Digital Asset Acquisition agrees to merge with Titan Strategics, forming Renaissance Nuclear
Bitget2026/10/08 13:25Digital Asset Acquisition Corp. agreed to merge with Titan Strategics, holder of exploration licenses over Sweden’s former Ranstad uranium mine. The combined company is expected to be named Renaissance Nuclear, Inc. and seek a Nasdaq or NYSE listing upon closing. Pro-forma enterprise value is $318 million, excluding additional earnout shares. The deal is expected to deliver about $65 million in gross proceeds, including a signed $15 million PIPE commitment. Titan equity holders will receive 25,000,000 shares and are expected to own about 70% post-closing; completion is targeted for early 2027. Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Digital Asset Acquisition Corp. published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202610080925PRIMZONEFULLFEED9842187) on October 08, 2026, and is solely responsible for the information contained therein.
- Digital Asset Acquisition Corp. agreed to merge with Titan Strategics, holder of exploration licenses over Sweden’s former Ranstad uranium mine.
- The combined company is expected to be named Renaissance Nuclear, Inc. and seek a Nasdaq or NYSE listing upon closing.
- Pro-forma enterprise value is $318 million, excluding additional earnout shares.
- The deal is expected to deliver about $65 million in gross proceeds, including a signed $15 million PIPE commitment.
- Titan equity holders will receive 25,000,000 shares and are expected to own about 70% post-closing; completion is targeted for early 2027.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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