Digital Asset Acquisition Shares Jump 43.42% After Old Glory Deal Ends - Digital Asset Acquisition (NASDA

Digital Asset Acquisition Corp. (DAAQ) shares jumped more than 43% after hours following the termination of its “Old Glory” deal. In a Thursday SEC filing, the company said the transaction—signed Jan. 13—was set for DAAQ to first redomicile as a Texas corporation, after which Old Glory would merge into it. The parties agreed to a full mutual release of claims, with no termination fee for either side. As a result, DAAQ indefinitely postponed an extraordinary general shareholder meeting originally scheduled for Aug. 14, 2026. The stock is a New Jersey-based blank-check special purpose acquisition company. DAAQ’s market cap is $166.87 million, with shares outstanding of 980,000 as of Aug. 7, and it closed Thursday at $7.26.