Digital Asset Acquisition (DAAQU, DAAQ) said Wednesday it completed its initial public offering of 17.25 million units, including the full exercise of an overallotment option, at $10 per unit, resulting in proceeds of $172.5 million.

Each unit consists of one class A share and one-half of one redeemable warrant, with each whole warrant exercisable to buy one class A share at $11.50 each, the blank check company said.

The units began trading on Nasdaq under the ticker symbol DAAQU on Tuesday. Once the securities comprising the units begin separate trading, the class A shares and warrants will trade under the symbols DAAQ and DAAQW, respectively.