Digital Asset Acquisition Corp. files 10-Q

Digital Asset Acquisition Corp. reported a net income of $1,038,689 for the three months ended March 31, 2026, a significant improvement from a net loss of $54,616 in the prior year period, primarily due to investment earnings on its trust account. The company is proceeding with its planned business combination with Old Glory Bank, expected to close in the second quarter of 2026, but acknowledges substantial doubt about its ability to continue as a going concern if the business combination is not completed by January 30, 2027.