CSLM Digital Asset Acquisition Corp III Class A Ordinary Shares
- Market Cap (Float-Adj) (Float-adjusted market cap computed by the low-float screener — matches the screener row. May differ from the standard cap (price × all shares outstanding) reported elsewhere.)
- $323.8M
- Price
- $10.26
- % Change (Daily % change from the live per-ticker quote feed.)
- +0.10%
- Volume
- 1.3M
About
CSLM Digital Asset Acquisition Corp III, Ltd currently conducts no significant business operations. Its primary objective is to finalize a business combination, which may involve a merger, share exchange, asset acquisition, or corporate reorganization, with one or more enterprises operating in the technology, financial services, or media sectors. Established in 2024, the company is headquartered in Fort Lauderdale, Florida.
Quick stats
Shares outstanding31.6M
Computed float23.3M
Float / shares73.9%
Key info
SectorFinancial Services
IndustryShell Companies
CIK (Central Index Key — the unique ID the SEC assigns to every filer. Use it to look up the company's filings on EDGAR.)0002068454
Websitehttps://koynspac.com
AI Summary
AI-generated2d agomajorbullishm and a
First Digital Signs Definitive Agreement to Become a Publicly Listed Company to Build the Infrastructure for the Agentic Economy
KOYN, a Nasdaq-listed SPAC, has signed a definitive business combination agreement with First Digital Group, the issuer of the FDUSD stablecoin, valuing the target at $250 million on a pre-money equity basis.
First Digital generated approximately $87 million of revenue in fiscal 2025, and FDUSD has recorded more than $4.7 trillion in cumulative trading volume with a $4.4 billion historical peak circulation.
Closing is expected in the first half of 2027, subject to shareholder approvals, regulatory approvals, F-4 effectiveness, and Nasdaq listing approval. First Digital has also signed a non-binding term sheet for a $25 million convertible note at a 0% coupon with a $12.00 conversion price.
Founder Vincent Chok will receive Class B shares with ten votes per share, concentrating control in the founder post-listing.
Red flags
- SPAC merger closing not expected until 1H 2027 with no assurance of completion
- No minimum cash condition in the business combination agreement
- $25 million convertible note is only a non-binding term sheet
- Founder to receive 10-vote Class B shares, concentrating voting control
- Finance District ecosystem does not yet contribute material revenue
- KOYN states it has not independently verified any information about First Digital provided in the release