Digital Asset Acquisition, Old Glory Bank strike business combination deal
Digital Asset Acquisition Corp. Class A DAAQ | 0.00 |
- Digital Asset Acquisition Corp. agreed to combine with Old Glory Holding Company in a deal that will merge Old Glory Bank into a Texas-incorporated renamed parent, OGB Financial Company.
- The update outlines planned non-redemption agreements that would pay participating holders 3.25 Pubco warrants per Class A share not redeemed.
- Warrants would be immediately exercisable for cash at USD 12 per share, expiring five years after the business combination closes.
- Terms include exercise-price resets tied to post-close trading performance, certain equity issuances below USD 10, or a change of control.
Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Digital Asset Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001493152-26-029392), on June 18, 2026, and is solely responsible for the information contained therein.
