secwatch.observer — SEC 8-K summary
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Issuer:     Digital Asset Acquisition Corp. (DAAQ)
CIK:        0002052162
Form:       8-K
Filed at:   2026-01-13T23:59:59+00:00
Accession:  0001213900-26-003691
Event type: m_and_a
Sentiment:  neutral
Materiality: 0.75
Item codes: 1.01, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2052162/000121390026003691/0001213900-26-003691-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2052162/000121390026003691/ea0272675-8k425_digital.htm
  HTML page:      https://secwatch.observer/filing/0001213900-26-003691

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer