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

Digital Asset Acquisition’s (NASDAQ:DAAQU) lock-up period is set to 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 end of Digital Asset Acquisition’s lock-up period, restrictions preventing company insiders and major shareholders from selling shares in the company will be lifted.

Digital Asset Acquisition Trading Down 0.2%

DAAQU opened at $10.61 on Wednesday. Digital Asset Acquisition has a twelve month low of $10.06 and a twelve month high of $11.70. The stock’s 50-day simple moving average is $10.56.

Hedge Funds Weigh In On Digital Asset Acquisition

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

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.