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

Old Glory Bank, a crypto-friendly lender, will go public through a deal with Digital Asset Acquisition Corp. The deal values Old Glory at $250 million and will list the new company, OGB Financial Co., on the Nasdaq under the ticker OGB. Old Glory has ties to prominent right-wing political figures and aims to fully integrate cryptocurrency into its loans, deposits, and investment offerings.