Company: DAAQ
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078074
Chunk: 27

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 8
Chunk 27
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 assessment of the assumptions that market participants would use in pricing
                                            the asset or liability.

The
following table presents information about the Company’s assets that are measured at fair value on June 30, 2025 and December 31,
2024 and indicates the fair value hierarchy of the valuation inputs the Company utilized to determine such fair value:

    Level

    June
    30,
     2025

    December 31,
    2024

    Marketable securities held in Trust
    Account

    1

    $
    173,664,886

    $
        —

The
Company does not have any liabilities that are measured at fair value on a recurring basis.

NOTE
10. SUBSEQUENT EVENTS

On
August 14, 2025, the Company received the outstanding balance Due from Sponsor, totaling $1,221,540. The amount received reflects the
gross balance due, net of general and administrative expenses paid directly by the Sponsor on behalf of the Company.

The
Company evaluated subsequent events and transactions that occurred after the unaudited condensed balance sheet date up to the date that
the unaudited condensed financial statements were issued. Based upon this review, the Company did not identify any subsequent events
that would have required adjustment or disclosure in the unaudited condensed financial statements other than what was already disclosed
above.

17

ITEM
2. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

References
in this report (the “Quarterly Report”) to “we,” “us” or the “Company” refer to Digital
Asset Acquisition Corp. References to our “management” or our “management team” refer to our officers and directors,
and references to the “Sponsor” refer to DAAQ Sponsor LLC. The following discussion and analysis of the Company’s financial
condition and results of operations should be read in conjunction with the unaudited condensed financial statements and the notes thereto
contained elsewhere in this Quarterly Report. Certain information contained in the discussion and analysis set forth below includes forward-looking
statements that involve risks and uncertainties.

Special
Note Regarding Forward-Looking Statements

This
Quarterly Report includes “forward-looking statements” that are not historical facts and involve risks and uncertainties
that could cause actual results to differ materially from those expected and projected. All statements, other than statements of historical
fact included in this Quarterly Report including, without limitation, statements in this “Management’s Discussion and Analysis