Company: DAAQ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110841
Chunk: 61

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 8
Chunk 61
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 Months Ended
 September 30, 2025  
    Nine Months Ended
 September 30, 2025 

    Class A  
    Class B  
    Class A  
    Class B(1) 
  
    Basic net income per share: 

    Numerator: 

    Net income 
    $1,267,973  
    $422,658  
    $1,709,882  
    $955,441 
  
    Denominator: 

    Weighted Average Ordinary Shares 
     17,250,000  
     5,750,000  
     9,703,125  
     5,421,875 
  
    Basic net income per ordinary share 
    $0.07  
    $0.07  
    $0.18  
    $0.18 

    Three Months Ended
 September 30, 2025  
    Nine Months Ended
 September 30, 2025 

    Class A  
    Class B  
    Class A  
    Class B(1) 
  
    Diluted net income per share: 

    Numerator: 

    Net income 
    $1,267,973  
    $422,658  
    $1,700,889  
    $964,434 
  
    Denominator: 

    Weighted Average Ordinary Shares 
     17,250,000  
     5,750,000  
     9,703,125  
     5,501,838 
  
    Diluted net income per ordinary share 
    $0.07  
    $0.07  
    $0.18  
    $0.18 

(1)Excludes up to 750,000 Class B ordinary shares that were
subject to forfeiture if the over-allotment option was not exercised in full or in part by the Underwriters (see Note 6). On April 30,
2025, the Underwriters’ over-allotment option was exercised in full simultaneously with the Initial Public Offering, and the 750,000
Class B ordinary shares were no longer subject to forfeiture.

Fair Value of Financial Instruments

The fair value of the Company’s assets and
liabilities, which qualify as financial instruments under ASC Topic 820, Fair Value Measurement, approximates the carrying amounts
represented in the accompanying condensed balance