DAAQ 10-K & 10-Q changes, risk factors and insider trading

On July 7, 2026, the Company filed a definitive proxy statement/prospectus on Form 424(b)(3) with the SEC in connection with the previously announced Business Combination with Old Glory Bank (the “OGB Business Combination”), pursuant to the Business Combination Agreement.

Under the terms of the Business Combination Agreement, (i) the Company will domesticate from a Cayman Islands exempted company to a Texas corporation (the “Domestication”) and, in connection therewith, will change its name to “OGB Financial Company” (“Pubco”), and (ii) Old Glory Bank will merge with and into Pubco, with Pubco surviving (the “Merger”). Immediately prior to the Domestication, each outstanding Class B ordinary share (as defined below) will convert on a one-for-one basis into a Class A ordinary share (as defined below). In connection with the Domestication and prior to the closing of the OGB Business Combination, (i) each Class A ordinary share (not redeemed) will convert into one share of common stock, par value $0.0001 per share, of Pubco (“Pubco Common Stock”), (ii) each outstanding Public Warrant will become a warrant to purchase one share of Pubco Common Stock (“Pubco Warrant”), and (iii) each unit will separate into its component parts of one share of Pubco Common Stock and one-half of one Pubco Warrant.

At the effective time of the Merger, outstanding Old Glory Bank Class A and Class B shares will be exchanged for shares of the Pubco Common Stock based on a $250.0 million equity value (adjusted for closing indebtedness and unrestricted cash) and a $10.00 per share reference price, and outstanding Old Glory Bank equity awards and warrants will be converted into equivalent awards and warrants of Pubco. An extraordinary general meeting of the Company’s shareholders to vote on the OGB Business Combination and related proposals is scheduled for August 14, 2026. In connection with the meeting, public shareholders may elect to redeem their Class A ordinary shares for a pro rata portion of the Trust Account (defined below), which as of the June 30, 2026 reflected a redemption price of approximately $10.44 per share. The Sponsor, which owned approximately 24.5% of the outstanding ordinary shares as of June 30, 2026, together with the Company’s directors and officers, has agreed to vote in favor of the OGB Business Combination and to waive its redemption rights pursuant to the previously executed letter agreement and Sponsor Support Agreement (as defined below).

Prior to the closing of the OGB Business Combination, the Company intends to enter into non-redemption agreements with unaffiliated third-party holders of Class A ordinary shares (the “NRA Investors”), pursuant to which the NRA Investors will agree not to redeem their shares in connection with the extraordinary general meeting to be held to approve the OGB Business Combination. In exchange, and contingent upon the consummation of the OGB Business Combination, Pubco will issue to the NRA Investors, for no additional consideration, 3.25 warrants for each non-redeemed Class A ordinary share. The warrants will be exercisable for cash at an initial exercise price of $12.00 per share, will become exercisable upon issuance, and will expire five years after the closing of the OGB Business Combination. The exercise price is subject to customary anti-dilution adjustments and to downward reset provisions based on subsequent equity issuances, a 45-day volume-weighted average price measured following the first anniversary of closing (subject to a $6.00 floor), and certain change of control transactions. No Non-Redemption Agreements have been executed and no warrants have been issued as of June 30, 2026.

Consummation of the OGB Business Combination remains subject to shareholder approval, bank regulatory approvals, Nasdaq listing approval, completion of the redemption of public shares, and other customary closing conditions.

For the six months ended June 30, 2026, we had net income of $2,384,004, which resulted from investment earnings on marketable securities held in the Trust Account of $2,972,423 and investment earnings on marketable securities held in the Operating Account of $12,081, offset by general and administrative expenses of $600,500.

General and administrative expenses increased significantly compared to the prior year, primarily due to incremental operational costs following the Initial Public Offering, such as the monthly Sponsor fee, accounting and audit fees. In addition, we incurred expenses during the current period related to due diligence activities for the initial Business Combination.

For the six months ended June 30, 2025, we had net income of $974,692, which resulted from earnings and realized gain on marketable securities held in Trust Account of $1,147,520 offset by general and administrative expenses of $172,828.

For the six-month period ended June 30, 2025, net cash provided by operating activities was $158,436. Net income of $974,692 was adjusted for earnings on marketable securities in our Trust Account of $1,164,886, operating expenses paid via promissory note - related party of $112,848, and operating costs paid by Sponsor of $207,836. Changes in operating assets and liabilities provided $27,946 of cash for operating activities primarily due to primarily due to increases in accrued expenses and due to related party, offset by an increase in prepaid insurance.

Non-Redemption Agreement

Prior to the closing of the OGB Business Combination, the Company will enter into the Non-Redemption Agreement with the NRA Investors, pursuant to which such NRA Investors will agree to not redeem the Class A ordinary shares held by them in connection with the extraordinary general meeting of shareholders of the Company to be held to approve the Business Combination. In exchange for such commitment, the Company will agree that, immediately following the closing of the OGB Business Combination, Pubco will issue to the NRA Investors, for no additional consideration, warrants (the “Non-Redemption Warrants”) to purchase shares of Pubco Common Stock, in an amount equal to 3.25 Non-Redemption Warrants for each Class A ordinary share not redeemed by such NRA Investor in accordance with the terms of the Non-Redemption Agreements. Each Non-Redemption Agreement will also provide for certain customary registration rights with respect to the shares of Pubco Common Stock underlying the Non-Redemption Warrants.

The Non-Redemption Warrants will be immediately exercisable upon issuance and will expire five years from the closing of the OGB Business Combination. The Non-Redemption Warrants, if exercised, may be exercised only for cash. Each Non-Redemption Warrant will be initially exercisable at $12.00 per share of Pubco Common Stock, subject to adjustments for stock dividends, splits, combinations and similar events and customary anti-dilution adjustments, including with respect to certain future issuances or sales of Pubco Common Stock at prices less than the exercise price then in effect.