Material Agreement, Termination of Material Agreement (Form 8-K)

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 "Business Combination Agreement"), between the Company and Old Glory, and abandon the transactions contemplated by the Business Combination Agreement (the "Transactions") as of August 13, 2026 (the "Effective Date").

Under the Termination Agreement, on the Effective Date, the Business Combination Agreement is terminated in its entirety and will impose no further liability or obligation on the Company, Old Glory or their respective representatives, except that Section 9.18 of the Business Combination Agreement will survive and remain in full force and effect, and all ancillary documents relating to the Transactions will be automatically terminated without further action, concurrent with the termination of the Business Combination Agreement in accordance with the Termination Agreement.

The foregoing description of the Termination Agreement does not purport to be complete and is qualified in its entirety by reference to the text of the Termination Agreement, a copy of which is filed herewith and incorporated by reference herein and made a part hereof.

Item 1.02 Termination of a Material Definitive Agreement.

The information contained in Item 1.01 of this Current Report on Form 8-K with respect to the termination of the Business Combination Agreement and all other ancillary agreements is incorporated by reference herein and made a part hereof.