{"schema_version":"secwatch.filing_event.v1","accession":"0001829126-25-009580","form_type":"8-K","ticker":"KOYN","cik":"0002068454","company_name":"CSLM Digital Asset Acquisition Corp III, Ltd","filed_at":"2025-12-02T23:59:59+00:00","discovered_at":"2026-05-14T18:02:41.522938+00:00","generated_at":"2026-05-16T15:48:06.664929+00:00","sec_items":["7.01","9.01"],"event_type":"m_and_a","sentiment":"neutral","materiality_score":0.55,"calibrated_materiality_score":0.55,"confidence":"medium","headline":"SPAC KOYN signs non-binding LOI to combine with stablecoin issuer First Digital Group","bullets":["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."],"urls":{"canonical":"https://secwatch.observer/filing/0001829126-25-009580","json":"https://secwatch.observer/filing/0001829126-25-009580.json","markdown":"https://secwatch.observer/filing/0001829126-25-009580.md","text":"https://secwatch.observer/filing/0001829126-25-009580.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/2068454/000182912625009580/0001829126-25-009580-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/2068454/000182912625009580/cslmacq3_8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-05-16T15:48:06.664929+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}