Digital Asset Acquisition announces SPAC merger with Old Glory Bank

Digital Asset Acquisition Corp. Class A ( (DAAQ) ) has issued an update.

On January 13, 2026, DAAQ and Old Glory Bank announced that they had entered into a definitive agreement for a proposed business combination that would take Old Glory Bank public through DAAQ’s SPAC structure. The parties plan to file a Form S-4 registration statement with the U.S. Securities and Exchange Commission, which will include a proxy statement/prospectus for DAAQ shareholders to vote on the deal and outline the securities to be issued to DAAQ securityholders and Old Glory Bank equityholders. The transaction, which remains subject to shareholder approvals, regulatory filings, and other customary closing conditions, is a significant step in aligning a regulated U.S. bank holding company with a SPAC focused on digital assets, potentially reshaping Old Glory Bank’s capital access and market profile while exposing investors to a set of material regulatory, market, and execution risks detailed in DAAQ’s SEC disclosures.

More about Digital Asset Acquisition Corp. Class A

Digital Asset Acquisition Corp. Class A (DAAQ) is a Cayman Islands-exempted special purpose acquisition company focused on combining with businesses in the digital asset and broader financial services ecosystem. Its prospective merger partner, Old Glory Holding Company (Old Glory Bank), is a Delaware-registered bank holding company operating under the Bank Holding Company Act of 1956, positioning it within the regulated U.S. banking sector with an apparent focus on serving customers linked to the “freedom” and crypto economy themes highlighted in its investor materials.

Average Trading Volume: 55,010

Technical Sentiment Signal: Strong Sell

Current Market Cap: $235.8M

For detailed information about DAAQ stock, go to TipRanks’ Stock Analysis page.