Old Glory Bank To Go Public Via DAAQ Merger At $250M Valuation, Expects To Trade Under Ticker Symbol "OGB"

"We intend for Old Glory Bank to be the first chartered bank to fully integrate crypto into daily banking." Michael Staw, Co-Founder and Chief Innovation Officer.

Main Street, America, Jan. 13, 2026 (GLOBE NEWSWIRE) --

Old Glory Bank, serving customers in all 50 states with its pro-America online banking platform, and Digital Asset Acquisition Corporation (NASDAQ:DAAQ) ("DAAQ"), a special purpose acquisition company, today announced that DAAQ and Old Glory Bank's Bank Holding Company have entered into a definitive business combination agreement to create OGB Financial Company, a Texas corporation to be listed on Nasdaq under the reserved ticker symbol "OGB." The closing of the transaction is expected to occur at the end of the first quarter or early in the second quarter of 2026 and is subject to approval by the shareholders of the parties and other customary closing conditions, including regulatory approval.

DAAQ currently has $176 million in its trust account, and Old Glory Bank's pre-money valuation will be $250 million in this transaction. The parties intend to arrange a PIPE or other proceeds of at least $50 million for closing. Additional information about the transaction will be provided in a Current Report on Form 8-K, which will include an investor presentation to be filed with the Securities and Exchange Commission and will be available at www.sec.gov.