Mergers & Acquisitions ·
Digital Asset Acquisition Corp. entered into non-redemption agreements with third-party holders of Class A Ordinary…
DAAQDigital Asset Acquisition Corp.
Digital Asset Acquisition Corp. entered into non-redemption agreements with third-party holders of Class A Ordinary Shares to prevent share redemptions in connection with its business combination with Old Glory Holding Company. In exchange for these commitments, the company will issue 3.25 Non-Redemption Warrants for each Class A Ordinary Share not redeemed, which are initially exercisable at $12.00 per share. Digital Asset Acquisition Corp. is a special purpose acquisition company focused on on the digital asset industry.