Digital Asset Acquisition (NASDAQ:DAAQ) Issues Quarterly Earnings Results

Digital Asset Acquisition (NASDAQ:DAAQ) released its quarterly earnings results on Friday. The company reported $0.05 earnings per share (EPS) for the quarter, FiscalAI reports.

Digital Asset Acquisition Price Performance

Shares of NASDAQ:DAAQ opened at $10.31 on Friday. Digital Asset Acquisition has a 12-month low of $10.05 and a 12-month high of $11.24. The stock’s fifty day moving average is $10.26.

Hedge Funds Weigh In On Digital Asset Acquisition

A number of hedge funds have recently made changes to their positions in DAAQ. Cannon Global Investment Management LLC acquired a new position in shares of Digital Asset Acquisition in the fourth quarter worth approximately $168,000. Wolverine Asset Management LLC boosted its stake in shares of Digital Asset Acquisition by 36.0% in the 4th quarter. Wolverine Asset Management LLC now owns 162,613 shares of the company’s stock valued at $1,652,000 after purchasing an additional 43,012 shares during the last quarter. ABC Arbitrage SA acquired a new stake in shares of Digital Asset Acquisition during the fourth quarter worth $254,000. Periscope Capital Inc. raised its stake in Digital Asset Acquisition by 317.4% during the fourth quarter. Periscope Capital Inc. now owns 150,000 shares of the company’s stock worth $1,524,000 after buying an additional 114,062 shares during the last quarter. Finally, DLD Asset Management LP boosted its position in Digital Asset Acquisition by 79.7% during the fourth quarter. DLD Asset Management LP now owns 126,399 shares of the company’s stock valued at $1,284,000 after acquiring an additional 56,046 shares during the last 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.