Recent Updates — DAAQU
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.
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. announced on July 30, 2026, that its extraordinary general meeting of shareholders to approve the proposed initial business combination with Old Glory Holding Company has been postponed from July 31, 2026, to August 14, 2026. The meeting will be held at Ashurst Perkins Coie US LLP in New York and virtually via webcast. Shareholders of record as of July 7, 2026, are entitled to vote on the same proposals outlined in the definitive proxy statement previously mailed to investors. The deadline for shareholders to submit shares for redemption was July 29, 2026. Digital Asset Acquisition Corp. is a blank check company formed to effect a business combination with one or more businesses, specifically targeting opportunities in the digital asset and cryptocurrency sectors.
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.