KOYN · CSLM Digital Asset Acquisition Corp III, Ltd · Documents
Substantial doubt about the company's ability to continue as a going concern.
“In connection with the Company’s assessment of going concern considerations in accordance with Accounting Standards Update (“ASU”) 2014-15, “Disclosures of Uncertainties about an Entity’s Ability to Continue as a Going Concern,” management has determined that these conditions raise substantial doubt about the Company’s ability to continue as a going concern. As a result, management has determined that such an additional condition also raises substantial doubt about the Company’s ability to continue as a going concern.”View the 10-Q filed Nov 6, 2026
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CSLM Digital Asset Acquisition Corp III, Ltd agreed on October 6, 2026 to combine with First Digital Group Ltd., valuing First Digital at $250 million, subject to adjustment. The transaction requires shareholder approvals and must close within six (6) months of the agreement.
At its November 10, 2026 annual meeting, CSLM Digital Asset Acquisition Corp III, Ltd will seek approval to rename itself First Digital Acquisition Corp Ltd. and adopt Third A&R M&A; adjournment will be presented only if both proposals pass.
CSLM Digital Asset Acquisition Corp III, Ltd agreed on October 6, 2026 to combine with First Digital Group Ltd., valuing First Digital at $250 million, subject to adjustment. Closing requires shareholder approvals, an effective proxy/registration statement, and Nasdaq approval.
CSLM Digital Asset Acquisition Corp III, Ltd will seek shareholder approval on November 10, 2026 to rename itself First Digital Acquisition Corp Ltd., amend its articles, and authorize adjournment, ahead of its proposed business combination with First Digital.