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Ipos overview

Digital Asset Acquisition Corp. (DAAQU)


Company Overview

Proposed Symbol DAAQU
Company Name Digital Asset Acquisition Corp.
Exchange
Share Price $
Employees 2 (as of 02/07/2025)
Status
Shares Offered
Offer amount $172,500,000
Shares Over Alloted
Company Address 174 NASSAU STREET SUITE 2100 PRINCETON NJ 08542
Company Phone 609-924-0759
Company Website www.Newsmax.com
CEO Peter Ort
State of Inc
Fiscal Year End 12-31
Total Offering Expense $700,000.00
Shareholder Shares Offered
Shares Outstanding 20,000,000
Lockup Period (days) 180
Lockup Expiration
Quiet Period Expiration
CIK 0002052162
DealId 1324292-112908

Company Description

We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. We may pursue an initial business combination in any business or industry but expect to target opportunities and companies that are in the digital asset and cryptocurrency sectors. While we may pursue an initial business combination in any industry, sector or geographic region, we intend to focus our search initially on identifying companies in the digital asset and cryptocurrency and adjacent sectors that power transformation and innovation. Our expertise lends itself well to pursuing platforms related to the digital asset, real estate, and related technology infrastructure sectors, but we are not required to complete our initial business combination with a business in these industries and, as a result, we may pursue a business combination outside of these industries. We expect to pursue global businesses but may also acquire a domestic company. We do not intend to acquire companies that are excessively leveraged. We believe our management team has the skills and experience to identify, evaluate and consummate a business combination and is positioned to assist businesses we acquire. However, our management team’s network and investing and operating experience do not guarantee a successful initial business combination. The members of our management team are not required to devote any significant amount of time to our business and are concurrently involved with other businesses. There is no guarantee that our current officers and directors will continue in their respective roles, or in any other role, after our initial business combination, and their expertise may only be of benefit to us until our initial business combination is completed. Past performance by our management team is not a guarantee of success with respect to any business combination we may consummate. --- Our executive offices are located at 174 Nassau Street, Suite 2100, Princeton, New Jersey 08542. Our telephone number is (609) 924-0759.