Digital Asset Acquisition Corp. (DAAQU) trading halted on pending news

- Titan holds the exploration licenses over Ranstad, Sweden's largest previously producing uranium mine, and approximately 207 km(2) of the surrounding Billingen uranium district, in a NATO and EU member state. -- Originally built by AB Atomenergi, the state-controlled company behind Sweden's first nuclear reactor, and later co-managed by LKAB, today one of Europe's largest mining companies. -- 242 historical holes drilled by the Swedish state, more than 200 inside Titan's license area. Historical assays averaged approximately 350 ppm U(3) O(8) over about 7 meters, in a flat, layer-cake horizon that in places comes within approximately 9 meters of surface. -- The EU imports virtually all of its uranium, around one pound in six from Russia. Sweden lifted its uranium ban on January 1, 2026, reopening alum shales that host an estimated one million tonnes of uranium (IAEA/OECD-NEA "Red Book"). -- Partnering with Digital Asset Acquisition Corp., whose team includes 40-year uranium and nuclear executive Jim Cornell, who recently advised on IQM Quantum Computers Oyj (Nasdaq: IQMX) public listing. -- Pro-forma combined company enterprise value of $318 million. -- Received signed commitment of $15 million of common equity in the form of a PIPE (Private Investment in Public Equity) investment from an accredited investor. PRINCETON, NJ, Oct. 08, 2026 (GLOBE NEWSWIRE) -- Digital Asset Acquisition Corp. (Nasdaq: DAAQ) ("DAAQ"), a special purpose acquisition company, today announced that it has entered into a merger agreement (the "Merger Agreement" and the transactions contemplated by that agreement, the "Business Combination") with Titan Strategics Holdings Ltd, a Cayman Islands exempted company ("Titan"), and the direct owner of one hundred percent (100%) of the equity interests in Titan Strategics AS, the exploration license holder over the former Ranstad uranium mine and the surrounding Billingen uranium district in Sweden. Upon closing, the combined company (the "Pubco") is expected to operate under the new name of Renaissance Nuclear, Inc. The proposed Business Combination remains subject to the receipt of all necessary shareholder and regulatory approvals, and other customary closing conditions. Titan Strategics AS holds the exploration permits for the Billingen Uranium Project in south-central Sweden, a district-scale land package that takes in the former Ranstad mine. Ranstad was the cornerstone of Sweden's plan for nuclear fuel self-sufficiency and produced uranium from 1965 to 1969, until low prices at the time forced its closure. In the 1970s, LKAB became a co-manager and drew up plans to restart and expand it. Now, with the ban lifted, AI driving power demand and Europe racing to replace Russian nuclear fuel, Titan intends to bring this historic district back to life with modern exploration. The project sits about 5 kilometers from Skövde and 150 kilometers from Gothenburg, Scandinavia's largest container port, with highway, rail and grid powe