Periscope Capital Inc. Boosts Stock Position in Digital Asset Acquisition Corp. $DAAQ

Periscope Capital Inc. boosted its stake in shares of Digital Asset Acquisition Corp. (NASDAQ:DAAQ) by 317.4% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 150,000 shares of the company’s stock after purchasing an additional 114,062 shares during the quarter. Periscope Capital Inc.’s holdings in Digital Asset Acquisition were worth $1,524,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Wolverine Asset Management LLC increased its holdings in Digital Asset Acquisition by 36.0% during the 4th quarter. Wolverine Asset Management LLC now owns 162,613 shares of the company’s stock worth $1,652,000 after purchasing an additional 43,012 shares during the period. ABC Arbitrage SA purchased a new stake in Digital Asset Acquisition during the 4th quarter worth about $254,000. Finally, Cannon Global Investment Management LLC purchased a new stake in Digital Asset Acquisition during the 4th quarter worth about $168,000.

Digital Asset Acquisition Trading Down 0.1%

Shares of NASDAQ DAAQ opened at $10.31 on Friday. The business’s 50-day moving average is $10.28. Digital Asset Acquisition Corp. has a 1-year low of $10.05 and a 1-year high of $11.24.

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

Digital Asset Acquisition Company Profile

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.