Company: DAAQ
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110841
Chunk: 16

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-11-14
Form: 10-Q
Item: Item 1
Chunk 16
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 presented.

10

DIGITAL ASSET ACQUISITION CORP.

SEPTEMBER 30, 2025

NOTES TO UNAUDITED CONDENSED FINANCIAL STATEMENTS

The following tables reflect the calculation of
basic and diluted net income per share:

    Three 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,