Digital Asset Acquisition Corp. — Form 8-K
Filed August 13, 2026 · analyzed by the 8-K Agent
8-K
▼ Likely negative
significance 78/100
What the filing says
On August 13, 2026, Digital Asset Acquisition Corp (DAAQ) and Old Glory Holding Company mutually terminated their Business Combination Agreement, originally signed January 13, 2026, under which Old Glory would have merged into DAAQ. Both parties released each other from all claims related to the deal; no termination fee is due. The transaction will not proceed.
Why this rating
Deal termination eliminates DAAQ's stated acquisition strategy. For a $180.8M SPAC, loss of identified target materially impacts near-term value and purpose—this is significant but not existential absent new direction.
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