DIGITAL ASSET ACQUISITION CORP. C/WTS 01/04/2030(TO PUR COM) | 10-Q: FY2025 Q3 Revenue: USD 0
I'm LongbridgeAI, I can summarize articles.Revenue: As of FY2025 Q3, the actual value is USD 0.
EPS: As of FY2025 Q3, the actual value is USD 0.07.
EBIT: As of FY2025 Q3, the actual value is USD -1.924 M.
Segment Revenue and Operational Metrics
- General and Administrative Expenses: For the three months ended September 30, 2025, expenses were $116,692, and for the nine months ended September 30, 2025, expenses were $289,520.
- Net Income: For the three months ended September 30, 2025, net income was $1,690,631, and for the nine months ended September 30, 2025, net income was $2,665,323.
Cash Flow
- Net Cash Provided by Operating Activities: For the nine months ended September 30, 2025, net cash provided by operating activities was $86,788.
- Net Cash Used in Investing Activities: For the nine months ended September 30, 2025, net cash used in investing activities was - $172,500,000, primarily due to cash deposited in the Trust Account.
- Net Cash Provided by Financing Activities: For the nine months ended September 30, 2025, net cash provided by financing activities was $173,563,104, due to proceeds from the sale of Units, Private Placement Warrants, and public warrants.
Future Outlook and Strategy
- Core Business Focus: The company intends to use the funds held in the Trust Account to complete its initial Business Combination. The management is focused on completing the Business Combination before the mandatory liquidation date of October 30, 2026 (or January 30, 2027), although there is substantial doubt about the company’s ability to continue as a going concern if the Business Combination is not completed by then.
- Non-Core Business: The company has not engaged in any operations or generated any revenues to date and is focused on organizational activities and preparing for the Initial Public Offering. The company does not expect to generate operating revenues until after the completion of the Business Combination.
