Traders should expect significant downside pressure on DAAQ shares as the SPAC now lacks a business combination target. Monitor for any announcement of a new target or a liquidation proposal. The indefinite postponement of the shareholder meeting suggests no imminent alternative deal.
Price Chart
Executive Summary
Digital Asset Acquisition Corp. (DAAQ) and Old Glory Holding Company mutually terminated their Business Combination Agreement, effectively abandoning the planned merger. As a result, DAAQ indefinitely postponed its extraordinary general meeting of shareholders that was scheduled for August 14, 2026. No termination fee was payable by either party, leaving DAAQ as a SPAC without a business combination target and creating significant uncertainty about its future.
Key Facts
- DAAQ and Old Glory mutually terminated the Business Combination Agreement dated January 13, 2026, effective August 13, 2026.
- The extraordinary general meeting of shareholders scheduled for August 14, 2026, has been indefinitely postponed.
- No termination fee is due or payable by either party in connection with the termination.
- DAAQ is now a SPAC without a business combination target, creating significant uncertainty about its future.
Financial Impact
No termination fee payable; DAAQ loses its merger target and faces an uncertain path to completing a business combination within its remaining time window.
Risk Factors
- DAAQ may fail to find a new business combination target within its remaining time, leading to liquidation and return of trust proceeds.
- Shareholder redemptions could accelerate, further reducing trust assets and making a future deal less viable.
- The stock could trade at a significant discount to trust value as the liquidation scenario becomes more likely.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001213900-26-089223 |
| Document: ea0302045-8k425_digital.htm | 0001213900-26-089223 |
| Document: 0001213900-26-089223-index-headers.html | 0001213900-26-089223 |
| Document: 0001213900-26-089223-index.html | 0001213900-26-089223 |
| Document: 0001213900-26-089223.txt | 0001213900-26-089223 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 18d ago | 425 | $10.47 $10.48 | ▲ +0.10% | ▲ +2.06% | $10.48 (+0.10%) |
Oct 8, 2026 18d ago | 8-K | $10.47 $10.48 | ▲ +0.10% | ▲ +2.06% | $10.48 (+0.10%) |
Aug 13, 2026 10w ago | 425 | $10.42 $10.41 | ▲ +0.09% | ▼ −1.28% | $10.48 (−0.58%) |
Aug 13, 2026 10w ago | 8-K | $10.42 $10.41 | ▲ +0.09% | ▼ −1.28% | $10.48 (−0.58%) |
Jul 31, 2026 12w ago | 425 | $8.41 $8.14 | ▼ −3.21% | ▼ −6.72% | $10.48 (+24.61%) |
Jul 31, 2026 12w ago | 8-K | $8.41 $8.14 | ▼ −3.21% | ▼ −6.72% | $10.48 (+24.61%) |
Jul 7, 2026 16w ago | EFFECT | $10.41 $10.41 | ▲ +0.04% | ▼ −0.52% | $10.48 (+0.71%) |
Jun 29, 2026 17w ago | S-4/A | $10.38 $10.40 | ▼ −0.19% | ▲ +0.41% | $10.48 (−0.96%) |
Jun 18, 2026 18w ago | S-4/A | $10.36 $10.38 | ▼ −0.19% | ▼ −1.86% | $10.48 (−1.16%) |
US Market Status
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