Bloomberg: FDUSD issuer First Digital plans to go public in the US through a SPAC merger
BlockBeats News, December 1, according to Bloomberg citing sources familiar with the matter, as cryptocurrency companies seek to go public by leveraging a more favorable regulatory environment, First Digital Group (issuer of FDUSD) is planning to go public through a merger with a special purpose acquisition company (SPAC), also known as a blank check company.
According to sources who requested anonymity, the Hong Kong-based company is about to announce the signing of a non-binding letter of intent outlining a merger plan with CSLM Digital Asset Acquisition Corp III, a SPAC listed in New York. Further details have not yet been disclosed.
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