Digital Asset Acquisition Corp. (DAAQ) announced on October 7, 2026, that it has entered into a definitive merger agreement with Titan Strategics Holdings Ltd. The transaction, valued at $250 million, will result in the combined entity operating under the name Renaissance Nuclear, Inc.
Under the terms of the agreement, DAAQ will acquire all equity interests of Titan for a base purchase price of $250,000,000, to be paid in 25,000,000 shares of the combined company. Titan Strategics AS holds exploration permits for the Billingen Project in Sweden, covering an area of approximately 207 km². This project encompasses the former Ranstad uranium mine, which was the cornerstone of Sweden's nuclear fuel self-sufficiency plan and operated from 1965 to 1969. The Swedish state previously drilled 242 holes in the area, with more than 200 located within Titan’s license boundaries. Historical assays from these holes averaged approximately 350 ppm U₃O₈ over about 7 meters.
The proposed Business Combination is subject to customary closing conditions, including the approval of shareholders of both DAAQ and Titan, as well as the effectiveness of a registration statement on Form S-4. The transaction is expected to be completed in early 2027. Following the merger, DAAQ intends to domesticate as a Delaware corporation and change its name to Renaissance Nuclear, Inc. The combined company is expected to list its common stock and warrants on either Nasdaq or the NYSE.
Pro forma for the transaction, the combined company is expected to have an enterprise value of $318 million, excluding additional earnout shares. The deal is expected to deliver approximately $65 million in gross transaction proceeds, assuming no redemptions by DAAQ public shareholders, which includes a minimum of $15 million in PIPE investment from an institutional investor. Titan’s existing equity holders are expected to own approximately 70% of the combined company upon closing.
