Business Context and Reporting Period
Company: Digital Asset Acquisition Corp. (DAAQ), a Cayman Islands exempted company and emerging growth company.
Filing Type: Form 8-K (Current Report).
Date of Report: July 30, 2026.
Primary Event: Postponement of the Extraordinary General Meeting of Shareholders regarding the proposed initial business combination with Old Glory Holding Company ("Old Glory Bank").
Key Financial Metrics
This filing is a current report regarding a corporate event and does not contain audited financial statements, revenue, profit, cash flow, or margin data.
- Redemption Deadline: The deadline for holders of Class A ordinary shares to submit shares for redemption was July 29, 2026.
- Warrant Exercise Price: $11.50 per share.
- Record Date: July 7, 2026 (shareholders of record as of this date are entitled to vote).
Material Changes
The primary material change is the rescheduling of the shareholder vote:
- Original Meeting Date: July 31, 2026.
- New Meeting Date: August 14, 2026, at 10:00 a.m. Eastern Time.
- Location: Ashurst Perkins Coie US LLP, 1155 Avenue of the Americas, New York, NY, and via live webcast.
- Proposals: The resolutions to be voted on remain unchanged from the definitive proxy statement mailed to shareholders.
Guidance, Outlook, and Risks
Management Commentary: The company plans to continue soliciting proxies from shareholders prior to the new meeting date. The definitive proxy statement/prospectus (Form S-4) was declared effective by the SEC on July 6, 2026.
Risks and Contingencies: The filing includes extensive forward-looking statements regarding the Business Combination. Key risks include:
- Failure to obtain shareholder approval from DAAQ or Old Glory Bank.
- Changes in laws or regulations affecting the transaction structure.
- Inability to meet stock exchange listing standards post-combination.
- Disruption of current operations during the transaction process.
- Uncertainty regarding the ability to recognize anticipated benefits, including growth and profitability.
Investor Verification Checklist
- Confirm the new meeting date (August 14, 2026) and voting procedures via the provided webcast link.
- Review the definitive proxy statement/prospectus (Form S-4) filed on July 6, 2026, for detailed terms of the Old Glory Bank combination.
- Verify if the redemption deadline of July 29, 2026, has passed and if any extensions were granted (the filing states the deadline was July 29).
- Monitor for any updates regarding the number of shares tendered for redemption, as this impacts the transaction economics.
- Check for any subsequent filings regarding the outcome of the shareholder vote on August 14, 2026.