Mergers & Acquisitions ·
Digital Asset Acquisition Corp. mutually terminated its Business Combination Agreement with Old Glory Holding Company…
DAAQDigital Asset Acquisition Corp.
Digital Asset Acquisition Corp. mutually terminated its Business Combination Agreement with Old Glory Holding Company on August 13, 2026, abandoning the proposed transaction. Consequently, the company indefinitely postponed an extraordinary general meeting of shareholders originally scheduled for August 14, 2026. The termination agreement imposes no further liability or obligation on either party, except for specific surviving sections regarding confidentiality and governing law. This development removes the potential acquisition target from Digital Asset Acquisition Corp.'s pipeline. Digital Asset Acquisition Corp. operates as a blank check company in the financial services industry, specializing in identifying and merging with private companies to create public listing opportunities.