Old Glory Bank and Digital Asset Acquisition Corporation (Nasdaq: DAAQ) have entered into a definitive agreement to combine their businesses, creating OGB Financial Company, which will be headquartered in Texas and listed on Nasdaq under the ticker symbol "OGB." The deal values Old Glory Bank at a pre-money valuation of $250 million, with DAAQ contributing $176 million from its trust account. The parties also plan to secure at least $50 million in additional funding through a PIPE or similar arrangement. The transaction is expected to close by the end of the first quarter or early in the second quarter of 2026, upon satisfaction of customary closing conditions. Old Glory Bank, which operates an online pro-America banking platform serving customers in all 50 states, aims to use the merger to drive further growth and innovation, including the integration of crypto into daily banking services.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Digital Asset Acquisition Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 9624744) on January 13, 2026, and is solely responsible for the information contained therein.