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.

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.