Company: DAAQ
Filing Date: 2025-04-01
Form Type: S-1/A
Source: 0001213900-25-027285
Chunk: 16

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-04-01
Form: S-1/A
Chunk 16
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 trust account. Concord II is currently in the process of completing its initial business combination with Events.com, Inc., which executed an agreement and plan of merger in August 2024. As of March12, 2025, the closing price of Concord II’s shares of Class A common stock was $10.61. Members of our board of directors and management team have also served as executive officers, directors and/or advisors of Concord Acquisition Corp III (“Concord III”), a blank check company that raised $345 million in its initial public offering in November 2021. In May 2023, Concord III held a special meeting of stockholders to extend the time by which it had to consummate its initial business combination from May 2023 to November 2023. In connection with the special meeting, the holders of 30,460,066shares of Class A common stock elected to redeem their shares for a pro -rataportion of Concord III’s trust account. In November 2023, Concord III held another special meeting of stockholders to further extend the time by which it had to consummate its initial business combination from November 2023 to August 2024. In connection with that special meeting, the holders of 98,573shares of Class A common stock elected to redeem their shares for a pro -rataportion of Concord III’s trust account. In March 2024, Concord III completed its initial business combination with GCT Semiconductor, Inc. (“GCT”). As of March12, 2025, the closing price of GCT’s shares of common stock (NYSE: GCTS) and warrants (NYSE: GCTS WS) were $1.89 and $0.10, respectively. We believe that potential sellers of target businesses will view the fact that members of our board of directors and management team have successfully closed or are in the process of closing multiple business combinations with vehicles similar to our company as a positive factor in considering whether or not to enter into a business combination with us. However, past performance is not a guarantee of success with respect to any business combination we may consummate. 3 Our directors and officers, or their respective affiliates, may in the future become affiliated with other SPACs that may have acquisition objectives that are similar to ours. See “ Risk Factors — Risks Relating to our Management Team — Our officers and directors presently have, and any of them in the future may have additional, fiduciary or contractual obligations to other entities, including other blank check companies, and