Digital Asset Acquisition Corp. Announces the Separate Trading of its Class A Ordinary Shares and Warrants, Commencing on or about June 2, 2025

Rhea-AI Summary

Digital Asset Acquisition Corp. (NASDAQ: DAAQU) announced that holders of units from its initial public offering can begin trading Class A ordinary shares and warrants separately starting around June 2, 2025. The IPO, completed on April 30, 2025, consisted of 17,250,000 units, including 2,250,000 units from the fully exercised overallotment option.

The units will continue trading on Nasdaq under "DAAQU," while the separated Class A ordinary shares and warrants will trade under "DAAQ" and "DAAQW" respectively. Only whole warrants will be traded, with no fractional warrants issued. Unit holders must contact Efficiency, the transfer agent, to separate their units.

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News Market Reaction – DAAQU

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+0.58% News Effect

On the day this news was published, DAAQU gained 0.58%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

PRINCETON, NEW JERSEY, May 29, 2025 (GLOBE NEWSWIRE) -- Digital Asset Acquisition Corp. (Nasdaq: DAAQU) (the “Company”) announced that holders of the units sold in the Company’s initial public offering of 17,250,000 units, which includes 2,250,000 units issued pursuant to the exercise by the underwriters of their overallotment option in full, completed on April 30, 2025 (the “Offering”), may elect to separately trade the Class A ordinary shares and warrants included in the units commencing on or about June 2, 2025. Any units not separated will continue to trade on The Nasdaq Global Market under the symbol “DAAQU,” and each of the Class A ordinary shares and warrants will separately trade on The Nasdaq Global Market under the symbols “DAAQ” and “DAAQW,” respectively. No fractional warrants will be issued upon separation of the units and only whole warrants will trade. Holders of units will need to have their brokers contact Efficiency, the Company’s transfer agent, at dwacrequests@useefficiency.com in order to separate the units into Class A ordinary shares and warrants.

A registration statement relating to the securities was declared effective on April 28, 2025 in accordance with Section 8(a) of the Securities Act of 1933, as amended. 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.

Cautionary Note Concerning Forward-Looking Statements

This press release contains statements that constitute “forward-looking statements,” including with respect to the Company’s search for an initial business combination. 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 for the initial public 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.

About Digital Asset Acquisition Corp.

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.

Contact

Peter Ort
Principal Executive Officer and Co-Chairman
Digital Asset Acquisition Corp.
pete@curaleaassociates.com 

FAQ

When will DAAQU units begin trading separately as shares and warrants?

Digital Asset Acquisition Corp.'s units will begin trading separately as Class A ordinary shares (DAAQ) and warrants (DAAQW) on or about June 2, 2025.

How many units were sold in Digital Asset Acquisition Corp.'s (DAAQU) IPO?

The company sold 17,250,000 units in total, which includes 2,250,000 units from the fully exercised overallotment option.

What are the trading symbols for Digital Asset Acquisition Corp.'s securities?

The units trade as DAAQU, the Class A ordinary shares will trade as DAAQ, and the warrants will trade as DAAQW on the Nasdaq Global Market.

How can DAAQU unit holders separate their units into shares and warrants?

Unit holders need to have their brokers contact Efficiency, the company's transfer agent, at dwacrequests@useefficiency.com to separate the units.

Will fractional warrants be issued when DAAQU units are separated?

No, fractional warrants will not be issued upon separation of the units, and only whole warrants will trade.