PANews reported on August 27 that according to Globenewswire, special purpose acquisition company CSLM Digital Asset Acquisition announced that it will issue Class A common stock and warrants and raise US$200 million through an initial public offering. The relevant stocks are expected to be traded on the Nasdaq Stock Exchange under the codes "KOYN" and "KOYNW". The company said it will seek mergers and listings of companies that strategically utilize blockchain and distributed ledger technologies, including building infrastructure for wallets, custody solutions, exchanges, data protocols and tokenized financial instruments, as well as companies that build applications such as payments, decentralized finance and cross-border finance.