Digital Asset Acquisition Corp. is a blank check company that provides no operating products or commercial services of its own and is organized to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination; its stated focus is on the digital asset, blockchain, and broader financial technology sectors. Founded in 2024 and headquartered in Princeton, New Jersey, the company is incorporated as a Cayman Islands exempted company and has pursued a transaction-driven strategy aimed at identifying and completing an initial business combination with a target operating business. Its core activity centers on raising capital through its public listing and using that capital to consummate a qualifying acquisition rather than manufacturing or selling standalone products. In January 2026, the company announced a definitive business combination agreement with Old Glory Holding Company, the parent of Old Glory Bank, which contemplated domestication into Texas, a name change to OGB Financial Company, and a merger with the bank; the parties later delayed the shareholder vote before mutually terminating the agreement on August 13, 2026, leaving the transaction abandoned and the related shareholder meeting indefinitely postponed.