Company: DAAQ
Filing Date: 2025-08-19
Form Type: 10-Q
Source: 0001213900-25-078074
Chunk: 162

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-08-19
Form: 10-Q
Item: Item 1
Chunk 162
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 $1,029,308  
    $974,692 

    Weighted average shares
    outstanding, Class A ordinary shares 
     11,691,667  
     5,845,833 
  
    Basic
    and diluted net income per Class A ordinary share 
    $0.06  
    $0.09 

    Basic
    weighted average shares outstanding, Class B ordinary shares1 
     5,508,333  
     5,254,167 
  
    Basic
    net income per Class B ordinary share1 
    $0.06  
    $0.08 

    Diluted
    weighted average shares outstanding, Class B ordinary shares1 
     5,750,000  
     5,375,000 
  
    Diluted
    net income per Class B ordinary share 
    $0.06  
    $0.09 

(1)Includes 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.

The
accompanying notes are an integral part of these unaudited condensed financial statements. 

2

DIGITAL
ASSET ACQUISITION CORP. 

CONDENSED
STATEMENTS OF CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT)

FOR
THE THREE AND SIX MONTHS ENDED JUNE 30, 2025

(UNAUDITED)

FOR THE
THREE MONTHS ENDED JUNE 30, 2025

    Class
    B 
    Ordinary Shares  
    Additional
    Paid-in  
    Accumulated  
    Total
    Shareholders’ 

    Shares1  
    Amount  
    Capital  
    Deficit  
    Deficit 
  
    Balance
    at April 1, 2025 
     5,750,000  
    $575  
    $24,425  
    $(59,728) 
    $(34,728)
  
    Proceeds
    from sale of Private Placement Warrants, less issuance costs 
     —