Digital Asset Acquisition Corp.

Digital Asset Acquisition Corp. is a blank check company formed to complete a merger, share exchange, asset acquisition, or similar business combination with an operating business. It has no operating business or revenue of its own and exists to identify and acquire a target, with a definitive deal announced in January 2026 to combine with Old Glory Bank and form OGB Financial Company.

10.47

10.47

— Digital Asset Acquisition Corp.
%
SPAC formation and capital pool0% IPO proceeds and trust-account capital used to fund a future acquisition.
Private placement warrants0% Warrants sold to the sponsor and underwriters to provide additional financing.
Business combination execution0% Transaction structuring and execution of a merger or similar acquisition.
Target screening and due diligence0% Evaluation of potential acquisition targets across industries and geographies.

The company does not sell products or services to end customers; its economic counterparties are investors, the...

  • Public shareholdersprimary

    Invest in the SPAC units and may redeem for cash if they do not support the deal.

  • Sponsor and private placement warrant holdersprimary

    Provide capital and transaction support in exchange for warrants and equity economics.

  • Target businessesprimary

    Potential merger partners that may use the SPAC as a public listing path.

  • Underwriters and financing counterpartiessecondary

    Facilitate the IPO and related financing structures that support the acquisition process.

The company is incorporated in the Cayman Islands and is managed from the United States, where its securities were...

  • •Incorporated in the Cayman Islands
  • •Operates as a U.S.-listed SPAC with IPO proceeds raised in the United States
  • •No operating revenue geography yet because no business combination is complete
  • •Future target geography is unrestricted and could be global
  • •Post-deal geographic exposure will depend on the acquired company

The core strategy is to identify and complete a business combination within the stated completion window, using IPO...

01
Close the announced business combinationshort-term

The company has no operating business until a transaction is completed.

02
Preserve transaction capitalshort-term

Redemptions and deal costs can reduce funds available to fund the target.

03
Select a target with public-market viabilitymedium-term

The SPAC must find a business that can support a listed equity story after closing.

The company faces the standard SPAC risks of failing to complete a business combination, high redemption levels, and...

critical

Failure to complete a business combination

The company exists solely to acquire a target and has no operating fallback.

Scope
All equity value depends on closing a transaction.
Materiality
high
high

High shareholder redemptions

Redemptions reduce the cash available to fund the acquisition and may weaken the deal.

Scope
IPO trust proceeds and closing capital.
Materiality
high
high

Target selection and diligence risk

Private targets may have limited public information, increasing mispricing risk.

Scope
Acquisition valuation and post-close performance.
Materiality
high
medium

Competitive sourcing environment

Other SPACs, private equity, and strategic buyers compete for the same targets.

Scope
Ability to secure a high-quality target on acceptable terms.
Materiality
medium
Redeemable ordinary shares
Affects balance sheet equity presentation and can change additional paid-in capital or deficit
Warrant accounting and dilution
Influences diluted earnings per share and equity valuation
Trust-account interest income
Drives reported results despite no operating revenue
Pre-combination expense recognition
Creates recurring losses until a transaction closes

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: 28.4.2026