Digital Asset Acquisition Corp. is a special purpose acquisition company (SPAC) incorporated in the Cayman Islands, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization, or similar business combination with one or more businesses. The company intends to focus its search on the digital asset and cryptocurrency sectors, aiming to bring private digital asset companies into the public markets. Each unit consists of one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 per share.
Digital Asset Acquisition Corp. Announces Postponement of Shareholder Meeting
Digital Asset Acquisition Corp. postponed its extraordinary general meeting to approve the proposed business combination with Old Glory Holding Company from July 31, 2026, to August 14, 2026.
The deadline for shareholders to submit shares for redemption was July 29, 2026, while the company continues to solicit proxies from holders of record as of July 7, 2026.
The meeting will be held to approve the merger with Old Glory Bank, a Delaware corporation, allowing additional time for the vote to take place.