1,500,000 private placement warrants (or 1,725,000 private placement warrants if the underwriters’ overallotment option is exercised in full). Each whole private placement warrant is exercisable to purchase one Class A ordinary share at a price of $11.50 per share, subject to adjustment, terms and limitations as described herein. The private placement warrants will become exercisable 30 days after the completion of our initial business combination, as described in this prospectus. The private placement warrants are identical to the public warrants sold in this offering, subject to certain limited exceptions as described in this prospectus. Certain accredited investors (which may include certain of our directors, officers and advisors other than Peter Ort and Jeff Tuder), which we refer to as the “non -managingsponsor investors” throughout this prospectus, 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. As further described in “ Summary — Our Sponsor,” commencing on the date on which our securities are listed on the Nasdaq, we expect to make certain payments and reimbursements, or pay certain fees, to our sponsor, officers or directors, or our or their affiliates, including the payment to our sponsor of up to $20,000 per month for office space and administrative services. In addition, upon consummation of this offering, we will repay up to $300,000 in loans made to us by our sponsor to cover offering -relatedand organizational expenses. In addition, if the sponsor or any of its affiliates make any working capital loans, up to $1,500,000