DAAQ Stock Surges 43% Following Termination of Merger Agreement with Old Glory

Key Facts

In a move reflecting a significant shift in corporate strategy that triggered investor optimism, Digital Asset Acquisition Corp. saw a dramatic rally in its share price. The company's stock jumped 43.42% in after-hours trading following the announcement that it has terminated its merger agreement with Old Glory Holding Company. According to reports, the termination of the deal acted as a major catalyst, leading to a sharp positive reaction from market participants.

This substantial price action highlights the high-volatility nature of SPAC vehicles when merger terms are altered or cancelled. Per market dynamics, the rally of over 41% during the after-hours session suggests that investors may view the termination as a favorable development for the company's capital structure or future acquisition prospects, marking a significant event for retail traders monitoring the sector.

Looking ahead, investors will be watching for price consolidation following the recent spike, though official closing levels as of August 14, 2026, remain unavailable. With no major upcoming catalysts in the economic calendar specifically tied to this merger termination, market focus will likely remain on qualitative updates from the company regarding its next strategic steps.