Digital Asset Acquisition Corp. Terminates Deal with Old Glory

What Happened

• Digital Asset Acquisition Corp. (the Company) and Old Glory Holding Company (Old Glory) entered into a Mutual Termination and Release Agreement dated August 13, 2026, that terminates the Business Combination Agreement between them (originally dated January 13, 2026, as amended).
• The parties abandoned the transactions contemplated by that Business Combination Agreement effective August 13, 2026; ancillary documents are automatically terminated and the agreement imposes no further liability or obligation on either party except for Section 9.18, which survives.

Key Details

• Termination Agreement effective date: August 13, 2026.
• Original Business Combination Agreement date: January 13, 2026 (as amended).
• Extraordinary general meeting of shareholders scheduled for August 14, 2026 is indefinitely postponed because there is no business to transact.
• The Mutual Termination and Release Agreement is filed as Exhibit 10.1 to the Company’s Form 8-K.

Why It Matters

• The announced termination means the proposed business combination between Digital Asset Acquisition Corp. and Old Glory will not proceed; investors should note the deal is officially abandoned as of Aug 13, 2026.
• The postponement of the shareholder meeting removes the immediate vote related to that transaction; shareholders should monitor the company for any further notices or new proposals.
• Investors who want details or potential surviving obligations should review the filed Termination Agreement (Exhibit 10.1) and Section 9.18 referenced in the filing.