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Digital Asset Acquisition swings to Q1 FY26 profit of $1.04 million
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Digital Asset Acquisition swings to Q1 FY26 profit of $1.04 million
  • Digital Asset Acquisition swings to net income of USD 1.04 million for the three months ended March 31, 2026, from a net loss of USD 54,616 a year earlier.
  • General and administrative expenses climbed to USD 426,442, while investment earnings totaled USD 1.46 million on marketable securities in the Trust Account.
  • Net cash used in operating activities was USD 446,855.
  • Entered a definitive business combination agreement with Old Glory Bank on Jan. 13, 2026, targeting a second-quarter 2026 closing, subject to shareholder and regulatory approvals.


Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Digital Asset Acquisition Corp. published the original content used to generate this news brief via EDGAR, the Electronic Data Gathering, Analysis, and Retrieval system operated by the U.S. Securities and Exchange Commission (Ref. ID: 0001213900-26-057772), on May 15, 2026, and is solely responsible for the information contained therein.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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