DAAQ
Digital Asset Acquisition Corp.10.17
-0.01-0.1%
Dec 16, 4:00:00 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
No earnings call transcript available
Key Stats
Market Cap
233.91MP/E (TTM)
-Basic EPS (TTM)
-Dividend Yield
0%Recent Filings
10-K
FY2025 results
Digital Asset Acquisition Corp, a blank check company, reported no revenues for FY2025 ended December 31, 2025, with net income of $4.2M driven by $4.6M in Trust Account earnings on $177M in marketable securities. Post-IPO on April 30 with $172.5M raised (17.25M units at $10), the full year reflects formation costs offset by investment income; no Q4 breakdown disclosed. Liquidity remains strong at $1.1M cash outside Trust, bolstered by Sponsor support. Signed definitive agreement January 13, 2026, to merge with Old Glory Bank, eyeing Q2 2026 close. Sponsor controls board pre-deal.
8-K
Board adds crypto experts
Old Glory Bank announced on February 23, 2026, that Peter Ort and Michael Sonnenshein will join OGB Financial Company's board post-business combination with DAAQ, pending Federal Reserve approval. Ort brings banking and crypto expertise; Sonnenshein, ex-Grayscale CEO, bridges TradFi and crypto. New directors bolster crypto integration. Regulatory nod remains key.
8-K
DAAQ to merge with Old Glory Bank
Digital Asset Acquisition Corp. (DAAQ), a Nasdaq-listed SPAC, announced a definitive business combination agreement with Old Glory Bank on January 13, 2026, targeting Q2 2026 close under Item 7.01. The deal implies a $441.8M pro forma enterprise value, funded by DAAQ's $176M trust (assuming no redemptions) and $50M PIPE for ~$207M net cash, with Old Glory shareholders rolling over 100% equity for ~47% ownership. Old Glory, an FDIC-insured digital bank serving crypto, oil & gas, firearms, and conservative clients, grew deposits from $10M to $247M by December 2025 with a top-decile 0.86% cost of funds.
8-K
DAAQ-Old Glory merger announced
Digital Asset Acquisition Corp. signed a Business Combination Agreement on January 13, 2026, with Old Glory Holding Company, setting up a domestication to Texas-based OGB Financial Company followed by a merger. Old Glory Bank's Class B shares peg participating equity at $250 million, adjusted for debt and cash; closing needs $50M minimum cash from trust or PIPE, bank approvals. Deal targets H1 2026 close. Lock-ups bind insiders.
10-Q
Q3 FY2025 results
Digital Asset Acquisition Corp posted Q3 net income of $1.7M, driven by $1.8M Trust Account earnings that swamped $117K operating costs—yet no revenue, as it's a blank-check firm post-IPO. Nine-month net income hit $2.7M on $2.9M Trust yields, with $175.5M now parked there at $10.17/share after April's $172.5M raise. Cash outside Trust sits at $1.1M; $6.9M deferred underwriting fee awaits any deal. Trust fully intact. Solid runway to October 2026 deadline. But liquidation looms if no merger by then.
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