Schedule 13G: Harraden Circle owns 1.09M DAAQU shares (6.3%)

Rhea-AI Filing Summary

Harraden Circle Investments, LLC and a group of related Delaware-domiciled investment entities have filed a Schedule 13G reporting passive beneficial ownership of Digital Asset Acquisition Corp. (Class A Common Stock, CUSIP G2868C103). The filing date is 23 June 2025.

The group collectively controls 1,087,207 Class A shares, equal to 6.30 % of the outstanding class. Voting and dispositive power over the entire block is shared among the reporting persons; none of the entities or individuals claims sole power. The share totals are split across four limited partnerships managed by the group: (i) Harraden Circle Investors, LP – 503,806 shares (2.92 %), (ii) Harraden Circle Special Opportunities, LP – 282,347 shares (1.64 %), (iii) Harraden Circle Strategic Investments, LP – 186,196 shares (1.08 %), and (iv) Harraden Circle Concentrated, LP – 114,858 shares (0.67 %).

Harraden Circle Investors GP, LP serves as general partner of the four funds, with Harraden Circle Investors GP, LLC as its general partner. Harraden Circle Investments, LLC acts as investment adviser, while Frederick V. Fortmiller, Jr. is the managing member of both the adviser and the general partner. The filing is made under Schedule 13G, indicating a passive investment posture rather than an activist intent. Nonetheless, holding more than 5 % makes the group a significant shareholder with potential influence over corporate matters requiring shareholder approval.

No other material transactions, financial metrics, or changes in ownership structure are disclosed in this filing.

Positive

• Harraden Circle group disclosed a 6.3 % beneficial stake (1,087,207 shares) in Digital Asset Acquisition Corp., introducing a new significant institutional shareholder.

Negative

• None.

Insights

Securities Analyst

TL;DR: 6.3 % passive stake signals fresh institutional interest; impact modest but noteworthy.

The Harraden Circle complex has accumulated just over the 5 % reporting threshold, disclosing 1.09 million Class A shares of Digital Asset Acquisition Corp. The Schedule 13G form confirms a passive stance, so immediate strategic pressure on management is unlikely. Still, a concentrated fund family entering the register can support liquidity and lend credibility to the SPAC’s equity story, particularly ahead of any de-SPAC transaction. Because voting and dispositive authority are shared across multiple vehicles, coordinated block exits are less probable in the near term. At 6.3 % the group is now the fourth-largest shareholder, a level that allows it to sway ordinary-course proposals but not control outcomes. Overall market reaction should be neutral to mildly positive.

Corporate Governance Expert

TL;DR: New 5 %+ holder raises governance visibility but remains passive; risk unchanged.

The Harraden entities filed under Rule 13d-1(b)/(c)/(d), indicating no activist agenda. Shared voting power across eight reportable persons dilutes any single-party influence and lessens the risk of coordinated control contests. Digital Asset Acquisition Corp. now has another institutional voice that could support best-practice governance demands (e.g., director independence, compensation alignment) but cannot alone dictate policy. Because the stake is passive and below 10 %, poison-pill triggers or takeover-related defenses are not activated. Governance risk profile therefore remains stable.

SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

SCHEDULE 13G

UNDER THE SECURITIES EXCHANGE ACT OF 1934

Digital Asset Acquisition Corp.

(Name of Issuer)

Class A Common Stock

(Title of Class of Securities)

G2868C103

(CUSIP Number)

06/23/2025

(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. G2868C103

1

Names of Reporting Persons

Harraden Circle Investments, LLC

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 1,087,207.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,087,207.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,087,207.00

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)

6.30 %

12

Type of Reporting Person (See Instructions)

OO, HC, IA

SCHEDULE 13G

CUSIP No. G2868C103

1

Names of Reporting Persons

Harraden Circle Investors GP, LP

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 1,087,207.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,087,207.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,087,207.00

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)

6.30 %

12

Type of Reporting Person (See Instructions)

PN, HC

SCHEDULE 13G

CUSIP No. G2868C103

1

Names of Reporting Persons

Harraden Circle Investors GP, LLC

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 1,087,207.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,087,207.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,087,207.00

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)

6.30 %

12

Type of Reporting Person (See Instructions)

OO, HC

SCHEDULE 13G

CUSIP No. G2868C103

1

Names of Reporting Persons

Harraden Circle Investors, LP

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 503,806.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 503,806.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

503,806.00

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)

2.92 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G2868C103

1

Names of Reporting Persons

Harraden Circle Special Opportunities, LP

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 282,347.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 282,347.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

282,347.00

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)

1.64 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G2868C103

1

Names of Reporting Persons

Harraden Circle Strategic Investments, LP

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 186,196.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 186,196.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

186,196.00

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)

1.08 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G2868C103

1

Names of Reporting Persons

Harraden Circle Concentrated, LP

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 114,858.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 114,858.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

114,858.00

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)

0.67 %

12

Type of Reporting Person (See Instructions)

PN

SCHEDULE 13G

CUSIP No. G2868C103

1

Names of Reporting Persons

Frederick V. Fortmiller, Jr.

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 1,087,207.00
7	Sole Dispositive Power 0.00
8	Shared Dispositive Power 1,087,207.00

9

Aggregate Amount Beneficially Owned by Each Reporting Person

1,087,207.00

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)

6.30 %

12

Type of Reporting Person (See Instructions)

IN, HC

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, New Jersey 08542
Item 2.
(a)	Name of person filing: This Statement is filed on behalf of the following persons (collectively, the "Reporting Persons"): i) Harraden Circle Investments, LLC ("Harraden Adviser"); ii) Harraden Circle Investors GP, LP ("Harraden GP"); iii) Harraden Circle Investors GP, LLC ("Harraden LLC"); iv) Harraden Circle Investors, LP ("Harraden Fund"); v) Harraden Circle Special Opportunities, LP ("Harraden Special Op Fund"); vi) Harraden Circle Strategic Investments, LP ("Harraden Strategic Fund"); vii) Harraden Circle Concentrated, LP ("Harraden Concentrated Fund"); and viii) Frederick V. Fortmiller, Jr. ("Mr. Fortmiller") This Statement relates to Shares (as defined herein) directly beneficially owned by Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, and Harraden Concentrated Fund. Harraden GP is the general partner to Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, and Harraden Concentrated Fund, and Harraden LLC is the general partner of Harraden GP. Harraden Adviser serves as investment manager to Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, Harraden Concentrated Fund, and other high net worth individuals. Mr. Fortmiller is the managing member of each of Harraden LLC and Harraden Adviser. In such capacities, each of Harraden GP, Harraden LLC, Harraden Adviser and Mr. Fortmiller may be deemed to indirectly beneficially own the Shares reported herein directly beneficially owned by Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, and Harraden Concentrated Fund.
(b)	Address or principal business office or, if none, residence: 299 Park Avenue, 21st Floor, New York, NY 10171
(c)	Citizenship: Each of Harraden Fund, Harraden Special Op Fund, Harraden Strategic Fund, Harraden Concentrated Fund, and Harraden GP is a Delaware limited partnership. Each of Harraden LLC and Harraden Adviser is a Delaware limited liability company. Mr. Fortmiller is a citizen of the United States of America.
(d)	Title of class of securities: Class A Common Stock
(e)	CUSIP No.: G2868C103
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: 1,087,207
(b)	Percent of class: 6.30 %
(c)	Number of shares as to which the person has:
	(i) Sole power to vote or to direct the vote: 0
	(ii) Shared power to vote or to direct the vote: 1,087,207
	(iii) Sole power to dispose or to direct the disposition of: 0
	(iv) Shared power to dispose or to direct the disposition of: 1,087,207
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.
	If a parent holding company has filed this schedule, pursuant to Rule 13d-1(b)(ii)(G), so indicate under Item 3(g) and attach an exhibit stating the identity and the Item 3 classification of the relevant subsidiary. If a parent holding company has filed this schedule pursuant to Rule 13d-1(c) or Rule 13d-1(d), attach an exhibit stating the identification of the relevant subsidiary. See disclosure in Item 2 hereof.
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.

Harraden Circle Investments, LLC

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member
Date:	06/27/2025

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:	06/27/2025

Harraden Circle Investors GP, LLC

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr., managing member
Date:	06/27/2025

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:	06/27/2025

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:	06/27/2025

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:	06/27/2025

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:	06/27/2025

Frederick V. Fortmiller, Jr.

Signature:	/s/ Frederick V. Fortmiller, Jr.
Name/Title:	Frederick V. Fortmiller, Jr.
Date:	06/27/2025

FAQ

What percentage of Digital Asset Acquisition Corp. (DAAQU) does Harraden Circle now own?

The group controls 6.30 % of the Class A common shares.

How many DAAQU shares are reported in the Schedule 13G?

The filing covers 1,087,207 Class A shares.

Is Harraden Circle's stake considered passive or activist?

The Schedule 13G filing indicates a passive investment stance.

Which Harraden Circle fund holds the largest portion of the stake?

Harraden Circle Investors, LP holds 503,806 shares, representing 2.92 % of the class.

Who ultimately oversees the Harraden Circle entities?

Frederick V. Fortmiller, Jr. is the managing member of both the investment adviser and the general partner entities.

Does the filing grant sole voting power to any entity?

No. All voting and dispositive powers are shared; sole authority is 0 for each filer.