Digital Asset Acquisition Corp.

Digital Asset Acquisition Corp. (DAAQ) announced the postponement of its extraordinary general meeting of shareholders, originally scheduled for July 31, 2026. The meeting, which is to approve the proposed business combination with Old Glory Holding Company, will now take place on August 14, 2026, at 10:00 a.m. Eastern Time. The redemption deadline for Class A ordinary shares was July 29, 2026, and the record date for voting shareholders remains July 7, 2026. DAAQ will continue to solicit proxies.

Digital Asset Acquisition Corp. (DAAQ) has entered into a business combination agreement with Old Glory Bank. The transaction will involve DAAQ reincorporating in Texas and changing its name to OGB Financial Company, followed by a merger with Old Glory Bank. As part of the agreement, DAAQ will issue Non-Redemption Warrants to certain investors who agree not to redeem their shares in connection with the business combination. These warrants will be exercisable at $12.00 per share, with provisions for adjustments based on future stock performance and change of control events.

Digital Asset Acquisition Corp. (DAAQ) announced a definitive business combination agreement with Old Glory Bank, aiming to create OGB Financial Company, which will be listed on Nasdaq. The transaction is expected to close in Q2 2026. For Q1 2026, DAAQ reported a net income of $1.04 million, a significant improvement from a net loss of $54,616 in Q1 2025, primarily driven by earnings on marketable securities in the Trust Account. The company also noted substantial doubt about its ability to continue as a going concern if the business combination is not completed by January 30, 2027.