Digital Asset Acquisition Corp. to Acquire Titan Strategics in $318M Uranium Deal

Key numbers

Deal value	$318M
Share of market cap	132.1%

Key highlights

• Combined company pro-forma enterprise value established at $318 million
• Transaction includes a $15 million PIPE investment from an accredited investor
• Acquisition targets exploration permits covering 207 square kilometers in Sweden
• The combined entity will rebrand as Renaissance Nuclear, Inc. upon closing
• Targeted closing set for early 2027 ahead of the SPAC's January liquidation deadline

What Is the Deal?

Digital Asset Acquisition Corp. (DAAQ) has signed a definitive merger agreement with Titan Strategics Holdings Ltd, which owns exploration licenses for the Billingen Uranium Project in Sweden. The deal values the combined company at a pro-forma enterprise value of $318 million. As part of the transaction, DAAQ will relocate its legal domicile from the Cayman Islands to Delaware and change its name to Renaissance Nuclear, Inc. The acquisition is supported by a $15 million Private Investment in Public Equity (PIPE) commitment. The parties expect the business combination to close in early 2027, fulfilling DAAQ's mandate to complete a combination prior to its January 30, 2027, liquidation deadline.

Up 0.1% since our story on 8 Oct: $10.47 when we broke it → $10.48 at the close on 13 Oct. Daily closing prices. Source: Yahoo Finance.

Show the prices

14 Sep	$10.44
15 Sep	$10.45
16 Sep	$10.46
17 Sep	$10.45
18 Sep	$10.45
21 Sep	$10.45
22 Sep	$10.45
23 Sep	$10.45
24 Sep	$10.44
25 Sep	$10.46
28 Sep	$10.46
29 Sep	$10.47
30 Sep	$10.48
1 Oct	$10.47
2 Oct	$10.47
5 Oct	$10.44
6 Oct	$10.47
7 Oct	$10.47
8 Oct	$10.47
9 Oct	$10.47
12 Oct	$10.48
13 Oct	$10.48

Deal Structure & Terms

• Domesticating the combined entity as a Delaware corporation upon closing
• Automatic conversion of Class B ordinary shares into Class A shares prior to domestication
• Titan Strategics becoming a wholly-owned subsidiary of the rebranded Renaissance Nuclear, Inc.
• Minimum closing conditions including the receipt of $15 million in PIPE funding
• Combined entity expected to list on the NASDAQ exchange under a new ticker symbol

Strategic Rationale

The acquisition focuses on the Billingen Uranium Project, which includes the former Ranstad mine, once a central part of Sweden's nuclear fuel program. Sweden lifted its long-standing uranium mining ban on January 1, 2026, reopening access to alum shales that reportedly host approximately one million tonnes of uranium. The project is situated 150 kilometers from Scandinavia’s largest container port and benefits from established highway, rail, and grid power infrastructure. This move positions the combined company to address growing European demand for domestic nuclear fuel as the region seeks to reduce reliance on imported Russian supplies.

Business Overview

• Titan Strategics holds exploration permits for approximately 207 square kilometers in south-central Sweden
• Historical data includes 242 holes drilled by the state, with 200 located inside Titan's license area
• Historical assays show an average of 350 ppm U3O8 over a seven-meter layer-cake horizon
• Executive leadership will be headed by Adam Clode, a mining veteran with experience at Newmont and Equinox Minerals
• The project is located approximately 5 kilometers from Skövde, a regional industrial hub

Digital Asset Acquisition Corp. · financial snapshot

Share price	$10.47
Market cap	$241M
P/E (TTM)	43.6×
1-month price change	+0.37%
Sector	Financial ServicesShell Companies

Reference market data from a third-party provider, as of the story. Not a valuation or a recommendation.