Digital Asset Acquisition Corp.’s (NASDAQ:DAAQU) Lock-Up Period Will End on October 27th

Digital Asset Acquisition’s (NASDAQ:DAAQU) lock-up period will end on Monday, October 27th. Digital Asset Acquisition had issued 15,000,000 shares in its public offering on April 29th. The total size of the offering was $150,000,000 based on an initial share price of $10.00. After the expiration of Digital Asset Acquisition’s lock-up period, major shareholders and company insiders will be able to sell their shares of the company.

Digital Asset Acquisition Price Performance

Shares of NASDAQ DAAQU opened at $10.66 on Monday. Digital Asset Acquisition has a 12-month low of $10.06 and a 12-month high of $11.70. The business’s 50 day simple moving average is $10.57.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Alberta Investment Management Corp bought a new stake in shares of Digital Asset Acquisition during the second quarter valued at about $5,990,000. Wealthspring Capital LLC bought a new stake in shares of Digital Asset Acquisition during the 2nd quarter worth about $2,231,000. Harraden Circle Investments LLC acquired a new stake in shares of Digital Asset Acquisition in the 2nd quarter worth approximately $540,000. DLD Asset Management LP bought a new position in shares of Digital Asset Acquisition in the second quarter valued at approximately $507,000. Finally, Clear Street LLC acquired a new position in shares of Digital Asset Acquisition during the second quarter valued at approximately $124,000.

About Digital Asset Acquisition

We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination.