DAAQ is now a SPAC without a business combination, facing a ticking clock to find a new target or liquidate. Expect significant volatility as the market prices in the risk of a failed SPAC and potential return of trust proceeds. Monitor for any new target announcement or a liquidation proposal.
Price Chart
Executive Summary
Digital Asset Acquisition Corp. (DAAQ) and Old Glory Holding Company mutually terminated their Business Combination Agreement dated January 13, 2026, 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. This leaves DAAQ as a SPAC without a business combination target, creating significant uncertainty about its future.
Key Facts
- DAAQ and Old Glory mutually terminated the Business Combination Agreement on 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 pending business combination, facing pressure to find a new target or liquidate.
Financial Impact
No termination fee was paid. The deal value and any associated transaction costs were not disclosed. The SPAC now has no identified target, putting its trust proceeds at risk of return to shareholders.
Risk Factors
- Failure to complete a business combination within the SPAC's deadline, leading to liquidation and return of trust proceeds to shareholders.
- Significant stock price decline as the market re-prices the SPAC's probability of success.
- Potential for shareholder redemptions if a new target is announced, further depleting trust proceeds.
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 5 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001213900-26-089219 |
| Document: ea030204501ex10-1.htm | 0001213900-26-089219 |
| Document: 0001213900-26-089219-index-headers.html | 0001213900-26-089219 |
| Document: 0001213900-26-089219-index.html | 0001213900-26-089219 |
| Document: 0001213900-26-089219.txt | 0001213900-26-089219 |
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 15w 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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