Radcliffe Capital Management L.P. Buys 345,411 Shares of Digital Asset Acquisition Corp. $DAAQ

Radcliffe Capital Management L.P. raised its stake in Digital Asset Acquisition Corp. (NASDAQ:DAAQ) by 267.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 474,579 shares of the company’s stock after purchasing an additional 345,411 shares during the period. Radcliffe Capital Management L.P. owned 2.75% of Digital Asset Acquisition worth $4,822,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Alberta Investment Management Corp bought a new stake in shares of Digital Asset Acquisition in the 4th quarter valued at about $5,610,000. Verition Fund Management LLC raised its stake in shares of Digital Asset Acquisition by 73.7% during the 4th quarter. Verition Fund Management LLC now owns 338,914 shares of the company’s stock worth $3,457,000 after acquiring an additional 143,758 shares in the last quarter. DLD Asset Management LP raised its stake in shares of Digital Asset Acquisition by 79.7% during the 4th quarter. DLD Asset Management LP now owns 126,399 shares of the company’s stock worth $1,284,000 after acquiring an additional 56,046 shares in the last quarter. Periscope Capital Inc. lifted its position in Digital Asset Acquisition by 317.4% during the fourth quarter. Periscope Capital Inc. now owns 150,000 shares of the company’s stock valued at $1,524,000 after acquiring an additional 114,062 shares during the last quarter. Finally, ABC Arbitrage SA purchased a new stake in Digital Asset Acquisition during the fourth quarter valued at approximately $254,000.

Digital Asset Acquisition Price Performance

Shares of NASDAQ DAAQ opened at $10.34 on Wednesday. The business has a 50-day simple moving average of $10.30. Digital Asset Acquisition Corp. has a fifty-two week low of $10.10 and a fifty-two week high of $11.24.

Digital Asset Acquisition (NASDAQ:DAAQ) last posted its quarterly earnings data on Friday, May 15th. The company reported $0.05 earnings per share (EPS) for the quarter.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Digital Asset Acquisition in a report on Thursday, June 4th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, Digital Asset Acquisition presently has a consensus rating of “Sell”.

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. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target.