Financial Performance - For the year ended December 31, 2025, the company reported a net income of $4,244,525, driven by earnings and realized gains on marketable securities of $4,606,744[322]. - The company incurred net cash used in operating activities of $2,183 for the year ended December 31, 2025, with total operating expenses of $379,159[324]. Initial Public Offering - The company generated gross proceeds of $172,500,000 from its Initial Public Offering, which included the sale of 17,250,000 units[328]. - The company placed $172,500,000 from the Initial Public Offering proceeds into a trust account for future business combinations[331]. - The company has a promissory note agreement with the Sponsor for up to $300,000 to cover Initial Public Offering expenses, which was fully paid by December 31, 2025[337]. Cash Flow and Financing - As of December 31, 2025, the company had net cash provided by financing activities amounting to $173,563,104[326]. - The company anticipates that it may need additional financing to complete its initial business combination or to cover redemptions of public shares[333]. - The company has no off-balance sheet arrangements as of December 31, 2025[335]. Business Operations - The company has not engaged in any operations or generated revenues to date, focusing solely on organizational activities and identifying a target company for a business combination[321]. - The company expects to use funds in the trust account primarily for completing its initial business combination and financing operations of the target business[332].
Digital Asset Acquisition Corp-A(DAAQ) - 2025 Q4 - Annual Report