FDUSD Issuer First Digital Reaches $250 Million Nasdaq Listing Agreement

PANews reported on October 8, according to Techinasia, that Hong Kong-based digital asset company First Digital Group Limited (issuer of the FDUSD stablecoin) has signed a definitive business combination agreement with Nasdaq-listed SPAC CSLM Digital Asset Acquisition Corp III (ticker: KOYN). The pre-transaction equity valuation is $250 million, and upon completion, First Digital will become a wholly-owned subsidiary of a new Cayman holding company, with existing shareholders receiving Class A common shares. The combined company is expected to list on Nasdaq in the first half of 2027.