Digital Asset Acquisition Company CSLM Raises $200 Million through IPO, Plans to Pursue Blockchain Merger for Strategic Listing

BlockBeats News, August 27th, a newly formed special purpose acquisition company CSLM Digital Asset Acquisition raised $200 million through an initial public offering, and the related stocks are expected to trade on the Nasdaq Stock Exchange under the "KOYN" and "KOYNW" tickers.

The company stated that it will seek to merge with enterprises strategically related to blockchain and distributed ledger technology, including infrastructure for building wallets, custody solutions, trading platforms, data protocols, and tokenized financial instruments, as well as companies developing applications such as payments, decentralized finance, and cross-border finance.