09:35 AM EST, 01/13/2026 (MT Newswires) -- Digital Asset Acquisition ( DAAQ ) and Old Glory Bank said Tuesday they have agreed to merge in a deal that values Old Glory at a pre-money valuation of $250 million.

The business combination will create OGB Financial Company, a Texas-based entity expected to list on Nasdaq under the ticker "OGB," the companies said.

Digital Asset Acquisition ( DAAQ ) holds about $176 million in trust, and the parties plan to raise at least $50 million in additional financing through a Private Investment in Public Equity or similar structure before closing, according to the joint statement.

Closing is targeted for late Q1 or early Q2, subject to shareholder and regulatory approvals, the companies said.