# Digital Asset Acquisition Corp. (DAAQW) — merger/spac_merger [pending]
Source: SEC API (secapi.ai) · situation sit_2c01ec93c510dc5e2f90 · retrieved 2026-08-12T21:22:11.812Z

## Overview
Digital Asset Acquisition Corp. is a blank-check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, with a focus on digital asset and cryptocurrency sectors.

Digital Asset Acquisition Corp. (DAAQ), a Cayman Islands blank-check company, announced on July 30, 2026 that it is postponing its extraordinary general meeting of shareholders, originally scheduled for July 31, 2026, to August 14, 2026 at 10:00 a.m. Eastern Time. At the rescheduled meeting, shareholders will vote on DAAQ's proposed initial business combination with Old Glory Holding Company (Old Glory Bank), a Delaware corporation. The redemption deadline for DAAQ's Class A ordinary shares was July 29, 2026, and the record date for voting is July 7, 2026.

## Terms
- Counterparty: Old Glory Holding Company · Deal value: $441.8M · Consideration: mixed · Stake: 47% · Price/share: $10

## Key dates
- Announced 2026-01-13 · Record 2026-07-07 · Vote 2026-08-14 · Expiry 2026-07-29 · Expected close 2026-06-30

## Timeline
- 2026-01-13 · 425 (0001213900-26-003695): 425 - Digital Asset Acquisition Corp. — *Old Glory Holding Company is a Delaware-incorporated bank holding company registered under the Bank Holding Company Act of 1956, with a wholly-owned Oklahoma state-chartered bank subsidiary.* On January 13, 2026, Digital Asset Acquisition Corp. (DAAQ), a Cayman Islands blank-check company, entered into a Business Combination Agreement with Old Glory Holding Company, a Delaware bank holding company. DAAQ will domesticate as a Texas corporation and rename itself OGB Financial Company (PubCo), then merge with Old Glory Bank, with PubCo as the surviving entity. The transaction values Old Glory Bank's equity at $250 million (adjusted for indebtedness and unrestricted cash), with Old Glory Bank shareholders receiving PubCo common stock based on a per-share value of $10.00. The business combination is expected to close in the first half of 2026, subject to shareholder approvals, bank regulatory approvals, HSR clearance, and other customary closing conditions, including a minimum cash condition of $50 million.
  https://www.sec.gov/Archives/edgar/data/2052162/0001213900-26-003695.txt
- 2026-01-16 · 425 (0001213900-26-004908): 425 - Digital Asset Acquisition Corp. — *Old Glory Bank is a Delaware-incorporated bank holding company offering financial products and services with a stated mission of privacy, security, and liberty for America; it previously conducted a Regulation A offering ("mini-IPO") to raise capital from retail investors.* Digital Asset Acquisition Corp. (DAAQ), a Cayman Islands exempted company, and Old Glory Holding Company (Old Glory Bank), a Delaware bank holding company, entered into a business combination agreement on January 13, 2026. Under the transaction, DAAQ will domesticate as a Texas corporation and rename itself OGB Financial Company (Pubco), while Old Glory Bank will merge into Pubco with Pubco as the surviving entity. The transaction is expected to result in a publicly listed company on Nasdaq, with the combined entity retaining Old Glory Bank's board, management, and mission while gaining access to capital for growth and product launches.
  https://www.sec.gov/Archives/edgar/data/2052162/0001213900-26-004908.txt
- 2026-01-16 · 425 (0001213900-26-005132): 425 - Digital Asset Acquisition Corp. — *Old Glory Bank is a digital-first financial institution focused on personal and small-business banking services, offering online retail and business deposit accounts, debit card services, specialty products including stablecoin payments and crypto-backed credit, and serving underserved markets including crypto companies, oil and gas, firearms, and conservative-leaning customers.* Old Glory Bank, a digital-first financial institution focused on personal and small-business banking services, agreed to merge with Digital Asset Acquisition Corp. (DAAQ), a Nasdaq-listed SPAC. The transaction is targeted to close in Q2 2026, subject to customary closing conditions. The Business Combination is expected to be funded by approximately $176 million in DAAQ trust proceeds, a $50 million PIPE raise, and existing Old Glory shareholders rolling over 100% of their equity. The pro forma enterprise value is approximately $441.8 million, with pro forma net cash of approximately $207 million on the combined company's balance sheet at closing. Existing Old Glory shareholders will retain approximately 47% ownership in the combined company post-transaction.
  https://www.sec.gov/Archives/edgar/data/2052162/0001213900-26-005132.txt
- 2026-01-20 · 425 (0001213900-26-005301): 425 - Digital Asset Acquisition Corp. — *Digital Asset Acquisition Corp. is a blank-check company incorporated in the Cayman Islands that is pursuing a business combination with Old Glory Bank, a Delaware-incorporated Bank Holding Company.* On January 13, 2026, Digital Asset Acquisition Corp. (DAAQ), a Cayman Islands exempted company, and Old Glory Holding Company (Old Glory Bank), a Delaware corporation registered as a Bank Holding Company, entered into a business combination agreement. Under the transaction, DAAQ will deregister as a Cayman Islands exempted company and domesticate as a corporation incorporated under Texas law, changing its name to "OGB Financial Company" (Pubco). Old Glory Bank will merge with and into Pubco, with Pubco continuing as the surviving company. The business combination will be submitted to DAAQ shareholders for approval, with a registration statement on Form S-4 to be filed with the SEC.
  https://www.sec.gov/Archives/edgar/data/2052162/0001213900-26-005301.txt
- 2026-01-21 · 425 (0001213900-26-006096): 425 - Digital Asset Acquisition Corp. — *Digital Asset Acquisition Corp. is a blank-check company incorporated in the Cayman Islands seeking to effect a business combination.* On January 13, 2026, Digital Asset Acquisition Corp. (DAAQ), a Cayman Islands exempted company, and Old Glory Holding Company (Old Glory Bank), a Delaware corporation and Bank Holding Company, entered into a business combination agreement. Under the transaction, DAAQ will deregister as a Cayman Islands exempted company and domesticate as a corporation incorporated under Texas law, changing its name to "OGB Financial Company" (Pubco). Old Glory Bank will merge with and into Pubco, with Pubco continuing as the surviving company. The combined company is expected to list on Nasdaq in 2026.
  https://www.sec.gov/Archives/edgar/data/2052162/0001213900-26-006096.txt
- 2026-01-27 · 425 (0001213900-26-007841): 425 - Digital Asset Acquisition Corp. — *Digital Asset Acquisition Corp. is a blank-check company formed to effect a business combination with Old Glory Bank, which operates as a bank holding company bridging traditional finance and cryptocurrency services.* On January 13, 2026, Digital Asset Acquisition Corp. (DAAQ), a Cayman Islands exempted company, and Old Glory Holding Company (Old Glory Bank), a Delaware corporation registered as a Bank Holding Company, entered into a business combination agreement. The transaction will result in DAAQ deregistering as a Cayman Islands exempted company and domesticating as a corporation incorporated under Texas law, changing its name to "OGB Financial Company" (Pubco). Old Glory Bank will merge with and into Pubco, with Pubco continuing as the surviving company. The combined entity is expected to list on Nasdaq.
  https://www.sec.gov/Archives/edgar/data/2052162/0001213900-26-007841.txt
- 2026-02-23 · 425 (0001213900-26-019341): 425 - Digital Asset Acquisition Corp. — *Digital Asset Acquisition Corp. is a Nasdaq-listed special purpose acquisition company formed to effect a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses.* Digital Asset Acquisition Corp. (DAAQ), a Nasdaq-listed special purpose acquisition company, and Old Glory Holding Company (Old Glory Bank) entered into a business combination agreement on January 13, 2026. Upon consummation, DAAQ will domesticate from a Cayman Islands exempted company to a Texas corporation, change its name to OGB Financial Company (Pubco), and Old Glory Bank will merge with and into Pubco, with Pubco as the surviving company. The transaction will be submitted to DAAQ shareholders for approval via proxy statement/prospectus in a Form S-4 registration statement.
  https://www.sec.gov/Archives/edgar/data/2052162/0001213900-26-019341.txt
- 2026-07-31 · 425 (0001213900-26-083581): 425 - Digital Asset Acquisition Corp. — *Digital Asset Acquisition Corp. is a blank-check company formed to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, with a focus on digital asset and cryptocurrency sectors.* Digital Asset Acquisition Corp. (DAAQ), a Cayman Islands blank-check company, announced on July 30, 2026 that it is postponing its extraordinary general meeting of shareholders, originally scheduled for July 31, 2026, to August 14, 2026 at 10:00 a.m. Eastern Time. At the rescheduled meeting, shareholders will vote on DAAQ's proposed initial business combination with Old Glory Holding Company (Old Glory Bank), a Delaware corporation. The redemption deadline for DAAQ's Class A ordinary shares was July 29, 2026, and the record date for voting is July 7, 2026.
  https://www.sec.gov/Archives/edgar/data/2052162/0001213900-26-083581.txt

## Citations
- 0001213900-26-003695 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026003695
- 0001213900-26-004908 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026004908
- 0001213900-26-005132 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026005132
- 0001213900-26-005301 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026005301
- 0001213900-26-006096 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026006096
- 0001213900-26-007841 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026007841
- 0001213900-26-019341 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026019341
- 0001213900-26-083581 — https://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&type=&dateb=&owner=include&count=40&search_text=000121390026083581