Entry into a Material Definitive Agreement · Termination of a Material Definitive Agreement · Other Events
Item 1.01 Entry into a Material Definitive Agreement. On August 13, 2026, Old Glory Holding Company (“Old Glory”) and Digital Asset Acquisition Corp. (the “Company”) entered into a Mutual Termination and Release Agreement (the “Termination Agreement”), pursuant to which the parties mutually agreed to terminate the Business Combination Agreement, dated as of January 13, 2026 (as amended, the “Busin…
Filed Aug 13, 2026Accepted Aug 13, 2026, 5:02 PM EDTCIK 2052162Accession 0001213900-26-089219
We are a special purpose acquisition company incorporated on December 9, 2024 as a Cayman Islands exempted company and formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses, which we refer to throughout this prospectus as our initial business combination. We have not selected any business combination target and we have not, nor has anyone on our behalf, initiated any substantive discussions, directly or indirectly, with any business combination target. We may pursue an initial business combination in any business or industry but expect to target opportunities and companies that are in the digital asset and cryptocurrency sectors.
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Item 1.01Item 1.01 - Entry into Material Agreement
Item 1.01 Entry into a Material Definitive Agreement.
On August 13, 2026, Old Glory
Holding Company (“Old Glory”) and Digital Asset Acquisition Corp. (the “Company”) entered into a Mutual Termination
and Release Agreement (the “Termination Agreement”), pursuant to which the parties mutually agreed to terminate the Business
Combination Agreement, dated as of January 13, 2026 (as amended, the “Business Combination Agreement”), between the Company
and Old Glory, and abandon the transactions contemplated by the Business Combination Agreement (the “Transactions”) as of
August 13, 2026 (the “Effective Date”).
Under the Termination Agreement,
on the Effective Date, the Business Combination Agreement is terminated in its entirety and will impose no further liability or obligation
on the Company, Old Glory or their respective representatives, except that Section 9.18 of the Business Combination Agreement will survive
and remain in full force and effect, and all ancillary documents relating to the Transactions will be automatically terminated without
further action, concurrent with the termination of the Business Combination Agreement in accordance with the Termination Agreement.
The foregoing description
of the Termination Agreement does not purport to be complete and is qualified in its entirety by reference to the text of the Termination
Agreement, a copy of which is filed herewith and incorporated by reference herein and made a part hereof.
Item 1.02 Termination of a Material Definitive
Agreement.
The information contained
in Item 1.01 of this Current Report on Form 8-K with respect to the termination of the Business Combination Agreement and all other ancillary
agreements is incorporated by reference herein and made a part hereof.
Item 1.02Item 1.02 - Termination of Material Agreement
Item 1.02 Termination of a Material Definitive
Agreement.
The information contained
in Item 1.01 of this Current Report on Form 8-K with respect to the termination of the Business Combination Agreement and all other ancillary
agreements is incorporated by reference herein and made a part hereof.
Item 8.01Item 8.01 - Other Events
Item 8.01 Other Events.
Indefinite Postponement
of Extraordinary General Meeting of Shareholders
As a result of the termination
of the Business Combination Agreement, there is no business to be transacted at the Company’s extraordinary general meeting of shareholders
(the “Meeting”) originally scheduled to be held at 10:00 a.m. Eastern Time on August 14, 2026.
As a result of this change,
the Company will indefinitely postpone the Meeting.
