Mergers & Acquisitions ·
Digital Asset Acquisition agrees to acquire Titan for $250M; combined company to be Renaissance Nuclear
DAAQDigital Asset Acquisition Corp.
Digital Asset Acquisition Corp. entered into a merger agreement with Titan Strategics Holdings Ltd to combine in a transaction valued at $250 million, comprising 25,000,000 shares of parent common stock priced at $10.00 per share. The deal includes a $15 million PIPE financing and involves DAAQ domesticating as a Delaware corporation and changing its name to Renaissance Nuclear, Inc. Titan holds exploration permits for the Billingen uranium project in Sweden, covering approximately 207 km² around the former Ranstad mine. The transaction is subject to shareholder approval and customary closing conditions, with completion expected in early 2027. Digital Asset Acquisition Corp. operates as a special purpose acquisition company (SPAC) formed to effect a business combination.