Abandoned13 August 2026

Digital Asset Acquisition Corp. to acquire Old Glory Holding Company

Verified deal facts, source-backed narrative, and the Exit Mode founder lens for SME readers preparing to sell.

Deal facts

Buyer
Digital Asset Acquisition Corp.
Target
Old Glory Holding Company
Deal value
Not disclosed
Announced
13 August 2026
Status
Abandoned
Sector
Not stated
Country
United States
Consideration
Not stated
What we know

Digital Asset Acquisition Corp has agreed to acquire Old Glory Holding Company in a transaction announced on 13 August 2026. The buyer is based in the United States, while the target company operates within the same country. This cross-border element is absent as both entities are domiciled in the US market. The specific financial terms of the deal remain undisclosed, with no reported value or currency specified in the available records. Consequently, the consideration type and exact valuation metrics are not included in this summary. The sector classification for Old Glory Holding Company is also unreported, leaving the industrial context undefined for readers seeking industry-specific insights.

The transaction has subsequently been abandoned by the parties involved. No completion date was recorded, indicating that the deal did not proceed to closure. Regulatory approvals or other conditions precedent are not mentioned in the current data set. The final status reflects a termination of negotiations rather than a successful integration. This outcome suggests that potential synergies or strategic alignments were not sufficient to sustain the proposed acquisition through to completion. The absence of further updates implies that both companies have moved on from this specific corporate action without any public resolution or alternative arrangement being announced at this time.

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Deal timeline

1 update
  1. AbandonedClosed

    Digital Asset Acquisition Corp. abandoned offer for Old Glory Holding Company

    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 “Busin

    Source

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Buyer history

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Methodology

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