DAAQ Signs $250M Merger with Titan Strategics to Create Renaissance Nuclear
DAAQ sits 59% above its 52-week low of $6.6 on elevated volume (15× avg).
Summary
DAAQ signed a $250M merger agreement with Titan Strategics, a Swedish uranium exploration company, to form Renaissance Nuclear. The deal includes a $15M PIPE and is expected to close in early 2027.
Key Events · M&A and Partnerships · DAAQ
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$250M Merger with Titan Strategics
DAAQ will acquire all equity of Titan Strategics Holdings Ltd for a $250M Base Purchase Price payable in 25,000,000 Parent Common Shares at $10.00/share. Titan holds exploration permits for the Billingen Uranium Project in Sweden (~207 km²).
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$15M PIPE at $10.00/Share
A $15M PIPE (1,500,000 shares at $10.00) from an accredited investor, plus 250,000 Participation Shares. The Sponsor forfeits an equal number of shares to offset dilution.
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Titan Holders to Own ~70% of Pubco
Pro-forma enterprise value of $318M. Titan's existing equity holders convert 100% of their equity into 25M Pubco shares, expected to own approximately 70% of the combined company upon closing.
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Sponsor Advisor Shares with Price Vesting
4,000,000 Advisor Shares issued to Sponsor at closing, vesting in 1M-share tranches at $12.50, $15.00, $17.50, and $20.00 share price milestones. Additional 1,750,000 Referral Fee Shares to a Finder.
Analysis · DAAQ · Finance
DAAQ has pivoted from its failed Old Glory Bank merger to a $250M combination with Titan Strategics, a Swedish uranium exploration company. The deal gives Titan's holders 25M shares (~70% of the combined company) and includes a $15M PIPE at $10.00/share. This is a thesis-altering event for a SPAC that was facing a January 2027 liquidation deadline — the merger provides a path to survival, but the economics heavily favor Titan's sellers over existing DAAQ shareholders.
How filings like this one have moved
In the 30 days to Oct 8, 2026, 43% of the 323 measured filings Wiseek scored 9 moved their stock by 5% or more by the next session's close. The median move was -0.62%. These are measured outcomes after filings of this importance, not a forecast for this one.
Measured one observation per ticker per day, after exclusions. Current figures: Filing Impact Tracker · open dataset
At the time of this filing, DAAQ was trading at $10.47 on NASDAQ in the Finance sector, with a market capitalization of approximately $240.8M. The 52-week trading range was $6.60 to $10.51. This filing was assessed with positive market sentiment and an importance score of 9 out of 10.