Crypto-Friendly Bank to Go Public on Nasdaq via SPAC Merger

Old Glory Bank, a crypto-friendly lender founded in 2022, announced plans to merge with the special purpose acquisition company (SPAC) Digital Asset Acquisition Corporation to become a Texas-based company listed on the Nasdaq under the ticker OGB. The merger is anticipated to close in late Q1 or early Q2 of 2026, pending regulatory and shareholder approval. Co-founder Michael Shaw stated the bank aims to be the first chartered bank to fully integrate crypto into daily banking, enabling customers to easily move assets on and off-chain using their patent-pending OGB Freedom Offramp for instant crypto-to-fiat conversion. Old Glory Bank originated from the acquisition and rebranding of the century-old First State Bank of Elmore City, Oklahoma.

(Source：Cointelegraph)