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

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Old Glory Bank, a crypto-friendly institution, will go public via a $250 million SPAC deal, aiming to integrate crypto into traditional banking services and list on Nasdaq under 'OGB'.

U.S.-based Old Glory Bank, known for its crypto-friendly approach, is preparing to go public through a Special Purpose Acquisition Company (SPAC) transaction with Digital Asset Acquisition Corp. The deal is valued at $250 million and includes $176 million in SPAC funds along with at least $50 million in private investment. Old Glory Bank's strategic objective is to fully integrate crypto assets into its traditional banking services, with plans to list on Nasdaq under the ticker symbol 'OGB'.

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