First Digital

25 days agoNews Editor

First Digital targets Nasdaq listing in merger valued at $250 million

First Digital has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III in a deal that values the company at $250 million before the transaction. If completed, the two sides expect to form a new holding company that will be listed on Nasdaq. The deal is expected to close in the first half of 2027, subject to regulatory approval and other customary closing conditions. The company also disclosed operating figures tied to its stablecoin business. As of June 30, 2026, cumulative trading volume for FDUSD had exceeded $4.7 trillion. For the fiscal year ended June 30, 2025, First Digital reported about $87 million in revenue. First Digital said FDUSD reserves consist of cash and cash equivalents held in segregated accounts, with monthly attestations conducted by an independent firm. It also said its Finance District platform has launched four products so far, though the segment has not yet generated material revenue.

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First Digital

25 days agoNews Editor

FDUSD issuer First Digital signs Nasdaq merger deal at $250 million pre-transaction valuation

First Digital, the Hong Kong digital asset company behind the FDUSD stablecoin, has entered into a definitive merger agreement with Nasdaq-listed CSLM Digital Asset Acquisition Corp III. The deal values First Digital at $250 million before the transaction. After closing, the two sides expect to form a new holding company that will be listed on Nasdaq. The transaction is expected to close in the first half of 2027, subject to regulatory approvals and other closing conditions. First Digital also disclosed several operating figures alongside the announcement. As of June 30, 2026, cumulative trading volume for FDUSD had exceeded $4.7 trillion. For the fiscal year ended June 30, 2025, the company reported about $87 million in revenue. The company said FDUSD reserves consist of cash and cash equivalents held in segregated accounts, with monthly attestations conducted by an independent firm. It also said its Finance District platform has launched four products so far, though those offerings have not yet generated material revenue.

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Evernorth

2 months agoNews Editor

Evernorth targets Nasdaq listing under XRPN as merger vote is set for Sept. 30

Evernorth, an XRP treasury company, plans to list on Nasdaq under the ticker XRPN. Shareholders of Armada Acquisition Corp. II are scheduled to vote on the business combination on Sept. 30, a step that would remove the last major hurdle to Evernorth becoming publicly traded if approved. The company said it intends to actively deploy XRP across yield strategies, infrastructure participation, and capital markets activity. Evernorth currently holds about 473 million XRP, making it one of the largest identifiable corporate holders of the token. Separately, the company has agreed to a $30 million refinancing through 4% convertible preferred PIK notes, though the proceeds can only be used after the business combination receives approval. The update was reported by Odaily.

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OpenPayd

2 months agoNews Editor

OpenPayd Secures 43 US State Licenses, Plans Nasdaq Listing via SPAC in Q4 2026

OpenPayd has completed its integration of MSB USA Inc. and obtained money transmitter licenses in 43 US states, accelerating its North American expansion. The company plans to list on Nasdaq via a merger with Titan Acquisition Corp in Q4 2026, at a valuation of approximately $1.1 billion. It already holds an EU MiCA authorization, with annualized recurring revenue exceeding $96 million and annualized transaction volume surpassing $300 billion. Its infrastructure supports fiat and stablecoin settlement, serving over 1,200 clients including Kraken and OKX.

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BSTR

4 months agoNews Editor 01

Adam Back's BSTR Targets Nasdaq Listing With 30,000 BTC Balance Sheet

Bitcoin Standard Treasury Company (BSTR) plans to go public via a SPAC merger, potentially approved by April 2026, holding roughly 30,000 bitcoins on its first trading day. CEO Adam Back sees the current price dip as an opportunity for cheaper accumulation.

930

XRP

4 months agoNews Editor 01

XRP Treasury Firm Evernorth Goes Public via SPAC Merger, Discloses 388M XRP Holdings with $136M Unrealized Loss

Evernorth Holdings, an XRP treasury company, will list on Nasdaq via a SPAC merger under ticker XRPN. It holds 388 million XRP worth $812 million but faces a $1.36 billion cost basis. Meanwhile, XRP ETFs have surpassed $1.2 billion in inflows since November, outperforming Bitcoin and Ether ETFs.

2090

Evernorth

4 months agoNews Editor 01

Evernorth Files S-4 for $1B XRP Asset Manager to List on Nasdaq

Evernorth Holdings filed an S-4 with the SEC to merge with SPAC Armada Acquisition Corp. II and list on Nasdaq under ticker XPRN, creating a regulated XRP asset manager. Ripple contributed over 126 million XRP, with total gross proceeds exceeding $1 billion.

2070

Pompliano

4 months agoNews Editor 01

Pompliano's Procap Acquires 3,724 BTC for $387 Million After Merger Announcement

Anthony Pompliano’s Procap BTC LLC purchased 3,724 bitcoin for approximately $387 million at an average price of $103,785, one day after announcing a $1 billion merger with a SPAC. The firm targets up to $1 billion in bitcoin holdings post-merger.

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