- Digital Asset Acquisition Corp. launches a $150 million IPO at $10 per unit.
- Units to trade on Nasdaq under "DAAQU" from April 29, 2025.
- Company targets digital asset and cryptocurrency sector acquisitions.
Digital Asset Acquisition Corp. has announced the successful pricing of its $150 million initial public offering (IPO). The offering consists of 15,000,000 units priced at $10.00 per unit. Each unit includes one Class A ordinary share and half of one redeemable warrant. Whole warrants can be exercised to purchase one Class A share at a price of $11.50. The units are set to begin trading on Nasdaq under the ticker symbol "DAAQU" starting April 29, 2025.
Once the units are separated, the Class A shares and warrants will be traded under the symbols "DAAQ" and "DAAQW," respectively. The IPO is expected to close on April 30, 2025. Cohen & Company Capital Markets leads the offering, with Clear Street LLC serving as the joint book-runner. The underwriters hold a 45-day option to acquire up to 2,250,000 additional units to cover over-allotments, potentially increasing the total offering to $172.5 million.
Digital Asset Acquisition Corp. is a blank check company focusing on mergers or acquisitions in the digital asset and cryptocurrency sectors. This represents a continuous institutional interest in integrating private digital asset companies into the public market sphere. The IPO is conducted solely through a prospectus available from Cohen & Company Capital Markets.
