Digital Asset Acquisition Corp. Set to Launch $150 Million IPO

Digital Asset Acquisition Corp., a new blank check company, has announced pricing plans for its initial public offering, valuing the offering at $150 million. The IPO involves 15 million units priced at $10 each and will be listed on Nasdaq under the ticker DAAQU. Each unit contains one Class A ordinary share and one-half of one redeemable warrant, exercisable at $11.50 per share. The IPO is set to conclude on April 30, 2025. The company’s intent is to engage in a business transaction in the digital asset and cryptocurrency sectors. Cohen & Company Capital Markets and Clear Street LLC are managing the offering. Additionally, the underwriters have a 45-day option to purchase up to an additional 2.25 million units. The SEC has approved the registration, and the full offering details are available in the prospectus from Cohen & Company Capital Markets. The company issued forward-looking statements about the offering’s completion and the allocation of proceeds, cautioning that conditions could impact the ultimate success of the initiative.