Welcome to our dedicated page for DIGITAL ASSET ACQUISITION news (Ticker: DAAQU), a resource for investors and traders seeking the latest updates and insights on DIGITAL ASSET ACQUISITION stock.
Digital Asset Acquisition Corp. (Nasdaq: DAAQU) is a special purpose acquisition company in the financial services sector, formed to complete a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. The company has stated that, while it may pursue a transaction in any industry or region, it intends to target opportunities in the digital asset and cryptocurrency sectors.
This news page aggregates press releases and market updates related to Digital Asset Acquisition Corp. and its securities, including its units (DAAQU), Class A ordinary shares (DAAQ) and warrants (DAAQW) once they trade separately. Coverage includes milestones such as the pricing and closing of its initial public offering, the commencement of separate trading of shares and warrants, and subsequent capital markets activities.
Investors can also follow announcements about the company’s regulatory filings and reporting status, such as notifications of late filings under Form 12b‑25, which explain timing of periodic reports like Form 10‑Q. These updates help readers understand the company’s compliance posture and key reporting events as a Nasdaq‑listed SPAC.
A significant focus of the news flow is the company’s transaction activity. Digital Asset Acquisition Corp. has announced a definitive business combination agreement with Old Glory Bank’s bank holding company to form OGB Financial Company, a Texas corporation expected to be listed on Nasdaq under the ticker symbol OGB, subject to shareholder and regulatory approvals and other customary closing conditions. News items related to this proposed transaction include details on the structure, trust account funds, and planned SEC filings such as a registration statement on Form S‑4 and a Current Report on Form 8‑K.
Readers who monitor DAAQU news can use this page to review historical announcements, follow developments in the proposed combination with Old Glory Bank’s holding company, and track how the SPAC advances toward completing its business combination objectives.
Old Glory Bank and Digital Asset Acquisition Corp (Nasdaq: DAAQ) agreed to combine to form OGB Financial Company, a Texas corporation expected to list on Nasdaq under the ticker OGB. The deal targets closing in late Q1 or early Q2 2026 and is subject to shareholder and regulatory approvals.
Key financials: DAAQ holds $176 million in trust, Old Glory Bank has a $250 million pre-money valuation, and the parties intend to arrange a PIPE or other proceeds of at least $50 million for closing. Old Glory reported deposits grew from $10 million to $245 million as of Dec 31, 2025, and serves over 80,000 accounts nationwide.
Digital Asset Acquisition Corp. (NASDAQ: DAAQU) announced that holders of units from its initial public offering can begin trading Class A ordinary shares and warrants separately starting around June 2, 2025. The IPO, completed on April 30, 2025, consisted of 17,250,000 units, including 2,250,000 units from the fully exercised overallotment option.
The units will continue trading on Nasdaq under "DAAQU," while the separated Class A ordinary shares and warrants will trade under "DAAQ" and "DAAQW" respectively. Only whole warrants will be traded, with no fractional warrants issued. Unit holders must contact Efficiency, the transfer agent, to separate their units.
["-"]Digital Asset Acquisition Corp has successfully completed its $172.5 million initial public offering (IPO), selling 17,250,000 units at $10.00 per unit on Nasdaq. Each unit includes one Class A ordinary share and half of one redeemable warrant, exercisable at $11.50 per share.
The company's units trade under "DAAQU", with Class A shares and warrants to list separately as "DAAQ" and "DAAQW". A concurrent private placement raised $5.45 million through 5,450,000 warrants at $1.00 each, purchased by DAAQ Sponsor LLC, Cohen & Company Capital Markets, and Clear Street.
As a blank check company, Digital Asset Acquisition Corp aims to pursue business combinations in the digital asset and cryptocurrency sectors. The IPO placed $172.5 million in trust, with Cohen & Company Capital Markets leading the offering and Clear Street acting as joint book-runner.
Digital Asset Acquisition Corp has announced the pricing of its $150 million initial public offering, offering 15,000,000 units at $10.00 per unit. The units will trade on Nasdaq under the symbol "DAAQU" starting April 29, 2025.
Each unit includes one Class A ordinary share and half of one redeemable warrant. Whole warrants can purchase one Class A share at $11.50. Once separated, shares and warrants will trade as "DAAQ" and "DAAQW" respectively.
The company is a blank check company targeting opportunities in the digital asset and cryptocurrency sectors. Cohen & Company Capital Markets leads the offering, with Clear Street as joint book-runner. Underwriters have a 45-day option to purchase up to 2,250,000 additional units for over-allotments.
The offering, expected to close April 30, 2025, is only available through prospectus from Cohen & Company Capital Markets.