Crypto-friendly lending institution Old Glory Bank plans to list on Nasdaq via a SPAC transaction.

Cryptocurrency-friendly lender Old Glory Bank will go public in a deal with blank check company Digital Asset Acquisition Corp. The special purpose acquisition company (SPAC) will invest $176 million, with at least $50 million in private investment to facilitate the transaction. Upon completion, Old Glory Bank will be valued at $250 million. The new company, named OGB Financial Co., will be listed on Nasdaq under the ticker symbol OGB.