Every 8-K that CSLM Digital Asset Acquisition Corp III (KOYN) has filed with the SEC in the last 24 months is listed below, newest first, and each one links through to the document itself with the summary and the scores our analysis gives it.
A 8-K covers material events a company has to report between its quarterly reports, so if you follow KOYN and want that one kind of document rather than the whole filing history, this is the page to keep. The company's other filings, of every form, are on the full KOYN filings page.
CSLM Digital Asset Acquisition Corp III, Ltd (KOYN) signed a definitive business combination agreement with First Digital Group Ltd., valuing First Digital at $250 million on a pre-money equity basis. First Digital would continue into the Cayman Islands, KOYN would merge into a new holding company, and the holding company’s subsidiary would then merge into First Digital, which would become its wholly owned subsidiary. Closing is expected in the first half of 2027, subject to shareholder and regulatory approvals, an effective Form F-4 registration statement, Nasdaq listing approval and other conditions; the agreement has no minimum cash condition.
The holding company’s Class A shares would carry one vote each, while First Digital Founder and CEO Vincent Chok would receive Class B shares carrying ten votes each. His milestone-based earn-out shares would be placed in escrow and forfeited if applicable milestones are not met.
As of June 30, 2026, First Digital said FDUSD had recorded more than $4 trillion in cumulative trading volume. Its reserves are backed by cash and cash equivalents, including short-dated U.S. Treasury bills, and receive independent monthly attestations. Finance District does not yet contribute material revenue.
CSLM Digital Asset Acquisition Corp III, Ltd has made its PFIC Annual Information Statement for fiscal year 2025 available on its website and as Exhibit 99.1 to a current report. The statement supports U.S. shareholders in preparing Form 8621 related to passive foreign investment company tax rules.
The PFIC statement reports ordinary earnings of $0.0011226332 per share per day and no net capital gain per share per day. It also notes no cash and no fair market value of property for PFIC reporting purposes. Investors are advised to consult their own tax advisors regarding application of the PFIC rules.
CSLM Digital Asset Acquisition Corp III, Ltd., a special purpose acquisition company, disclosed that on December 2, 2025 it and First Digital Group Ltd., a stablecoin and digital asset infrastructure provider, entered into a non-binding letter of intent for a potential business combination.
The parties emphasized that there is no assurance a definitive agreement will be reached or that any transaction will be completed. Any deal would require completion of due diligence, negotiation and approval of a definitive agreement, board and equity holder approvals, regulatory clearances, and other customary closing conditions. If a definitive agreement is signed, a registration statement on Form F-4 with a proxy statement/prospectus would be filed with the SEC for CSLM shareholders.
CSLM Digital Asset Acquisition Corp III, Ltd reported executive changes and new consulting arrangements. On November 10, 2025, Charles T. Cassel III resigned as Chief Executive Officer and joined the Board as a Director. The Board appointed Vikas Mittal and Ryan Gentry as Co‑Chief Executive Officers, effective the same day. Mittal continues as Chief Financial Officer and Chairman. The company stated both departures were not due to any disagreement on operations, policies, or practices.
CSLM entered consulting agreements paying $12,500 per month to Gentry and $17,500 per month to Mittal, payable monthly. Each agreement terminates automatically upon completion of a business combination, unless ended sooner per its terms. On November 10, 2025, Jonathan M. Binder also resigned as a Director, with no stated disagreements.