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CSLM Digital Asset Acquisition Corp III, Ltd Closes $230 Million Initial Public Offering
KOYN
M&A
New Projects/Investments
- 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.
- 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.
- 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.
- 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.
- 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.
Aug 28, 2025, 8:30 PM
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