secwatch.observer — SEC 8-K summary
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Issuer:     Digital Asset Acquisition Corp. (DAAQ)
CIK:        0002052162
Form:       8-K
Filed at:   2026-06-18T21:25:29+00:00
Accession:  0001493152-26-029392
Event type: other_material
Sentiment:  neutral
Materiality: 0.60
Item codes: 1.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

DAAQ to issue 3.25 warrants per non-redeemed share under Non-Redemption Agreements for Old Glory Bank deal
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- DAAQ will enter Non-Redemption Agreements with holders of Class A ordinary shares to not redeem shares at the business combination vote.
- In exchange, each non-redeemed share receives 3.25 Non-Redemption Warrants to purchase Pubco common stock at $12.00 per share.
- Warrants expire 5 years from closing, cash exercise only, with price adjustments for certain events including change of control.
- Agreements terminate if business combination not completed within 90 days, unless extended by mutual consent.
- Business combination with Old Glory Bank was announced January 13, 2026; closing subject to shareholder approval and other conditions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/2052162/000149315226029392/0001493152-26-029392-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/2052162/000149315226029392/form8-k.htm
  HTML page:      https://secwatch.observer/filing/0001493152-26-029392

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