Company: DAAQ
Filing Date: 2025-02-07
Form Type: S-1
Source: 0001213900-25-011355
Chunk: 158

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-02-07
Form: S-1
Chunk 158
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 so. In the event of any such purchases of our shares prior to the completion of our initial business combination or if we enter into non -redemptionagreements with certain of our shareholders, the number of Class A ordinary shares subject to redemption will be reduced by the amount of any such purchases or shares subject to non -redemptionagreements, increasing the pro forma net tangible book value per share. See “ Proposed Business — Our Initial Business Combination — Permitted Purchases of Our Securities.” 99

The following table illustrates the difference between the public offering price per unit and our Adjusted NTBVPS, as adjusted to give effect to this offering and assuming the redemption of our public shares included in the units offered hereby at varying levels in the scenarios in which the over -allotmentoption is not exercised and exercised in full:

| Numerator:                                                                             |     | No          
 Redemptions 
 With Over-  
 Allotment   |             |   |     | With Over- 
 Allotment  |             |   |     | 25% of Maximum 
 Redemptions    
 With Over-     
 Allotment      |             |   |     | With Over- 
 Allotment  |             |   |     | 50% of Maximum 
 Redemptions    
 With Over-     
 Allotment      |             |   |     | With Over- 
 Allotment  |             |   |     | 75% of Maximum 
 Redemptions    
 With Over-     
 Allotment      |              |   |     | With Over- 
 Allotment  |              |   |     | Maximum        
 Redemptions(3) 
 With Over-     
 Allotment      |              |   |     | With Over- 
 Allotment  |              |   |
|:---------------------------------------------------------------------------------------|:----|:------------|------------:|:--|:----|:-----------|------------:|:--|:----|:---------------|------------:|:--|:----|:-----------|------------:|:--|:----|:---------------|------------:|:--|:----|:-----------|------------:|:--|:----|:---------------|-------------:|:--|:----|:-----------|-------------:|:--|:----|:---------------|-------------:|:--|:----|:-----------|-------------:|:--|
| Net tangible book deficit before this offering                                         |     | $           |      (5,