Company: DAAQ
Filing Date: 2025-03-14
Form Type: S-1/A
Source: 0001213900-25-024216
Chunk: 229

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-03-14
Form: S-1/A
Chunk 229
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153 where she oversee the global legal, policy and compliance work. Rebecca currently serves as a member of the U.S. Commodity Futures and Trade Commission’s Global Markets Advisory Committee Subcommittee on Digital Assets as well as the New York Department of Financial Services Virtual Currency Advisory Board. She also serves as an advisor to a number of prominent digital asset companies across various parts of the industry. Rebecca has pioneered legal and regulatory solutions in permissionless and decentralized software systems and has worked with global regulators and policymakers on developing sound laws and regulations for the digital asset industry that both protect consumers and allow for continued innovation. We believe Ms. Rettig is qualified to serve on our board of directors because of her digital asset policy experience. Thomas Trowbridge,50, will serve on our board of directors upon the consummation of this offering. Mr. Trowbridge has served as the chief executive officer of Cloudless Labs since September 2019. Mr. Trowbridge has also served on the board of directors of Stronghold Digital Mining (Nasdaq: SDIG) since October 2021 and sits on its compensation committee. We believe Mr. Trowbridge is qualified to serve on our board of directors because of his cryptocurrency experience. Family Relationships There are no family relationships among any of our executive officers, directors or director nominees. Number and Terms of Office of Officers and Directors Our board of directors will consist of five members. Prior to the closing of our initial business combination, only holders of our Class B ordinary shares will be entitled to vote on the appointment and removal of directors or continuing our company in a jurisdiction outside the Cayman Islands (including any special resolution required to amend our constitutional documents or to adopt new constitutional documents, in each case, as a result of our approving a transfer by way of continuation in a jurisdiction outside the Cayman Islands). Holders of our public shares will not be entitled to vote on such matters during such time. These provisions of our amended and restated memorandum and articles of association relating to these rights of holders of Class B ordinary shares may be amended by a special resolution passed by the affirmative vote of at least 90% (or, where such amendment is proposed in respect of the consummation of our initial business combination, two -thirds) of the votes cast by such shareholders as, being entitled to do so, vote in person or, where proxies are allowed, by proxy at the applicable general meeting of the company. In accordance with Nasdaq corporate governance requirements, we are not required to hold an annual general meeting