- CSLM Digital Asset Acquisition Corp III, Ltd, a **special purpose acquisition company (SPAC)**, announced the **closing of its initial public offering (IPO)** on **August 28, 2025**.  **[2068454_0001829126-25-006839_cslmacq3_ex99-2.htm:0]** **[2068454_0001829126-25-006839_cslmacq3_ex99-2.htm:1]** 
- The IPO generated **gross proceeds of $230,000,000** from the sale of **23,000,000 units** at **$10.00 per unit**, which included the full exercise of the underwriters' over-allotment option.  **[2068454_0001829126-25-006839_cslmacq3_ex99-2.htm:0]** 
- Each unit consists of **one Class A ordinary share** and **one-half of one redeemable warrant**, with each whole warrant exercisable for one Class A ordinary share at **$11.50 per share**.  **[2068454_0001829126-25-006839_cslmacq3_ex99-2.htm:0]** 
- The units began trading on The Nasdaq Global Market under **KOYNU** on **August 27, 2025**, with separate trading of Class A ordinary shares (**KOYN**) and warrants (**KOYNW**) expected.  **[2068454_0001829126-25-006839_cslmacq3_ex99-2.htm:0]** **[2068454_0001829126-25-006839_cslmacq3_8k.htm:0]** 
- The SPAC intends to focus on acquiring businesses in **"new economy sectors"** within Frontier Growth Markets, specifically those building critical infrastructure in the digital asset space.  **[2068454_0001829126-25-006839_cslmacq3_ex99-2.htm:0]** **[2068454_0001829126-25-006839_cslmacq3_ex99-2.htm:1]**

CSLM Digital Asset Acquisition Corp III (KOYN)