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Digital Asset Acquisition Closes Initial Public Offering
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Digital Asset Acquisition Closes Initial Public Offering
May 25, 2025 10:58 PM

02:28 PM EDT, 04/30/2025 (MT Newswires) -- Digital Asset Acquisition ( DAAQU ) said Wednesday it completed its initial public offering of 17.25 million units, including the full exercise of an overallotment option, at $10 per unit, resulting in proceeds of $172.5 million.

Each unit consists of one class A share and one-half of one redeemable warrant, with each whole warrant exercisable to buy one class A share at $11.50 each, the blank check company said.

The units began trading on Nasdaq under the ticker symbol DAAQU on Tuesday. Once the securities comprising the units begin separate trading, the class A shares and warrants will trade under the symbols DAAQ and DAAQW, respectively.

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