---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-038444"
form_type: "8-K"
ticker: "DAAQ"
cik: "0002052162"
company_name: "Digital Asset Acquisition Corp."
filed_at: "2025-05-01T23:59:59+00:00"
generated_at: "2026-05-23T01:16:01.182092+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001213900-25-038444
- form_type: 8-K
- ticker: DAAQ
- cik: 0002052162
- company_name: Digital Asset Acquisition Corp.
- filed_at: 2025-05-01T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 1.01, 3.02, 5.02, 5.03, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2052162/000121390025038444/0001213900-25-038444-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2052162/000121390025038444/ea0240140-8k_digital.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-038444
- JSON: https://secwatch.observer/filing/0001213900-25-038444.json
- Plain text: https://secwatch.observer/filing/0001213900-25-038444.txt

## Key facts
- Executive change
  Kristin Smith was appointed as Director at Digital Asset Acquisition Corp..
  - Action: appointed
  - Role: Director
  source text: Kristin Smith, Rebecca Rettig and Thomas Trowbridge were appointed to the board of directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2052162/000121390025038444/0001213900-25-038444-index.htm
- Executive change
  Thomas Trowbridge was appointed as Director at Digital Asset Acquisition Corp..
  - Action: appointed
  - Role: Director
  source text: Kristin Smith, Rebecca Rettig and Thomas Trowbridge were appointed to the board of directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2052162/000121390025038444/0001213900-25-038444-index.htm
- Executive change
  Rebecca Rettig was appointed as Director at Digital Asset Acquisition Corp..
  - Action: appointed
  - Role: Director
  source text: Kristin Smith, Rebecca Rettig and Thomas Trowbridge were appointed to the board of directors of the Company.
  evidence_url: https://www.sec.gov/Archives/edgar/data/2052162/000121390025038444/0001213900-25-038444-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.