M&A
confidence high
sentiment negative
materiality 0.90
Digital Asset Acquisition Corp. terminates merger with Old Glory; meeting postponed
Digital Asset Acquisition Corp.
- Mutual termination of Business Combination Agreement dated Jan 13, 2026, effective Aug 13, 2026.
- Extraordinary general meeting scheduled for Aug 14, 2026 indefinitely postponed due to no business.
- No termination fee payable; each party bears its own expenses per Termination Agreement.
- Parties release all claims and covenant not to sue; Section 9.18 of BCA survives.
- DAAQ remains listed on Nasdaq (DAAQ, DAAQU, DAAQW) with no pending business combination.
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