Digital Asset Acquisition Corp. Announces Pricing of $150 Million Initial Public Offering
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.
Digital Asset Acquisition Corp ha annunciato il prezzo della sua offerta pubblica iniziale da 150 milioni di dollari, offrendo 15.000.000 di unità a 10,00 dollari ciascuna. Le unità saranno quotate al Nasdaq con il simbolo "DAAQU" a partire dal 29 aprile 2025.
Ogni unità comprende una azione ordinaria di Classe A e metà di un warrant rimborsabile. I warrant completi consentono di acquistare una azione di Classe A a 11,50 dollari. Una volta separati, azioni e warrant saranno negoziati rispettivamente come "DAAQ" e "DAAQW".
L'azienda è una blank check company che punta a opportunità nei settori degli asset digitali e delle criptovalute. Cohen & Company Capital Markets guida l'offerta, con Clear Street come co-lead bookrunner. Gli underwriter hanno un'opzione di 45 giorni per acquistare fino a 2.250.000 unità aggiuntive per sovrallocazioni.
L'offerta, che si prevede si concluda il 30 aprile 2025, è disponibile esclusivamente tramite il prospetto di Cohen & Company Capital Markets.
Digital Asset Acquisition Corp ha anunciado el precio de su oferta pública inicial de 150 millones de dólares, ofreciendo 15,000,000 de unidades a 10.00 dólares por unidad. Las unidades se negociarán en Nasdaq bajo el símbolo "DAAQU" a partir del 29 de abril de 2025.
Cada unidad incluye una acción ordinaria Clase A y la mitad de un warrant redimible. Los warrants completos permiten comprar una acción Clase A a 11.50 dólares. Una vez separados, las acciones y los warrants se negociarán como "DAAQ" y "DAAQW" respectivamente.
La compañía es una blank check company que busca oportunidades en los sectores de activos digitales y criptomonedas. Cohen & Company Capital Markets lidera la oferta, con Clear Street como co-bookrunner. Los suscriptores tienen una opción de 45 días para comprar hasta 2,250,000 unidades adicionales por sobresuscripciones.
La oferta, que se espera cierre el 30 de abril de 2025, está disponible únicamente mediante el prospecto de Cohen & Company Capital Markets.
Digital Asset Acquisition Corp는 1억 5천만 달러 규모의 기업공개(IPO) 가격을 발표했으며, 단위당 10.00달러에 15,000,000 단위를 제공합니다. 이 단위는 2025년 4월 29일부터 나스닥에서 "DAAQU"라는 심볼로 거래됩니다.
각 단위는 클래스 A 보통주 1주와 상환 가능한 워런트 0.5개를 포함합니다. 워런트 1개는 클래스 A 주식 1주를 11.50달러에 구매할 수 있습니다. 분리 후 주식과 워런트는 각각 "DAAQ"와 "DAAQW"로 거래됩니다.
이 회사는 블랭크 체크 회사로서 디지털 자산 및 암호화폐 분야의 기회를 목표로 하고 있습니다. Cohen & Company Capital Markets가 주관하며 Clear Street가 공동 주관사입니다. 인수인은 45일간 최대 2,250,000 단위 추가 매입 옵션을 보유하고 있습니다.
이번 공모는 2025년 4월 30일 마감 예정이며, Cohen & Company Capital Markets의 설명서를 통해서만 참여할 수 있습니다.
Digital Asset Acquisition Corp a annoncé le prix de son offre publique initiale de 150 millions de dollars, proposant 15 000 000 d'unités au prix de 10,00 dollars chacune. Les unités seront cotées au Nasdaq sous le symbole "DAAQU" à partir du 29 avril 2025.
Chaque unité comprend une action ordinaire de classe A et une demi-option d'achat (warrant) remboursable. Un warrant complet permet d'acheter une action de classe A à 11,50 dollars. Une fois séparés, les actions et les warrants seront négociés sous les symboles "DAAQ" et "DAAQW" respectivement.
La société est une blank check company ciblant des opportunités dans les secteurs des actifs numériques et des cryptomonnaies. Cohen & Company Capital Markets dirige l'offre, avec Clear Street en tant que co-chef de file. Les souscripteurs disposent d'une option de 45 jours pour acheter jusqu'à 2 250 000 unités supplémentaires en cas de surallocation.
L'offre, dont la clôture est prévue le 30 avril 2025, est disponible uniquement via le prospectus de Cohen & Company Capital Markets.
Digital Asset Acquisition Corp hat den Preis seines 150 Millionen US-Dollar großen Börsengangs bekanntgegeben und bietet 15.000.000 Einheiten zu je 10,00 US-Dollar an. Die Einheiten werden ab dem 29. April 2025 unter dem Symbol "DAAQU" an der Nasdaq gehandelt.
Jede Einheit umfasst eine Stammaktie der Klasse A und eine halbe einlösbare Wandelanleihe (Warrant). Ganze Warrants berechtigen zum Kauf einer Klasse A-Aktie zum Preis von 11,50 US-Dollar. Nach der Trennung werden Aktien und Warrants unter den Symbolen "DAAQ" bzw. "DAAQW" gehandelt.
Das Unternehmen ist eine Blank-Check-Gesellschaft, die Chancen im Bereich digitaler Vermögenswerte und Kryptowährungen anstrebt. Cohen & Company Capital Markets führt das Angebot an, Clear Street ist Co-Bookrunner. Die Underwriter haben eine 45-tägige Option zum Kauf von bis zu 2.250.000 zusätzlichen Einheiten zur Deckung von Mehrzuteilungen.
Das Angebot, das voraussichtlich am 30. April 2025 abgeschlossen wird, ist ausschließlich über den Prospekt von Cohen & Company Capital Markets erhältlich.
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Insights
Digital Asset Acquisition Corp. priced its $150M SPAC IPO targeting cryptocurrency sector acquisitions, following standard SPAC structure with shares and warrants.
Digital Asset Acquisition Corp. has priced its
The units will trade on Nasdaq under ticker DAAQU starting April 29, 2025, with the shares and warrants later separating to trade as DAAQ and DAAQW respectively. The whole warrants will be exercisable at
Underwriters have a 45-day option to purchase up to an additional 2,250,000 units (
This SPAC has declared its intention to target opportunities specifically in the digital asset and cryptocurrency sectors, though no specific acquisition targets are identified in the announcement. As with all SPACs, the company is essentially a cash shell at this stage, with investor returns dependent on management's ability to identify and execute a business combination.
A new $150M SPAC targeting crypto acquisitions signals continued institutional interest in bringing digital asset companies to public markets.
Digital Asset Acquisition Corp.'s
The SPAC structure offers private companies in the digital asset space an alternative path to public markets compared to traditional IPOs. For the cryptocurrency ecosystem, this represents another channel through which private companies might achieve liquidity or access public market capital.
While the press release doesn't detail specific subsectors of interest within the digital asset landscape, the broad focus encompasses the diverse range of businesses operating in blockchain technology, cryptocurrency services, and digital asset infrastructure.
The formation of SPACs targeting the digital asset sector reflects the continuing institutionalization of the cryptocurrency space. This vehicle joins other financial structures that bridge traditional capital markets and the emerging digital asset ecosystem, creating potential opportunities for private blockchain companies to transition to public ownership.
PRINCETON, NJ, April 28, 2025 (GLOBE NEWSWIRE) -- Digital Asset Acquisition Corp. (the “Company”) today announced the pricing of its initial public offering of 15,000,000 units at a price of
Digital Asset Acquisition Corp. is a blank check company formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. While the Company may pursue an initial business combination in any industry, sector or geographic region, it intends to target opportunities and companies that are in the digital asset and cryptocurrency sectors.
Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is acting as the lead book-running manager for the offering and Clear Street LLC is acting as joint book-runner for the offering. The Company has granted the underwriters a 45-day option to purchase up to an additional 2,250,000 units at the initial public offering price to cover over-allotments, if any.
A registration statement relating to these securities was declared effective by the U.S. Securities and Exchange Commission (the “SEC”) on April 28, 2025. This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
The offering is being made only by means of a prospectus. Copies of the prospectus may be obtained, when available, from Cohen & Company Capital Markets, 3 Columbus Circle, 24th Floor, New York, NY 10019, Attention: Prospectus Department, or by email at: capitalmarkets@cohencm.com.
FORWARD-LOOKING STATEMENTS
This press release contains statements that constitute “forward-looking statements,” including with respect to the proposed initial public offering and the anticipated use of the net proceeds from the offering. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the net proceeds of the offering will be used as indicated, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Company’s registration statement and preliminary prospectus for the Company’s offering filed with the SEC. Copies are available on the SEC’s website, www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.
CONTACT
Peter Ort
Principal Executive Officer and Co-Chairman
Digital Asset Acquisition Corp.
pete@curaleaassociates.com
