Crypto-friendly Old Glory Bank plans Nasdaq listing through SPAC
The “digital-first“ bank created in 2022 is set to go public on the Nasdaq, subject to shareholder and regulatory approvals.
Old Glory Bank, a crypto-friendly lender, said it will merge with Digital Asset Acquisition Corporation to form a Texas-based company listed on Nasdaq.
In a Tuesday notice, Old Glory and special purpose acquisition company Digital Asset Acquisition Corporation said they plan to form OGB Financial Company as part of an effort to go public under the ticker symbol OGB. The deal is expected to close “at the end of the first quarter or early in the second quarter of 2026,” subject to regulatory and shareholder approval.
“We intend for Old Glory Bank to be the first chartered bank to fully integrate crypto into daily banking,” said the bank’s co-founder and chief innovation officer, Michael Shaw, adding: