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Kalkine IPO Report

Should You Subscribe to the IPO of Digital Asset Acquisition Corporation?

Apr 28, 2025

The Offer

Company Overview

Digital Asset Acquisition Corporation (DAAQU), a special purpose acquisition company (SPAC) incorporated on December 9, 2024, as a Cayman Islands exempted company, was established to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization, or similar business combination, primarily targeting opportunities in the digital asset and cryptocurrency sectors, though it may pursue combinations in any industry or region. The Company, which has not yet selected a target or initiated substantive discussions, leverages the expertise of its management team, led by Co-Chairmen Peter Ort and Jeff Tuder, who bring significant SPAC experience from their involvement with Concord Acquisition Corps I, II, and III, to identify and evaluate potential targets, focusing on innovation-driven platforms in digital assets, real estate, and related technology infrastructure, while acknowledging the inherent uncertainties and potential conflicts of interest due to the team’s concurrent engagements.

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