STOCK TITAN

Harraden exit filing removes >5% stake in Digital Asset Acquisition (DAAQ)

(Neutral)
(Neutral)
Form Type
SCHEDULE 13G/A

Rhea-AI Filing Summary

Harraden-related entities filed an Amendment No. 2 to a Schedule 13G/A reporting they no longer beneficially own more than 5% of Digital Asset Acquisition Corp. The filing states Amount beneficially owned: 0 and Percent of class: 0%. The Schedule is signed by Frederick V. Fortmiller, Jr. and the explanatory note describes this as an exit filing dated 05/14/2026.

Positive

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Negative

  • None.

Insights

Harraden and affiliated entities disclose exit from >5% beneficial ownership position.

The filing amends a prior Schedule 13G/A and reports 0 shares beneficially owned and 0% of the Class A common stock as of the amendment. The signature block shows multiple attestations by Frederick V. Fortmiller, Jr.

This is an administrative ownership update; cash‑flow treatment or sale mechanics are not described in the excerpt. Subsequent filings could show transaction details if disclosed.

Amount beneficially owned 0 shares Item 4(a) on Schedule 13G/A
Percent of class 0% Item 4(b) on Schedule 13G/A
CUSIP G2868C103 Cover and Item 1(d)
Amendment signature date 05/14/2026 Signature block
Issuer principal office 174 Nassau Street, Suite 2100, Princeton, NJ 08542 Item 1(b)
Schedule 13G/A regulatory
"Amendment No. 2 to a Schedule 13G/A reporting"
A Schedule 13G/A is an amended public filing with the U.S. securities regulator that updates a previous Schedule 13G, disclosing when an individual or group holds a substantial (typically over 5%) stake in a company and is claiming a passive, non‑controlling intent. Investors monitor these updates because rising or falling holdings can signal changing confidence, potential future moves, or shifts in voting power — like watching a public ledger where large shareholders quietly adjust their positions.
beneficially owned financial
"Amount beneficially owned: 0 and Percent of class: 0%"
Beneficially owned describes securities or assets where a person has the economic rights and control—such as the right to receive dividends and to direct voting—even if legal title is held in another name. Think of it like having the keys and using a car that’s registered to someone else: you get the benefits and make decisions. Investors care because beneficial ownership reveals who truly controls value and voting power, affecting corporate decisions and takeover dynamics.
exit filing regulatory
"This Amendment constitutes an exit filing for the Reporting Persons"

AI-generated analysis. How Rhea-AI works. Not financial advice.

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FAQ

What does the Schedule 13G/A amendment for DAAQ mean?

It reports that Harraden-related entities have ceased to beneficially own more than 5% of DAAQ. The filing lists 0 shares and 0%, and the amendment is signed on 05/14/2026 as an exit filing.

Who filed the amendment for Digital Asset Acquisition Corp. (DAAQ)?

The statement is filed on behalf of Harraden Circle entities and Frederick V. Fortmiller, Jr. It lists Harraden Adviser, Harraden GP, Harraden LLC, several Harraden funds, and Mr. Fortmiller as reporting persons.

Does the filing disclose how Harraden disposed of DAAQ shares?

The excerpt does not describe sale mechanics, counterparties, or proceeds. It only states beneficial ownership is now 0 shares and labels the submission an exit filing; transaction details are not included here.

When did the reporting persons execute the exit filing for DAAQ?

The signature block shows attestations by Frederick V. Fortmiller, Jr. dated 05/14/2026. The cover reference includes 03/31/2026 near the CUSIP, but the signatures record the amendment execution date.





G2868C103

(CUSIP Number)
03/31/2026

(Date of Event Which Requires Filing of this Statement)


Check the appropriate box to designate the rule pursuant to which this Schedule is filed:
Rule 13d-1(b)
Rule 13d-1(c)
Rule 13d-1(d)




schemaVersion:


SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G





SCHEDULE 13G



Harraden Circle Investments, LLC
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member
Date:05/14/2026
Harraden Circle Investors GP, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner
Date:05/14/2026
Harraden Circle Investors GP, LLC
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member
Date:05/14/2026
Harraden Circle Investors, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:05/14/2026
Harraden Circle Special Opportunities, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:05/14/2026
Harraden Circle Strategic Investments, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:05/14/2026
Harraden Circle Concentrated, LP
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr., managing member; Harraden Circle Investors GP, LLC, general partner; Harraden Circle Investors GP, LP, general partner
Date:05/14/2026
Frederick V. Fortmiller, Jr.
Signature:/s/ Frederick V. Fortmiller, Jr.
Name/Title:Frederick V. Fortmiller, Jr.
Date:05/14/2026

Comments accompanying signature: Explanatory Note: This Amendment is being filed to report that the Reporting Persons have ceased to be the beneficial owners of more than five percent of the outstanding shares of Class A common stock of the "Issuer". This Amendment constitutes an exit filing for the Reporting Persons.