Digital Asset Acquisition Corp. (DAAQU): Entry into a Material Definitive Agreement
Digital Asset Acquisition Corp. (DAAQU) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.1 2 ex10-1.htm EX-10.1 Exhibit 10.1 CONFIDENTIAL Digital Asset Acquisition Corp. FORM OF NON-REDEMPTION AGREEMENT This NON-REDEMPTION AGREEMENT (this “ Agreement ”), dated as of [●], 2026, is made by and among Digital Asset Acquisition Corp. , a Cayman Islands exempted comp
How this was made
The 30-second read
Why it matters
The non-redemption agreement locks in an investor’s commitment not to redeem its shares and sets warrant issuance mechanics after closing, which can improve deal funding certainty.
Market read
This is a primary disclosure of investor non-redemption commitments and warrant economics tied to DAAQU’s business combination, relevant to redemption/cash certainty into the vote.
What to watch
Traders should verify the specific non-redemption share count on Exhibit A and the exact redemption deadline/conditions in the related business combination agreement, since those drive the real cash impact.
Background
DAAQU is a Cayman SPAC planning a domestication and merger with Old Glory, with ordinary shares subject to redemption rights ahead of closing.
Ticker impact
DAAQU filed an 8-K disclosing a non-redemption agreement tied to its business combination, including issuance of non-redemption warrants post-closing.
Likely supportive for deal-close probability and near-term sentiment versus a redemption-heavy outcome.
The filing is a primary SEC disclosure of investor behavior (non-redemption) and warrant economics, which can materially affect SPAC cash/redemption dynamics and perceived closing odds.
Market effects
Adds another datapoint on SPAC-style redemption management via investor non-redemption commitments and warrant incentives.
Limited; primarily affects Nasdaq-listed SPAC/blank-check sentiment.
Low; deal mechanics are company-specific.
Counterpoint
Non-redemption agreements may not fully eliminate redemption risk if other holders redeem heavily or if deal conditions fail.
Key entities
- SPACDigital Asset Acquisition Corp. (DAAQU)
Cayman exempted company entering a material definitive agreement via an 8-K; subject of the filing.
- Target/merger counterpartyOld Glory Holding Company
Delaware bank holding company that will merge into the company upon closing.
- InvestorInvestor (counterparty to non-redemption agreement)
Agrees to non-redemption of specified shares and receives non-redemption warrants post-closing.
