Company: DAAQ
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078074
Chunk: 189

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 1
Chunk 189
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 issued
or issuable upon conversion or exercise of any equity-linked securities or rights issued or deemed issued, by the Company in connection
with or in relation to the consummation of the Business Combination, excluding any Class A ordinary shares or equity-linked securities
or rights exercisable for or convertible into Class A ordinary shares issued, or to be issued, to any seller in the Business Combination
and any Private Placement Warrants issued to the Sponsor, officers or directors upon conversion of working capital loans, provided that
such conversion of Founder Shares will never occur on a less than one-for-one basis.

Warrants
— As of June 30, 2025, there were 14,075,000 warrants issued including 8,625,000 Public Warrants, issued as part of
the Units and 5,450,000 Private Placement Warrants. Each whole Public Warrant entitles the registered holder to purchase one Class A
ordinary share at a price of $11.50 per share, subject to adjustment as discussed below, at any time commencing 30 days after the completion
of the initial Business Combination. Pursuant to the warrant agreement, a warrant holder may exercise its Public Warrants only for a
whole number of Class A ordinary shares. No fractional Public Warrants will be issued upon separation of the Units and only whole Public
Warrants will trade. The Public Warrants will expire five years after the completion of the initial Business Combination, at 5:00 p.m.,
New York City time, or earlier upon redemption or liquidation.

The
Company has agreed that as soon as practicable, but in no event later than 20 business days after the closing of the initial Business
Combination, the Company will use commercially reasonable efforts to file with the SEC a post-effective amendment to an existing registration
statement or a new registration statement covering the registration, under the Securities Act, of the Class A ordinary shares issuable
upon exercise of the warrants and thereafter will use the Company’s commercially reasonable efforts to cause the same to become
effective within 60 business days following the initial Business Combination and to maintain a current prospectus relating to the Class
A ordinary shares issuable upon exercise of the warrants, until the expiration of the warrants in accordance with the provisions of the
warrant agreement. If a registration statement covering the Class A ordinary shares issuable upon exercise of the warrants is not effective
by the sixtieth (60) business day after the closing of the initial Business Combination, warrant holders may