Digital Asset Acquisition Corp. to Acquire Titan Strategics in $250 Million All-Stock Deal
Digital Asset Acquisition Corp. Class A (NASDAQ:DAAQ) has reached an agreement to acquire Titan Strategics in an all-stock transaction valued at $250 million. Under the terms of the transaction, Titan Strategics will be acquired for 25 million shares at $10 per share, alongside a $15 million private investment in public equity (PIPE) and 250,000 participation shares. The business will rebrand as Renaissance Nuclear following the closure of the combination.
To help secure the required backing, the sponsor of Digital Asset Acquisition Corp. Class A signed a Parent Support Agreement with Titan Strategics effective October 7, 2026. The support agreement is designed to commit the sponsor to voting in favor of the business merger and ensuring shareholder vote approval.
Market participants will be watching for regulatory updates and shareholder voting dates as the deal moves forward. Shares of Digital Asset Acquisition Corp. Class A were flat at $10.47.
Key points
- Digital Asset Acquisition Corp. Class A (NASDAQ:DAAQ) agreed to acquire Titan Strategics in a $250 million all-stock deal.
- The deal includes 25 million shares at $10 per share, a $15 million PIPE, and 250,000 participation shares.
- Following completion of the transaction, the entity will rebrand as Renaissance Nuclear.
- A Parent Support Agreement took effect on October 7, 2026, to secure shareholder voting support for the merger.
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What are the terms of Digital Asset Acquisition's deal with Titan Strategics?
Digital Asset Acquisition Corp. Class A agreed to buy Titan Strategics for $250 million in an all-stock deal comprising 25 million shares at $10 each, a $15 million PIPE, and 250,000 participation shares.
What will Renaissance Nuclear be?
Renaissance Nuclear is the new brand name that Digital Asset Acquisition Corp. Class A will adopt following its acquisition of Titan Strategics.
What is the purpose of the Parent Support Agreement?
Effective October 7, 2026, the sponsor signed the Parent Support Agreement to guarantee voting support for the merger and ensure necessary shareholder approvals.