Digital Asset Acquisition Corp. closes $172.5M IPO; $172.5M placed in trust for business combination

Digital Asset Acquisition Corp.

IPO of 17,250,000 units at $10.00/unit, including full exercise of over-allotment, raising $172.5M gross.
Concurrent private placement of 5,450,000 warrants at $1.00/warrant to sponsor and underwriters, raising $5.45M.
Proceeds placed in trust account; must complete initial business combination within 18 months (21 if definitive agreement signed).
Appointed three independent directors: Kristin Smith, Rebecca Rettig, Thomas Trowbridge; board classified into three classes.
Targeting digital asset and cryptocurrency sectors for business combination.

item 1.01 item 3.02 item 5.02 item 5.03 item 8.01 item 9.01

Executive movements

Machine-extracted from this filing. Every card cites the SEC source. See all recent executive movements.

Appointed

Kristin Smith

Director

DAAQ · Digital Asset Acquisition Corp.

Effective: 2025-04-30
Filed: May 1, 2025, 7:59 PM ET

Kristin Smith, Rebecca Rettig and Thomas Trowbridge were appointed to the board of directors of the Company.

Appointed

Thomas Trowbridge

Director

DAAQ · Digital Asset Acquisition Corp.

Effective: 2025-04-30
Filed: May 1, 2025, 7:59 PM ET

Kristin Smith, Rebecca Rettig and Thomas Trowbridge were appointed to the board of directors of the Company.

Appointed

Rebecca Rettig

Director

DAAQ · Digital Asset Acquisition Corp.

Effective: 2025-04-30
Filed: May 1, 2025, 7:59 PM ET

Kristin Smith, Rebecca Rettig and Thomas Trowbridge were appointed to the board of directors of the Company.

Key facts

Extracted from this filing and checked against the source text.

Executive change SEC 8-K Item 5.02 confidence 0.95

Kristin Smith was appointed as Director at Digital Asset Acquisition Corp..

Action: appointed
Role: Director

Exact text from the filing

Kristin Smith, Rebecca Rettig and Thomas Trowbridge were appointed to the board of directors of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Thomas Trowbridge was appointed as Director at Digital Asset Acquisition Corp..

Action: appointed
Role: Director

Exact text from the filing

Kristin Smith, Rebecca Rettig and Thomas Trowbridge were appointed to the board of directors of the Company.

View on SEC.gov

Executive change SEC 8-K Item 5.02 confidence 0.95

Rebecca Rettig was appointed as Director at Digital Asset Acquisition Corp..

Action: appointed
Role: Director

Exact text from the filing

Kristin Smith, Rebecca Rettig and Thomas Trowbridge were appointed to the board of directors of the Company.

View on SEC.gov

Digital Asset Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001213900-25-038444

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