STOCK TITAN

Old Glory Bank to go public via DAAQ de-SPAC and Texas OGB Financial (NASDAQ: DAAQ)

Filing Impact
(Moderate)
Filing Sentiment
(Neutral)
Form Type
425

Rhea-AI Filing Summary

Digital Asset Acquisition Corp. entered into a business combination agreement with Old Glory Holding Company, the parent of Old Glory Bank, to take the bank public through a de-SPAC transaction. As part of the deal, Digital Asset Acquisition Corp. will deregister as a Cayman Islands company and domesticate as a Texas corporation named OGB Financial Company, which will be the surviving public company after Old Glory Bank merges into it.

Old Glory Bank promotes this planned transaction as a way for everyday Americans to own stock in a values-focused bank, highlighting that it expects to be listed on Nasdaq and noting deposit growth of more than 2,000% in less than three years. The companies plan to file a Form S-4 registration statement with the SEC, including a proxy statement/prospectus for Digital Asset Acquisition Corp. shareholders to vote on the business combination and related matters.

Positive

  • None.

Negative

  • None.

Insights

DAAQ plans a de-SPAC to list Old Glory Bank via a Texas-domiciled holding company.

Digital Asset Acquisition Corp. has signed a business combination agreement with Old Glory Bank’s holding company to complete a de-SPAC transaction. The structure involves DAAQ converting from a Cayman exempted company into a Texas corporation called OGB Financial Company, then merging with Old Glory Bank so that OGB Financial becomes the public parent.

Marketing language in radio reads emphasizes Old Glory Bank’s identity-driven branding and notes that deposits have grown by more than 2,000% in less than three years. The transaction is framed around expectations of a future Nasdaq listing, but closing depends on shareholder approvals, regulatory clearances, and satisfaction of other conditions described for the Form S-4 proxy/prospectus.

Filed by Digital Asset Acquisition Corp.

Pursuant to Rule 425 under the Securities Act of 1933

and deemed filed pursuant to Rule 14a-12

under the Securities Exchange Act of 1934

Subject Company: Digital Asset Acquisition Corp.

Commission File No. 001-42612

Date: January 16, 2026

 

As previously announced, on January 13, 2026, Digital Asset Acquisition Corp., a Cayman Islands exempted company (“DAAQ”) and Old Glory Holding Company, a Delaware corporation, registered as a Bank Holding Company under the Bank Holding Company Act of 1956 (“Old Glory Bank”), entered into a business combination agreement (the “Business Combination Agreement”), for a business combination transaction (the “Transaction”) that will result in, among other things, (i) DAAQ changing its jurisdiction of incorporation by deregistering as a Cayman Islands exempted company and domesticating as a corporation incorporated under the laws of the State of Texas, and, in connection therewith, changing its name to “OGB Financial Company” (“Pubco”) and (ii) Old Glory Bank merging with and into Pubco, with Pubco continuing as the surviving company.

 

Set forth below are transcripts of three live recordings made available to the public via radio broadcast:

 

Erick Erickson:

:60 Live Read

 

You’ve heard me talk about Old Glory Bank for several years. I was one of their earliest customers and I’m proud that they are in their third year supporting this show.

 

Old Glory Bank has all the products and services of a mega bank, but they have the same values that we do. They are the best alternative to debanking, government bailouts, and improper government surveillance.

 

There is no Debanking or Improper Surveillance at Old Glory Bank - just Privacy, Security, and Liberty.

 

You might have heard their big news: The are going to be first bank to do a De-SPAC and become a public company incorporated in Texas (not Delaware), so everyone will be able to buy (and sell) their stock on the Nasdaq.

 

Old Glory Bank, the “Bank FOR America,” expects to soon be publicly listed on Nasdaq and folks living near Main Street, not Wall Street, will be able to own their stock. This is what a “freedom company” is supposed to be like.

 

Learn more at OldGloryBank.com/erick.

 

That’s OldGloryBank.com/erick

______

 

Real America’s Voice

:30 Live Read

 

I’ve got huge news – Old Glory Bank is expected to go public in a few months. That’s right. Old Glory Bank expects to be listed on the NASDAQ. This means that everyday Americans who love this country will be able to own stock in a bank that actually stands for them.

 

The Freedom Economy. The De-Fi Economy. Traditional values. This is a win for all of us.

 

Old Glory Bank offers everything you need, but more importantly, they’re run by patriots who share your values.

 

That matters.

Go to OldGloryBank.com/RAV to learn more.

 

That’s OldGloryBank.com/RAV

________

 

 

 

 

Lee Matthews (Chisholm Trail)

:30 Live Read

 

Let me share some news I think matters. Old Glory Bank expects to go public on the NASDAQ in a few months. Patriots can own stock in a bank that shares their values.

 

They have all of the products and services of the big bad banks, and because of your support, Old Glory Bank has deposits by more than 2,000% in less than 3 years. Amazing! It proves people are looking for alternatives to the big banks.

 

Old Glory Bank offers everything you need in a bank, and they’re run by patriots here in America. Values matter.

 

Go to OldGloryBank.com/Lee to learn more.

_________

 

Additional Information about the Business Combination and Where to Find It

 

The Business Combination will be submitted to the shareholders of DAAQ for their consideration. DAAQ and Old Glory Bank intend to file a registration statement on Form S-4 (the “Registration Statement”) with the Securities and Exchange Commission (the “SEC”), which will include a proxy statement/prospectus and certain other related documents, which will serve as both the proxy statement to be distributed to DAAQ’s shareholders in connection with DAAQ’s solicitation for proxies for the vote by DAAQ’s shareholders in connection with the Business Combination and other matters to be described in the Registration Statement, as well as the prospectus relating to the offer and sale of the securities to be issued (or deemed issued) to DAAQ’s securityholders and Old Glory Bank’s equityholders in connection with the completion of the Business Combination. After the Registration Statement is declared effective, DAAQ will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the Business Combination. DAAQ’s shareholders and other interested persons are advised to read, once available, the Registration Statement, the preliminary proxy statement/prospectus included in the Registration Statement and any amendments thereto and, once available, the definitive proxy statement/prospectus and documents incorporated by reference therein filed in connection with the Business Combination, in connection with DAAQ’s solicitation of proxies for its extraordinary general meeting to be held to approve, among other things, the Business Combination, as well as other documents filed with the SEC in connection with the Business Combination, as these documents will contain important information about DAAQ, Old Glory Bank, and the Business Combination. Securityholders of DAAQ and Old Glory Bank may obtain a copy of the preliminary or definitive proxy statement/prospectus, once available, as well as other documents filed by DAAQ with the SEC that will or may be incorporated by reference in the proxy statement/prospectus, without charge, at the SEC’s website located at www.sec.gov or by directing a written request to DAAQ at 174 Nassau Street, Suite 2100, Princeton, New Jersey 08542.

 

Participants in the Solicitation

 

DAAQ and its directors and executive officers may be deemed participants in the solicitation of proxies from DAAQ’s shareholders in connection with the Business Combination. More detailed information regarding those directors and executive officers and a description of their interests in DAAQ is contained in DAAQ’s filings with the SEC, including the registration statement on Form S-1 (File No. 333-284776), which was declared effective by the SEC on April 28, 2025, and which is available free of charge at the SEC’s website at www.sec.gov. Additional information regarding the interests of such participants will be contained in the Registration Statement when available.

 

Old Glory Bank’s directors and executive officers may also be deemed to be participants in the solicitation of proxies from DAAQ’s shareholders in connection with the Business Combination. A list of the names of such directors and executive officers and information regarding their interests in the Business Combination will be included in the Registration Statement when available.

 

2

 

 

Forward-Looking Statements

 

This communication includes certain statements that may constitute “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Exchange Act. Forward-looking statements include, but are not limited to, statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intends,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “target,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements may include, for example, statements about DAAQ’s or Old Glory Bank’s ability to effectuate the Business Combination discussed in this document; the benefits of the Business Combination; the future financial performance of Pubco (which will be the go-forward public company following the completion of the Business Combination) following the closing; changes in Old Glory Bank’s strategy, future operations, financial position, estimated revenues and losses, projected costs, prospects, plans and objectives of management. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by DAAQ, Old Glory Bank and their respective management teams, as the case may be, are inherently uncertain. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as, and must not be relied on by any investor as, a guarantee, an assurance, a prediction, or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of DAAQ and Old Glory Bank. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: (1) changes in domestic and foreign business, market, financial, political conditions, and in applicable laws and regulations, (2) the occurrence of any event, change or other circumstances that could give rise to the termination of the definitive agreements and any negotiations with respect to the Business Combination; (3) the outcome of any legal proceedings that may be instituted against DAAQ, Old Glory Bank, the combined company, or others; (4) the inability to complete the Business Combination due to the failure to obtain approval of the shareholders of DAAQ or Old Glory Bank for the Business Combination or to satisfy other conditions to closing; (5) changes to the proposed structure of the Business Combination that may be required or appropriate as a result of applicable laws or regulations; (6) the ability to meet stock exchange listing standards following the consummation of the Business Combination; (7) the risk that the Business Combination disrupts current plans and operations of DAAQ or Old Glory Bank as a result of the announcement and consummation of the Business Combination; (8) the ability to recognize the anticipated benefits of the Business Combination, which may be affected by, among other things: competition, the ability of the combined company to grow and manage growth profitably, the ability of the combined company to build or maintain relationships with customers and retain its management and key employees, the timing and amount of future capital expenditures and requirements for additional capital, and the timing of future cash flow provided by operating activities, if any; (9) costs related to the Business Combination; (10) the possibility that Old Glory Bank or the combined company may be adversely affected by other economic, business, political and/or competitive factors; (11) estimates of expenses and profitability and underlying assumptions with respect to shareholder redemptions and purchase price and other adjustments; and (12) other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in DAAQ’s filings with the SEC, including the Registration Statement, when available, and any periodic Exchange Act reports filed by DAAQ with the SEC such as its Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, and Current Reports on Form 8-K.

 

You should carefully consider the foregoing risk factors and the other risks and uncertainties which will be more fully described in the “Risk Factors” section of the Registration Statement and other documents filed by DAAQ from time to time with the SEC. If any of these risks materialize or DAAQ’s or Old Glory Bank’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither DAAQ nor Old Glory Bank presently know or that they currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect DAAQ and Old Glory Bank’s expectations, plans, or forecasts of future events and views as of the date of this communication. Nothing in this communication should be regarded as a representation by any person that the forward-looking statements set forth herein will be achieved or that any of the contemplated results of such forward-looking statements will be achieved. These forward-looking statements speak only as of the date of this communication. DAAQ, Old Glory Bank, and their respective representatives and affiliates specifically disclaim any obligation to, and do not intend to, update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Accordingly, these forward-looking statements should not be relied upon as representing DAAQ’s, Old Glory Bank’s, or any of their respective representatives or affiliates’ assessments as of any date subsequent to the date of this communication, and therefore undue reliance should not be placed upon the forward-looking statements.

 

No Offer or Solicitation

 

This communication does not constitute an offer to sell or exchange, or a solicitation of an offer to buy or exchange, or a recommendation to purchase, any securities in any jurisdiction, or the solicitation of any proxy, vote, consent or approval in any jurisdiction with respect to any securities or in connection with the Business Combination. There shall not be any offer, sale or exchange of any securities of Old Glory Bank or DAAQ in any jurisdiction where, or to any person to whom, such offer, sale or exchange may be unlawful under the laws of such jurisdiction prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act or an exemption therefrom.

 

 

3

 

 

FAQ

What transaction did Digital Asset Acquisition Corp. (DAAQ) announce with Old Glory Bank?

DAAQ entered into a business combination agreement with Old Glory Holding Company, under which DAAQ will domesticate as a Texas corporation named OGB Financial Company and Old Glory Bank will merge into this new public entity.

Will Old Glory Bank become a publicly traded company through DAAQ?

Yes. The transaction is structured as a de-SPAC in which Old Glory Bank will merge into OGB Financial Company, the renamed and domesticated successor to DAAQ, which is expected to be publicly listed, with promotional materials highlighting an anticipated Nasdaq listing.

Why is Digital Asset Acquisition Corp. changing its jurisdiction to Texas?

As part of the business combination, DAAQ will deregister as a Cayman Islands exempted company and domesticate as a Texas corporation called OGB Financial Company, which will be the surviving public company after Old Glory Bank merges into it.

How fast has Old Glory Bank’s deposit base grown according to the communication?

A radio live read states that Old Glory Bank’s deposits have increased by more than 2,000% in less than three years, which is presented as evidence of customer interest in alternatives to larger banks.

What regulatory filings will be made for the DAAQ–Old Glory Bank business combination?

DAAQ and Old Glory Bank intend to file a registration statement on Form S-4 with the SEC that will include a proxy statement/prospectus for DAAQ shareholders, who will be asked to approve the business combination and related matters.

Where can DAAQ shareholders find more information about the proposed merger with Old Glory Bank?

Once available, DAAQ shareholders can access the Form S-4 registration statement, preliminary and definitive proxy statement/prospectus, and related documents free of charge on the SEC’s website at www.sec.gov or by written request to DAAQ at its Princeton, New Jersey address.
Digital Asset Acquisition Corp

NASDAQ:DAAQ

View DAAQ Stock Overview

DAAQ Rankings

DAAQ Latest News

DAAQ Latest SEC Filings

DAAQ Stock Data

235.06M
17.25M
Shell Companies
Blank Checks
United States
PRINCETON