Company: DAAQ
Filing Date: 2025-04-23
Form Type: S-1/A
Source: 0001213900-25-034368
Chunk: 356

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-23
Form: S-1/A
Chunk 356
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 to the letter agreement described herein. The Company will grant the Underwriter a 45 -dayoption from the date of the Proposed Offering to purchase up to 2,250,000 additional Units to cover over -allotments, if any, at the Proposed Offering price less the underwriting discounts and commissions. The Underwriters will be entitled to a cash underwriting discount of $0.60 per Unit, or $9,000,000 in the aggregate (or $10,350,000 in the aggregate if the Underwriters’ over -allotmentoption is exercised in full), payable upon the closing of the Proposed Offering. In addition, the Underwriters will be entitled to a deferred fee of $0.40 per Unit, or $6,000,000 in the aggregate (or $6,900,000 in the aggregate if the Underwriters’ over -allotmentoption is exercised in full). The deferred fee will become payable to the Underwriter from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. NOTE 8. SHAREHOLDER’S EQUITY Preference shares— The Company is authorized to issue 5,000,000 preference shares with a par value of $0.0001 per share, with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. As of December 31, 2024, there were no preference shares issued or outstanding. Class A ordinary shares— The Company is authorized to issue 500,000,000 Class A ordinary shares with a par value of 0.0001 per share. Holders of the Company’s Class A ordinary shares are entitled to one vote for each share. As of December 31, 2024, there were no Class A ordinary shares issued and outstanding. Class B ordinary shares— The Company is authorized to issue 50,000,000 Class B ordinary shares with a par value of 0.0001 per share. Holders of the Company’s Class B ordinary shares are entitled to one vote for each share. As of December 31, 2024, there were 5,750,000 Class B ordinary shares outstanding. Of the 5,750,000 Class B ordinary shares outstanding, up to 750,000shares are subject to forfeiture to the Company by the Sponsor for no consideration to the extent that the Underwriters’ over -allotmentoption