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CSLM to merge with First Digital for $250M listing

PUBLIC · KOYNOct 08, 2026

Acquiring Company

CSLM Digital Asset Acquisition III

Acquired Company

First Digital

North BrabantHong KongPublishingNews

Description

CSLM Digital Asset Acquisition Corp III has signed a merger agreement with First Digital, valuing the latter at $250 million. The transaction is expected to lead to a new holding company listed on Nasdaq in early 2027. First Digital, known for issuing FDUSD, has extensive trading volumes and aims to expand its product offerings.

Company Information

Company

CSLM Digital Asset Acquisition III

Location

North Brabant, Netherlands

About

CSLM Digital Asset Acquisition Corp III is a special purpose acquisition company (SPAC) listed on Nasdaq. It focuses on identifying and merging with growth companies in the digital asset space. The firm seeks to create value through innovative business combinations. It allows private companies to go public more easily and efficiently.

Fundz sees it the moment CSLM Digital Asset Acquisition III makes an acquisition, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Frequently asked

Who acquired First Digital?

First Digital was acquired by CSLM Digital Asset Acquisition III, based in North Brabant. The deal was reported on October 8, 2026. CSLM Digital Asset Acquisition Corp III is a special purpose acquisition company (SPAC) listed on Nasdaq. It focuses on identifying and merging with growth companies in the digital asset space. CSLM Digital Asset Acquisition III is publicly traded (KOYN).

When did CSLM Digital Asset Acquisition III acquire First Digital?

CSLM Digital Asset Acquisition III's acquisition of First Digital was reported on October 8, 2026. CSLM Digital Asset Acquisition Corp III has signed a merger agreement with First Digital, valuing the latter at $250 million. The transaction is expected to lead to a new holding company listed on Nasdaq in early 2027. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does First Digital do?

First Digital is a digital asset news company based in Hong Kong, primarily known for issuing the stablecoin FDUSD. The company has reported significant trading volumes exceeding $4.7 trillion and annual revenue of $87 million. It is privately held, operating in Publishing, and is based in Hong Kong.

This company was part of an acquisition. Fundz tracks who bought whom, and who to call on both sides.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include FundzWatch™ for automated website change detection, Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.