Ropes & Gray Advised Cohen & Company Capital Markets On Two $172.5 Million SPAC IPOs

Ropes & Gray advised Cohen & Company Capital Markets on two $172.5 million SPAC IPOs

Ropes & Gray advised Cohen & Company Capital Markets as the lead book-running manager in the initial public offerings of two special purpose acquisition companies (SPACs) – Digital Asset Acquisition Corp. and Real Asset Acquisition Corp. – each raising $172.5 million in offerings that closed on April 30, 2025. The units will trade on Nasdaq under the ticker symbols “DAAQU” and “RAAQU” respectively.

DAAQ plans to target opportunities in the digital asset and cryptocurrency-adjacent sectors, leveraging its team’s sector-specific expertise. RAAQ aims to identify targets underpinned by real assets, including quantum computing, metals/mining, rare earth, and infrastructure sectors.

Cohen & Company Capital Markets is a full-service boutique investment bank offering strategic and financial advisory services in M&A, capital markets, and SPAC transactions.

The Ropes & Gray team was led by Christopher Capuzzi (Partner, Capital Markets) and Dan Zuckerman (Partner, Tax).

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