Ticker LaunchSPAC · Deal announced · KOYN
CSLM Digital Asset Acquisition Corp III, Ltd
Business combination with First Digital Group Ltd.
CSLM Digital Asset Acquisition Corp III, Ltd (KOYN) is a blank-check company (SPAC) that raised $200M in its initial public offering on Aug 27, 2025. It agreed to combine with First Digital Group Ltd., announced on Oct 7, 2026, at a stated value of $250M. The deal has not closed yet. Loeb & Loeb advised the SPAC and DLA Piper advised the underwriters on the IPO.
First Digital Group Ltd. provides trust and custody services through First Digital Trust Limited, a Hong Kong-licensed trust or company service provider. It also issues FDUSD, a USD-referenced stablecoin, and offers payments infrastructure.
- Status
- Deal announced
- Ticker
- KOYN
- IPO date
- Aug 27, 2025
- IPO size
- $200M
- Target
- First Digital Group Ltd.
- Target sector
- Crypto/Digital assets
- Announced
- Oct 7, 2026
- Stated deal value
- $250M
- Combined company
- CSLM III Holdings Ltd
- SPAC counsel (IPO)
- Loeb & Loeb and Forbes Hare
- Underwriters' counsel (IPO)
- DLA Piper
More on this SPAC for subscribers
- Trust balance and value per share
- Merger proxy, registration statement and investor presentation
- Analyst notes from the filings
Every record in the database also has its full filing timeline, a daily-updated calendar, watchlist alerts and Excel export.
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Filings
- IPO prospectus (424B4) Aug 27, 2025
- Deal announcement (8-K) Oct 7, 2026
- Press release
- All filings on EDGAR CIK 2068454
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