Digital Asset Acquisition Corp.’s Quiet Period Set To Expire on June 9th (NASDAQ:DAAQU)

Digital Asset Acquisition’s (NASDAQ:DAAQU) quiet period will expire on Monday, June 9th. 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. During Digital Asset Acquisition’s quiet period, insiders and underwriters involved in the IPO are prevented from issuing any research reports for the company because of regulations issued by the Securities and Exchange Commission. Following the expiration of the company’s quiet period, the brokerages that served as underwriters will likely initiate research coverage on the company.

Digital Asset Acquisition Price Performance

Shares of DAAQU opened at $10.92 on Friday. Digital Asset Acquisition has a 1-year low of $10.06 and a 1-year high of $11.00.

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.