DAAQ to merge with Titan Strategics, become Renaissance Nuclear

Digital Asset Acquisition Corp. has signed a definitive merger agreement with Titan Strategics Holdings Ltd, which holds exploration permits for the Billingen Project (207 km² in Sweden). Following closing, DAAQ will domesticate as a Delaware corporation, rebrand to Renaissance Nuclear, Inc., and Titan will become its wholly-owned subsidiary. This is a material M&A transaction that redefines the SPAC's business from a blank-check vehicle to an operating company with uranium exploration assets.

A blank-check company (DAAQ) has agreed to merge with a Swedish uranium exploration company (Titan) and rename itself Renaissance Nuclear. This is a major corporate transformation that gives the SPAC real mining assets and a new focus.