Old Glory Bank to Go Public Through SPAC Deal Valued at $250 Million

According to PANews, U.S.-based Old Glory Bank, known for its crypto-friendly approach, is set to go public through a SPAC transaction with Digital Asset Acquisition Corp., valued at $250 million. The deal includes $176 million in SPAC funds and at least $50 million in private investment. Old Glory aims to fully integrate crypto assets into traditional banking services and plans to list on Nasdaq under the ticker symbol 'OGB.'