Digital Asset Acquisition Corp. (DAAQU) Prices $150M IPO

Digital Asset Acquisition Corp. (NASDAQ:DAAQU) announced the pricing of its $150 million IPO and its units are expected to begin trading on the Nasdaq under the symbol “DAAQU”, Tuesday, April 29, 2025.

The new SPAC aims to combine with a target company in the digital asset and cryptocurrency sectors.

Digital Asset Acquisition Corp.’s management team is led by Principal Executive Officer and Co-Chairman Peter Ort and Chief Financial Officer and Co-Chairman Jeff Tuder. The Board also includes Kristin Smith, Rebecca Rettig and Thomas Trowbridge.

Total SPAC deal count for 2025 year-to-date is now 29. This offering is expected to close on Wednesday, April 30, 2025.

Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, is acting as the lead book-running manager for the offering and Clear Street LLC is acting as joint book-runner for the offering.  Perkins Coie LLP is serving as Issuer’s Counsel with Ropes & Gray LLP serving as Underwriter’s Counsel. WithumSmith+Brown, PC serves as auditor. Lucky Lucko, Inc. d/b/a Efficiency is acting as trustee.