Two SPACs – Digital Asset Acquisition (DAAQU) and Real Asset Acquisition (RAAQU) – each priced a $150 million SPAC IPO – to raise a total of $300 million on Monday night, April 28, 2025. Both SPACs – Digital Asset Acquisition and Real Asset Acquisition – are expected to start trading today – Tuesday, April 29, 2025 – on the NASDAQ. The unit structureis identical for Digital Asset Acquisition and Real Asset Acquisition: Each unit consists of one share of stock and one-half of one redeemable warrant, according to each prospectus. Both SPACs are based in Princeton, N.J., and incorporated in the Cayman Islands.
Cohen & Company Capital Markets acted as the lead joint book-runner while Clear Street served as a joint book-runner for both the Digital Asset Acquisition and the Real Asset Acquisition IPOs.
Digital Asset Acquisition intends to target companies involved in cryptocurrency and digital assets such as NFTs (non-fungible tokens).
Real Asset Acquisitionexpects to target opportunities and companies in sectors underpinned by real assets, including metals and mining, real estate, infrastructure and adjacent sectors.
These SPACs share a management team:
*Peter Ort, co-chairman and principal executive, is a general partner at Cambium Capital Management LP, a venture capital firm focused on early-stage investments in the advanced computing sector.
*Jeff Tuder, co-chairman and CFO, is the founder of Tremson Capital Management, LLC, which invests in undervalued public equities. Tremson Capital also makes private equity and credit investments in partnership with a number of family offices.
(For more information about these companies, please check the IPO Calendar and the individual IPO Profiles found on the IPOScoop.com website.)
Note: Never trade on proposed symbols. They have been known to change and you might buy something on the OTC Bulletin Board.
To see what time the NASDAQ IPOs are expected to trade, please log in to: NASDAQTrader.com then scroll down to IPO Message.
Disclosure: Nobody on the IPOScoop.com staff has a position in any stocks mentioned above, nor do they trade or invest in IPOs. The IPOScoop.com staff does not issue advice, recommendations or opinions.
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