[First Digital Plans to Go Public on Nasdaq via SPAC at a $250 Million Valuation, Expected Completion in H1 2027] Odaily Planet Daily News – First Digital is a Hong Kong-based digital asset company and the issuer of FDUSD. The company has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III, with a pre-transaction valuation of $250 million. Upon completion of the transaction, the two parties are expected to establish a new holding company and list it on Nasdaq, with the process anticipated to be completed in the first half of 2027, subject to regulatory approval and other closing conditions. As of June 30, 2026, the cumulative trading volume of FDUSD has exceeded $4.7 trillion. For the fiscal year ending June 30, 2025, First Digital achieved approximately $87 million in revenue. First Digital stated that FDUSD reserve assets consist of cash and cash equivalents, held in segregated accounts, and are subject to monthly attestations by independent institutions. The company's Finance District platform has launched four products to date but has not yet generated significant revenue.