Digital Asset Acquisition Corp. (DAAQ)

Digital Asset Acquisition Corp. is a special purpose acquisition company, also known as a blank-check company. It has no operating business of its own and was formed to merge with, acquire, or otherwise combine with one or more private operating businesses, giving the target a route to becoming publicly traded.

The company was incorporated in 2024 and completed its initial public offering on Nasdaq in April 2025, selling units at ten dollars each; its Class A ordinary shares trade under the ticker DAAQ. It lists its offices in Princeton, New Jersey. As its name indicates, the sponsor is oriented toward the digital asset and blockchain space.

Proceeds from the offering are held in a trust account until the company completes a business combination, which must be approved under the terms set out in its governing documents, or until the funds are returned to shareholders.