CSLM Digital Asset Acquisition Corp III, Ltd to acquire First Digital Group Ltd.

CSLM Digital Asset Acquisition Corp III, Ltd has agreed to acquire First Digital Group Ltd. in a strategic acquisition. The transaction, announced on 6 October 2026, values the target at an enterprise value of 250 million USD. The consideration for the deal consists entirely of shares. The buyer is incorporated in the Cayman Islands, while the target company is based in Gibraltar. Both entities operate within the technology sector. The deal structure represents a significant consolidation of interests in the digital asset space, with the acquirer assuming full ownership of the target’s operations. No completion date has been reported for this transaction. The current status of the agreement is firm intention, indicating that the parties have reached a definitive understanding. The transaction remains subject to customary closing conditions and regulatory approvals. There is no indication of a specific timeline for completion at this stage. The parties have not disclosed any additional financial terms or strategic rationale beyond the reported enterprise value and share consideration. This acquisition marks a notable move in the technology sector, involving cross-border entities from the Cayman Islands and Gibraltar.