Digital Asset Acquisition reported a net income of $4.24 million and earnings per Class A ordinary share of $0.25 for the year ended December 31, 2025, despite recording a negative operating income of $(379,159) largely driven by general and administrative costs tied to IPO preparation. The company recorded no operating revenues for the period and generated its reported net income primarily from net earnings on marketable securities held in its Trust Account. Management continues to pursue a business combination before the mandatory liquidation date to avoid winding up the company.
Financial Highlights
- Operating Income: $(379,159), negative operating income driven by G&A expenses for IPO preparation.
- Net Income: $4.24 million, primarily…