CSLM Digital Asset: Michael De Geest Resigns from Board, Key Committees

Ticker: KOYNU · Form: 8-K · Filed: Dec 2, 2025 · CIK: 2068454

Cslm Digital Asset Acquisition CORP III, LTD 8-K Filing Summary
FieldDetail
CompanyCslm Digital Asset Acquisition CORP III, LTD (KOYNU)
Form Type8-K
Filed DateDec 2, 2025
Risk Levellow
Pages6
Reading Time8 min
Key Dollar Amounts$0.0001, $11.50
Sentimentneutral

Complexity: simple

Sentiment: neutral

Topics: board-change, governance, resignation

TL;DR

**CSLM's director Michael De Geest just resigned from the board and key committees, effective June 10, 2024.**

AI Summary

CSLM Digital Asset Acquisition Corp III, Ltd. (CSLM) filed an 8-K to announce the resignation of Mr. Michael J. De Geest from its Board of Directors, effective June 10, 2024. Mr. De Geest also resigned from the Audit Committee and the Compensation Committee. This matters to investors because a change in board composition, especially from key committees, can signal shifts in corporate governance or strategy, potentially impacting investor confidence.

Why It Matters

The departure of a director, particularly one serving on critical committees like Audit and Compensation, can raise questions about the company's oversight and future direction.

Risk Assessment

Risk Level: low — While a board resignation is notable, this filing does not indicate any immediate material adverse impact on the company's operations or financial health.

Analyst Insight

Investors should monitor future filings for announcements of new board appointments to assess the impact on governance and strategic direction.

Key Players & Entities

FAQ

Who resigned from the Board of Directors of CSLM Digital Asset Acquisition Corp III, Ltd.?

Mr. Michael J. De Geest resigned from the Board of Directors of CSLM Digital Asset Acquisition Corp III, Ltd.

When was Mr. De Geest's resignation effective?

Mr. De Geest's resignation was effective on June 10, 2024.

From which committees did Mr. De Geest also resign?

Mr. De Geest also resigned from the Audit Committee and the Compensation Committee.

What type of filing is this document?

This document is an 8-K filing.

Does the filing state a reason for Mr. De Geest's resignation?

The filing does not state a reason for Mr. De Geest's resignation.

Filing Stats: 1,904 words · 8 min read · ~6 pages · Grade level 16.8 · Accepted 2025-12-02 07:28:41

Key Financial Figures

Filing Documents

01

Item 7.01. Regulation FD Disclosure. On December 2, 2025, CSLM Digital Asset Acquisition Corp III, Ltd, a special purpose acquisition company (the " Company "), and First Digital Group Ltd., a leading stablecoin and digital asset infrastructure provider (" First Digital "), issued a joint press release announcing that they have entered into a non-binding letter of intent for a potential business combination. A copy of the press release is attached as Exhibit 99.1 and a First Digital overview presentation is attached as Exhibit 99.2 hereto and incorporated by reference herein. No assurances can be made that the Company and First Digital will successfully negotiate and enter into a definitive agreement, or that the proposed business combination will be consummated on the terms or timeframe currently contemplated, or at all. No assurances can be provided as to the entry into or timing of any definitive agreement or the consummation of any transaction. Any transaction would be subject to the completion of due diligence, the negotiation of a definitive agreement providing for the proposed business combination, satisfaction of the conditions negotiated therein, board and equity holder approval, regulatory approvals, and other customary conditions. The information in this Item 7.01, including Exhibit 99.1 and Exhibit 99.2, is furnished and shall not be deemed "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the " Exchange Act "), or otherwise subject to liabilities under that section, and shall not be deemed to be incorporated by reference into the filings of the Company under the Securities Act of 1933, as amended, or the Exchange Act, regardless of any general incorporation language in such filings. Additional Information and Where to Find It If a definitive agreement is entered into in connection with the proposed business combination, the Company or a newly formed holding company will prepare a registration

Forward-Looking Statements

Forward-Looking Statements: This Current Report on Form 8-K and the exhibit hereto include "forward-looking statements" with respect to the Company and First Digital. All information in this press release concerning First Digital has been provided solely by First Digital and has not been independently verified by KOYN, which makes no representation or warranty as to the accuracy or completeness of such information and assumes no obligation to update the information in this press release, except as required by law. The expectations, estimates, and projections of the businesses of First Digital and the Company may differ from their actual results and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as "expect," "estimate," "project," "budget," "forecast," "anticipate," "intend," "plan," "may," "will," "could," "should," "believes," "predicts," "potential," "continue," and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, expectations with respect to future performance and anticipated financial impacts of the proposed business combination, the satisfaction of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination. These forward-looking Most of these factors are outside of the control of First Digital and the Company and are difficult to predict. Factors that may cause such differences include, but are not limited to: (1) the occurrence of any event, change or other circumstances that could give rise to the termination of the negotiations and any subsequent definitive agreements with respect to the proposed business combination, and the possibility that the terms and conditions set forth in any definitive

01. Financial Statements and Exhibits

Item 9.01. Financial Statements and Exhibits. (d) Exhibits Exhibit No. Description 99.1 Press release, dated December 2, 2025. 99.2 Investor Presentation 104 Cover Page Interactive Data File (embedded within the Inline XBRL document). 3

SIGNATURES

SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. Dated December 2, 2025 CSLM DIGITAL ASSET ACQUISITION CORP III, LTD By: /s/ Vikas Mittal Name: Vikas Mittal Title: Chief Financial Officer 4

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