Old Glory Bank and Digital Asset Acquisition Corp. Announce Business Combination Agreement to Create a Texas Company Publicly Listed on Nasdaq
01/13/2026 08:35 AM • Old Glory Bank, a digital-first FDIC-insured bank serving all 50 states, has announced a definitive business combination agreement with Digital Asset Acquisition Corp. (DAAQ) to create OGB Financial Company, a publicly listed Texas corporation on Nasdaq under ticker 'OGB'. The transaction, expected to close in Q1-Q2 2026, values Old Glory Bank at $250 million pre-money with DAAQ's $176 million trust account and planned $50 million PIPE funding. Old Glory Bank plans to become the first chartered bank to fully integrate cryptocurrency into daily banking operations, offering crypto loans, an OGB stablecoin (OGBUSD), and seamless fiat-to-crypto conversion through its proprietary OGB Freedom Offramp technology.
DAAQ - DAAQ is acquiring a rapidly growing bank with $245 million in deposits, 80,000+ accounts, and 2,000% deposit growth since 2023. The combination provides DAAQ with a profitable operating business, clear growth strategy in the crypto banking sector, and a path to Nasdaq listing with strong backing from prominent co-founders.
Investing.com • Brett Owens