SPAC KOYN signs non-binding LOI to combine with stablecoin issuer First Digital Group

CSLM Digital Asset Acquisition Corp III, Ltd

KOYN (CSLM Digital Asset Acquisition Corp III) and First Digital Group Ltd. entered a non-binding LOI for a potential business combination.
First Digital issues FDUSD stablecoin (third most traded on exchanges, >$2T cumulative volume).
First Digital expects unaudited 2025 revenue of ~$80-90M; holds 7 licenses/registrations globally.
The deal is subject to due diligence, definitive agreement, board and shareholder approvals, and regulatory clearances.
First Digital is also pursuing a defamation action against Justin Sun in Hong Kong court.

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.