Company: DAAQ
Filing Date: 2025-02-07
Form Type: S-1
Source: 0001213900-25-011355
Chunk: 19

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-02-07
Form: S-1
Chunk 19
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 members who are, or has substantial ties with, a non -U.S. person. Certain accredited investors (none of which are affiliated with any member of our management, our sponsor or any other investor) (the “non -managingsponsor investors”) have expressed an interest to purchase, indirectly through the purchase of non -managingsponsor membership interests, an aggregate of [•] of the 3,500,000 total private placement warrants and [•] total founder shares to be purchased by our sponsor. The interests of the members of our sponsor are denominated in three classes of membership interest units: (i) class A membership units that will represent an interest in certain private placement warrants and founder shares held by our sponsor, to be purchased by the non -managingsponsor investors and (ii) class B -1and B -2membership units that will represent an interest in the remaining private placement warrants and founder shares held by our sponsor, respectively. All members of our sponsor, including any non -managingsponsor investor that may join our sponsor concurrently with this offering will hold classes of membership units representing their proportional interest in the founder shares and private placement warrants. While the non -managingsponsor investors would have an interest in our completion of an initial business combination, pursuant to an agreement of all members of our sponsor, the management and control of our sponsor is vested exclusively in the managing members of our sponsor, which are Peter Ort, our Principal Executive Officer, and Jeff Tuder, our Chief Financial Officer. As a result of this management structure, non -managingsponsor investors will have no right to control our sponsor, or participate in any decision regarding the disposal of any security held by our sponsor, or otherwise. The following table sets forth the payments to be received by our sponsor and its affiliates from us prior to or in connection with the completion of our initial business combination and the securities issued and to be issued by us to our sponsor or its affiliates, assuming the underwriters’ over -allotmentoption is not exercised:

| Entity/Individual |     | Amount of Compensation to be                                                                                                                       
 Received or Securities                                                                                                                             
 Issued or to be Issued                                                                                                                             |     | Consideration Paid or to be Paid                 |
| DAAQ Sponsor LLC  |     | 5,000,000 Class B Ordinary Shares (which include anti-dilution adjustments as described in “— Founder shares conversion and anti-dilution rights”) |     | $25,000 (approximately $0