Welcome to our dedicated page for CSLM Digital Asset Acquisition news (Ticker: KOYNU), a resource for investors and traders seeking the latest updates and insights on CSLM Digital Asset Acquisition stock.
CSLM Digital Asset Acquisition Corp III, Ltd reports SPAC developments tied to its role as a Cayman Islands blank-check company formed to pursue a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination. News has centered on its completed initial public offering, Nasdaq trading of units under KOYNU, and the structure of each unit as one Class A ordinary share and one-half of one redeemable warrant.
Recurring company updates also cover separate trading of Class A ordinary shares and warrants under KOYN and KOYNW, capital-structure disclosures, material agreements, shareholder-voting matters and governance matters typical of a newly public SPAC.
First Digital Group/b) and announced a non-binding letter of intent dated April 17, 2026 for a proposed business combination to create a publicly listed stablecoin and digital payments leader. First Digital expects US$80–90 million unaudited 2025 revenue and highlights FDUSD metrics: >US$4.4 billion peak circulation and >US$2 trillion cumulative trading volume. The LOI is non-binding and any transaction remains subject to due diligence, definitive agreements, shareholder and regulatory approvals. First Digital also disclosed a filed defamation action dated April 3, 2025.
CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYNU) has successfully completed its initial public offering, raising $230 million through the sale of 23 million units at $10.00 per unit, including the full exercise of the underwriters' over-allotment option.
Each unit comprises one Class A ordinary share and one-half redeemable warrant, with whole warrants exercisable at $11.50 per share. The units trade under "KOYNU," while the Class A shares and warrants will separately trade as "KOYN" and "KOYNW" respectively.
Led by Chairman and CFO Vik Mittal and CEO Charles T. Cassel III, the SPAC targets businesses in the digital asset space, focusing on blockchain infrastructure and distributed ledger technologies within Frontier Growth Markets.
CSLM Digital Asset Acquisition Corp III (NASDAQ:KOYNU) has announced the pricing of its $200 million initial public offering, offering 20 million units at $10.00 per unit. Each unit comprises one Class A ordinary share and one-half of one redeemable warrant, with whole warrants exercisable at $11.50 per share.
Trading will commence on Nasdaq under "KOYNU" on August 27, 2025, with Class A shares and warrants later trading separately under "KOYN" and "KOYNW". The SPAC, led by Chairman Vik Mittal and CEO Charles T. Cassel III, targets businesses in the digital asset space, focusing on blockchain infrastructure and new economy sectors in Frontier Growth Markets.
Cohen & Company Capital Markets serves as the sole book-runner, with a 45-day option to purchase up to 3 million additional units to cover over-allotments. The offering is expected to close on August 28, 2025.