Digital Asset Acquisition Corp. Files Q2 2025 10-Q
Ticker: DAAQU · Form: 10-Q · Filed: Aug 19, 2025 · CIK: 2052162
| Field | Detail |
|---|---|
| Company | Digital Asset Acquisition Corp. (DAAQU) |
| Form Type | 10-Q |
| Filed Date | Aug 19, 2025 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.0001, $11.50 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, quarterly-report, digital-asset-acquisition-corp
TL;DR
DAAC filed its Q2 10-Q. Financials and operations update.
AI Summary
Digital Asset Acquisition Corp. filed its quarterly report on Form 10-Q for the period ended June 30, 2025. The company, incorporated in the Cayman Islands, is based in Princeton, New Jersey. This filing provides an update on its financial status and operations during the second quarter of 2025.
Why It Matters
This filing provides investors with an update on Digital Asset Acquisition Corp.'s financial performance and operational status for the second quarter of 2025.
Risk Assessment
Risk Level: low — This is a standard quarterly filing and does not contain immediate, significant risk-inducing information.
Key Players & Entities
- Digital Asset Acquisition Corp. (company) — Registrant
- June 30, 2025 (date) — Quarterly period end date
- August 19, 2025 (date) — Filing date
- 174 Nassau Street, Suite 2100, Princeton, New Jersey 08542 (location) — Principal executive offices address
FAQ
What is the filing type and period covered?
The filing is a Form 10-Q, a quarterly report under Section 13 or 15(d) of the Securities Exchange Act of 1934, for the quarterly period ended June 30, 2025.
What is the company's official name and incorporation jurisdiction?
The company's official name is Digital Asset Acquisition Corp., and it is incorporated in the Cayman Islands.
Where are the company's principal executive offices located?
The company's principal executive offices are located at 174 Nassau Street, Suite 2100, Princeton, New Jersey 08542.
What is the company's SIC code?
The company's Standard Industrial Classification (SIC) code is 6770, which typically relates to Blank Checks.
When was this 10-Q filing submitted to the SEC?
This 10-Q filing was submitted to the SEC on August 19, 2025.
Filing Stats: 4,686 words · 19 min read · ~16 pages · Grade level 17.4 · Accepted 2025-08-18 19:45:35
Key Financial Figures
- $0.0001 — nsisting of one Class A ordinary share, $0.0001 par value, and one-half of one redeemab
- $11.50 — ordinary share at an exercise price of $11.50 per share DAAQW The Nasdaq Stock Market
Filing Documents
- ea0251800-10q_digital.htm (10-Q) — 543KB
- ea025180001ex31-1_digital.htm (EX-31.1) — 10KB
- ea025180001ex31-2_digital.htm (EX-31.2) — 10KB
- ea025180001ex32-1_digital.htm (EX-32.1) — 4KB
- ea025180001ex32-2_digital.htm (EX-32.2) — 4KB
- 0001213900-25-078074.txt ( ) — 3773KB
- daaq-20250630.xsd (EX-101.SCH) — 42KB
- daaq-20250630_cal.xml (EX-101.CAL) — 17KB
- daaq-20250630_def.xml (EX-101.DEF) — 203KB
- daaq-20250630_lab.xml (EX-101.LAB) — 310KB
- daaq-20250630_pre.xml (EX-101.PRE) — 205KB
- ea0251800-10q_digital_htm.xml (XML) — 409KB
SIGNATURES
SIGNATURES 25 i PART I. FINANCIAL INFORMATION
UNAUDITED CONDENSED FINANCIAL STATEMENTS
Item 1. UNAUDITED CONDENSED FINANCIAL STATEMENTS DIGITAL ASSET ACQUISITION CORP. CONDENSED BALANCE SHEETS June 30, 2025 December 31, 2024 (unaudited) ASSETS Current assets: Due from Sponsor $ 1,281,540 $ — Prepaid insurance 65,625 — Total current assets 1,347,165 — Deferred offering costs — 25,000 Marketable securities held in Trust Account 173,664,886 — Long-term prepaid insurance 54,546 — TOTAL ASSETS $ 175,066,597 $ 25,000 LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) Current liabilities: Accrued expenses $ 77,908 $ 4,791 Due to related party 75,321 321 Total current liabilities 153,229 5,112 Deferred underwriting fee payable 6,900,000 — Total Liabilities $ 7,053,229 $ 5,112 Commitments and Contingencies (Note 7) Class A ordinary shares subject to possible redemption, 17,250,000 shares at redemption value of $ 10.07 per share at June 30, 2025 and 0 shares at December 31, 2024 173,664,886 — Shareholders' Equity (Deficit) Preference shares, $ 0.0001 par value; 5,000,000 shares authorized; none issued or outstanding at June 30, 2025 and December 31, 2024 — — Class A ordinary shares, $ 0.0001 par value; 500,000,000 shares authorized (excluding 17,250,000 Class A ordinary shares subject to possible redemption); none issued or outstanding at June 30, 2025 and December 31, 2024 — — Class B ordinary shares, $ 0.0001 par value, 50,000,000 shares authorized, 5,750,000 shares issued and outstanding at June 30, 2025 and December 31, 2024 (1) 575 575 Additional paid-in capital — 24,425 Accumulated deficit ( 5,652,093 ) ( 5,112 ) Total Shareholders' Equity (Deficit) ( 5,651,518 ) 19,888 LIABILITIES AND SHAREHOLDERS' EQUITY (DEFICIT) $ 175,066,597 $ 25,000 (1) Includes up to 750,000 Class B ordinary shares that were subject to forfeiture if the over-allotment option was not exercised in full or in part by the Underwriters (see Note 6). On April 30, 2025, the Underwriters' ove