Digital Asset Acquisition Business Summary

Digital Asset Acquisition Corp. (DAAQ) is a special purpose acquisition company (SPAC) that generates revenue primarily through interest income on trust account holdings, with a long-term model transitioning to transaction fees, crypto-banking spreads, and digital asset custody following its pending merger with Old Glory Bank. As of February 2026, the company operates as a blank-check vehicle focused on the digital asset, blockchain, and cryptocurrency infrastructure sectors. In January 2026, DAAQ entered a definitive business combination agreement to acquire Old Glory Bank, a pro-America "Freedom Economy" institution, at a $250 million pre-money valuation. This merger aims to create OGB Financial Company, a Nasdaq-listed entity bridging traditional FDIC-insured banking with frictionless crypto-fiat integration. DAAQ competes directly with other specialized acquisition vehicles and fintech platforms such as Real Asset Acquisition Corp. (RAAQ), 1RT Acquisition Corp. (ONCH), and Twelve Seas Investment Company III (TWLV). It distinguishes itself by targeting the intersection of regulatory-compliant banking and decentralized finance (DeFi) for a specific values-based consumer demographic. DAAQ is led by Principal Executive Officer and Co-Chairman Peter John Ort, a seasoned investment professional who serves as a General Partner at Cambium Capital Management and previously held senior roles at Goldman Sachs and the Concord family of SPACs. He is joined by CFO and Co-Chairman Jeffrey M. Tuder, the founder of Tremson Capital Management and an Operating Partner at Atlas Merchant Capital with extensive experience in special situations and corporate restructurings. The company’s board of directors includes prominent industry figures such as Kristin Smith (CEO of the Blockchain Association), Rebecca Rettig (Chief Legal and Policy Officer at Polygon Labs), and Thomas Trowbridge (former President of Hedera Hashgraph). Notable stakeholders and incoming leadership via the Old Glory Bank merger include co-founder and board member Dr. Ben Carson, the former U.S. Secretary of Housing and Urban Development, reinforcing the firm's strategic focus on institutional-grade digital asset infrastructure and conservative banking principles.