Company: DAAQ
Filing Date: 2025-02-07
Form Type: S-1
Source: 0001213900-25-011355
Chunk: 348

Company: Digital Asset Acquisition Corp.
Filing Date: 2025-02-07
Form: S-1
Chunk 348
---
us, will not, without the prior written consent of the representatives, offer, sell, contract to sell, pledge, sell any option or contract to purchase, purchase any option or contract to sell, grant any option, right or warrant to purchase, lend or otherwise transfer or dispose of, directly or indirectly, any units, warrants, ordinary shares or any other securities convertible into, or exercisable or exchangeable for, any units, F-14 DIGITAL ASSET ACQUISITION CORP.
NOTES TO FINANCIAL STATEMENTS DECEMBER 31, 2024 NOTE 6. COMMITMENTS (cont.) ordinary shares, Founder Shares or warrants, subject to certain exceptions. The representatives in their discretion may release any of the securities subject to these lock -upagreements at any time without notice, other than in the case of the officers and directors, which shall be with notice. The Sponsor, officers and directors are also subject to separate transfer restrictions on their Founder Shares and private placement warrants pursuant to the letter agreement described herein. The Company will grant the Underwriter a 45 -dayoption from the date of the Proposed Offering to purchase up to 2,250,000 additional Units to cover over -allotments, if any, at the Proposed Offering price less the underwriting discounts and commissions. The Underwriter will be entitled to a cash underwriting discount of $0.60 per Unit, or $9,000,000 in the aggregate (or $10,350,000 in the aggregate if the Underwriter’s over -allotmentoption is exercised in full), payable upon the closing of the Proposed Offering. In addition, the Underwriter will be entitled to a deferred fee of $0.40 per Unit, or $6,000,000 in the aggregate (or $6,900,000 in the aggregate if the Underwriter’s over -allotmentoption is exercised in full). The deferred fee will become payable to the Underwriter from the amounts held in the Trust Account solely in the event that the Company completes a Business Combination, subject to the terms of the underwriting agreement. NOTE 7. SHAREHOLDER’S EQUITY Preference shares— The Company is authorized to issue 5,000,000 preference shares with a par value of $0.0001 per share, with such designations, voting and other rights and preferences as may be determined from time to time by the Company’s board of directors. As of December 31, 2024, there were no preference