MergerAug 13, 2026, 05:09 PM
Digital Asset Acquisition Corp. Terminates Merger with Old Glory
AI Summary
Digital Asset Acquisition Corp. (DAAQ) and Old Glory Holding Company have mutually agreed to terminate their Business Combination Agreement, originally dated January 13, 2026. This termination, effective August 13, 2026, abandons the previously contemplated merger transactions. As a direct consequence, DAAQ has indefinitely postponed its extraordinary general meeting of shareholders, which was scheduled for August 14, 2026. The termination agreement includes mutual releases of claims between both parties.
Key Highlights
- Business Combination Agreement with Old Glory Holding Company terminated.
- Termination of the agreement became effective on August 13, 2026.
- The original Business Combination Agreement was dated January 13, 2026.
- Extraordinary general meeting of shareholders indefinitely postponed.
- Mutual Termination and Release Agreement signed on August 13, 2026.
- Mutual releases of claims between Digital Asset Acquisition Corp. and Old Glory.
Price Impact
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