---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-25-040233"
form_type: "8-K"
ticker: "DAAQ"
cik: "0002052162"
company_name: "Digital Asset Acquisition Corp."
filed_at: "2025-05-06T23:59:59+00:00"
generated_at: "2026-05-22T14:52:53.818009+00:00"
event_type: "other_material"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Digital Asset Acquisition Corp. closes $172.5M IPO and $5.45M private placement on April 30, 2025

## Summary
- IPO of 17,250,000 units at $10.00/unit, each consisting of one Class A share and one-half redeemable warrant.
- Private placement of 5,450,000 warrants at $1.00 each to sponsor and underwriters, gross proceeds $5,450,000.
- $172,500,000 deposited into trust; audited balance sheet shows trust cash of $172.5M and $1.6M due from sponsor.
- Class A shares redeemable at $10.00 per share; SPAC must complete business combination by October 30, 2026 (or Jan 30, 2027).
- Working capital surplus of $1.36M alleviates going-concern doubt after IPO.

## SEC filing metadata
- accession: 0001213900-25-040233
- form_type: 8-K
- ticker: DAAQ
- cik: 0002052162
- company_name: Digital Asset Acquisition Corp.
- filed_at: 2025-05-06T23:59:59+00:00
- event_type: other_material
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2052162/000121390025040233/0001213900-25-040233-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2052162/000121390025040233/ea0241095-8k_digital.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-25-040233
- JSON: https://secwatch.observer/filing/0001213900-25-040233.json
- Plain text: https://secwatch.observer/filing/0001213900-25-040233.txt

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