Company: DAAQ
Filing Date: 2025-02-07
Form Type: S-1
Source: 0001213900-25-011355
Chunk: 55

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-02-07
Form: S-1
Chunk 55
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 any interest or expectancy in, or in being offered an opportunity to participate in, any potential transaction or matter which (a) may be a corporate opportunity for any director or officer, on the one hand, and us, on the other or (b) the presentation of which would breach an existing legal obligation of a director or officer to any other entity. We do not believe, however, that the fiduciary duties or contractual obligations of our officers or directors will materially affect our ability to complete our initial business combination, because the entities to which our officers and directors owe fiduciary duties or contractual obligations are not themselves in the business of engaging in business combinations. |

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| Our sponsor, officers or directors may sponsor or form other special purpose acquisition companies similar to ours or may pursue other business or investment ventures during the period in which we are seeking an initial business combination. As a result, our sponsor, officers and directors could have conflicts of interest in determining whether to present business combination opportunities to us or to any other special purpose acquisition company with which they may become involved. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination target. In particular, we are one of two special purpose acquisition companies seeking an initial public offering simultaneously, the other being Real Asset Acquisition Corp. (“RAAQ”). Certain of our officers and directors are also officers and directors of RAAQ. Like us, RAAQ may pursue initial business combination targets in any businesses or industries. Any such companies, businesses or investments may present additional conflicts of interest in pursuing an initial business combination. However, because RAAQ is focused on seeking a business combination target in the mining and metals and real assets industries, and we are focused on seeking a business combination target in the cryptocurrency and digital assets industries, we do not believe that any such duties or obligations will materially affect our ability to complete our initial business combination. Furthermore, in our post-IPO discussions with any potential targets our management team and our sponsor will ensure that the target has a clear understanding that it will transact with DAAQ and with no other special purpose acquisition company that may be sponsored by our management team. |
| Our executive officers and our directors may have interests that differ from you in connection with the business combination, including the fact that they may lose their entire investment in us if our initial business combination is not completed, except to the extent they receive liquidating distributions from assets outside the trust account, and accordingly, may have a conflict of interest in determining whether a particular