According to Bloomberg, cryptocurrency-supporting lending institution Old Glory Bank announced that it will go public through a merger with blank check company Digital Asset Acquisition Corp. The deal values Old Glory at $250 million, with SPAC contributing $176 million and at least $50 million in private placement investments to complete the transaction; after the merger, the company will be renamed OGB Financial Co. and listed on Nasdaq under the ticker OGB.
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According to Bloomberg, cryptocurrency-supporting lending institution Old Glory Bank announced that it will go public through a merger with blank check company Digital Asset Acquisition Corp. The deal values Old Glory at $250 million, with SPAC contributing $176 million and at least $50 million in private placement investments to complete the transaction; after the merger, the company will be renamed OGB Financial Co. and listed on Nasdaq under the ticker OGB.