The deal gives DAAQ a new target after its prior merger fell through, but the $250 million valuation and $15 million PIPE provide a clear path to close. Monitor the registration statement filing and shareholder vote for redemptions, which will determine the final cash available post-closing cash.
Price Chart
Executive Summary
Digital Asset Acquisition Corp. (DAAQ), a SPAC that previously terminated its merger with Old Glory Holding Company in August 2026, has entered into a new merger agreement with Titan Strategics Holdings Ltd, a Cayman Islands holding company that owns Titan Strategics AS, a Norwegian mineral exploration company holding permits for the Billingen Project in Sweden. The deal values Titan at a $250 million base purchase price, includes a $15 million PIPE financing at $10.00 per share, and will result in DAAQ redomesticating to Delaware and changing its name to 'Renaissance Nuclear, Inc.' This represents a new business combination target for DAAQ after the prior deal fell through, giving the SPAC a path forward.
Key Financial Metrics
Key Facts
- DAAQ entered into a merger agreement with Titan Strategics Holdings Ltd on October 7, 2026, after terminating its prior merger with Old Glory Holding Company in August 2026.
- The base purchase price is $250 million, to be paid in 25,000,000 Parent Common Shares (calculated at $10.00 per share).
- A PIPE financing of $15 million (1,500,000 shares at $10.00 per share) is committed, with an additional 250,000 bonus shares issued to the PIPE subscriber and 4,000,000 advisor shares to the Sponsor.
- DAAQ has approximately $181.6 million in its trust account as of the agreement date.
- The combined company will be named 'Renaissance Nuclear, Inc.' and redomesticate to Delaware.
- Titan holds exploration permits for the Billingen Project, covering approximately 207 km² in the Billingen-Falbygden region of Sweden.
- Closing conditions include shareholder approval, SEC effectiveness of the registration statement, Nasdaq listing approval, and minimum $10 million in Parent Closing Cash.
- The outside closing date is June 1, 2027, with a potential three-month extension for SEC comments.
Financial Impact
Base purchase price of $250 million in stock consideration; $15 million PIPE financing; $181.6 million in trust account; minimum $10 million closing cash condition
Risk Factors
- Shareholder redemptions could reduce trust account proceeds significantly, potentially below the $10 million minimum closing cash condition.
- The prior deal termination with Old Glory Holding Company terminated without a termination fee, indicating potential execution risk.
- The target is a pre-revenue mineral exploration company with no revenue or operating income, making valuation and future performance highly uncertain.
Investment Themes
Documents Analyzed
This report is based on 3 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 425 Filing (Primary) | 0001213900-26-108080 |
| Document: ea030808801ex10-5.htm | 0001213900-26-108080 |
| Document: ea030808801ex3-2.htm | 0001213900-26-108080 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 8, 2026 19d ago | 425 | $10.47 $10.48 | ▲ +0.10% | ▲ +2.06% | $10.48 (+0.10%) |
Oct 8, 2026 19d 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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