Company: DAAQ
Filing Date: 2025-02-07
Form Type: S-1
Source: 0001213900-25-011355
Chunk: 314

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-02-07
Form: S-1
Chunk 314
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fers of Founder Shares and Private Placement Warrants”). The underwriters (and/or their respective designees) have also committed to purchase from us 1,500,000 private placement warrants (or 1,720,000 private placement warrants if the underwriters’ over -allotmentoption is exercised in full), each exercisable to purchase one Class A ordinary share at $11.50 per share, at $1.00 per warrant for an aggregate purchase price of $1,500,000 (or $1,720,000 if the underwriters’ over -allotmentoption is exercised in full). The underwriters will purchase private placement warrants consistent with their pro rata allocation of the base offering. The private placement warrants (including the Class A ordinary shares issuable upon exercise of such warrants) will not be transferable, assignable or saleable until 30 days after the consummation of our initial business combination (except with respect to permitted transferees as described herein under “ Principal Shareholders — Restrictions on Transfers of Founder Shares and Private Placement Warrants”) and the private placement warrants held by the underwriters will not be exercisable more than five years from the commencement of sales in this offering in accordance with FINRA Rule 5110(g)(8). The purchase of the private placement warrants will take place on a private placement basis simultaneously with the consummation of this offering. Such private placement warrants will be considered underwriting compensation in connection with this offering. Such private placement warrants will be subject to lock -uprestrictions, as required by FINRA Rule 5110(e)(1) and may not be sold during the offering, or sold, transferred, assigned, pledged, or hypothecated, or be the subject of any hedging, short sale, derivative, put, or call transaction that would result in the effective economic disposition of such securities by any person for a period of 180 days immediately following the date of effectiveness of the registration statement of which this prospectus forms a part or commencement of sales of the offering, except as provided in FINRA Rule 5110(e)(2). The underwriters are entitled under the registration rights agreement to demand and “piggy -back” resale registration rights. The underwriters may not exercise their demand and “piggy -back” registration rights after five and seven years, respectively, after the commencement of sales in this offering and may not exercise their demand rights on more than one occasion. Prior to this offering, there has been no public market for our