Welcome to our dedicated page for DIGITAL ASSET ACQUISITION news (Ticker: DAAQU), a resource for investors and traders seeking the latest updates and insights on DIGITAL ASSET ACQUISITION stock.
Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect DIGITAL ASSET ACQUISITION's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.
Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of DIGITAL ASSET ACQUISITION's position in the market.
Digital Asset Acquisition Corp has successfully completed its $172.5 million initial public offering (IPO), selling 17,250,000 units at $10.00 per unit on Nasdaq. Each unit includes one Class A ordinary share and half of one redeemable warrant, exercisable at $11.50 per share.
The company's units trade under "DAAQU", with Class A shares and warrants to list separately as "DAAQ" and "DAAQW". A concurrent private placement raised $5.45 million through 5,450,000 warrants at $1.00 each, purchased by DAAQ Sponsor LLC, Cohen & Company Capital Markets, and Clear Street.
As a blank check company, Digital Asset Acquisition Corp aims to pursue business combinations in the digital asset and cryptocurrency sectors. The IPO placed $172.5 million in trust, with Cohen & Company Capital Markets leading the offering and Clear Street acting as joint book-runner.
Digital Asset Acquisition Corp has announced the pricing of its $150 million initial public offering, offering 15,000,000 units at $10.00 per unit. The units will trade on Nasdaq under the symbol "DAAQU" starting April 29, 2025.
Each unit includes one Class A ordinary share and half of one redeemable warrant. Whole warrants can purchase one Class A share at $11.50. Once separated, shares and warrants will trade as "DAAQ" and "DAAQW" respectively.
The company is a blank check company targeting opportunities in the digital asset and cryptocurrency sectors. Cohen & Company Capital Markets leads the offering, with Clear Street as joint book-runner. Underwriters have a 45-day option to purchase up to 2,250,000 additional units for over-allotments.
The offering, expected to close April 30, 2025, is only available through prospectus from Cohen & Company Capital Markets.
FAQ
What is the current stock price of DIGITAL ASSET ACQUISITION (DAAQU)?
