DAAQ SPAC to merge with Old Glory Bank, creating OGB Financial Company

Digital Asset Acquisition Corp.

DAAQ will domesticate to Texas and rename to OGB Financial Co.; Old Glory Bank will merge into Pubco.
Old Glory Bank shareholders receive Pubco stock: Class A shares based on liquidation value and Participating Equity Value; Class B shares based on $250M adjusted for debt/cash.
Minimum cash condition of $50M from trust or PIPE; closing expected first half 2026; termination date May 31, 2026.
Sponsor and certain shareholders subject to 1-year lock-up (or earlier if Pubco stock ≥$12 for 20/30 days after 150 days).

Key facts

Extracted from this filing and checked against the source text.

Material Agreements SEC 8-K Item 1.01/1.02 confidence 0.9

Digital Asset Acquisition Corp. entered into Business Combination Agreement with Old Glory Holding Company (effective 2026-01-13).

Action: entry
Agreement: merger
Counterparty: Old Glory Holding Company
Effective: 2026-01-13

Exact text from the filing

On January 13, 2026, Digital Asset Acquisition Corp., a Cayman Islands exempted company (“DAAQ”), entered into a Business Combination Agreement (as it may be amended, supplemented or otherwise modified from time to time, the “Business Combination Agreement”), with Old Glory Holding Company, a Delaware corporation, registered as a Bank Holding Company under the Bank Holding Company Act of 1956 (“Old Glory Bank”).

View on SEC.gov

294 material agreements filed in the last 30 days. Browse all material agreements →

Digital Asset Acquisition Corp. filing history →

Source: SEC EDGAR

accession 0001213900-26-003691

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.