UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM
CURRENT REPORT
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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 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.
Item 9.01 Financial Statements and Exhibits.
(d) Exhibits
| Exhibit Number |
Description | |
| 10.1 | Mutual Termination and Release Agreement, dated August 13, 2026, between the Company and Old Glory. | |
| 104 | Cover Page Interactive Data File (embedded within the Inline XBRL document). |
Forward-Looking Statements
This report includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. You should not rely on these forward-looking statements as predictions of future events. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from the expected results. Most of these factors are outside the Company’s control and are difficult to predict. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. The Company does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions or circumstances on which any such statement is based.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
| Dated: August 13, 2026 | DIGITAL ASSET ACQUISITION CORP. | ||
| By: | /s/ Peter Ort | ||
| Name: | Peter Ort | ||
| Title: | Principal Executive Officer and Co-Chairman | ||
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