SCHEDULE 13G/A: Sculptor Capital Discloses 1.74% Stake in Digital Asset

Sculptor Capital LP and its affiliates have reported a 1.74% beneficial ownership stake in Digital Asset Acquisition Corp.'s Class A ordinary shares as of June 30, 2025.

Summary

• Sculptor Capital LP, along with its affiliates Sculptor Capital II LP, Sculptor Capital Holding Corp, Sculptor Capital Holding II LLC, Sculptor Capital Management, Inc., Sculptor Master Fund, Ltd., and Sculptor Special Funding, LP, collectively reported beneficial ownership.
• The reporting group beneficially owns 300,000 Class A ordinary shares of Digital Asset Acquisition Corp.
• This ownership represents 1.74% of the Class A ordinary shares outstanding.
• The percentage is calculated based on 17,250,000 Class A ordinary shares, as reported in the Issuer's 10-Q filed on June 12, 2025.
• The shares are held in accounts managed by Sculptor and Sculptor-II, with various Sculptor entities serving as investment managers, general partners, or parent companies.
• The filing certifies that the securities were not acquired or held for the purpose of changing or influencing the control of the issuer.

Sentiment

Score: 6

Explanation: The sentiment is slightly positive due to the presence of an institutional investor like Sculptor Capital, indicating some level of confidence in the issuer. However, the small, non-controlling stake limits the overall positive impact.

Positives

• The disclosure indicates continued institutional interest in Digital Asset Acquisition Corp. from a prominent investment manager, Sculptor Capital.

Negatives

• The reported stake of 1.74% is a minority, non-controlling interest, which limits direct influence over the issuer's operations or strategic direction.
• The filing explicitly states the shares are not held for the purpose of changing or influencing control, indicating a passive investment approach.

Management Comments

• Wayne Cohen, President and Chief Operating Officer, signed the filing on behalf of Sculptor Capital LP and its affiliated entities, certifying the accuracy of the information.

Industry Context

This filing reflects a routine disclosure of a passive investment stake by an institutional asset manager in a publicly traded company. Such disclosures are common and provide transparency into significant ownership positions within the market.

Comparison to Industry Standards

• A 1.74% stake is considered a minority, passive investment, which is standard for institutional investors filing a Schedule 13G, particularly when they disclaim intent to influence control.
• The structure of beneficial ownership across multiple affiliated entities (investment manager, general partner, holding company) is typical for large asset management firms like Sculptor Capital, ensuring compliance with regulatory reporting requirements while managing various funds and accounts.

Stakeholder Impact

• Shareholders: The disclosure provides transparency regarding a significant institutional holder, which can be viewed positively as it indicates institutional interest, though the stake is non-controlling.
• Management: No direct impact on management or operations is implied, as the investment is passive.

Key Dates

Keywords

Digital Asset Acquisition Corp, Sculptor Capital, Schedule 13G, Beneficial Ownership, Class A Ordinary Shares, Institutional Investment, SEC Filing, Investment Adviser