---
schema_version: "secwatch.filing_event.v1"
accession: "0001213900-26-003691"
form_type: "8-K"
ticker: "DAAQ"
cik: "0002052162"
company_name: "Digital Asset Acquisition Corp."
filed_at: "2026-01-13T23:59:59+00:00"
generated_at: "2026-05-16T10:44:03.986981+00:00"
event_type: "m_and_a"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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).

## SEC filing metadata
- accession: 0001213900-26-003691
- form_type: 8-K
- ticker: DAAQ
- cik: 0002052162
- company_name: Digital Asset Acquisition Corp.
- filed_at: 2026-01-13T23:59:59+00:00
- event_type: m_and_a
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 1.01, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/2052162/000121390026003691/0001213900-26-003691-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/2052162/000121390026003691/ea0272675-8k425_digital.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001213900-26-003691
- JSON: https://secwatch.observer/filing/0001213900-26-003691.json
- Plain text: https://secwatch.observer/filing/0001213900-26-003691.txt

## Key facts
- Material Agreements
  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
  source text: 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”).
  evidence_url: https://www.sec.gov/Archives/edgar/data/2052162/000121390026003691/0001213900-26-003691-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.