Tenor/Robin Shah Report Shared Voting Power Over 1.25M DAAQU Shares

Rhea-AI Filing Summary

Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah report shared beneficial ownership of 1,250,000 Class A ordinary shares of Digital Asset Acquisition Corp., representing 7.3% of the 17,250,000 shares the issuer reports as outstanding.

The shares are held by the Master Fund with Tenor Capital serving as investment manager and Robin Shah as the managing member of the general partner, so the reporting persons disclose shared voting and dispositive power over the 1,250,000 shares and no sole voting or dispositive power. The filing also certifies the securities were not acquired to change or influence control of the issuer. This makes clear a single affiliated group holds a material minority stake while disclaiming sole beneficial ownership and control intent.

Positive

• Material ownership disclosed: Reporting persons collectively hold 1,250,000 shares representing 7.3% of the class.
• Clear attribution of authority: Filing specifies shared voting and dispositive power and identifies the investment manager and general partner relationships.
• Certification of non-control intent: Reporting persons certify the securities were not acquired to change or influence issuer control.

Negative

• No sole voting or dispositive power: Reporting persons report 0 shares of sole voting or sole dispositive power, limiting unilateral control.
• Disclaimer of beneficial ownership: Each reporting person disclaims beneficial ownership except to the extent of pecuniary interest, which may limit clarity about economic versus voting influence.

Insights

Financial Analyst

TL;DR: A single affiliated group reports a material 7.3% stake (1.25M shares) in DAAQU, with shared but not sole control.

The filing shows the Master Fund holds 1,250,000 Class A shares, equal to 7.3% of the issuer's reported 17,250,000 outstanding shares, with Tenor Capital as investment manager and Robin Shah connected through the general partner. All reported voting and dispositive power is shared, with zero sole power. For investors, this disclosure documents a notable minority ownership position and clarifies there is no claimed intent to change or influence control as certified in the filing.

Corporate Governance Expert

TL;DR: Governance disclosure highlights shared authority and a formal disclaimer of beneficial ownership and control intent by the reporting persons.

The statement assigns shared voting and dispositive power over 1,250,000 shares to the reporting group while each reporting person disclaims sole beneficial ownership except for pecuniary interest. The filing includes a certification that the securities were not acquired to influence control. From a governance standpoint, the disclosure is clear on allocation of authority and on the filing parties' stated non-control purpose, which is relevant for assessing potential engagement or coordination risk.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

(Amendment No. 1)

Digital Asset Acquisition Corp.

(Name of Issuer)

Class A ordinary shares, par value $0.0001 per share

(Title of Class of Securities)

G2868C129

(CUSIP Number)

06/30/2025

(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)

SCHEDULE 13G

CUSIP No. G2868C129

1

Names of Reporting Persons

Tenor Capital Management Company, L.P.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

DELAWARE

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,250,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,250,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,250,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.3 %

12

Type of Reporting Person (See Instructions)

IA

Comment for Type of Reporting Person: Please see note in Item 4(a)

SCHEDULE 13G

CUSIP No. G2868C129

1

Names of Reporting Persons

Tenor Opportunity Master Fund, Ltd.

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

CAYMAN ISLANDS

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,250,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,250,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,250,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.3 %

12

Type of Reporting Person (See Instructions)

OO

Comment for Type of Reporting Person: Please see note in Item 4(a)

SCHEDULE 13G

CUSIP No. G2868C129

1

Names of Reporting Persons

Robin Shah

2

Check the appropriate box if a member of a Group (see instructions)

(a)
(b)

3

Sec Use Only

4

Citizenship or Place of Organization

UNITED STATES

Number of Shares Beneficially Owned by Each Reporting Person With:

5	Sole Voting Power 0.00
6	Shared Voting Power 1,250,000.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,250,000.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,250,000.00

10

Check box if the aggregate amount in row (9) excludes certain shares (See Instructions)

11

Percent of class represented by amount in row (9)

7.3 %

12

Type of Reporting Person (See Instructions)

HC, IN

Comment for Type of Reporting Person: Please see note in Item 4(a)

SCHEDULE 13G

Item 1.
(a)	Name of issuer: Digital Asset Acquisition Corp.
(b)	Address of issuer's principal executive offices: 174 Nassau Street, Suite 2100 Princeton, NJ 08542
Item 2.
(a)	Name of person filing: Tenor Capital Management Company, L.P. Tenor Opportunity Master Fund, Ltd. Robin Shah
(b)	Address or principal business office or, if none, residence: 810 Seventh Avenue, Suite 1905, New York, NY 10019
(c)	Citizenship: Tenor Capital Management Company, L.P. - Delaware Tenor Opportunity Master Fund, Ltd. - Cayman Islands Robin Shah - USA
(d)	Title of class of securities: Class A ordinary shares, par value $0.0001 per share
(e)	CUSIP No.: G2868C129
Item 3.	If this statement is filed pursuant to §§ 240.13d-1(b) or 240.13d-2(b) or (c), check whether the person filing is a:
(a)	Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o);
(b)	Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c);
(c)	Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c);
(d)	Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8);
(e)	An investment adviser in accordance with § 240.13d-1(b)(1)(ii)(E);
(f)	An employee benefit plan or endowment fund in accordance with § 240.13d-1(b)(1)(ii)(F);
(g)	A parent holding company or control person in accordance with § 240.13d-1(b)(1)(ii)(G);
(h)	A savings associations as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
(i)	A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
(j)	A non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J). If filing as a non-U.S. institution in accordance with § 240.13d-1(b)(1)(ii)(J), please specify the type of institution:
(k)	Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K).
Item 4.	Ownership
(a)	Amount beneficially owned: Tenor Capital Management Company, L.P. - 7.3% Tenor Opportunity Master Fund, Ltd. - 7.3% Robin Shah - 7.3% The Class A Ordinary Shares (the "Shares") reported herein are held by Tenor Opportunity Master Fund, Ltd. (the "Master Fund"). Tenor Capital Management Company, L.P. ("Tenor Capital") serves as the investment manager to the Master Fund. Robin Shah serves as the managing member of Tenor Management GP, LLC, the general partner of Tenor Capital. By virtue of these relationships, the Reporting Persons may be deemed to have shared voting and dispositive power with respect to the Shares owned directly by the Master Fund. This report shall not be deemed an admission that the Reporting Persons are beneficial owners of the Shares for purposes of Section 13 of the Securities Exchange Act of 1934, as amended, or for any other purpose. Each of the Reporting Persons disclaims beneficial ownership of the Shares reported herein except to the extent of the Reporting Person's pecuniary interest therein. The percentages herein are calculated based upon a statement in the Issuer's 10-Q, filed on June 12, 2025 indicating that there are 17,250,000 Shares issued and outstanding as of the date of the filing.
(b)	Percent of class: Tenor Capital Management Company, L.P. - 7.3% Tenor Opportunity Master Fund, Ltd. - 7.3% Robin Shah - 7.3%
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: Tenor Capital Management Company, L.P. - 0 Tenor Opportunity Master Fund, Ltd. - 0 Robin Shah - 0
	(ii) Shared power to vote or to direct the vote: Tenor Capital Management Company, L.P. - 1,250,000 Tenor Opportunity Master Fund, Ltd. - 1,250,000 Robin Shah - 1,250,000
	(iii) Sole power to dispose or to direct the disposition of: Tenor Capital Management Company, L.P. - 0 Tenor Opportunity Master Fund, Ltd. - 0 Robin Shah - 0
	(iv) Shared power to dispose or to direct the disposition of: Tenor Capital Management Company, L.P. - 1,250,000 Tenor Opportunity Master Fund, Ltd. - 1,250,000 Robin Shah - 1,250,000
Item 5.	Ownership of 5 Percent or Less of a Class.
Item 6.	Ownership of more than 5 Percent on Behalf of Another Person.
	Not Applicable
Item 7.	Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on by the Parent Holding Company or Control Person.
	Not Applicable
Item 8.	Identification and Classification of Members of the Group.
	Not Applicable
Item 9.	Notice of Dissolution of Group.
	Not Applicable

Item 10.

Certifications:

By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were not acquired and are not held for the purpose of or with the effect of changing or influencing the control of the issuer of the securities and were not acquired and are not held in connection with or as a participant in any transaction having that purpose or effect, other than activities solely in connection with a nomination under ?? 240.14a-11.

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

Tenor Capital Management Company, L.P.

Signature:	/s/ Robin Shah
Name/Title:	Robin Shah, Managing Member of its general partner, Tenor Management GP, LLC
Date:	08/14/2025

Tenor Opportunity Master Fund, Ltd.

Signature:	/s/ Robin Shah
Name/Title:	Robin Shah, Authorized Signatory
Date:	08/14/2025

Robin Shah

Signature:	/s/ Robin Shah
Name/Title:	Robin Shah
Date:	08/14/2025

Exhibit Information

EXHIBIT I - JOINT FILING STATEMENT

FAQ

How many DAAQU shares do Tenor entities and Robin Shah report owning?

They report shared beneficial ownership of 1,250,000 Class A ordinary shares of Digital Asset Acquisition Corp.

What percentage of DAAQU does the 1,250,000-share position represent?

The filing states this position represents 7.3% of the Class A shares based on the issuer's reported outstanding share count.

Who are the reporting persons on the Schedule 13G/A for DAAQU?

The reporting persons are Tenor Capital Management Company, L.P., Tenor Opportunity Master Fund, Ltd., and Robin Shah.

Do the reporting persons have sole voting or dispositive power over the shares?

No. The filing shows 0 shares of sole voting or sole dispositive power and 1,250,000 shares of shared voting and dispositive power.

Was the stake acquired to influence or change control of DAAQU?

The filing includes a certification stating the securities were not acquired and are not held to change or influence the control of the issuer.

What is the reported basis for the percentage calculation?

The percentage is calculated using the issuer's reported outstanding share count of 17,250,000 Class A shares.